Cyprus Mail
CyprusProperty

Pafilia fined €100,000 for withholding important information from buyers

The consumer protection service has fined Pafilia Developers €100,000 for withholding important information during the sale of a flat, it was announced on Tuesday.

According to the announcement, Pafilia had been reported for withholding substantive information from the buyers, who would not have gone ahead with the deal, had they known.

Among others, the consumers charged that they had not been informed that the property was already mortgaged and that they had been misled by the promotional material given to them by the seller.

The service said it had determined that the company exercised unfair and misleading practices, issuing it with a €100,000 fine.

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