Cyprus Parliament to Consider Bill Restricting Foreign Land Purchases

Bill to restrict foreign land purchases heads to plenum

Akel will bring a bill to the House plenum on April 2 aiming to restrict the acquisition of Cypriot land by foreigners, a measure described by party officials as necessary to curb uncontrolled property sales. The proposed legislation, prepared by the party’s secretary-general, Stephanos Stephanou, seeks to abolish provisions allowing indirect acquisitions without the approval […]