Paradise hills buyers face uncertain future

Buyers of properties at Paradise Hills development in Marathounda village in Paphos are facing an uncertain future over the completion of the site and ownership of their homes, after a rescue plan was rejected by the Bank of Cyprus (BoC).

Thirty three of the 46 units have been sold but only three are now occupied. Property owners say have been plagued by a raft of problems since purchasing their homes and now have no idea what the future holds for them.

After problems were highlighted a year ago, the site was ultimately connected to the main electricity supply, which residents say has made their day-to-day life more bearable. They had previously been reliant on power supplied by costly generators.

Last year their plight was also filmed for a popular UK TV show ‘Holiday Homes from Hell’ which was screened by ITV on 19th July.

Source: Cyprus-Property-Buyers.com