Accepting that renting is a better option than buying here

Roomy


Joined: 20/02/2011
Posts: 836

Message Posted:
23/06/2011 21:16

at least in the first instance, what makes it in your opinion a better place to live than other mediteranean destinations?

Ballyboffin


Joined: 25/08/2007
Posts: 903

Message Posted:
23/06/2011 21:31

Have you tried to live in ANY Eurozone??????

Roomy


Joined: 20/02/2011
Posts: 836

Message Posted:
23/06/2011 21:40

So you like the look of the TL over the Euro? It never really occurred to me that it could sway someones decidion on where to live

spider


Joined: 03/01/2009
Posts: 5527

Message Posted:
23/06/2011 21:42

It sure has Roomy..









Spider,X

newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
23/06/2011 21:46

Love it out there,just cant spend as log as i would like to though,



Paul.

rowlo



Joined: 12/10/2008
Posts: 4796

Message Posted:
23/06/2011 21:48

its every one to his own imho ,

Roomy


Joined: 20/02/2011
Posts: 836

Message Posted:
23/06/2011 21:49

I understand you might love it Paul but why did/would you choose to live their above anywhere else?

newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
23/06/2011 21:49

Suppose we will be seen as the lucky few,who bought without a hitch,



Paul.

Ballyboffin


Joined: 25/08/2007
Posts: 903

Message Posted:
23/06/2011 21:53

We were in Spain a few months ago, average meal out for two courses/2 pax 80 Euro. Take a look also for the property prices/ rental price there. You will also find that it is just as hard for a foreigner to get their deeds as it is in TRNC, never mind the community charges.

newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
23/06/2011 21:53

Sorry,Rooms,



Erm,suppose its because i always feel so safe there.Love the people,the culture,the greenery,the fabulous walks,the sunsets,the lovely warm sea.Oh and the Efes,



Paul.

Roomy


Joined: 20/02/2011
Posts: 836

Message Posted:
23/06/2011 21:56

Good on you then Paul because when I first came to this board it was for info regarding buying as I was lured by the prices.I have since been advised by the vast majority to rent rather than buy due to the property minefield that is TRNC.Taking this on board and thanks in large part to the many posters here that still wax lyrical about the place I am becoming more and more curious as to why.Is there anything in particular that makes it a better place to live than say the South?

Roomy


Joined: 20/02/2011
Posts: 836

Message Posted:
23/06/2011 21:59

Sorry all, if I was a bit vague, my question is in regards to living anywhere but in rented property, why would you choose TRNC?

rowlo



Joined: 12/10/2008
Posts: 4796

Message Posted:
23/06/2011 22:03

in a nutshell msg 11 cheaper , same shit thou , why spend over the odds in the south when you can get better for less in the trnc , its a no brainer really , many ks left over for the good things in life ,

Roomy


Joined: 20/02/2011
Posts: 836

Message Posted:
23/06/2011 22:07

I thought the cost of living was spiralling through the roof?

newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
23/06/2011 22:11

Roomy re-mess 11,



Cant really comment about the living side,as at the moment i only holiday there,



Paul.

rowlo



Joined: 12/10/2008
Posts: 4796

Message Posted:
23/06/2011 22:11

thats in the south , wait till greece goes belly up , the carpetbaggers will move in and paphos/pafos will be sold for a score , remember thou , no deeds no money , happy chlorine drinking , its coming anytime soon south side lmfao .

Roomy


Joined: 20/02/2011
Posts: 836

Message Posted:
23/06/2011 22:15

I just holiday in the south at the moment but have been thinking, it's the same Island, sun, sea etc, I bear no loyalty to the South therefore given enough reason and economics is a pretty good reason I could be tempted.

spider


Joined: 03/01/2009
Posts: 5527

Message Posted:
23/06/2011 22:17

It can cost very little to enjoy yourself..



I have had a wonderful week so far out and about with friends..and friends visiting the villa..If you wish to go about splashing the dosh all over the place that's down to the individual. But the best advice I was given was to live as you would back home..When people go away on holiday they have worked hard for the holiday and we used to spend a fortune when going away..But living here the sun and see are here every day,as is the pool..So like nature its all free to enjoy



Spider,X

TRNCvictim


Joined: 17/08/2010
Posts: 1417

Message Posted:
23/06/2011 22:25

Hope you are feeling better Roomy?



