NY Times article on property in North Cyprus

Izzet



Joined: 01/12/2006
Posts: 920

Message Posted:
22/04/2009 17:54

NY Times article on property sales in North Cyprus

http://www.nytimes.com/2009/04/22/greathomesanddestinations/22gh-sale.html



Featured under their "Great Homes and Destinations" section:

http://www.nytimes.com/pages/great-homes-and-destinations/



Any Cyprus44 is included one of the useful websites. Yeyyy



Izzet

deecyprus4


Joined: 27/07/2008
Posts: 3452

Message Posted:
22/04/2009 18:49

Nice one Izzet and congrats..

deecyprus4


Joined: 27/07/2008
Posts: 3452

Message Posted:
22/04/2009 18:57

Why oh why do ppl on ever say that if the island is reunified the gc's may want their land back...what about the tc's who lost land in the south!!!!

Mindy



Joined: 27/10/2008
Posts: 1210

Message Posted:
22/04/2009 20:12

Very Interesting, I enjoyed the slide shows very much, well done Izzet

DutchCrusader



Joined: 19/05/2008
Posts: 11281

Message Posted:
22/04/2009 20:24

It's very worrying when - in the English language - people don't know the difference between an "advertisement" and an "article".

DutchCrusader



Joined: 19/05/2008
Posts: 11281

Message Posted:
22/04/2009 20:25

Pleased to explain the difference.

elko2



Joined: 24/07/2007
Posts: 4400

Message Posted:
22/04/2009 20:26

I was not aware of the 5 donum limit for pre-existing buildings for foreigners. I thought one donum was the limit. We learn something new every day.

ismet

DutchCrusader



Joined: 19/05/2008
Posts: 11281

Message Posted:
22/04/2009 20:32

Smart, Ismet! But... is it a 5 dönum or 1 dönum limit? I think it was 1 dönum (at least that's what it was in the past 5 years). Or?

Stubs


Joined: 01/07/2008
Posts: 641

Message Posted:
22/04/2009 21:02

"Ercan international airport" ????

Mindy



Joined: 27/10/2008
Posts: 1210

Message Posted:
22/04/2009 21:14

It was stated in cyprus Today some weeks ago regarding the 5 Donums.

It has not yet been passed by the Government, but it is proposed to allow foreigners to have 5 donums, providing there is only one dwelling built on the said land. I have also read this on Naomi Mehmets web site.

halffull


Joined: 26/01/2009
Posts: 571

Message Posted:
22/04/2009 21:27

Nice one!!

elko2



Joined: 24/07/2007
Posts: 4400

Message Posted:
22/04/2009 21:28

A proposal is not quite the same thing if that is what they had in mind in that advertisement. I am keeping an open mind on this until I find the relevant law and check it for myself. I will let you know tomorrow what the current law says on this subject. The important thing for me is what the law says as opposed to what the lawyers say. What do you think Dutch?

ismet

DutchCrusader



Joined: 19/05/2008
Posts: 11281

Message Posted:
22/04/2009 21:28

RE msg 10, Mindy > It was stated in cyprus Today some weeks ago regarding the 5 Donums. <



=> TRNC, the land of the weekly fairy tales. Just one example out of many: the Girne bypass should have been finished more than a year ago, but, alas, it isn't... And... And... And...

DutchCrusader



Joined: 19/05/2008
Posts: 11281

Message Posted:
22/04/2009 21:33

RE msg 12, Ismet > What do you think Dutch? <



=> I think exactly what you wrote, Ismet... First we want to see it, than we're gonna sing, ain't we, Ismet

jay76


Joined: 17/07/2008
Posts: 532

Message Posted:
22/04/2009 21:42

5 donums, they cant even sort the deeds out for 1 donum.

cooper


Joined: 23/10/2007
Posts: 3386

Message Posted:
22/04/2009 21:46

There is information on this link regarding 5 donum's - http://nmplegal.com/news.php



Cooper

juliet


Joined: 11/01/2009
Posts: 612

Message Posted:
22/04/2009 22:15

Well done izzet for the mention of cyp44.. but alas the advertisment was placed by Unwins estates!!!!!!! & i hope people take the time to read all the article advising people to buy pre74 turkish title...

juliet


Joined: 11/01/2009
Posts: 612

Message Posted:
22/04/2009 22:16

Dee



Even the NY times calls YOUR border a green line...

elko2



Joined: 24/07/2007
Posts: 4400

Message Posted:
22/04/2009 23:24

I have just looked at the long term lease law for foreigners. The lease cannot be for less than 10 years and not more than 99 years. The maximum land allowed for foreigners is normally one donum but up to 5 donums is allowed provided there is only one dwelling on it. The Council of Ministers may restrict the long term lease of certain areas to foreigners by making a regulation and any agreements after such a regulation will not be valid if it involves land coming under such a regulation.



Long term leases must be registered with the District Land Office within 30 days otherwise the agreement will be invalid. Any lease agreement must incorporate the conditions in relation to any intended buildings.



So it seems that PTP is not required for 10-99 year leases. The relevant law is 52/2008.

ismet

Lilli



Joined: 21/07/2008
Posts: 13081

Message Posted:
22/04/2009 23:39

IS THIS AN OLD ARTICLE LIKE MOST WE HEAR ABOUT. sorry left caps on. Ismet is so very wise on the subject but we have had customers who have had to have thier 4 donums registered in each of thier childrens names. How can one dwelling take this xxxxx

deecyprus4


Joined: 27/07/2008
Posts: 3452

Message Posted:
23/04/2009 09:35

Juliet I will soon have to start referring to you as Border2

ROBIN HOOD


Joined: 26/05/2008
Posts: 238

Message Posted:
23/04/2009 11:01

Interesting, that the PTP is still being bandied about like a nice to have option. No sales should go ahead without it. Pay no money before you have one.If the builder objects tell him to get the system changed.

DutchCrusader



Joined: 19/05/2008
Posts: 11281

Message Posted:
23/04/2009 11:15

RE msg 23, DC4 > Juliet I will soon have to start referring to you as Border2 <



=> ... suffering from borderline (personality disorder).

DutchCrusader



Joined: 19/05/2008
Posts: 11281

Message Posted:
23/04/2009 11:26

New disease in the South: BorderGreenline (personality disorder)...