Cyprus Property News magazine for overseas buyers & real estate investors

Wednesday 30th September 2020

Title Deeds

Cyprus: How important is a Title Deed?

The acquisition of a Title Deed is usually simple and straightforward, however, at times it can also involve a very complex and specialised process...

Planning issues the victim has to pay

The amendments to the Trapped Buyers law approved by parliament will hopefully help many more property buyers get their Title Deeds, but planning issues require urgent attention.

New trapped buyers bill vote tomorrow

A revised 'trapped buyers' bill designed to overcome the problems of the current law, which was introduced in 2015, and enable thousands of trapped buyers to get Title Deeds will be put to a vote tomorrow.

MPs in new bid to help trapped buyers

A revised draft bill to help trapped buyers to finally get the Title Deed for the property they purchased will go before the House Legal Affairs Committee next week so that the bill can go the plenary on 12 July

Solution for trapped buyers edging closer?

Amendments to the law designed to resolve the Title Deed mess by enabling trapped buyers who were duped into buying homes on land their developer had earlier mortgaged to the bank to obtain their Title Deeds are edging closer to a vote my MPs.

Properties without Title Deeds give banks headaches

Developers who didn't follow the rules are giving the banks headaches as a number of repossessed properties and homes without Title Deeds are now re-entering the property market.

Renewed call to reform Title Deeds system

The EC and the ECB have renewed their call on Cyprus to "swiftly address the long-overdue reform of the title deeds issuance and transfer system" at the completion of their 6th PPS mission.

Money to help Land Registry clear backlog

€3.6 million has been requested by the Interior Ministry to help clear the backlog of cases at the Land Registries involving Title Deeds, boundary disputes, etc. and to pay associated expenses.

Trapped buyers still at banks’ mercy

Despite promises made by deputies last November that they intended to resolve the 'trapped buyers' mess by Christmas, it seems that little (if any) progress has been made towards its resolution.

Final solution for trapped buyers?

The Finance Ministry is seeking a final solution that will enable trapped buyers who were duped into buying property built on land that their property developer had previously mortgaged to the bank to get their Title Deeds.

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Mixed outlook for real estate

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