Why would anyone buy anything in the TRNC? you can't get any deeds before PTP (which can take years) The Government give known EU criminals Kimlik cards, and allow them to build without planning permission, without utilities, and without any infrastructure, they allow landowners to mortgage land that builders have built on, without consent from the victims who are living on the land/homes that they have paid for, and they allow banks to take anyone to court they feel like!



It's a Lawless Country!!! hahahahahahahaha They are laughing all the way to the bank



Rent, Rent, and Rent again and let all the owners worry about their future!!!!!!! only sensible option???? for anyone with any common sense!



Even if you buy a re-sale you may not get your PTP which means No Deeds!



NO DEEDS NO MONEY.....................



Would you buy any property in the UK without Deeds??

rowlo



Joined: 12/10/2008
Posts: 4796

Message Posted:
23/06/2011 22:39

so why did you give all your hard earned to the eu criminal then msg19 ?

Roomy


Joined: 20/02/2011
Posts: 836

Message Posted:
23/06/2011 22:41

I have read enough here to know never to buy, I am not talking about buying property.

TRNCvictim


Joined: 17/08/2010
Posts: 1417

Message Posted:
23/06/2011 22:54

rowlo (mess 20)



Because in 2003 I didn't know he was a criminal! and just want to inform future victims that criminals roam the TRNC freely! rowlo instead of trying to give the impression that the TRNC is the most fantastic place on earth, be honest the warts are large, very watery, and can become very infected! yours are obviously treatable, but give a thought for the 100's that have had to undergo surgery, and now need Lazer treatment

rowlo



Joined: 12/10/2008
Posts: 4796

Message Posted:
23/06/2011 23:13

you cant lock the stable door once the horse has bolted , in 2003 if things had been different ,ie all went well you would not be on here venting your anger , you fell into the clutches of a conman , no ones fault except your own , i really do feel for you but not every one makes the same mistakes / choices that you did .

Quarmby


Joined: 15/09/2008
Posts: 975

Message Posted:
24/06/2011 00:53

Msg 23

Are you saying that everyone who has been conned out of their properties because of dodgy builders etc. It's their own fault?

Jonesy299


Joined: 07/02/2009
Posts: 367

Message Posted:
24/06/2011 01:10

Whooaa! Back on thread me'thinks.

As with all countries, if you spend time and study the pros and cons carefully you can make a reasoned decision on where to live.

For me TRNC has the climate, the scenery, lovely neighbours and I can quite happily cope with the cost of living and inflation (it's no different in other countries and I planned for my retirement) and in truth I could not have afforded a property of the same standard elsewhere in Europe (and sidestepped the dodgy builders and GC guilt trips that others have reported). With lots of fantastic re-sales on the market you can avoid some (not all) of the off plan pitfalls. If you can't afford to take the risk - rent.

Jonesy299


Joined: 07/02/2009
Posts: 367

Message Posted:
24/06/2011 01:28

I would be interested to know some of the down sides of renting (the financial risk / keeping capital pros are pretty obvious and I think it remains a sensible option for some). But is it not like permanently feeling you are in a self catering holiday home? If you get settled, what happens when the owners end the contract? Do some renters have experience of poor landlords / shabby maintenance / nagging thoughts that you might have to move out when asked etc? Would love to know...

sienna


Joined: 09/01/2009
Posts: 1627

Message Posted:
24/06/2011 08:40

Well I agree with above its not all gloom and doom and a pit of dispair why should everyone feel others pain, yes sorry for you and all that, but others have a right also that have their PTP, have their Kohan, have a good site to ENJOY it !!

Jefferson


Joined: 17/05/2010
Posts: 360

Message Posted:
24/06/2011 08:53

Message 26. Have so far been lucky with the Landlord. Have a 4 year contract (for what its worth) with a 6 month notice either way. We just feel we are on a long holiday and are enjoying, and filling, every minute. If we are given notice we will find somewhere else but there is no point in worrying until that happens. We came here to relax not stress.

