turkcyp wrote:AS I have said it before, I do not know what the law says. But in practice no work is done on any of the above properties.
What do you mean no work is done? Actually a lot of work is done! Hundreds of GC properties in the north are illegally sold (under “TRNC” laws) to foreigners every day. If the holders and /or buyers of these properties can sell them so conveniently under “TRNC laws,” why would they want to pay extra money and double buy them (buy them a second time) from their original GC owners under RoC laws?
turkcyp wrote:I guess you do not read my posts carefully. I even gave myself as an example. And I am quite sure there will be other people who is interested in doing the same with the pre-74 owner of the property.
That requires that you are a holder of the property of the same person, who happens to be a holder your property in the south?
Alternatively you must come back in the south get your property re-instated to you, sell it and with the money you get you must go and find the owner of the GC property that you currently hold in the north and offer to buy it. However this will not be possible because you will not have your property reinstated because you currently hold a GC property in the north.
My point is, what guarantee is there, that after your property in the south is reinstated to you (after you reside formally and permanently for 6 months in the south) and thus you are allowed to sell it, you will infact go and buy the property you have in the north from it’s original GC owner? You may as well ignore the original GC owner and sell this property to anyone else (including a foreigner) under “TRNC” laws?
The way (as you suggest it) is technically and potentially giving you (any TC) the possibility to sell both properties and make double revenues. Sell your property in the south under RoC laws and then sell the GC property that you have in the north under “TRNC” laws.
Do you see my point?
turkcyp wrote:I have been told by a real-estate agent in south (and yes he was a GC). I was interested in buying property in south. And I have been told that because I was a TC my purchase will not be put into process by government officials in RoC.
As I have said, I do not know if he was lying or if this is not the law but an unspoken practice but this is what I have been told.
If you can give me his details, I will go and award him the gold medal of misinformation.