Property Law Reform

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
20/11/2008 10:19

I understand that the new immoveable property bill will allow foreign buyers to buy up to 5 Donums of Land. The new bill provides freehold and long term leasehold ranging from 10 to 99 years for foreign property buyers and investors.

Does anyone know when is this effective from?

cocos


Joined: 04/04/2008
Posts: 129

Message Posted:
20/11/2008 10:52

Instead of making constructive reforms like changing the specific performance law and actually enforcing the other laws here, they bring out new laws which don't do anything to give buyers protection. Why do they think people would want to buy 5 donums now when they can't get the kocans for the 1 donum they already have?

Dixie Normus


Joined: 22/02/2008
Posts: 820

Message Posted:
20/11/2008 12:02

I think its an attempt to get more coffers in the chest, a desperate attempt to bring in outside investment that has not been fully thought out, who in the right mind will invest here looking at the past performance of treatment to forigen buyers. When existing laws are adhered too and enforced we may see trust develop, until then they are peeing in the wind.



D.N

mountbatten


Joined: 12/04/2008
Posts: 102

Message Posted:
20/11/2008 12:59

cocos,spot on

negativenick


Joined: 10/11/2008
Posts: 6023

Message Posted:
20/11/2008 14:00

Good comment Dixie...

stevemac


Joined: 21/07/2008
Posts: 99

Message Posted:
20/11/2008 14:07

Both Cocos and Dixiennormos are spot on. When will they learn?

negativenick


Joined: 10/11/2008
Posts: 6023

Message Posted:
20/11/2008 15:10

don't wan't to sound negative, but far too much talking and not enough action over here for my liking.....





Nick

PtePike



Joined: 20/05/2008
Posts: 2334

Message Posted:
20/11/2008 20:32

Doyen,



Sure this isn't yet another coffee shop rumour being peddled as fact?

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
20/11/2008 20:57

DN,



Words of wisdom, as usual.



A kocan from an illegal state is worthless, according to our friend Pvt Pike.



Mr Talat will illucidate, in due course!, ...no doubt.



wyn

no1doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
20/11/2008 21:03

PP.IIt was in the Famagusta Gazette. (If you can believe everyything you read! ).

Trust you had an eventfull day by the way

PtePike



Joined: 20/05/2008
Posts: 2334

Message Posted:
20/11/2008 21:09

Very interesting court case so spent the day up there with a snapper. They call it dogging, apparently.

no1doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
20/11/2008 21:11

Dogging! A voyeurs delight!

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
20/11/2008 21:35

PP,



I thought that might appeal to you!



wyn

ronaldo


Joined: 14/11/2007
Posts: 372

Message Posted:
20/11/2008 21:44

a pikey going dogging ! surely its against the law?

karakum5c



Joined: 18/03/2008
Posts: 1021

Message Posted:
21/11/2008

These sailors have got the traditions of the Royal Navy to uphold. In a storm any port will do as they say.

mitsi


Joined: 14/08/2008
Posts: 345

Message Posted:
21/11/2008 11:59

Excellent D.N. We have got to get away from this "Soft Touch" image of the Brits. There is No such thing as a free lunch and all that glisters IS NOT GOLD.

cocos


Joined: 04/04/2008
Posts: 129

Message Posted:
21/11/2008 17:27

This was an excellent, observant letter in Cyprus Today last week addressing the property crises

http://www.hbpg-trnc.net/documents/Press/CT151108_letter_justice.html

The writer offers the solutions that need to be made to all the property problems here once and for all. Why oh why won't the government/estate agents/lawyers listen once and for all?????

comodore1


Joined: 12/03/2008
Posts: 19

Message Posted:
21/11/2008 21:59

Many thanks to cocos for the link to HBPG, I had the honour to sit with Marion Stokes who has championed the the cause to protect the rights of buyers from whichever country they hail from.

I agree with every thing that was written in that artical , and whoever wrote it certainly has a good view as to the route that should be taken to correct all the injustice which a majority of buyers including myself have had to suffer.

I sincerely hope that this goverment starts to put the boot in where it is needed and sort out the wrongs that have been inflicted.

The goverment should be aware that other countries ,ie Tunisia for one have started to attract large numbers of buyers and have a good system to help a buyer when purchasing property,also a lot cheaper.

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
21/11/2008 22:16

Marion is a true child of the Universe. She gave selflessly of her time. without thought for her own considerable problems. I too like comodore1 feel honoured to have shared a table with this lady. Our very best wishes Marion.



John and Julie

paddy1966


Joined: 29/06/2008
Posts: 37

Message Posted:
21/11/2008 23:12

Karakum5c



"THE SENIOR SERVICE" have got the traditions of the Royal Navy to uphold



Tamam

stevemac


Joined: 21/07/2008
Posts: 99

Message Posted:
22/11/2008 10:25

This is an excellent letter and really sums up the current situation for buyers and the changes that need to take place to get the economy here back on track. This problem is killing the economy here and with the current global financial crises it can only get worse unless the government pull their fingers out and act now.