Jonesy299


Joined: 07/02/2009
Posts: 367

Message Posted:
24/06/2011 09:55

Good response Jefferson and a pragmatic approach to renting. Enjoy North Cyprus.

Beanland


Joined: 23/06/2011
Posts: 12

Message Posted:
24/06/2011 10:08

Is there another Mediterranean country where you can rent a private three bedroom villa with a swimming pool and garden, close to beaches and bars etc for less than £500 per month?

Pipie


Joined: 05/01/2008
Posts: 5499

Message Posted:
24/06/2011 10:23

Some fab places to rent in TRNC, very cheap in my opinion !!

andre514


Joined: 05/10/2010
Posts: 763

Message Posted:
24/06/2011 10:42

roomy,



I'm not sure that renting/leasing or buying are opposites



good general advice is to rent or lease for a while, to decide if you like the place

(and did you ever cross the green line, it's simple, to visit north cyprus?)

which area would you prefer? despite its smallness the trnc is surprisingly diverse

...and find good, reliable solicitors/estate agents, there are suggestions on 44



buying property in north cyprus is a minefield, though there are many

ways to minimize the risks, but it can be dodgy in other club-med countries too



build up a knowledge base and refer to your individual needs and likes



despite what you may think, security of ownership in north cyprus as part of a

partitioned island is better than ever,

and the rights and wrongs of the former dispute are slowly fading into history

...except for those with an axe to grind



well-informed pro's buy when others are fearful

and don't when others are confident, and can sometimes save a fortune

carian


Joined: 13/03/2009
Posts: 336

Message Posted:
24/06/2011 11:18

Agree with message 28, if you have to move you just find somewhere else. Enjoy the life here and cross bridges as you come to them. we bought from GR at Amaranta so have lost our money ( unless something is sorted) but you have to get on with life, if you don't you will end up being miserable.

Ballyboffin


Joined: 25/08/2007
Posts: 903

Message Posted:
26/06/2011 20:09

So Roomy,



You have never been to TRNC then? Just had holidays in the south, am I correct?

mikelapta



Joined: 20/11/2008
Posts: 2186

Message Posted:
26/06/2011 20:15

I smell a rat.....he is a prat.....ignore him

Roomy


Joined: 20/02/2011
Posts: 836

Message Posted:
26/06/2011 20:55

Msg34



You are correct Ballyboffin but I am very curious as to the differences between the two sides of the Island particularly in regard to buying/renting property and cost of living etc.I intend to visit and see for myself but thought a little info from those that know wouldn't go amiss and I thank those that have volunteered such information freely and without prejudice.

Thankyou it has been interesting.

0maintenance


Joined: 22/09/2010
Posts: 2179

Message Posted:
26/06/2011 20:57

If reading this thread http://www.cyprus44.com/forums/66934.asp



could happen i think id get a tent and camp out on the beach

TRNCvictim


Joined: 17/08/2010
Posts: 1417

Message Posted:
26/06/2011 21:06

Amanda,



Please don't camp out on the beach! "A Woman Alone" is very worrying!!! I'm sure David would look after you

0maintenance


Joined: 22/09/2010
Posts: 2179

Message Posted:
26/06/2011 21:07

Trish.



Ive no need to camp out @ the moment

TRNCvictim


Joined: 17/08/2010
Posts: 1417

Message Posted:
26/06/2011 21:30

That's good to know Amanda, If push comes to shove and David is busy with his "Chlorine Free Swimming Folks" campaign I will always be here to help you

LittleQueenie


Joined: 20/04/2011
Posts: 107

Message Posted:
26/06/2011 21:36

Why does every post get turned into a slating Northern Cyprus episode??



I wonder why these people don't get a ban or warning considering this forum is meant to be FOR Northern Cyprus not 'i hate Northern Cyprus dot com' its actually really annoying! I know SOME people have had a bad time but not every person here..



Some of us have actually bought houses WITH deeds and are very happy.. Not everyone gets scammed or cheated!



Please keep things in perspective!

philbailey


Joined: 17/01/2011
Posts: 3534

Message Posted:
26/06/2011 21:39

I think it is just sensible advice

msg41, it is personal experiences not speculation,

0maintenance


Joined: 22/09/2010
Posts: 2179

Message Posted:
26/06/2011 21:40

I agree littleQueenie.



