Multiple purchases in Northern Cyprus

sd680


Joined: 01/06/2008
Posts: 2

Message Posted:
01/06/2008 17:57

I am seeking further information regarding the buying or building of 4 or more villas in TRNC. As an Uk/Australaian citizern I intend to relocate to TRNC and wish to either buy an existing plot of 4 villas (living in 1) or purchuasing land and and starting from scratch. Any info on current regulations would be great.

cyprusishome


Joined: 31/03/2007
Posts: 2381

Message Posted:
01/06/2008 19:15

First thing you will find as an obstacle.



As a Non Cypriot you are only allowed to purchase a land area of 1 donum ie enough for 3 houses maximum.

joandjelly


Joined: 24/02/2008
Posts: 2953

Message Posted:
01/06/2008 20:05

There are ways around this. You can either buy in more than one name (ie family member) or set up a company.



My advice would be to come here and take legal advice or maybe identify an advocate online and email for more information.

Jo Valentine


Joined: 10/02/2008
Posts: 508

Message Posted:
01/06/2008 22:02

Hello Sean

I know of some plots for sale, 2 donums up to 10 donums, pre 74 title, Turkish Cypriot owned.

Please contact me off-forum if you are interested.

Regards

Jo Valentine

valentineremovals@hotmail.com

cyprusishome


Joined: 31/03/2007
Posts: 2381

Message Posted:
01/06/2008 22:13

There is the next issue with alleged pre 1974 title.



The government quite rightly are making it extremely difficuly to get PTP on Turkish Title in an effort to maintain the land in TC names.



Why should developers trying to make a profit at the expense of local people be allowed to buy land.



There was an article in the press this week highlighting this fact, so do not think that buying Turkish title is an advantage it is definitly not. I would say it is a major problem for anyone who now takes that route. Remember there are cases of people waiting 30+ years and still have not got their Kocan.

whiteflower


Joined: 14/05/2008
Posts: 5

Message Posted:
17/08/2008 21:34

Hi I have land of just less than 2 donums sold with an established Limited company which has a trust deed that protects the company from any one seeking to secure loans against it etc... There is 90% building permission to build up-to 4 villas, with all mains elec, water, road access and fantastic views of the sea and mountains. Its located in Baspinar close to Lapta.



If u or anyone else is interested I can send u pictures. We have reduced the sale to £45.000 O.N.O



Contact me via email on louisesuleman@googlemail.com

bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
17/08/2008 21:39

Cyprusishome,



Do you know which paper the article about pre74 was in?



Did it give a reason as to why it was being denied?

Pipie


Joined: 05/01/2008
Posts: 5499

Message Posted:
17/08/2008 22:28

you must be mad

cyprusishome


Joined: 31/03/2007
Posts: 2381

Message Posted:
17/08/2008 23:24

Bradus,



I wrote that in June, I do not know what day it is never mind where i read it. Actually must be CT as it is the only paper I read.



Principle reason for not accepting PTP is that there is too much TC land being sold to foreigners and it is unacceptable to destroy the birth right. Something I agree 100% with and the government is correct for a change.



So unless there is a change of heart all those that fell for the con with estate agents are in for a hard time.

pilgrim



Joined: 11/05/2007
Posts: 1404

Message Posted:
17/08/2008 23:37

Sue, me thinks, not much sympathy there.

bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
18/08/2008 00:34

The government might be correct in its reasoning but they should have the decency to inform everyone that this particular title deed can only be sold to the TC.



In short what you are saying CIH, is that its alright for this government to sell the GC's homes but we are not going to sell our own.......well we are but were not going to give out the title deeds......but we still want the money.



And you agree with this 100%?

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
18/08/2008 02:20

Bradus,



If people buy Pre74 land freehold, and that it what they pay for. THAT IS WHAT THEY SHOULD GET.



Do contracts mean anything in THE TRNC, with This Government?



wyn

ishmail


Joined: 27/06/2008
Posts: 91

Message Posted:
18/08/2008 06:45

pipie only a prat she come in on posts to see her self for whot she is

it her whots mad

rtddci


Joined: 29/12/2007
Posts: 842

Message Posted:
18/08/2008 17:49

If this happened in the UK (only allowing UK citizens to purchase property), there would quite rightly be uproar. So how come it's OK in NC?

Martin