NEWS & ARTICLES

According tο the Immovable Property Law (Transfer and Mortgage), No.9/1965 as amended by Law 139(I)/2015, every buyer of a property which has his contract deposited to the land registry office, but the separate title deed of the said property is not issued, can file an application for the issuance of separate title deed.

In 2015, the Cyprus parliament voted the law for the trapped purchasers. According to this law, every buyer of a Cyprus property who has a contract deposited to the Land Registry Office can file an application for the issuance of separate title deed of the property at hand.

Cyprus President Nicos Anastasiades expressed on Tuesday evening the government's satisfaction over the progress achieved so far in the Paralimni marina project, in the sea-side resort of Protaras. He was addressing an event in Nicosia during which the project was presented. The marina is set to have 300 spots for docking, with all the necessary support services.

HOPES of issuing up to 70,000 trapped property buyers with their title deeds were revived earlier this month after banks pledged not to raise objections to a disputed law, but the top land registry official told the Sunday Mail this week he was uncertain how this would work in practice.

Cyprus seems to have shaken off its financial woes and is riding a new wave of prosperity. During its 2013 crisis, it looked as if the island might lose its way, but within three years Cyprus had exited its bail-out and is now seeing another boom.