Buying a Home in Cyprus
A Practical Guide to Successful Real Estate Purchase - Top Tips Supplement
An end in sight to the Title Deed frauds?
The Cyprus Property Action Group and others have written to MPs and
MEPs highlighting the issues and seeking their support to get the Title
Deed problems and frauds resolved.
I spoke at some length with a former colleague, Lord Jones of
Cheltenham, who tabled five written questions in the UK House of Lords.
He received assurances from the UK government that Cyprus is planning
to implement legislation to resolve the Title Deed issues.
More recently, questions have been raised in the EU Parliament and a
number of petitions have been launched in the UK and the European
Parliament aimed at spurring the Cyprus government into action.
Speaking at a meeting of the Land and Building Developers Association
on 7th May 2009 the Interior Minister, Neoclis Sylikiotis, said that
legislation was in process that would bring an end to the problem
affecting the 100,000 properties without Title Deeds. Whether this is yet
another empty promise from the Cyprus government remains to be seen.
If you want to know how matters are progressing, keep an eye on my
Cyprus Property Magazine where I’ll be reporting on progress.
But it’s not only the non-Cypriots who have problems with Title Deeds.
Former President Glafkos Clerides is among the many thousands of
Cypriots waiting for them.
Five years ago, the former President bought a holiday home. But the
property developer who built it 15 years ago made a number of
‘irregularities‘ - including building part of the complex on Government
land and another part on foreign private property.
Although Mr Clerides and his daughter Katy are both lawyers, they have
been unable to resolve the problem.
© Nigel Howarth
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