Trapped property buyers protection extended

By unanimous vote, parliament on Thursday passed a law extending to the end of 2022 the protection afforded to ‘trapped’ property buyers.

It means the protection now applies to buyers who filed a sales contract to the land registry pursuant to a court order issued after December 31, 2019, based on an application filed with a court prior to December 31, 2022.

The legislative proposal was tabled by Disy MP Nicos Tornaritis.

In a bid to sort out the so-called trapped property buyers mess, back in 2015 parliament passed a government bill granting the head of the land registry the authority to...

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Article automatically added to our system on Friday, November 26, 2021

Trapped property buyers protection extended

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