On 03/09/2015 the Parliament implemented the new amended law on The Immovable Property (Transfer and Mortgage) Law 2015 and issued relevant regulations giving the opportunity to thousands of ‘trapped’ buyers to finally receive title deeds for the property they purchased. The implementation of this Law was a requirement imposed by Troika in giving the next installment of €500 million. In order to resolve this situation, the trapped buyers are now eligible to apply to the District Land Office to initiate procedures to receive their title deeds.
Amended Law for ‘Trapped Buyers’
