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Delays in property rights and digitization in focus

Delays in property rights and digitization in focus


The delegation from the association of entrepreneurs for land management and construction discussed the delays in the issuance of property rights and the digitization of all procedures. The meeting was also attended by Deputy Director of the Department of Lands and Land Surveys Elias Ellikos, as well as other officials.

Information received from the Cyprus Business Association shows that there have been discussions about delays regarding the issuance of property titles. The association was asked to issue property rights at the stage of completion of construction. This, in their opinion, would reduce the waiting time. This is a current proposal, but it will require amendments to existing laws.

In turn, the Land Cadastre noted that the process of modernizing procedures has already been launched. Already at this stage, private surveyors have the right to take responsibility and provide guarantees that the property will be registered no later than three months from the date of final approval. In this case, along with applications for the issuance of property rights, all necessary certified documents must be submitted.

The Association also did not ignore the issue of difficulties requiring immediate intervention. This is an incomplete utility billing scheme. Attention is drawn to the fact that the current legislation enables real estate users not to extinguish the debt, shifting it to builders or owners.According to the Association of Land Management and Construction Entrepreneurs of Cyprus, “The need for a full-scale digitization of all stages related to the services of the Land Registry has been particularly emphasized.”

The delegation of the Association fully recognized the steps, including the introduction of technologies and resulting in the acceleration of public services and organizations by the state. The association also noted that the state should increase the pace of activity.

Association President Michalis Hatzipanagiotu noted that all steps towards the sale of property should be digitized and this is really significant. In particular, this applies to the electronic verification and payment of any debts during the transfer of ownership.

“This will bring positive trends to the market, bureaucratic procedures that take a lot of time and are a necessity today will go away,” the association said in a statement.

Source and photo: Editor

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