Cyprus Title Deeds
Property Lawyers in Cyprus – Review – Cyprus Title Deed Reform – Completed 10th May 2011.
At long last the Cyprus Title Deed legislation has been passed.
Hip Hip Horary…!
After many years of laying dormant resulting in the cause of major back log in the issuing of title deeds and even bigger disasters for some investors the fight for title deed reform has paid off.
Mr Syliotis the Cyprus interior Minister has fought tooth and nail since the title deed issue came to light in devising and getting passed new title deed legislation and now we have it.
The New Cyprus Title deed Town Planning Amnesty Law.
Hallelujah!!!
It has been a long hard slog and our office has also put a lot of effort in to the fight for title deed reform from writing to MPs and visiting the Interior minister himself and we are so happy the time has come.
The new legislation will help new and existing property owners and also push developers to fulfil all their obligations in order for the investors to gain their title deeds.
There are over 120.000 title deed applications that will now be rushed through and title deeds granted. This is not only good news for the property owner but also for the government as it will bring in thousands in extra revenue for the country.
Any new applications deposited within 2 years of this new law will benefit from a reduction in transfer fees of up to 20%. So now is a great time to get your application in.
We are ecstatic with the news not only will this help thousands of existing and new Cyprus property owners it we hope restore investors confidence in the Cyprus property market.
We have our fingers crossed our market will return and thrive once again and we will continue to put in the same effort in promoting our property market as we did in the fight for title deeds.
It is all up hill from here on in for Cyprus.
We would like to thank Mr Syliotis for his efforts and a job well done!
PUBLISHED BY A&G KOUZALI LAW OFFICE ON 1211TH MAY 2011.
Cyprus Property lawyers – review – Cyprus Title Deed Reform Delays
After all the controversy over the title deed issues, and the urgency in devising the 5 new legislations to form a new title deed procedure, we are still no closer to a solution.
We have to however, respect the efforts of Mr Syliotis Cyprus Interior Minister as his efforts towards this issue have been outstanding. It may have been along time coming but since the controversy broke out Mr Syliotis really has tired his best to have this matter resolved as quickly as possible.
Mr Syliotis recently slammed the house of parliament claiming MPs were delaying the legislation. We for one are outraged that further delays are evident. Why would MPs want to delay this strategy from coming into effect as soon as possible? What possible valid reason is there for not wanting to put public outrage to rest?
Last year we were waiting in anticipation for the 5 legislations to be passed then to be told there was a delay due to imperfections in the bills and discussions would resume after the summer break in September.
We are now in April 2011 and low and behold we are once again being told 2 of the 5 bills are still not ready.
This is very hard to conceive. The new reform will not only help many thousands of homeowners, clear the back log of deposited application and issue thousands of title deeds, but it will also bring in hundreds of thousands of euros each year helping the Cyprus economy.
We are asking the MPs outright what is the reasoning behind this we would like to know?
We would like to thank Mr Syliotis for his efforts. We feel he is the only politician who really tries to do something! We support him and we will continue the fight for Cyprus Title Deed Reform until public justice prevails.
PUBLISHED BY A&G KOUZALI LAW OFFICE
Guaranteeing Your Investment
Cyprus Title Deeds one of the most controversial property issues in Cyprus. No one knows this better than A&G Kouzali Law Office based on the East Coast of Cyprus. As one of the leading Cyprus Property Law Departments we have first hand knowledge of all property issues that may arise. Which is why we strongly advise for you to appoint a local lawyer to undertake all the necessary searches and due diligence concerning your dream investment. Prevention is better than cure! For all you property needs contact the experts today. http://www.lawcyprus.org/areas-of-practice/cyprus-title-deeds/
Cypriot Lawyers – Help and information on How To Get Title Deeds in Cyprus.
Fact is, A&G Kouzali Law Office is renowned for their fight for Title Deed Reform in Cyprus. Therefore, if you are looking for quality and expert advice on Cyprus Title Deeds A&G Kouzali Law Firm in Paralimni Cyprus are the right Legal Representatives for you. No matter of your query or type of service you require we will assist you. Whether it be advice or a lawsuit we are the best company to deal with your case.
