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Urgent Reform Needed for Jointly‑Owned Buildings

Public safety concerns intensify as experts call for immediate legislative action

A recent Cyprus Mail report highlights growing pressure on the new House of Representatives to urgently reform the legal framework governing jointly‑owned buildings in Cyprus. The call comes amid increasing concerns about ageing structures, weak management systems, and risks to resident safety.

Savvas Georgiades, Vice Chairman of the Cyprus Real Estate Developers Association, stressed that the situation has reached a critical point, telling Cyprus Mail that the issue “can no longer be left on hold” following several high‑profile incidents involving unsafe buildings.

Why Reform Is Now Critical

According to the Cyprus Mail report, many jointly‑owned buildings across the island suffer from poor maintenance, inadequate management, and outdated legal provisions, leading to structural deterioration and safety hazards.

Georgiades warned that the current system has resulted in “serious deterioration of a number of buildings, with direct consequences for the safety of residents.”

Recent events, including the collapse of a building in Limassol that resulted in two fatalities, have intensified calls for immediate action.

Key Problems Identified

1. Outdated Legislation

The existing law does not reflect modern building needs, making it difficult to enforce maintenance obligations or collect communal fees.

2. Weak Management Structures

The Cyprus Mail report notes that Georgiades supports turning management committees into legal entities, giving them clearer authority and accountability.

3. Lack of Reserve Funds

Mandatory reserve funds are seen as essential to ensure buildings can finance repairs, upgrades, and emergency works.

4. Insufficient Inspection Mechanisms

Experts argue that Cyprus needs stronger monitoring systems to identify structural risks early and prevent further tragedies.

A Matter of Public Interest

Georgiades emphasised that promoting the new bill on jointly‑owned buildings is now “a matter of public interest and social responsibility”, urging the new parliament to prioritise the reform to protect residents and safeguard Cyprus’ ageing building stock.

Read the Full Article on Cyprus Mail

For the complete report, visit: https://cyprus-mail.com/2026/06/17/jointly-owned-buildings-need-urgent-reform-georgiades-says

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