Risks in the Allocation of State Plots to Poor Families
March 27, 2025
The report from the Auditor General warns of the risk of seizing state plots given to poor families, as borrowers may not be able to service their loans. Thirteen cases were reviewed and unsuitable plots were found, while some beneficiaries possessed significant assets. The Republic of Cyprus risks a demand for large amounts due to non-performing loans. The investigation covers housing projects from 2020 to 2022.