The Cyprus Borrowers Association (Syprodat) has expressed concern over ongoing discussions in the House Internal Affairs Committee regarding the long-standing issue of trapped property buyers.

In a statement released this week, Syprodat said that the proposed legislation currently under examination by MPs “appears to offer a solution for buyers who have obtained a title deed and have paid in full for their property.”

Syprodat praised the MPs for their initiative, stating, “we congratulate them for their initiative,” but stressed that the proposal still fails to resolve the issue for a large group of affected buyers.

The association further stated that “the problem remains unresolved for those who have not and are not expected to obtain a title deed due to urban planning violations committed by the developer or landowner.”

The matter is set to be re-examined next Wednesday during a meeting of the House Internal Affairs Committee, with the Interior Minister expected to attend the session.

Syprodat expressed hope that “a golden solution will be found and the problem resolved for this group as well, which concerns approximately 4,500 trapped borrowers.”

It reiterated that these individuals “bear no responsibility for the urban planning violations committed” and that, in many cases, they “had the reasonable belief that such irregularities could not possibly occur.”

Syprodat called on affected individuals “not to remain passive” and urged them “to mobilise collectively and dynamically, sending the correct message to the relevant authorities, in order to secure a fair and universal solution for all.”

The renewed appeal comes as lawmakers prepare to advance a draft bill aimed at solving the broader problem of trapped buyers—an issue affecting over 10,000 people in Cyprus.

According to the House Legal Affairs Committee, the proposal currently under review is expected to impact 4,000 of those buyers.

Disy MP and committee chairman Nikos Tornaritis recently stated that the draft law introduces strict regulations that “remedy to a great extent the problem concerning a huge group of victimised residents of the Republic of Cyprus, who bought property in good will, paid their instalments – some paying the loan off in its entirety – but so far have not received title deeds.”

Next week’s committee meeting will explore whether the Interior Ministry can help address the remaining town planning violations that prevent the issuance of title deeds.

Akel MP Aristos Damianou described the legislative effort as being at “a very advanced stage,” aiming to further improve the bill to include more victims.

“We are working to increase the number of people, who were never to blame, but on the contrary are paying the sins of the banks and insolvent developers,” Damianou said.

He added that the bill would likely be passed before the summer recess, enabling a large number of people to obtain title deeds and have their property formally registered in their name.

Diko MP Panikos Leonidou also emphasised that the goal was to develop a legal framework that both complies with the constitution and safeguards the rights of buyers.