Cyprus-Forum.com

[SKI-preo]

http://www.holidaylettings.co.uk/resour ... 2-58-2077/


Agents who sold property and land in northern Cyprus could face prosecution. Speculation is mounting that agents who sold land with disputed ownership in Turkish-controlled Cyprus could face legal action.

The comments were made after last week's Court of Appeal ruling, ordering a British couple to hand over their villa and land in the region to the original, Greek Cypriot, owner. It is thought that the judgement against Linda and David Orams could pave the way for scores of similar claims against Britons who bought land in northern Cyprus.

"It leaves agents potentially in the firing line, depending on what they've said and how they said it," Stefano Lucatello from The International Property Law Centre told Overseas Property Professional (OPP).

"Agents are in a very precarious situation and could be brought into the picture and attacked for misselling or misrepresentation and acting either negligently or fraudulently," he added. "We would need a test case against an agent to resolve the question and I'm sure they will be one."

The present situation arises from 1974, when the Turkish invasion of the region forced many Greek Cypriots to flee from their land. Much of this land was then resold to overseas investors.

"If the seller [selling the land/property to the current owners] owned the land before 1974, no problem. But if it was registered post-1974 in some form under the Turkish administration, then you've got a problem," concluded Lucatello.

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[Malapapa]

Agents who sold property and land in northern Cyprus could face prosecution. Speculation is mounting that agents who sold land with disputed ownership in Turkish-controlled Cyprus could face legal action.

Oh dear, oh dear. What an awful time such agents must be having now; their reputations shot, their future business operations in jeapordy and their previous business operations liable to result in legal proceedings and prosection.

[bill cobbett]

Dunno. The article speaks of "prosecutions" which are a matter for the RoC prosecution authorities who have shied away from such prosecutions (to date).

Remember everything we've seen in recent years are civil action,s brought by individuals and in the case of the Orams in a matter of tresspass.

[Malapapa]

Dunno. The article speaks of "prosecutions" which are a matter for the RoC prosecution authorities who have shied away from such prosecutions (to date).

And potentially UK (and other EU?) prosecution authorities, against UK (and other EU?) registered companies, for mis-selling to UK (and other EU?) citizens.

Remember everything we've seen in recent years are civil action,s brought by individuals and in the case of the Orams in a matter of tresspass.

No right-minded citizen is suggesting to the elected government (answerable to its citizens) that such prosecutions should be brought against TC individuals, themselves the victims of upheavel and displacement. Only, at this stage, against multi-national organisations, with EU assets, who have exploited the Cypriot tragedy, for commercial gain, and at a commercial risk.

[Gasman]

Agents who sold property and land in northern Cyprus could face prosecution. Speculation is mounting that agents who sold land with disputed ownership in Turkish-controlled Cyprus could face legal action.

Good. Without the greedy agents (many of them with offices in the UK) pushing these properties and telling lies about the situation hardly anyone would have even thought of buying a house in the TRNC. Most Brits with no Cypriot connections don't even realise Cyprus is divided, let alone know about all the land and property dispute stuff.

From what I've seen, it is more new builds on GC owned land that the ex pat Brits have gone for - not traditional old GC houses.

Off plan, dirt cheap villas with pools or apartment complexes with shared pools. Their only complaints a while back were that the promised access roads to them were never done, promised shops and facilities (even water and electricity in some cases).

They have bigger problems to worry about now. But my view is that the vast majority of them didn't invest more than 30 to 80K sterling (all prices were in sterling).

We hear of the odd expensive property but they are the exception rather than the rule over there. Whole stretches of new developments look not much nicer than some huge Brit council estate.

I read a couple of years ago that developers/agents were targetting people who did not own property in the UK, or owned very cheap property in the UK (or who would like to live in Cyprus but could not afford property in the RoC) - people who had never dreamed they would be able to retire in the sunshine and were building little terraced rabbit hutches for them to retire to.







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[paliometoxo]

some one should be held accountable for this and uk should not let them get away with it and by doing this countries are showing turkey they can do what they want and no one does anything but urge them and tell them on paper not to do something or to do something. and obviously it has had not much of a positive effect

[bill cobbett]

Dunno. The article speaks of "prosecutions" which are a matter for the RoC prosecution authorities who have shied away from such prosecutions (to date).

And potentially UK (and other EU?) prosecution authorities, against UK (and other EU?) registered companies, for mis-selling to UK (and other EU?) citizens.

Remember everything we've seen in recent years are civil action,s brought by individuals and in the case of the Orams in a matter of tresspass.

No right-minded citizen is suggesting to the elected government (answerable to its citizens) that such prosecutions should be brought against TC individuals, themselves the victims of upheavel and displacement. Only, at this stage, against multi-national organisations, with EU assets, who have exploited the Cypriot tragedy, for commercial gain, and at a commercial risk.

In the wake of the Orams ruling, there are many, many options for civil and indeed criminal actions.

... and yes wouldn't want to see actions against individual tissies, those who don't profit from the various Scams and who have merely found basic refuge in the homes of others.