Avanapa wrote:I was surprised to see adverts on the net for luxury villas being sold in various areas of Northern Cyprus. I know you occasionally see this happening but the surprise was that it was Villauno. They are one of the biggest overseas property companies in Europe with huge portfolios in Spain, Italy & Greece. The properties were 3 bed villas 50m from the sea and were going for 84,000 sterling. I,m totally confused now as I thought it was illegal to purchase there. Anyone have a view on this?
Avanapa wrote:I was surprised to see adverts on the net for luxury villas being sold in various areas of Northern Cyprus. I know you occasionally see this happening but the surprise was that it was Villauno. They are one of the biggest overseas property companies in Europe with huge portfolios in Spain, Italy & Greece. The properties were 3 bed villas 50m from the sea and were going for 84,000 sterling. I,m totally confused now as I thought it was illegal to purchase there. Anyone have a view on this?
halil wrote:The most crucial factor in buying property, whether it be land or buildings, is to use a qualified lawyer in all cases for all contracts and Government applications. There are various forms of title deeds, as described below:
The Title Deeds
There are three different types of Title Deeds ("Kocan" in Turkish) available in Northern Cyprus:
Freehold Title (Foreign or Turkish)
TRNC Title (Esdeger or Tahsis)
Leasehold Title
FREEHOLD - FOREIGN TITLE
This is property owned by European residents, (eg. British, German, Dutch). The title deed is internationally recognised. There are a number of checks to be carried out by the Council of Ministers, which means the sale will take approx.
6-12 months to complete.
FREEHOLD - TURKISH TITLE
This is property Turkish Cypriots owned prior to 1974. Foreigners are limited to one dönüm per person (husband and wife count as one person unless they have different surnames). There are a number of checks to be carried out by the Council of Ministers, which means the sale will take approx. 6-12 months to complete.
TRNC TITLE - ESDEGER
The property with TRNC Title Deed was previously Greek Cypriot owned prior to 1974 - before the war. Again there are a number of checks to be carried out by the Council of Ministers, which means the sale will take approx. 6-12 months to complete. When the Turkish Cypriot refugees came to the safety of the north after July 1974, they left all their possessions behind in the south. Accordingly, the Government then assessed on a points basis, the value of the refugee's forsaken assets in the south. With these points, the Turkish Cypriot refugee could take a relinquished Greek Cypriot house or land in compensation for his lost properties.
Regarding to 1977-1979 Nicosia Summit which was signed by Mr. Denktas (Turkish Cypriot Leader) and Mr. Makarious (Greek Cypriot Leader) under United Nations provision; division of the island, Greek Cypriots moving to South and Turkish Cypriots moving to North was agreed and signed. Any further agreement is going to be based on this agreement; was also agreed and signed.
TRNC TITLE - TAHSIS (TMD)
Again, the property with TRNC Title Deed was previously Greek Cypriot owned prior to 1974 - before the war. And, there are a number of checks to be carried out by the Council of Ministers, which means the sale will take approx. 6-12 months to complete. This type of land was given to the families from Turkey as a compensation for the lives of the soldiers who died while trying to save the lives of the turkish Cypriots.
LEASEHOLD TITLE
The Government owns this property. Long-term leases are granted for 49yrs. You can apply directly or via a solicitor to the Ministry of Tourism to transfer the lease.
TRNC TITLE - ESDEGER
The property with TRNC Title Deed was previously Greek Cypriot owned prior to 1974 - before the war. Again there are a number of checks to be carried out by the Council of Ministers, which means the sale will take approx. 6-12 months to complete. When the Turkish Cypriot refugees came to the safety of the north after July 1974, they left all their possessions behind in the south. Accordingly, the Government then assessed on a points basis, the value of the refugee's forsaken assets in the south. With these points, the Turkish Cypriot refugee could take a relinquished Greek Cypriot house or land in compensation for his lost properties.
