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What happens if you don't get Permission to Purchase?

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» Property Buying Procedure in North Cyprus

neil27


Joined: 16/07/2008
Posts: 55


Message Posted:
29/08/2008 08:34
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Message 1 of 3 in Discussion

If I pay for a house and later on find that I cannot get a PTP what happens next? Do I have to sell the property? Is it even mine to sell? On what ground are PTPs refused? Is there an appeals procedure?



keithcaley


Joined: 13/06/2008
Posts: 272


Message Posted:
29/08/2008 09:52
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Message 2 of 3 in Discussion

nothing,

no,

no,

1) personal background checks 2) National Security 3) Any more anyone?,

yes.



orangekazzie



Joined: 31/07/2007
Posts: 987


Message Posted:
29/08/2008 10:31
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Message 3 of 3 in Discussion

Hi Neil27

Its very rare for permission to be refused. Normally its only refused if the property overlooks a military base or you have a serious criminal record in your Country of residence.

If permission is refused you will still be able to sell the property but only to a Turkish Cypriot.

I would suggest you speak to your solicitor as you are paying them for their professional advice.

Karen



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