The decision of the District Court of Paphos was issued in the lawsuit of the Holy Metropolis of Paphos against the Municipality of Paphos and others, according to which it condemns the Municipality of Paphos and demands compensation for a substantial reduction of the economic value of the Public Garden.
According to the history of the case on 8.6.2010, the Holy Metropolis of Paphos filed a lawsuit against the Attorney General of the Republic, the Municipality of Paphos and the Council of Ministers, claiming compensation of € 26,125,000 plus interest to reduce the financial value of its property, within of which is the “Public Garden”, due to a change in its urban area.
Today, after a hearing, the District Court of Paphos ruled that the Municipal Committee with the K.D.P. 180/81 dated 7.8.1981 included the part of the Public Garden in zone Z1, reducing its building factor from 160% to 1%, resulting in a substantial reduction of the economic value of the property.
The Court, based on article 23 of the Constitution that protects the right to property, ordered the Municipality of Paphos to pay as compensation for the substantial reduction of the value of the property, the value of the property on 7.8.1981 in which it was before its accession in zone Z1, € 2,050,000, less its value after joining zone Z1, € 86,292, ie an amount of € 1,963,708, adjusted due to inflation at the time of registration of the lawsuit to € 5,482,672, plus legal interest from 08.6 .2010, plus expenses, more legal interest from the issuance of the decision, plus VAT.
The amount of the decision today is € 7,739,000 plus expenses.
The Municipality of Paphos notes in a relevant announcement that the decision will be studied by the Municipality of Paphos in the coming days.
