It is being sold by a company called seaterra if you have heard of them
I see their ads all over the internet. They gain a lot from illegally selling stolen Greek Cypriot properties so they can advertise a lot.
This is what they say in their own website:
Is it safe to buy in Northern Cyprus?
It is safe to buy in North Cyprus provided the right title deed applies to the property. There are three types of freehold title in North Cyprus.
Pre 1974 Turkish Title. This is OK, but very hard to find now. TRNC Esdeger (Exchange) Title. This means that the Turkish Cypriot owner has been given this land in exchange for the equivalent piece of land they owned in the South. This type of land is increasingly hard to find, especially close to the sea. TRNC TMDTitle . This is where no exchange has taken place, and therefore there may be some compensation payable as part of some future political settlement to theCyprus issue. Most developments are being built on TMD land. As a company we prefer to buy in most cases Exchange land, despite it being more expensive.
There was never any "exchange" of land. The only land you can legally buy in the occupied part of Cyprus is land owned by a Turkish Cypriot with a pre 1974 title deed. If you "buy" stolen Greek Cypriot land you would be committing a criminal offense.
Not only that, but you will not own what you paid for since the one who sold it to you didn't own it either. The so called "trnc" is an invalid entity recognized only by Turkey, and the deeds they issue do not worth anything either.
Therefore if you really have to go to northern Cyprus, pay more money and buy a property with pre 1974 title deeds. This way you are not committing an offense, and you are not exploiting the pain of the Greek Cypriot refugee that was forced to abandon that place by the Turkish invasion.
If you have any conscience you will do the right thing and would not accept something stolen, even if it is cheaper.