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Can you help my friend buy a property

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» North Cyprus Property Development Reviews

» Property Buying Guide to North Cyprus



follydog


Joined: 18/01/2009
Posts: 287

Message Posted:
15/09/2011 16:44

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Message 1 of 29 in Discussion

Does anyone know of a property for sale either in Lapta or Alsancak that has it's cogan and is around 60,000stg please



tomsteel


Joined: 22/06/2009
Posts: 482

Message Posted:
15/09/2011 18:03

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Message 2 of 29 in Discussion

Do NOT buy here - rent!!



daisy dukes


Joined: 06/09/2008
Posts: 3815

Message Posted:
15/09/2011 18:06

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Message 3 of 29 in Discussion

You could buy my little renovated village house in Karsiyaka for £50k.....





DD



shankhill


Joined: 09/09/2011
Posts: 7

Message Posted:
15/09/2011 18:47

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Message 4 of 29 in Discussion

Are you interested in a 3 bedroom Penthouse in Kyrenia ( near Lapta Road ) for similiar price ??



e mail parther99@hotmail.co.uk



skurry


Joined: 04/02/2009
Posts: 81

Message Posted:
15/09/2011 19:24

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Message 5 of 29 in Discussion

another one gonna bite the dust.

advice =caution x 1000 times



magolina


Joined: 06/12/2008
Posts: 461

Message Posted:
15/09/2011 20:11

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Message 6 of 29 in Discussion

what ever you do dont use decozone agents in Alsanck



EamonnMc


Joined: 18/06/2010
Posts: 1019

Message Posted:
15/09/2011 20:53

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Message 7 of 29 in Discussion

They won't be friends of yours much longer if they get ripped off ! Extreme care is required by all who seek to purchase !



Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
15/09/2011 21:57

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Message 8 of 29 in Discussion

I would be very wary about recommending anyone to buy in the TRNC let alone a friend. How would you feel if she lost all her money or never got her home? Ended up with a memorandum on her property?



It is too risky and could ruin a friendship.



HildySmith


Joined: 02/07/2009
Posts: 1708

Message Posted:
15/09/2011 22:11

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Message 9 of 29 in Discussion

There are fantastic properties to rent at around £350 a month.

Look for them, they are out there

I know my Son and I both have one.



stevo-london


Joined: 23/10/2010
Posts: 253

Message Posted:
16/09/2011 15:06

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Message 10 of 29 in Discussion

There is a few reliable people out there, the way people go on and on about dont buy in cyprus baffles me....



problems occure all around the world, there are some very very very good agents out here who are proude to be promoting north cyprus



Ian Smith

Boray

Partners Abroad



good lawyers aswell; Funda, Hasan dagli, Tansel



just be wary as you would be in any country, follow the laws and you shall not have a problem



Visitor


Joined: 19/08/2010
Posts: 492

Message Posted:
16/09/2011 15:15

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Message 11 of 29 in Discussion

Agree with stevo. If you just put everyone off no one will be able to sell. A collapsed market will jsut never recover.



Its more abt learning and taking precautions.



Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
16/09/2011 15:44

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Message 12 of 29 in Discussion

No visitor, its more about changing the laws to safeguard property purchase. Whilst ever you have a system where there is no legal obligation to hand over the deeds upon completion, there will always be problems. A system that allows the builder to take out mortgages, even though he has been paid in full or one that permits memorandums to be placed on properties, will never promote confidence in the property market. It makes it a gamble when buying property.



You cannot take any precautions to avoid the above. These are massive loopholes in the law that need prompt attention. If the TRNC does not introduce changes to its laws then unfortunately the construction industry and all the other businesses reliant on this industry will pay the final consequences. It really is self-inflicted.



This is not about putting people off. Its about warning them of the real pitfalls that exist.



Visitor


Joined: 19/08/2010
Posts: 492

Message Posted:
16/09/2011 16:52

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Message 13 of 29 in Discussion

Not everyone is buying or selling new builds!

I think the advise by the pressure group base on learning experiences is good. Of course in the longterm what you want is a proper system. Purchase Procedure Guidelines - 'compiled from HBPG Experiences'



When we started the Homebuyers Pressure Group in September 2005 one of the organisations we visited was Baro (the Law Society of Northern Cyprus). They provided tips for us on the doís and doníts of entering into a Sales Agreement - see Purchase Procedure Guidelines, Since then we have learned a lot more doís and doníts.



DONíT



DON'T trust anyone or believe that they are acting in your best interests.



DON'T make a hasty decision Ė itís a buyerís market.



DON'T hand over any money until you are completely satisfied that your investment will be safe.



