Property firms offer their services to obtain the all-important Title Deed to properties that buyers have purchased; developers and other advise caution, while some criticize them as "preposterous" or "scams".
Following the recently announced passage through parliament of the 'town planning amnesty bills', the Cypriot authorities expect to complete an evaluation of properties affected by the end of this month.
According to Interior Minister Neoclis Sylikiotis the four bills recently approved by parliament will resolve the Island's long-standing Title Deed problem.
Yesterday Parliament passed the remaining two ‘town planning amnesty’ bills aimed at tackling the estimated 130,000 properties in Cyprus without Title Deeds.
The draughtsman of the original amendments to the Cyprus Immovable Property (Tenure, Registration and Valuation) Law provides a summary of the new laws that were approved by parliament last month.
Yesterday the Cypriot Parliament passed the most of the 'town planning amnesty' legislation aimed at tackling the morass of properties without Title Deeds in Cyprus.
Amendments to various laws designed to resolve the Cyprus Title Deeds-cum-fraud mess could be complete and voted through before parliamentary elections in May.
With the proposed urban planning amnesty shortly to be debated in parliament, the Cyprus Association of Valuers and Property Consultants has put forward three suggestions for the government’s consideration.
The long awaited and often criticised bills designed to tackle the Title Deed fiasco and bring relief to the many thousands of buyers who have been waiting for many years could be implemented in the next couple of months.
The Overseas Property Professional has reported on recent developments in Cyprus with ETEK calling for the demolition of illegal building and MEP Daniel Hannan calling on the European Commission to send a fact-finding mission to Cyprus.
The Cyprus Scientific and Technical Chamber (ETEK) has called on the government to demolish illegally constructed buildings, according to a recent report in the Greek language newspaper Politis.
A senior Department of Lands and Surveys official has revealed the changes to the laws of Cyprus designed to untie the ‘Gordian Knot’ preventing the issue of some 130,000 Title Deeds to properties on the island.
The Cyprus government is banking on a second term in office to implement its revised property tax system which will be based on current property values rather than those of 1980.
