Occupied area in varosha, claim , sell?

Questions about selling property
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Iwishiwasincyprus
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Joined: 28 Oct 2020 13:17

Occupied area in varosha, claim , sell?

Post by Iwishiwasincyprus »

I hope somebody can advise me in this matter.

Cyprus issue hasent gone passed anyone I guess.

If, like us you own property, you have titles of the house/plot etc, how can i proceed if i like to sell, it must be someone who are thinking future investment, maybe a building company etc...
Nigel Howarth
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Re: Occupied area in varosha, claim , sell?

Post by Nigel Howarth »

Hi

I suggest you refer to my answer to an earlier query on this subject - Advice to sell title deeds in north Cyprus.

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Nigel Howarth
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Iwishiwasincyprus
Posts: 5
Joined: 28 Oct 2020 13:17

Re: Occupied area in varosha, claim , sell?

Post by Iwishiwasincyprus »

Thank you for your answer. I have heard about this way of selling, but i have also heard that they take a long time, sometimes up to years and in the end people who do apply dont get any compensation anyway.
It also is a expensive as I heard?

Does it make any diffrence that my dad was a UK citizen? I have heard that we then should go trough UK high comisson

Thanks for answers
Pantheman
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Location: Famagusta District
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Re: Occupied area in varosha, claim , sell?

Post by Pantheman »

Iwishiwasincyprus wrote: 15 Nov 2020 10:42 Thank you for your answer. I have heard about this way of selling, but i have also heard that they take a long time, sometimes up to years and in the end people who do apply dont get any compensation anyway.
It also is a expensive as I heard?

Does it make any diffrence that my dad was a UK citizen? I have heard that we then should go trough UK high comisson

Thanks for answers
Hello,

Makes no difference that he is a UK citizen. Forget the Property Commission, they don't pay, there are some 2000 cases that won the compensations and have still not been paid years after the decision. Turkey has no money to pay.

Furthermore, they only give you 1/5 or 1/6 of the value of the property with the TC lawyer demanding 10% of what you get, plus any intermediaries.

And especially whilst now they are calling for a 2 state solution you can never know what will happen to the land on the occupied side.
For all your property needs, we offer Trust, Integrity, Honesty.
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Iwishiwasincyprus
Posts: 5
Joined: 28 Oct 2020 13:17

Re: Occupied area in varosha, claim , sell?

Post by Iwishiwasincyprus »

So to be clear.. we are basically screwed... cant to anything exept waiting? Or is there people Who like to buy occupied land?
Iwishiwasincyprus
Posts: 5
Joined: 28 Oct 2020 13:17

Re: Occupied area in varosha, claim , sell?

Post by Iwishiwasincyprus »

Pantheman wrote: 15 Nov 2020 11:21
Iwishiwasincyprus wrote: 15 Nov 2020 10:42 Thank you for your answer. I have heard about this way of selling, but i have also heard that they take a long time, sometimes up to years and in the end people who do apply dont get any compensation anyway.
It also is a expensive as I heard?

Does it make any diffrence that my dad was a UK citizen? I have heard that we then should go trough UK high comisson

Thanks for answers
Hello,

Makes no difference that he is a UK citizen. Forget the Property Commission, they don't pay, there are some 2000 cases that won the compensations and have still not been paid years after the decision. Turkey has no money to pay.

Furthermore, they only give you 1/5 or 1/6 of the value of the property with the TC lawyer demanding 10% of what you get, plus any intermediaries.

And especially whilst now they are calling for a 2 state solution you can never know what will happen to the land on the occupied side.
So what can we do? Wait for 46 more years?
Pantheman
Posts: 618
Joined: 26 Jan 2008 14:44
Location: Famagusta District
Contact:

Re: Occupied area in varosha, claim , sell?

Post by Pantheman »

Iwishiwasincyprus wrote: 15 Nov 2020 11:39
Pantheman wrote: 15 Nov 2020 11:21
Iwishiwasincyprus wrote: 15 Nov 2020 10:42 Thank you for your answer. I have heard about this way of selling, but i have also heard that they take a long time, sometimes up to years and in the end people who do apply dont get any compensation anyway.
It also is a expensive as I heard?

Does it make any diffrence that my dad was a UK citizen? I have heard that we then should go trough UK high comisson

Thanks for answers
Hello,

Makes no difference that he is a UK citizen. Forget the Property Commission, they don't pay, there are some 2000 cases that won the compensations and have still not been paid years after the decision. Turkey has no money to pay.

Furthermore, they only give you 1/5 or 1/6 of the value of the property with the TC lawyer demanding 10% of what you get, plus any intermediaries.

And especially whilst now they are calling for a 2 state solution you can never know what will happen to the land on the occupied side.
So what can we do? Wait for 46 more years?
No one knows, better to just leave it for the grand kids or great great grand kids.
For all your property needs, we offer Trust, Integrity, Honesty.
FSB Properties Ltd
Registered and Licensed Real Estate Company Co. Reg. No. 795, Lic. No. 250/E
Member of ETEK Registration No. A201999
https://fsbproperties.com
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