Cyprus-Forum.com

[zan]

nice to hear..although doesn;t make much difference to me. Tell you something ou might not know though. The govt is letting people borrow up to 10% of the mkt value of their occupied land with only 2% interest over here. Must be some logic in that other than making sure that in case of a default the banks end up owning the GC land in the north in case of a solution.

Actually DT, that may not be a bad thing after all. If the bank ends up with the GC land, knowing full well that it was a GC land, then the rightful owners can sue the bank for their property or it's worth in a settlement.

Perhaps it's a ploy by the "TRNC" to get back as much GC land as possible at the least possible cost, from those that GC land was given to "free" or in "land exchange", so that it can be given back to the GC's in a settlement or to those who are going through the "TRNC" land commission.. "TRNC" will just pay the bank on what little money it has lent out, but never got it back, because the borrower bought himself a flashy BMW, but forgot that the car also needs petrol and maintenance.

One of us has got the wrong end of the stick or I am not understanding what you wrote. DT said the banks over here meaning in the south so the TRNC/KKTC has got nothing to do with it?????

Having re-read what DT wrote Zan, looks like I'm the one who got the "shitty" end of the stick. I actually thought, that the "TRNC" was up to something good in case there was to be a settlement.

Sorry, I messed up.

Too eager son...Too eager

[Pyrpolizer]

there are only three serious possible outcomes

1. continuation of the status quo, with partial recognition and end of the isolation
2. a new version of the AP with a few changes





3. a referendum will take place according to which all cypriots will choose where they want to live - tc state, gc state , and the mixed gc-tc state which will be declared as the Republic of Paphos/Baf. Cyprus will be partitioned to three. this option has been already proposed here and it has received significant support from forum members

At least say "imo"! Unless of course you got coronated the Queen/King of all seriousness for 1&2.

[Pyrpolizer]

nice to hear..although doesn;t make much difference to me. Tell you something ou might not know though. The govt is letting people borrow up to 10% of the mkt value of their occupied land with only 2% interest over here. Must be some logic in that other than making sure that in case of a default the banks end up owning the GC land in the north in case of a solution.

I am not sure how is that DT although I did hear something about it.

Something rings my memory that it's not the government that gives the loan, but the commercial Banks or is it the housing finance organisation? And in any case the loan is only for housing in which case you have to put the land and your new house under mortgage,no?

So in the end even if you cannot pay, your own land in the occupied remains intact.

Could someone please clarify these?