Concerns Over Inappropriate Applications for Plots from Financially Stable Individuals
February 12, 2025
The audit report reveals that individuals with considerable wealth applied for plots meant for low-income families, some having properties valued over €1 million. The report highlights delays in the application review process and inappropriate plots awarded to beneficiaries. There is a potential risk to the Republic of Cyprus from outstanding debts related to loans for home construction. Additionally, many plots remain unsold in various communities.