The legislation protecting trapped buyers was enacted to remedy a serious and long-standing distortion in the real estate market. Many purchasers, despite having paid the purchase price in full and complied with their principal contractual obligations, remained without title deeds for years due to omissions, financial difficulties or other outstanding issues affecting the vendor or the development itself.
George Coucounis is the Managing Director at Coucounis Law, where he specializes in Immovable Property Law. He covers a range of topics including commercial real estate, housing markets, and real estate development, while also exploring themes in travel and tourism. His insights and expertise have been featured in the Cyprus Mail and Cyprus Property Buyers.