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Cyprus plans major overhaul of forced property sales
['Nigel Howarth', 'Please Enter Your Name Here']
Cyprus Property News
Cyprus is set to overhaul the rules governing forced property sales, with new measures aimed at speeding up auctions and bringing greater certainty to the process.
What is a forced property sale?
A forced property sale can take place when a property owner has an outstanding court judgment and a warrant for the sale has been issued.
Private valuers brought into the processOne of the biggest changes would be the introduction of private property valuers.
The proposed reforms could mark a major shift in Cyprus’s approach to forced property sales.