Read more – How To Get Title Deeds in Cyprus.
Information on: How Can My Developer Claim My Cyprus Title Deeds
Lawyers in Cyprus A&G Kouzali offers free advice on developers claiming your Title Deeds. Check out their website or contact the office directly for more information. Do not fall prey to the already existing horror stories, when this can be avoided by appointing expert legal advice before hand. Make sure your investment is protected and you fulfil all your legal obligations. We will guide you from the very beginning even while in the thought process. Read more How Can My Developer Claim My Cyprus Title Deeds
Review – Cyprus Title Deed Investigation
The Title Deed issue in Cyprus has been quiet of late! Maybe this is because we are waiting for the government to solve the new Title Deed Legislation or maybe it is because all the relevant property officials are stepping up their acts in order to keep publicity to a minimum.
Whatever the reason this may soon change as the Vice President of Cyprus has applied to the European Union asking them to intervene in the Cyprus Title Deed problem.
The Vice President would like members of the European Commission to preside over a meeting ‘so to speak’ in order to hear all the facts and investigate the Title Deed issue.
Under an EU directive that relates to consumer protection against commercial practices within the EU, of which incorporates immovable property, the European Union has every right to intervene.
In simple terms many properties in Cyprus are being sold to consumers by property professionals, with the full knowledge that there are still loans outstanding against the said properties potential putting investors at risk and not being able to acquire Title Deeds to their investment.
Under the EU Directive this could be seen as ‘misrepresentation’ and there fore in breach of EU laws. It is not clear yet if the EU will intervene and conduct an investigation although we actually hope that this does prevail.
The local government do not seem capable of correcting this issue themselves so maybe a higher power will do the world of good. It appears we really are getting no where with the Title Deed problem, parliament have not as yet passed any legislation even though this was a matter of urgency, so bringing in the EU to get to the bottom of it all we feel will only do good and also put further pressure on the Cypriot government.
We ourselves will continue to make the public aware of the dangers and safety procedures for buying a Cyprus property and continue to push the fact that due diligence must be performed before any monies are handed over.
We will continue to urge potential investors to appoint a Cypriot Lawyer before taking any steps in to their potential investment and we will continue the fight for Title Deed Reform as well as helping existing investors.
PUBLISHED BY A&G KOUZALI LAW OFFICE
Cyprus Title Deed Status Included In Sales Is Good Move But Always Take Caution Advise Cypriot Lawyers
Cypriot lawyers – Review – Developers and Title Deed status – 2nd October 2010.
The Cyprus Title Deed issue has scared a lot of investors away and to try and revive the markets developers are offering their properties with title deeds included in the sale. But investors should be very cautious of this!!!
Title Deeds can only be issued when all loans on the development have been paid, all transfer taxes have been paid and the certificate of final approval has been issued.
The property must be clear from all loans used against it by the developer this is a prerequisite for all investors.
It is a good incentive that due diligence reports and accounts are being offered but it is imperative that you ask an independent Cypriot lawyer to conduct a due diligence on the development also.
A lot of lessons have been learned through the whole Title Deed publicity both from the investors and the developers and while the majority of developers offer good and clean projects there are still 1 or 2 that will still try to cut corners, and these are the ones we have to look out for, so your Cyprus Lawyer is as important as ever.
While the government and Parliament are still toying with the new title deed legislation it is still widely viewed that this will not help the existing investors who have already encountered problems gaining their title deeds. We expect a large influx of existing investors wanting to take their cases to court as this is the most viable option available to them. This is what they have had to resort to.
The only positive to have come out of the title deed fiasco is firstly, developers have to offer good clean bills of sale, and all searches must be clear of debt. Secondly, when the government pass the legislation it will give potential investors security.
We understand this has come way to late and should of been addressed many years ago as our office did, but all we can do now is the very best we can in helping the existing problematic cases of which we are already addressing at out Famagusta Law office, and look forward to a clean and debt free Cyprus Property Market.
