Pafilia fined €100,000 for withholding important information from buyers

The consumer protection service has fined Pafilia Developers €100,000 for withholding important information during the sale of a flat, it was announced on Tuesday.

According to the announcement, Pafilia had been reported for withholding substantive information from the buyers, who would not have gone ahead with the deal, had they known.

Among others, the consumers charged that they had not been informed that the property was already mortgaged and that they had been misled by the promotional material given to them by the seller.

The service said it had determined that the company exercised unfair and misleading practices, issuing it with a €100,000 fine.

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.