Borrowers association engaging with political parties over trapped buyers

The Cyprus Borrowers Association (Syprodat) this week said that it has initiated discussions with various political parties, aiming to explore the possibility of proposing a law to address the issue of trapped buyers, should it become necessary.

Trapped buyers are those who, despite strictly adhering to the terms of their agreement and paying the full purchase price of a property, have not been able to obtain full ownership, meaning a title deed.

Essentially, these buyers...