Not every one has a horror story to tell or sell!



Im lovin ittttt



Here.



Thanks pat for being there for me,your a little treasure

LittleQueenie


Joined: 20/04/2011
Posts: 107

Message Posted:
26/06/2011 21:47

Its not said in a 'sensible' way it pops up in nearly every post..



I think in any country one should be careful if they are handing over vast sums of money, not just here in the TRNC.



Constantly hijacking posts to complain over your own misfortune really makes this country sound awful and its not fair. I know one friend who wanted to buy here but because of all of these comments has decided to buy in Spain, as if it is so much better there! Having lived in both countries I can say that we certainly get more for our money here, its safer and I for one am much happier here!



And I understand these things have happened but it the same posters who keep posting on every thread so that it actually seems like a greater amount of events have occurred when in fact it is the same group saying the same thing over and over!



Just my opinion from reading this board

Susanna


Joined: 24/03/2009
Posts: 85

Message Posted:
26/06/2011 21:48

To Roomy,

there are a lot of people retairing from the UK to the north side. Why? Because the southern government taxes the pension money coming from UK, the TRNC government does not. If you rent or buy, in any case, the cost of living is a fraction of that what it is in Europe. About buying, I can only say, do your research. And a successful property purchase IS POSSIBLE in North Cyprus.

Roomy


Joined: 20/02/2011
Posts: 836

Message Posted:
26/06/2011 21:51

Thanks Susanna

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
26/06/2011 22:15

It all depends on the way you view things. The sensible person would research the buying process and eliminate all risks by demanding a no deeds, no money approach. Then you really are safe. If you do not do this then you simply gamble by hoping that you are doing business with a honest builder and advocate.



Did those that had a good result do anything different to those that have lost money? No of course not! Buying safely in the TRNC is based only on luck.The law gives you no safeguards and this is evident from the many cases bought to public attention. A good example of this would be Boyut, Santa Fe and Greatstones. Early buyers can be heard singing their praises but more recent purchasers have been well and truly shafted. Refusal to hand over deeds and discovering memorandums on properties is commonplace.



Add to this the problems associated with "exchange land" and no one could say its safe! At best its a gamble. It was OK for me is hardly reassuring.

TRNCvictim


Joined: 17/08/2010
Posts: 1417

Message Posted:
26/06/2011 22:30

LittleQueenie



I'm really happy for you, your sorted, think the TRNC has a low cost of living and your enjoying life fantastic for you and Amanda (who has David to rely on)!



This post was about renting in the TRNC! and I agree renting is most certainly better than buying! it's sensible, and if you rent your not gambling with your life savings!



Your wrong LittleQueenie the same posters don't keep popping up on every thread, just every thread that threatens another victims hard earned money!



Enjoy your life, but you should understand that misfortune is prolific in Cyprus North or South more so than any other European Country!

LittleQueenie


Joined: 20/04/2011
Posts: 107

Message Posted:
26/06/2011 22:43

TRNC Victim is there a statistic available to prove your last statement to be true? I ask in a serious way as I am interested to know if this really is the case



In regards to the post renting of course is 'safer' as you are paying monthly rather than a huge lump sum, however, having rented for 1 year here we never felt happy as it wasn't our own and then it makes it hard to settle



There were issues with the house we have now bought, it wasn't plain sailing but I also know in the UK 1 friend who rents out a very expensive flat and due to poor judgement ended up not receiving 6 months rent and also having to clear up the mess the tenant left



There are irresponsible builders/landlords/tenants in every country not just here. I still feel some people post only with a negative attitude and it is unfair on this country

philbailey


Joined: 17/01/2011
Posts: 3534

Message Posted:
26/06/2011 22:45

mag 49, is it exchange land?

LittleQueenie


Joined: 20/04/2011
Posts: 107

Message Posted:
26/06/2011 22:50

Our house? No



The issue was the previous owner never paid the builder in full!



