U.K. Couple Must Demolish Cyprus Home, EU Court Says (Update1)
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By Stephanie Bodoni and Simon Packard
April 28 (Bloomberg) -- Thousands of property investors may be in danger of losing vacation homes in the northern part of Cyprus after the European Union’s top court ruled that a Greek Cypriot can reclaim land once owned by his family.
The European Court of Justice in Luxembourg today said that a judgment from the Republic of Cyprus in the south ordering a U.K. couple to demolish their house must be recognized by EU countries even if it concerns land in the northern part of the island.
The plaintiffs, Linda and David Orams, invested 160,000 pounds ($230,000) in a holiday home in Lapithos, a region in the north occupied by Turkish troops since 1974. The case, which has bounced from courts in Nicosia to London to Luxembourg, has implications for many of the 22,000 foreign investors, mostly from the U.K., said Marian Stokes, the founder of a group that advises owners of homes in the region.
“It’s absolutely gutting,” said Stokes of the Homebuyers’ Pressure Group. “It’s so sad, because people stand to lose so much money.”
The Oram’s lawyer, Hasan Vahib in London, didn’t respond to a request for comment.
A Cypriot court ordered the Orams to tear down their property in the Turkish Republic of Northern Cyprus, return the land and pay damages to Meletis Apostolides, an architect whose Greek Cypriot family originally owned the land.
EU Nations
Apostolides applied to have the judgment recognized in the U.K. which would allow him to seize the couple’s assets. He argued that since the U.K. and Cyprus were both EU member nations, the ruling was enforceable across the region. this is for you knucklehead...Cyprus, a British colony until independence in 1960, is split between the Republic to the south and the self-declared Turkish Republic of Northern Cyprus that resulted from the Turkish military occupation.
In southern Cyprus, a decade-long construction boom, illegal development and an under-resourced planning administration have created a bottleneck of 65,500 owners awaiting title deeds to the properties they purchased. Some have waited for years to receive their title deeds.
The case is C-420/07 Apostolides v Orams.
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