30 September 2024

The Trapped Buyers Law is reshaping real estate in Cyprus

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The "Trapped Buyers Law" in Cyprus, formally known as Law N.139(I)/2015, was enacted to address the predicament of buyers who, despite fulfilling their contractual obligations by paying the seller the full purchase price of the property, were unable to obtain the title deed. This issue primarily arose due to outstanding mortgages, unpaid taxes, or other encumbrances on the property created by the seller.

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