Just to iterate on the above please do not be taken in by what a developer has to say or any documents presented to you by the developer. The only way you can possibly be protected is if you consult an independent Cypriot Lawyer to conduct a full due diligence on the intended property investment.
Prevention is the only cure!
At the same time we applaud all the developers who have taken heed and are now operating by the Cyprus and law and the Cyprus people.
PUBLISHED BY A&G KOUZALI LAW OFFICE ON 2ND OCTOBER 2010. http://www.lawcyprus.org/
Legal Consultants in Paralimni – Review – Title Deed Reform Delay – Completed on 28th July 2010. Cyprus Title Deeds
There are many angry people over the Cyprus Title Deed legislation being delayed. The Government has made a lot of promises to the public and had failed to follow through on these.
It has been reported that the delay is due to lack of information not being given to the relevant officials, and therefore these officials have no recollection of them.
However, the Minister believes that all details were discussed and agreed up on and therefore were ready to go to the House of Parliament to be passed.
This discrepancy is very frustrating to the public and the delay will carry on until at least October after the summer holiday has finished, before discussions will open again on the issue.
Some details within the bills are being totally rejected by certain parties and even when talks do continue in October it appears it will still not be smooth sailing.
Some views seem to be that the bills do not help purchasers who have already brought property and are having trouble claiming their Title Deeds due to the developer mortgaging the land, even after the launch of the contracts to the Land Registration office.
The Title Deed Reform was devised to help with the country’s high deficit in mind, so not only are many people still stuck without a Title Deed solution, the state deficit will also suffer until progress is made.
Now if some of the bills are being rejected and discussions and amendments need to place further, this could mean a very long wait and 2010 may not be the year to celebrate the Title Deed reform.
Our office after extensive hard work trying to get the Title Deed Reform moving, has written to the Minister asking for the legislation to be passed as the public are very angry over this issue.
We urge all citizens to write to their local MPS stating their views and ask for them to hasten up this frustrating issue. We believe that we should do something about this! The Minister states that the parties have delayed the bills, so let’s ask our local MPs about this?
PUBLISHED BY A&G KOUZALI ON 28TH JULY 2010.
Cyprus Title Deeds – www.lawcyprus.org Letter to Clients
Distinguished client and Distinguished friends,
May I take this opportunity to inform you regarding the latest on the “Title deed” matter.
We have information from the minister Mr. Silikiotis, that the Cyprus Parliament and the political parties, are avoiding to finalize the issue and instead of dealing with the matter they have now postponed it for October, 2010!
The minister states that the parties wanted him to withdraw the 5 Bills of legislation! Also some of the people involved demanded that the contracts not to be land registered.
Further to that we have been told that though the Minister wanted to apply sales only with final building permits, he now had to back down with sales only with planning permits following pressure from the political parties.
The Legislation proposed also had provision that a percentage of every payment to go directly to the bank in order the Land Loan by the developer to be paid as soon as possible. The question now is “Is it still the case”?
My question is, if our MP’s want us to be unsafe and continue the same cancerous procedure…It seems that the ministry wants to finalize that but the obstacles he gets are coming from our MP’s.
We have on one side the developers that it seems they prefer that the legislation not to be passed. Actually our source tells us that the minister was asked to “negotiate with the developers” and being honest WE DO KNOW that when the bill for the “committees” was prepared by the Land Registry some years ago (which is still in the drawer) the official was asked to negotiate with the developers and find a solution before the approval of the bill by the parliament.
We feel that its time for our Members of the Parliament to work for the people and not for the developers or anyone else. However as we don’t have their response yet, it is more than fair to give them the information we have…and this is what we do and kindly ask them to make statements as to their position. To find their email address you can visit the governmental website which is www.parliament.cy and also we feel that you should send them your thoughts and complaints.
Let’s all give our MP’s the benefit of the doubt and expect our Members of the Parliament to give us their position…and the most important of all to make sure this problem is sorted out as soon as possible.
The parliament has a responsibility towards us, towards the economy of this country, towards our families and our children.
