Letter to Clients about Cyprus Title Deeds
Wednesday, July 14th, 2010Letter to Clients - Cyprus Title Deeds - www.lawcyprus.org
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.