Back to overview

Cyprus Property - Compulsory Acquisition

Bookmark and Share

Information on the compulsory purchase of Cyprus property

Land in Cyprus                                          Photo © CyprusExpat.co.uk

Subject to the provisions of Article 23 of the Constitution and of the Compulsory Acquisition of Property Law 15/62 any property may be acquired compulsorily for a purpose which is to the public benefit.

Acquiring authority means:

The Republic.

A municipal authority.

A public corporation.

A public utility body.

A communal chamber.

Where immovable property needs to be acquired compulsorily the acquiring authority:

Shall cause a notice of the intended acquisition to be published in the Official Gazette of the Republic and cause a copy of the notice to be served upon any interested person. Where the person upon whom the notice is to be served cannot be traced, the acquiring authority shall obtain a confirmation from the president of the local authority (mukhtar) that such person cannot be traced and publish the notice in at least two daily local newspapers.

Shall call upon any interested person to submit to the acquiring authority within thirty days from the date of service of the notice any objection.

Proceed with all reasonable speed to the examination of any objections to the acquisition made and unless the acquisition is confirmed upon publication of an order of acquisition within twelve months from the date of publication of a notice of acquisition, the procedure shall be deemed to have been abandoned.

Shall, within fourteen (14) months from the date of publication of the notice of acquisition, send a written offer relating to the compensation payable for the property so acquired.

Upon receipt of the offer, any interested person may:

Accept the compensation for full and final settlement of all his/her claims relating to the acquisition of his/her property.

Accept the amount offered reserving his/her right to apply to Court for fixing the final amount of compensation. In this case, he/she has to apply to Court within 75 days from the date of the payment of the compensation.

Refuse or ignore the offer. In this case either the acquiring authority or the interested person may apply to the Court for the determination of the final compensation.

Compensation

Where the whole property is subject to compulsory acquisition, the amount of the compensation includes:

The market value of the property as at the date of publication of the notice of acquisition.

Any other damage caused on account of such acquisition.

Where only part of such property is acquired the compensation is also assessed with reference to the market value of that part of the property as at the date of publication of the notice of acquisition. In these cases the law provides the set-off betterment and compensation for injurious affection/severance, trade disturbance, reinstatement and any other damages or losses sustained by the owner on account of such acquisition.

Note

An annual interest in accordance to Law 15/1962 shall be added to the amount of compensation, starting from the date of publication of the notice of acquisition until the date of the payment of the compensation.

Source Department Of Land And Surveys

Last Updated 02 November 2016

CYPRUS INFORMATION ARTICLES      CYPRUS NEWS      CYPRUS VILLAGE PHOTOS

BUSINESS DIRECTORY        VILLAGES OF CYPRUS            CYPRUS VILLAGE INDEX

NEWSLETTER               CYPRUS VILLAGE FESTIVALS               CYPRUS PHOTOS

Bookmark and Share