So it was a bit of a strange situation

andre514


Joined: 05/10/2010
Posts: 763

Message Posted:
26/06/2011 22:57

bradus msg 47:



I'd agree that luck (and inexperience), are factors and many people were screwed

by apparently respectable lawyers and builders who ran into "problems"



but it is possible to erect something of a safety net by researching very

thoroughly over a long period and in person, and not just on the internet either



not quite sure what particular problems you mean with exchange land...

and note that not all "turkish title" really is, while there are persistant rumours

about the trnc often being reluctant to grant permission on the "genuine article"



...otherwise many of the hassles are quite common elsewhere in "club-med land"



you question the "safety of exchange land"



this is the very least of a buyer's problems...it looks improbable the map of cyprus

will change in our lifetimes, but if cyprus ever federates it is quite likely that any

realistic compo will greatly enhance land values due to the blockade ending

0maintenance


Joined: 22/09/2010
Posts: 2179

Message Posted:
26/06/2011 22:58

Message 48



Pat. littlequeenie asked a good question actually in reply to your ( but you should understand that misfortune is prolific in Cyprus North or South more so than any other European Country!)



DO you have exact statistics available to prove your last statement,or is it just your observations?

0maintenance


Joined: 22/09/2010
Posts: 2179

Message Posted:
26/06/2011 23:03

Message 48



And if what you say to be correct ( but you should understand that misfortune is prolific in Cyprus North or South more so than any other European Country!) Then why trish did you buy here in TRNC or did all this misfortune only happen after you had bought here?

LittleQueenie


Joined: 20/04/2011
Posts: 107

Message Posted:
26/06/2011 23:07

I agree message 52 I don't understand the issue over exchange land etc etc I think there is more to worry about when buying..



Omaintenance I am glad you would also like to know this statistic.. I am surprised that such a statistic for the EU exists but I am also always interested to learn new facts.. Also the TRNC is not the EU so i wondered how it fits into the same statistic?

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
26/06/2011 23:08

TRNC Victim



You could display the long list of builders that have been shamed and named. You could take information from the HPBG website. In particular the warning regarding memorandums and some of the case studies. You could also discuss a legal system with Queenie that allows the developer to hang onto the title deeds even when the buyer has paid in full.



I'm sure you can display the information about the amount of properties (1,400)that have memorandums on them?



But why bother? If someone equates losing 6 months rent to losing your life-savings and the possibility of being made homeless, you are really going to have to work hard to get your point across!!! The TRNC continues to defraud innocent buyers and this is aided and abetted by those that ignore what is happening and wish those who bring it to others attention to GO AWAY.



"Unfair to this Country" I don't think so! Don't buy in Cyprus would be good, wise advice.

TRNCvictim


Joined: 17/08/2010
Posts: 1417

Message Posted:
26/06/2011 23:13

Amanda (mess 53)



Go and look after David and that lovely little google LittleQueenie needs to do a little research for his/her self instead of asking others to do it for him/her, it's very easy to find the statistics! complete with spreadsheets!



I think LittleQueenie knows exactly where Cyprus stands in the world, especially the TRNC don't you Amanda?

0maintenance


Joined: 22/09/2010
Posts: 2179

Message Posted:
26/06/2011 23:15

Im sure ive read on some britsh goverment website about buying in cyprus or north cyprus,beware,so if the british goverment are warning its people,should they not take notice of that warning?

andre514


Joined: 05/10/2010
Posts: 763

Message Posted:
26/06/2011 23:17

bradus msg 56:



don't buy anywhere in "cyprus" or just the trnc?



I agree with many of the points you make although

some people are satisfied or partly-so...



there is a list of horror stories as long as your arm

about ripoffs in spain, bulgaria, south "cyprus" etc

and even price collapses in florida

LittleQueenie


Joined: 20/04/2011
Posts: 107

Message Posted:
26/06/2011 23:17

Bradus it is such a strong statement 'don't buy in Cyprus'



I think it is absolutely abhorrent the sweeping statements made on this board.. EVERY country has issues and no country will get better being constantly driven down by constant bad press



WHAT are the statistics? How many buyers have been conned in comparison to the amount who have bought without issue?



Do you think it is fair to the honest and reputable builders in this country to tar everyone with the same brush?



What country do you recommend we all go to and purchase property?



