Cyprus-Forum.com

[RichardB]

Until recently I was of the opinion that a fair solution to the 'property problem' in Cyprus was for anyone with property in the north of the Island should be offered a fair price for their property (based on current value) to enable them to purchase property in the south.
While browsing the forum I have seen this 'solution' proposed a fair few times.

I have been pondering over this for a while and can see what could be a big problem.

This is that if we accept that the number of refugees still with a claim to property in the north is 200,000
Then taking even an average of 10 persons per family then there could well be 20,000 persons with compensation looking for properties / plots of land in the south.

I am sure that at any one time there is no way that 20,000 properties / plots are available for sale.

Therefore demand would exceed supply thereby pushing the prices of property sky high ( good for those with property for sale but not so good for those trying to purchase be it refugees or young persons)

I feel that this could lead to severe economic problems in the ROC

Anyone got any opinions on this?

ps I should say that this could work both ways with T.Cs claiming compensation and trying to purchase in the north

[andri_cy]

Wow Richard it never crossed my mind but you are right. That would create huge problems.

[souroul]

not for sale, thanks bye

[andreasv]

The fair solution is for refugees to be allowed to return to their villages...... claim their land and do what ever they wish to do with it.....likewise Turkish Cypriots to return to their homes and land in the south and do what they wish with theirs. One government one peoples to manage Cyprus representatives from all commnuity groups. Turley ought to ship its army personnel out and allow all Cypriots to live in Harmony......

[Piratis]

Until recently I was of the opinion that a fair solution to the 'property problem' in Cyprus was for anyone with property in the north of the Island should be offered a fair price for their property (based on current value) to enable them to purchase property in the south.

Richard, our country is not for sale. We have 3500 years of history in all parts of our island. Taking money to give up part of our country would amount to treason.

Refugees should be allowed to return to their own properties and there should be only a few exceptions to this rule to accommodate the Turkish Cypriots as possible .

The Turkish settlers should be compensated by Turkey to buy new homes in Turkey. The foreigners who illegally bought GC land will pay the price of their greediness.

[Sotos]

Richardb the refugees that will not be able to return maybe they will be given Turkish Cypriot properties of similar value. Those properties are not in the market for sale today. But I agree that our refugees should return to their homes!!

[Pyrpolizer]

POSTED ELSEWHERE BUT RELEVANT.
THE WISE GUYS THINK WE WILL SELL THEM OUR COUNTRY.

That means not everybody will have the right to return as they please. That means that some will have to accept compensation in the form of money or in the form of another piece of land left behind by their Turkish Cypriot "brothers". Yes, we want to live as brothers but rebuilding confidence and trust will take time and it will be piece by piece.

So what you are actually saying is because during the 60s some no more than 1000 TCs were killed in events they were equally responsible, the remaining 120,000 TCs have today the right to live in safety, as if the same conditions of the 60s exist today. I can also say that because of the 6000 GCs killed during the Invasion the 180,000 GC refugees have the right to live in safety as well, as if the conditions of 1974 exist today, residing and owning the lands you stole from them.

You arbitrarily translate this sort of safety for the TCs as meaning the 180,000 GC refugees will have to exhange their properties with the properties the TCs left in the free areas. Facts say that those TC properties are not enough tro even cover in value the properties of even 15,000 GCs. So you suggest that the remaining 165,000 get compensation. In other words you want most of the results of the 1974 invasion to be transformed from illegal upsupring to a financial debt that only God knows who and when will ever pay.

That could perhaps be a deal if you could guarantee those refugees the availability of other privately owned land to purchase in which they would live in safety. Fact is there is no such land.
In conclussion you want those 165,000 GC refugees to sell you their Country. Because what makes a Country is ones owned lands and properties. WE DO NOT ACCEPT! How about you selling us your lands and properties?

So you have to take out of your mind this misconception that your right to live in safety, should mean that ANY GC should be forced to sell you his property. It is absolutely unrelated and I tell you no Government in the World can sign such a deal taking this right away from me. Otherwise I will go to the ECHR and trash the whole aggreement.

[Pyrpolizer]

But I admit ANNAN was wiser.

He also expected us to compensate ourselves.

[cypezokyli]

Until recently I was of the opinion that a fair solution to the 'property problem' in Cyprus was for anyone with property in the north of the Island should be offered a fair price for their property (based on current value) to enable them to purchase property in the south.
While browsing the forum I have seen this 'solution' proposed a fair few times.

I have been pondering over this for a while and can see what could be a big problem.

This is that if we accept that the number of refugees still with a claim to property in the north is 200,000
Then taking even an average of 10 persons per family then there could well be 20,000 persons with compensation looking for properties / plots of land in the south.

I am sure that at any one time there is no way that 20,000 properties / plots are available for sale.

Therefore demand would exceed supply thereby pushing the prices of property sky high ( good for those with property for sale but not so good for those trying to purchase be it refugees or young persons)

I feel that this could lead to severe economic problems in the ROC

Anyone got any opinions on this?

ps I should say that this could work both ways with T.Cs claiming compensation and trying to purchase in the north

it is not that extreme since :
- at least half of the refuggees will receive back their properties in case of a solution

- assuming that tcs are also compensated for the land they left in the south, then there would be some more land available (for sure less, but nevertheless, it will increase "supply")

- the booming of prices already happenned after the war. the non-refuggees cypriots (unintentionally ofcource) saw the prices of their pieces of land, to rise, since "supply" as you call it was reduced by 40%. and demand rose after some time (when refugees found jobs etc)

- the land and house prices in cyprus, are already too high. banks already had to change their loaning policies. if they continue to be that high , low incomers, and even middle incomers will have serious problems to by property in the future.

- actually the predictions were that in the case of a solution the prices would have fallen , bc it would become easier for foreigners to purchase land in the north (i.e. increase in supply, for foreigners). assuming that foreigners are one of the important factors that currently keep the prices high in the south, the pressure from the demand side would be reduced. that according to some people , can explain the high % of the NO vote in paphos

[Pyrpolizer]

assuming that tcs are also compensated for the land they left in the south, then there would be some more land available (for sure less, but nevertheless, it will increase "supply")

There goes even the tiny real land available for exchange. Gone with the wind.
My dear aren’t you just in a possition to understand why Countries are not for sale?
Do you think it would be very difficult for Turkey to assign some of her all powerful unions to purchase those lands at any price?