Paphos Life

Deputies on Wednesday were discussing a mechanism aimed at protecting - and preventing - trapped buyers, after Finance Minister Constantinos Petrides submitted a bill to the House legal committee. The aim is to avoid the situation whereby thousands of homeowners were left without their title deeds despite paying for their...

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Hope it works. I would not wish what we and our neighbours went through on anyone. There are still people who have not got their deeds because their developer went bust and many who lost thousands. What happened in the noughties still needs to be addressed.

A Ridiculous state of affairs.

Had we known that our deeds would not be ours upon purchase, we would never have bought property in Cyprus. Being ignorant of this, we lived in Cyprus for nearly ten years, in our own home, and still didn't have our deeds when we sold. Luckily for us, this didn't hold up our sale.

The law should be simple, purchase the property, purchase the deeds, not rocket science.

Our solicitor, who people still keep recommending on Facebook, told us, over a period of at least two years, that there was no mortgage on our land and she had done all the relevant searches at the Land Registry. It was only when our builder went bust and we did our own searches, that we found out that he had taken out mortgages before our contract signing date and we were liable for them. He had never paid his mortgages.
Eventually, we went to Louise Zambartas in Limassol and she did a brilliant job negotiating with the bank so that we were free from all encumbrances and were able to get our deeds.