Court ruling could impact thousands of ‘trapped buyers’

A recent decision by the appeals court may adversely affect thousands of ‘trapped buyers’ who, despite having paid in full for their home or apartment, have not obtained a title deed due to outstanding financial obligations of property developers.

Issued on June 20, the court ruling concerns a case involving Bank of Cyprus as the plaintiff versus the land registry and a property developer. The latter had sold an apartment to a buyer, but the immovable property (land and building) on...