The significant capital of the sales will be at the center of the Parliamentary Committee on Finance meeting on Monday. The Commission will be presented with five bills with the standard recommendation of not carrying out freezing or suspending sales by the end of the year.
The draft laws were submitted by EDEK, the Ecologists' Movement, AKEL and ELAM. Specifically, a draft law was introduced by EDEK by Marinos Sizopoulos to enact new legislation for the universal suspension of all sale procedures until the end of 2020 due to the recession that is expected to occur in the Cypriot economy and households. Businesses due to the coronavirus pandemic.
On behalf of ELAM, the draft law of Christos Christos and Linos Papagiannis concerns the suspension of the procedures for the sale of mortgaged real estate until December 31, 2020. Due to the effects of the outbreak of COVID-19 disease on the economy and especially on borrowers.
Also on Monday's meeting of the Commission is an examination of the progress of the sales and the possibility of extending the measure by financial institutions for mortgage borrowers, due to the effects of the prolonged health crisis. The issue was registered by MPs Panikos Leonidou (DIKO), Anna Theologou (Independent Movement), and George Perdikis (Environmental Movement - Citizens' Cooperation).
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