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New bill aims to prevent further property buyers' title deeds entrapment

Posted: Fri Oct 21, 2022 9:15 am
by Paphos Life
Under a new draft bill, land developers in Cyprus burdened with an encumbrance will have to promptly transfer properties to buyers upon fulfilling contractual obligations no matter what. The bill aims to prevent further cases where people got duped into buying property built on land that the developer had earlier mortgaged to the bank. On ...

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