Cyprus is going to solve the problem with the acquisition of ownership title

May 3 the Republic of Cyprus Parliament started discussing draft laws aimed at addressing the problems faced by Greek and foreign buyers of real estate in the preparation of owner's title. "All these bills focused on the rights of the buyer, - said the Minister of Internal Affairs of Cyprus Neoklis Sylikiotis. - Our main goal is to buyers and owners of the land, regardless of their nationality, can get the owner's title. In addition, putting an end to a serious problem with the title of the owner, which has undermined the authority of our state, we intend thereby to improve the work of the real estate sector and to increase its profitability. " In addition to the financial side, these bills are of great importance for the Cyprus property market, which is created a complete mess because of the difficulty in obtaining the owner's title. Thousands of homeowners, including many foreign nationals, for various reasons, do not have the owner's title. Moreover, many owners can not get it because the developer did not want or could not pay the mortgage for the house. In connection with this, many foreign, for the most part British, investors have already appealed to the authorities of their own countries. On this Site www.news.cyprus-property-buyers.com