These are all serious questions and I have yet to hear the answers.. I am sorry to be difficult but I like facts and I like to make my own opinion

LittleQueenie


Joined: 20/04/2011
Posts: 107

Message Posted:
26/06/2011 23:22

Do my own research? I have, hence being happy in my property



I would love to see these spreadsheets and reports if someone could post a link? If people feel so strongly I think these links should be posted so everyone can read them and perhaps educate themselves and also others that may wish to move here?



Seems rather strange to now with hold this important information and tell people 'do your own research'.. if that IS your view then please don't post unfounded comments?

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
26/06/2011 23:24

LittleQueenie if you do not understand the issues surrounding exchange land then it must be because you have buried your head in the sand. However I agree that there are more worrying issues with regard to buying.



A good start might be reading the latest thread regarding the latest EU arrest warrants and then researching the law that allows the GC's to implement this. Up to now the ROC have chosen not to implement these laws even though they are 5 years old, but now, just like the Oram's case ,we are to witness exactly what the implications of buying could be. No one has a crystal ball and none of us can safely say that it is safe to buy. This is yet to be tested.



The GC's are like a dog without a bone and test it they will!

philbailey


Joined: 17/01/2011
Posts: 3534

Message Posted:
26/06/2011 23:27

Msg 61 , do you dispute the ongoing court cases ?



Or the fact the orams have no house



are you suggesting Gary Robbs 400 customers/victims

are making it up ?



Yes every country has problems but not to that extent

0maintenance


Joined: 22/09/2010
Posts: 2179

Message Posted:
26/06/2011 23:27

Message 48 & 57







Pat. littlequeenie asked a good question actually in reply to your ( but you should understand that misfortune is prolific in Cyprus North or South more so than any other European Country!)







DO you have exact statistics available to prove your last statement,or is it just your observations?



Message 48







And if what you say to be correct ( but you should understand that misfortune is prolific in Cyprus North or South more so than any other European Country!) Then why trish did you buy here in TRNC or did all this misfortune only happen after you had bought here?

philbailey


Joined: 17/01/2011
Posts: 3534

Message Posted:
26/06/2011 23:37

Msg64, have thought the same

did not Polly/misunderstood live in the south 1st

were there not warnings



I still feel for anyone who lost money

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
26/06/2011 23:37

Price collapses in Florida: I can live with because at least I would have a property I owned. and could use.



Buying in Spain: Much safer now. Spain learned the hard way, when the market collapsed mainly as a result of property scams, they changed the laws to safeguard buyers. It is well worth looking at what laws were introduced as I believe if the TRNC did something similar confidence might be restored and we then might see an increase in buying and construction. It is also in the EU so you have more protection.



I would not buy in Bulgaria because it has a similar reputation to Cyprus and again the legal system gives you little protection. This is the crux, you can run into problems anywhere but is there an effective legal system to protect you?



Andre, I was by the way discussing North and South Cyprus as they seem to have the same problems.

LittleQueenie


Joined: 20/04/2011
Posts: 107

Message Posted:
26/06/2011 23:38

Of course i do not dispute the on going court cases, they would not be at court if nothing had happened.



I do dispute comments like 'do not buy in Cyprus'.. Yes there have been BAD developments and due to the size lots of people have been conned etc etc, however, on the whole everyone is not a con merchant here and people live happily here!



You speak as if I am stupid, I am not stupid, I am asking for all these facts, spreadsheets etc and no one will provide them so how am I meant to educate myself on the matter and no please don't tell me to trawl the internet.. You tell me these things so then show me the information please and I may change my tune!

0maintenance


Joined: 22/09/2010
Posts: 2179

Message Posted:
26/06/2011 23:38

Message 62



You say ( No one has a crystal ball and none of us can safely say that it is safe to buy. This is yet to be tested. )



Thats why i rented.i was not sure and still not sure.What made others buy if they was not sure??



The property market in the north will sink lower before it gets better,soon it will be an even more of a buyers market if you cut out the estate agents and of course do your due dilligence

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
27/06/2011 00:04

For those seeking evidence or statistics I would recommend reading Property Investment in the TRNC

from the Homebuyers Pressure Group Report. It is a report from 2007 and the only thing to have changed since this date is that the statistics given have grown mainly due to the amount of memorandums now identified.