Τα τελευταία χρόνια φαίνεται να υπάρχει τεράστιο πρόβλημα αναφορικά με την έκδοση των Τίτλων Ιδιοκτησίας. Ένας σημαντικός λόγος καθυστέρησης είναι οι διάφορες παρατυπίες σε μέρος των μονάδων ή των κοινόχρηστων χώρων τόσο από τους νέους ιδιοκτήτες όσο και από τους επιχειρηματίες ανάπτυξης γης. Επίσης ο Υπουργός Εσωτερικών ανάφερε ότι το πρόβλημα της πολύχρονης καθυστέρησης έκδοσης τίτλων ιδιοκτησίας οφείλεται κατά κύριο λόγο σε ελλείψεις της κρατικής μηχανής, με αποτέλεσμα να δημιουργηθούν πολλές φορές εκ των υστέρων, παρανομίες που επιτείνουν το πρόβλημα.
Για αυτό τον λόγο προωθούνται πέντε νομοσχέδια για πολεοδομική αμνηστία προκειμένου να αντιμετωπιστεί συνολικά το ζήτημα το οποίο έχει γίνει ένας γόρδιος δεσμός που προέκυψε από τα κενά που υπήρξαν όλα αυτά τα χρόνια αλλά από την απότομη έξαρση στην βιομηχανία.
Συγκεκριμένα σε δημοσίευμα στην εφημερίδα «ΣΗΜΕΡΙΝΗ» στις 03 Απριλίου, 2010 με τίτλο «Τέλος στις καθυστερήσεις τίτλων Ιδιοκτησίας» ανέφερε ότι βρέθηκε η χρυσή τομή για την πολεοδομική αμνηστία που ταλαιπωρούσε τον κόσμο για δεκαετίες και εγκλώβισε στην κυριολεξία δεκάδες χιλιάδες τίτλους ιδιοκτησίας.
Επίσης σε συνέχεια του ίδιου δημοσιεύματος ανάφερε ότι τα πέντε συνολικά νομοσχέδια για τις πολεοδομικές ρυθμίσεις αλλά και την πολυσυζητημένη πολεοδομική αμνηστία, ήταν έτοιμα και θα «περνούσαν» στο Υπουργικό Συμβούλιο και στις 15 Απριλίου, 2010 θα ψηφίζονταν από την ολομέλεια της Βουλής κάτι το οποίο δεν έγινε μέχρι σήμερα και αυτό πραγματικά μας ανησυχεί! Ο κόσμος αναμένει άμεσα την προώθηση των νομοσχεδίων και ευελπιστεί στην έγκριση τους από την Βουλή.
Ο Υπουργός Εσωτερικών, κ. Νεοκλής Συλικιώτης, ανάφερε για να μπορέσει να εφαρμοστεί αποτελεσματικά η πολεοδομική αμνηστία εισάγεται μια νέα πολύ σημαντική καινοτομία που αφορά την εισαγωγή τριών τύπων ιδιοκτησίας αντί του ενός που υπήρχε:
Α. Ο πλήρης τίτλος ο οποίος θα έχει την υπόσταση που είναι γνωστή ως σήμερα
Β. Ο ατελής τίτλος ο οποίος θα εκδίδεται με σημειώσεις αναφορικά με μη εξουσιοδοτημένες επεκτάσεις ή τροποποιήσεις σε σχέση με εκδομένη άδεια οι οποίες είναι επουσιώδεις ή σε περιπτώσεις που δεν είναι δυνατό να καθοριστούν τα τμήματα ιδιοκτησίας για τα οποία έχει αποκλειστικά δικαιώματα μονάδα της ενιαίας ανάπτυξης.
Γ. Ο Περιορισμένος τίτλος ο οποίος θα έχει σημειώσεις αναφορικά με μη εξουσιοδοτημένες ουλώδεις τροποποιήσεις ή επεκτάσεις, ο τίτλος θα στερείται δικαιοπραξιών και το ακίνητο δεν μπορεί να υποθηκευτεί.
Εμάς μας ανησυχεί όλη αυτή η καθυστέρηση και ευελπιστούμε ότι οι Κύπριοι βουλευτές και τα κόμματα θα συμμεριστούν την δική μας ανησυχία!
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