DON'T use an estate agent that is not certified to operate in the TRNC. The Cetificate should be displayed in their office. Take a note of the certificate



Visitor


Joined: 19/08/2010
Posts: 492

Message Posted:
16/09/2011 16:55

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Message 14 of 29 in Discussion

here is the link



http://www.hbpg-trnc.net/documents/purchaseguide_updated.html



martinD41


Joined: 06/09/2010
Posts: 3001

Message Posted:
16/09/2011 17:08

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Message 15 of 29 in Discussion

Here is another Link..





http://ukincyprus.fco.gov.uk/en/help-for-british-nationals/living-in-cyprus/buying-property-cyprus/buying-property-in-north-cyprus



Visitor


Joined: 19/08/2010
Posts: 492

Message Posted:
16/09/2011 17:11

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Message 16 of 29 in Discussion

Martin I agree people need to be aware even with so called exchange properties. But then again will a solution ever happen?



HildySmith


Joined: 02/07/2009
Posts: 1708

Message Posted:
16/09/2011 18:26

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Message 17 of 29 in Discussion

Bradus (12)

You are right on all points also:

Advocates do not have a Duty of Care by law and therefore often lie to clients and withold relevant info

The laws in place do not safeguard and protect property buyers

If builders build without a build permit (which is against the law) they should be punished by The Law and landowners who allow this, on their land, should also feel the full impact of the law.

There is no legal obligation to hand over the deeds upon completion

Builders shoul not be allowed to take out mortgages when the properties are sold and paid for.

Memorandums to be placed on properties without if any property has been sold

Buyers also have human rights

No one has any confidence in the property market. I

It is a gamble when buying property with very poor odds. You may get better odds in the Casinso.



martinD41


Joined: 06/09/2010
Posts: 3001

Message Posted:
16/09/2011 18:54

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Message 18 of 29 in Discussion

msg16 "Will a solution ever happen?"



I don't know, but even if it did there is no reason to assume the solution would be aimed at ratifying all ills done to some of the ex-pat community,in fact it might just go the other way..........



tomsteel


Joined: 22/06/2009
Posts: 482

Message Posted:
16/09/2011 18:58

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Message 19 of 29 in Discussion

DO NOT BUY! Take that from a fool who did and has been seen off despite intensive research, 'legal' contracts and 'legal' advice. Come and live in this fabulous place, but rent, only rent!



bazzagirl


Joined: 09/05/2010
Posts: 525

Message Posted:
16/09/2011 20:11

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Message 20 of 29 in Discussion

Hasan Dagli a good lawyer !!!!! No way he let us sign a contract that is as useful as a piece of bog paper, at the time he was working for Naomi Mehmet, looking back i found him very unhelpful and not a very friendly person at all never mind friendly lawyer, you've been warned.



Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
16/09/2011 21:56

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Message 21 of 29 in Discussion

Visitor,



How about don't enter into a contract without getting your PTP first? Is this not a don't from both Government and HBPG? Will someone inform me how to do this? Do they really think the developer will wait 2 years for this to happen?





La La land. They make up laws that are impossible to implement.



russianbabe


Joined: 19/08/2011
Posts: 130

Message Posted:
16/09/2011 23:06

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Message 22 of 29 in Discussion

do not buy

do not buy ,repeat x 100 000 000



philbailey


Joined: 17/01/2011
Posts: 3534

Message Posted:
17/09/2011 02:16

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Message 23 of 29 in Discussion

Reading on here

a "solution" will not help foreigners



juliamoons



Joined: 14/05/2009
Posts: 849

Message Posted:
17/09/2011 05:41

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Message 24 of 29 in Discussion

Message 20

"Hasan Dagli a good lawyer !!!!! No way he let us sign a contract that is as useful as a piece of bog paper, at the time he was working for Naomi Mehmet, looking back i found him very unhelpful and not a very friendly person at all never mind friendly lawyer, you've been warned. "



I totally agree, he also let us sign a contract which was not in our favour. I now find that 3 way contracts are not accepted by the tax office that take the stamp duty. Even though it has already been paid, a new two way contract is required and the stamp duty will have to be paid again.



Hasan Dagli is NOT a good lawyer.



tomsteel


Joined: 22/06/2009
Posts: 482

Message Posted:
17/09/2011 10:03

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Message 25 of 29 in Discussion

For the original poster. Get your friend to visit and stay in the TRNC and experience the many problems here. Then your friend can make his/her own decision and you will not have lost their friendship.



HildySmith


Joined: 02/07/2009
Posts: 1708

Message Posted:
17/09/2011 19:54

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Message 26 of 29 in Discussion

Sener Law firm =

The contract they (Mustafa and his wife Ayhan) set up for us was worse than 'used' toilet paper - you can see the crap on that!! Along with that we were lied to from day one.



Scoty


Joined: 23/05/2010
Posts: 846

Message Posted:
17/09/2011 20:25

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Message 27 of 29 in Discussion

follydog started ?????

and you all jump in!!!!!!!



HildySmith


Joined: 02/07/2009
Posts: 1708

Message Posted:
18/09/2011 21:08

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Message 28 of 29 in Discussion

Whilst you sit back and watch?



PropertyPool


Joined: 25/09/2011
Posts: 252

Message Posted:
26/09/2011 16:17

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Message 29 of 29 in Discussion

Hello,



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