by Kifeas » Thu Mar 31, 2005 11:29 pm
Viewpoint,
I come from Lapithos and I have about 10 donums of Land right on the seashore. In the south I was not given any TC land, or anyone else from my family, simply because there wasn’t enough TC land for all GC refugees to take. (If you might be aware, the ratio in terms of area -not value, between TC land left in the south and GC land left in the north, is close to 1: 3.7)
My Land was in a very prominent situation and I was planning, should a solution was agreed, to build a hotel or something similar. Equivalent land in the south, worth, at least, about UK£200,000 /donum, and the total about two million UK pounds. Should I had this land during all these years, I could have built this hotel let’s say 15 years ago. That means I could be making a third (1/3) of a million Cy£ of profit per year. This land was given to a family of TCs who moved from a mountain village in the south called Akoursos. In this village, which is in the mountains about 30 kms from Pafos, the family (they were shepherds) left behind a property of about 6 donums of dry and rocky land. After I met them in 2003, they told me about their land in the south and I contacted an investigation in the land registry. I located the land and I found also some GC ex-co villagers who also happened to own similar land in the surrounding areas of the TC family. I pretended that I was interested to buy some land from them (GCs) and some of them happily offered to sell me, even better land than the TCs have, for about UK£2,500 per donum.
In the mean time, the TC family that currently holds my land in Lapithos sold to one TC developer from Kyrenia (they also gave me his name) the 3 best, front of the sea located, donums for about UK£20,000 per donum (UK£60,000 all together.) Remember, the market value of similar land in the south is about UK£200,000 per donum and also similar pre-1974 TC land in Lapithos was at that time (2003) about UK£100,000 per donum. This TC developer sold, on the plans, and is currently building, 3 villas of about 180 sq. m each and with swimming pool. The Villas, as I was told by the developer himself, were sold to some UK citizens for about UK£80,000 each, obviously together with the land.
The remaining land (7 donums,) if it will ever be given back to me, is totally destroyed for the purpose I intended to use it, i.e. built a hotel, because the front part that is attached to the sea, is being sold as villas to the British.
The TC family’s only available land in Akoursos, with the most favorable estimation and valuation, does not exit UK£15,000. The British bought 3 donums of my land together with the 3 villas for UK£240,000, while only the value of the land used, worths UK£600,000 by “south” market prices and about UK£300,000 by current “north” market values of TC pre-1974 owned land. Bear in mind though here, that, in case and once a solution is agreed and "north" joins E.U., this “north” current market values will almost immediately rise up to nearly reach “south” market values, if not exit them in some cases.
How much should I be compensated with, and by whom?
What do I do?
PS: All the facts and figures I gave above are double checked and undisputable.