I do not wish to belittle anyone's happiness in living in the TRNC. It really is the place to chill and I can perfectly understand why no one wants their bubble bursting. If you have had success in buying then thats great. But we need some reality here..........



The law needs changing to make property buying safe. The idea that some people were just not as gullible as others is ridiculous. If you paid any money before getting your PTP and deeds you left yourself wide-open. You did not tread diligently, it was merely luck.



Even the FCO has warnings about buying in Cyprus due to the property scams.

nostradamus


Joined: 15/04/2008
Posts: 557

Message Posted:
27/06/2011 09:33

Message 45 Susanna: you are completely wrong about tax on UK pensions. No, of course the TRNC does not tax money coming into the country from UK but, living permanently in the RoC entitles most people to get their UK pensions paid without the deduction of tax at source. This is definitely not the case in the TRNC as this country has no double taxation agreement with the UK and never will have as the TRNC is unrecognised. Furthermore, the RoC is one of only a handful of countries where you can live and get public service pensions from the UK paid without deduction of tax. As the start point for tax in the RoC is high, this means that very few retirees will pay any UK tax at all which can mean a substantial saving. I have friends who moved south for this very reason.

Whether you prefer to live in the north or south for any other reason is down to individual preferences but the tax situation is definitely more agreeable in the south.

andre514


Joined: 05/10/2010
Posts: 763

Message Posted:
27/06/2011 22:17

msg 69:



I am confused by your statement "if you paid...before getting your ptp"



surely, since it can take a year or two to get your ptp application granted,

would you really expect sellers or agents to wait that long for their money?



since we agree the legal system in north cyprus is not the quickest or most

efficient in the world should really we put our faith in "the law...changing"?



many properties in florida and elsewhere were bought via mortgages

and in the event of a price collapse or redundancy we have a problem



I do wish I had your belief in the crisis-torn and profligate eu beauracracy:

100,000 trusting buyers in the eu state of "cyprus" still won't get any deeds

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
27/06/2011 23:12

Hi Andre,

You stated:



"I am confused by your statement "if you paid...before getting your ptp"

surely, since it can take a year or two to get your ptp application granted,

would you really expect sellers or agents to wait that long for their money?



No of course I would not expect sellers and agents to wait a year or two before the buyer got PTP. I want a vibrant construction industry but I obviously want it to meet the needs of honest builders, as well as BUYERS. Is it not possible for the TRNC to speed up the PTP process or list the properties that they do not wish to sell to foreigners? Surely with a little more efficiency and organisation this would not be difficult. PTP is nothing more than a CRB check and assessing military proximity and assessing if it is genuine PRE 74? Why should this take 1-2 (some would argue 4-5) years? This would go along way to improving the safety of buying in the TRNC and is such a simple solution.

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
27/06/2011 23:23

Why can this not be achieved in say 3 months? Implementation requires the TRNC Government to change the way it currently works. But for such little change, would this not improve the confidence in the housing market and thus bring benefits?



You ask should we put our faith in the law changing? I would suggest that up to now there has been no willingness to change, despite people wanting to work in partnership to negotiate changes. However the ball is in their court and unfortunately so is the future of the construction industry.

andre514


Joined: 05/10/2010
Posts: 763

Message Posted:
28/06/2011 00:54

bradus,



reports from the ptp office suggests it is the army that sits on applications,

not so much the trnc government



anyway I doubt they are flexible enough to ever make ptp as straightforward

as say land searches in the uk domestic system



I'd even go some way with greek cypriot supporters happy to remind us that

this is all the inevitable result of a military occupation or presence etc etc...

where we would part company is my view that the gc's very much brought it

on themselves...hence the "conspiracy theories"



it is misleading to assume the authorities here lose much sleep over foreigners

property problems, they must have mixed feelings, and certainly bigger fish to fry



to understand the eastern way of thinking, picture an un-named aegean country,

whose m.e.p. claims that (despite needing a 110 billion euros bail-out)

the real fault lay with north european states who didn't "warn them" in good time

philbailey


Joined: 17/01/2011
Posts: 3534

Message Posted:
30/07/2011 01:25

Msg 60 , did you go to the k5 fund raiser ?