Is there hope for foreign Buyers in NC?

Howmuchlonger


Joined: 08/11/2008
Posts: 61

Message Posted:
08/11/2008 18:20

New here so please be gentle!

I have seen the 2 Cyprus Today articles below on 11th and 25th October respectively and I'm surprised they haven't been a subject for discussion on this board. Maybe they don't mean what I think they mean? Does anyone know anything about the 'new law' that's apparently been passed to improve the NC market for foreigners by shortening the PTP to max 3 months and allowing the purchase of 1 property without the restriction of only 1 donum?

http://www.hbpg-trnc.net/documents/Press/CT111008.html

http://www.hbpg-trnc.net/documents/Press/CT251008_newlaw.html

karakum5c



Joined: 18/03/2008
Posts: 1021

Message Posted:
08/11/2008 18:53

The TRNC are good at passing new laws but hopeless at enacting them. Usually when they say something will change nothing changes at all.

no1doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
08/11/2008 19:00

In other words if things don't change they'll stay as they are. However if things do change they won't be the same.

Pipie


Joined: 05/01/2008
Posts: 5499

Message Posted:
08/11/2008 19:17

'' Crikey'' to be or not to be that is the question lol !!!!!

Hector


Joined: 26/08/2008
Posts: 2352

Message Posted:
08/11/2008 19:41

Not that we are cynical or anything like that with regards the laws in NC, unfortunately past experience comes to the fore. The short answer to your main question as to hope for foreign buyers is 'extremely unlikely.' You'd think that the newspaper would actually be able to publish what the new law is considering it's allegedly been passed but then it is North Cyprus.

The butler


Joined: 22/06/2007
Posts: 1958

Message Posted:
08/11/2008 19:47

This is really good news if it is true, The government is going to have to do something urgently if it is to stop the construction industry grind to a halt.

Marion Stokes is right in what she says, that the mess that they have created needs clearing up first and they can start by giving us our ptp been waiting for 2.1/2 years and also make our developer clear the bank loan he has taken out on ours and other peoples homes.



The Butler

Hector


Joined: 26/08/2008
Posts: 2352

Message Posted:
08/11/2008 19:49

Even better, why don't they scrap PTP altogether? Complete nonsense & certainly wouldn't survive EU law.

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
08/11/2008 20:45

If things don't change, they will be the same!



My opinion thats all,



wyn

Lemtich



Joined: 15/02/2007
Posts: 1487

Message Posted:
08/11/2008 21:01

As I was coming down the stair



I met a man who wasn't there.



He wasn't there again today.



I wish that man would go away!



Lem

Turtle


Joined: 28/05/2007
Posts: 2669

Message Posted:
08/11/2008 21:06

Can't really understand why bring in new laws when they are locked in talks that may change everything anyway ?

no1doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
08/11/2008 21:09

Lem - brilliant !

Hector


Joined: 26/08/2008
Posts: 2352

Message Posted:
08/11/2008 21:20

Shows you how much faith they have in the talks, doesn't it?

Turtle


Joined: 28/05/2007
Posts: 2669

Message Posted:
08/11/2008 21:51

Faith is one thing but reality is something totally different ?

eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
08/11/2008 22:49

Could this be used as an analogy?

Its like a blind man

going into a darkened room

looking for a black object

that isn"t there.