TRNC TITLE - TAHSIS (TMD)
Again, the property with TRNC Title Deed was previously Greek Cypriot owned prior to 1974 - before the war. And, there are a number of checks to be carried out by the Council of Ministers, which means the sale will take approx. 6-12 months to complete. This type of land was given to the families from Turkey as a compensation for the lives of the soldiers who died while trying to save the lives of the turkish Cypriots.
Kikapu wrote:
TRNC TITLE - ESDEGER
The property with TRNC Title Deed was previously Greek Cypriot owned prior to 1974 - before the war. Again there are a number of checks to be carried out by the Council of Ministers, which means the sale will take approx. 6-12 months to complete. When the Turkish Cypriot refugees came to the safety of the north after July 1974, they left all their possessions behind in the south. Accordingly, the Government then assessed on a points basis, the value of the refugee's forsaken assets in the south. With these points, the Turkish Cypriot refugee could take a relinquished Greek Cypriot house or land in compensation for his lost properties.
TRNC TITLE - TAHSIS (TMD)
Again, the property with TRNC Title Deed was previously Greek Cypriot owned prior to 1974 - before the war. And, there are a number of checks to be carried out by the Council of Ministers, which means the sale will take approx. 6-12 months to complete. This type of land was given to the families from Turkey as a compensation for the lives of the soldiers who died while trying to save the lives of the turkish Cypriots.
Halil,
The above practices are not legal, even if they are carried out in the "TRNC". It is these kinds of practices that is creating the "corrupt society" in the "TRNC".
Don't you agree.??
halil wrote:Kikapu wrote:
TRNC TITLE - ESDEGER
The property with TRNC Title Deed was previously Greek Cypriot owned prior to 1974 - before the war. Again there are a number of checks to be carried out by the Council of Ministers, which means the sale will take approx. 6-12 months to complete. When the Turkish Cypriot refugees came to the safety of the north after July 1974, they left all their possessions behind in the south. Accordingly, the Government then assessed on a points basis, the value of the refugee's forsaken assets in the south. With these points, the Turkish Cypriot refugee could take a relinquished Greek Cypriot house or land in compensation for his lost properties.
TRNC TITLE - TAHSIS (TMD)
Again, the property with TRNC Title Deed was previously Greek Cypriot owned prior to 1974 - before the war. And, there are a number of checks to be carried out by the Council of Ministers, which means the sale will take approx. 6-12 months to complete. This type of land was given to the families from Turkey as a compensation for the lives of the soldiers who died while trying to save the lives of the turkish Cypriots.
Halil,
The above practices are not legal, even if they are carried out in the "TRNC". It is these kinds of practices that is creating the "corrupt society" in the "TRNC".
Don't you agree.??
Kikapu,
i just gave a information.what kind of the deeds are used. i am not a judge to say anything about.we will see what will happen at future. İt looks everything depends on the solution of the Cyprus problem.One way or the otherway one day they can find soluton for all of it. Both sides has got different plans .
İ dont agree with u that we have corrupt society, we used to have worst days before 74. now we have our own police, our own regulations, living standarts , when i go to bed i know that no one will knock my door to kill me. since 74 i live inconfort and secure.
does'nt meant we have to stay like that. we must find solution as well.
halil wrote: ...The property with TRNC Title Deed was previously Greek Cypriot owned prior to 1974 ....
BigDutch wrote:halil wrote: ...The property with TRNC Title Deed was previously Greek Cypriot owned prior to 1974 ....
So on a technical aspect, did the RoC Land Registry provide copies of all the land registry records for the occupied areas to the Turkish forces to allow an accurate picture of who owned what at a certain cut-off date ?
The reason i ask is that if i say owned Kyrenia plot #3015 in 1974 which was 5 donums, as the owner of plot#3015 i have a copy of the RoC deed (which doesn't show my ethnicity) so how do the "TRNC land registry" know for sure that #3015 is to be given a "TRNC Title Deed" rather than is actually a "Freehold Title (Foreign or Turkish)" ?
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