Tens of thousands of Cyprus property buyers still waiting for deeds despite full payment

Tens of thousands of buyers in Cyprus have yet to receive title deeds despite having paid in full for apartments and houses.

The phenomenon is known as the "stuck buyer" problem. A purchaser acquires a property, fulfils all contractual obligations, transfers funds—yet the deed is never issued. The cause is almost invariably the same: outstanding debts from previous owners encumber the property. Mortgages, liens, court-ordered freezes—all of these block the transfer of ownership rights.

The issue has persisted for years, but authorities have finally begun to address it. New legislation is intended to help buyers obtain their documents and protect future investors from similar situations. For those planning to purchase property in Cyprus, this underscores the importance of thoroughly investigating a property's history and ensuring all encumbrances are cleared before signing a contract.

Source: Cyprus Mail Property