Court Ruling on Compensation for Expropriated Property
April 3, 2026
The Larnaca District Court ruled to grant €53,000 in compensation to property owners whose land was expropriated, despite an initial offer of only €50. The expropriation involved 806 sq.m. of their land for the creation of an Industrial and Energy Area. The judge accepted the findings of a private appraiser who questioned the valuation from the Land Registry. The court rejected the Land Registry's assessment as inaccurate and misleading.