Cyprus unlocks thousands of blocked cases of Trapped Purchasers' applications
By Evi Cherouvim
In a landmark move to address one of Cyprus’ most persistent property challenges, the House of Representatives has unanimously passed an amendment law that effectively resolves thousands of cases of ‘trapped’ property buyers. These long-standing cases have prevented thousands of purchasers from obtaining their title deeds and official recognition as the legal owners of their properties.
Who are the ‘trapped buyers’?
‘Trapped buyers’ are individuals or entities who purchased property in Cyprus by often paying in full for their property but never received their title deeds due to existing mortgages, developer debts, building permit issues or any other legal encumbrance or prohibitions.
The interior ministry, in collaboration with the House legal committee, formed an ad hoc working group to draft legislation aligned wit
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