halil wrote:parliamentary commission in the Turkish Republic of Northern Cyprus (KKTC) began discussions this week on a bill that would allow Greek Cypriot property owners to sell their property in the KKTC to the current residents.
News Diplomacy
Turkish Cypriot bill permits sale of Greek Cypriot property to residents
A parliamentary commission in the Turkish Republic of Northern Cyprus (KKTC) began discussions this week on a bill that would allow Greek Cypriot property owners to sell their property in the KKTC to the current residents.
The bill is another step by KKTC officials to resolve the property disputes that complicate settlement efforts in Cyprus, divided between a Greek Cypriot south and a Turkish Cypriot north. In 2006 KKTC authorities announced the formation of a special committee to handle property complaints from Greek Cypriots and provide, when deemed necessary, compensation for the property they had to abandon in the Turkish north following Turkey's intervention in the island in 1974.
The new bill, if enacted in parliament, will provide a further remedy to property complaints from Greek Cypriots. It allows sale of the property to current users by former Greek Cypriot owners provided that the users have been in possession of the property for at least three years. The KKTC parliament's Legal and Political Affairs Commission began discussing the bill on Wednesday, the Anatolia news agency reported, but it was not clear when it will be brought to the parliament floor for a vote.
Property disputes constitute one of the most complicated aspects of the decades-old Cyprus problem. Cyprus' continuing division is an obstacle for Turkey's efforts to join the European Union.
So, let me get this straight. Anyone who has been living on a GC land or property will have the option to buy the GC out, if the GC owner is willing to sell. So far so good.
So, if someone built a home on a donum of GC land that they bought for dirt cheap prices, will now have to pay today's going rate for that land, which may be in the thousands. I can't wait to see the expression on the faces of all the foreigners when this happens. So, what is to stop these people of not wanting to buy out the original GC owner and just ignore them and continue living on the GC land that they bought for dirt cheap.??
So we are back to the "property commission board" that has proven to be unworkable.
It allows sale of the property to current users by former Greek Cypriot owners provided that the users have been in possession of the property for at least three years.
Well here is the catch, it seems. To avoid having to buy out any GC from their property, all one has to do, is to turn over the property once every 2 years and 364 days.!! This is not about solving anything that has to do with GC properties but more like generating cash for the "TRNC" through money collected on selling and buying properties in the North. This may well be, because the property market in the North is drying up, so the present properties needs to be
"regurgitated" to bring much needed funds to the "TRNC". This is not about helping the GC's, but rather trying to rip off all the "property owners" who are now occupying GC properties, which most happens to be TC's and the settlers, as well as some foreigners. This has to be an idea given birth to by the real estate agents to keep themselves in business who may have convinced the politicians on how much money this will generate for the "state" through taxes and fees.
Very clever indeed.
