victoriasloss
May 8 2007, 04:05 PM
Hi
for those who have not heard of us, we are Simon and Vikki and we are based in the UK.
Our parents purchased a property in the TRNC over 3 years ago and to date have nothing to show for their money, just a very large loan for £150,000 that they (in failing health) are struggling to pay on their meagre pensions.
We are hoping that this group will be able to lead or advise those as to the possible pitfalls that may occur when purchasing in Northern Cyprus
The country is truly beautiful and the people also, but there are many unscrupulous characters lurking including Developers, Estate Agents and more worringly even Lawyers
We work closly with "The Home Buyers Pressure Group"
http://www.hbpg-trnc.net who have loads of very important information on their site.
Our site is
www.trncpropertywarning.freewebsites.com
Takes a little time to load but well worth the wait.
All we ask is for true stories (that can be backed with documentary evidence if required) good or bad, also nominations for "Good and Bad Guys" again with evidence should it be needed.
We look forward to welcoming you
and if we can help 1 person
NOT TO MAKE THE SAME MISTAKES AS OUR PARENTS
we will have succeeded.
We also have a new Bulletin Board totally dedicated to helping others
http://groups.msn.com/TRNCPROPERTYWARNINGPlease join us
catara
May 8 2007, 04:23 PM
QUOTE(victoriasloss @ May 8 2007, 05:05 PM) [snapback]630744[/snapback]
Our parents purchased a property in the TRNC over 3 years ago and to date have nothing to show for their money, just a very large loan for £150,000 that they (in failing health) are struggling to pay on their meagre pensions.
Please join us
Sorry to say, but not only the TRNC agents are at fault, your parents did not do their homework and they got burned.
Things which look to good to be true...
QUOTE(catara @ May 8 2007, 05:23 PM) [snapback]630764[/snapback]
Sorry to say, but not only the TRNC agents are at fault, your parents did not do their homework and they got burned.
Things which look to good to be true...
That's not exactly helpful to someone elderly who's been taken for a ride by unscrupulous agents!
catara
May 8 2007, 10:05 PM
QUOTE(fws @ May 8 2007, 08:04 PM) [snapback]630927[/snapback]
That's not exactly helpful to someone elderly who's been taken for a ride by unscrupulous agents!
There is a clear message: if you have money that is not essential then invest everywhere your heart desires.
If the money you invest is a matter of life and death for you and your family, than think twice or thrice and play it very safe and do not risk investing in shady countries.
Tuberider
May 9 2007, 08:09 AM
The 'TRNC' is an illegal state aand is NOT RECOGNIZED BY ANY COUNTRY OTHER THAN TURKEY.
Most of the houses there are built on land which has been seized from its rightful Greek Cypriot owners. In the event of a settlement, this land will be returned or compensated for by the occupying army.
There is not legal protection for buyers in the 'TRNC' as it is a pariah state which does not conform to international law. Many of the world's fugitives hide out there, as there are no extradition treaties in place and Interpol has no juristiction there. Polly Peck swindler Asil Nadir has been living there for years, where the British legal system cannot touch him.
many others are in hiding there and it has become a paradise for wanted drug dealers, murderers and deviants of all kinds.
Remember, investors have no protection or legal recourse should they decide to purchase property in this illegal state. .
Therefore YOU BUY AT YOUR OWN RISK !!!
Victorialoss, it is too bad for your parents. If they were foolish enough to buy in such an outlawed place then they must suffer the consequences. A fool and his money are easily parted.
esmerelda
May 9 2007, 08:47 AM
QUOTE(Tuberider @ May 9 2007, 09:09 AM) [snapback]631259[/snapback]
The 'TRNC' is an illegal state aand is NOT RECOGNIZED BY ANY COUNTRY OTHER THAN TURKEY.
........
Victorialoss, it is too bad for your parents. If they were foolish enough to buy in such an outlawed place then they must suffer the consequences. A fool and his money are easily parted.
Although I agree with your factual statement re N Cyprus.....I think some of you are being unnecessarily harsh on these people.....Brits ARE being encouraged to buy in N Cyprus by unscrupulous people who are falsly claiming turkish titles to land. ,particularly elderly ones as these appear to be, will believe things if they are told this by so called "solicitors" ... particularly vulnerable are those who are first time investors...again as these appear to be.
I do however despair at the sneering superiority that is apparent on some of these threads!!! It would appear that noone has ever made any error of judgement in their investments because they are all so well informed!!
I think their website is GREAT thing for them to be doing...it's quite something to be sharing from bitter experience and trying to stop someone else from falling into the same trap (& they will) & they are to be applauded...not derided!!!
victoriasloss
May 9 2007, 09:02 AM
Dear All
Thank you for your replies, we take no offence from any reply, what we are trying to acheive is to STOP others throwing their money the same way as our parents and the other 800 + Brits that have lost in excess of £29 million between them to these crooks.
We know about shutting the stable door after etc etc etc, and a fool and his money etc etc etc, but elderly people are easily swayed by smooth talking Brits in a hot climate. So this is the reason for the website.
NOT POLITICAL PROPAGANDA AS TO WHO OWNS WHAT!!!! [color="#FF0000"][/color]
We would like to be instumental in advising others against doing what our parents did
Kindest regards to you all
Vikki
catara
May 9 2007, 11:11 AM
QUOTE(victoriasloss @ May 9 2007, 10:02 AM) [snapback]631319[/snapback]
Thank you for your replies, we take no offence from any reply, what we are trying to acheive is to STOP others throwing their money the same way as our parents and the other 800 + Brits that have lost in excess of £29 million between them to these crooks.
We know about shutting the stable door after etc etc etc, and a fool and his money etc etc etc, but elderly people are easily swayed by smooth talking Brits in a hot climate.
Because the UK school standards of mathematics are so poor and the greed is so BIG, many Brits lost and will lose millions and millions of Pounds.
People will not stop throwing money until the money will not be available to them. if the banks stop offering funny money then people, as reckless as they are, will stop throwing these money away.
So a site like your yours does not have any value as it is only a drop in the Ocean. The banks need to stop offering easy money and the problem will cure by itself.
dogbox
May 9 2007, 11:34 AM
I have just reserved a new investment. There are 3 ways I seek to minimise risk as follows:
My 'at risk' capital is £15000 until completion. I avoid developers seeking large sums up front - why should I shoulder so much risk - let the developer I say.
I will raise a mortgage on the balance - the advantage being this offers a further layer of security in that the local Bank (in this case Woolwich - Barclays Italia) wont lend on a 'Dog'.
Thirdly have a reputable large international law firm oversee things, you can find such firms in the capital city of your chosen nation.
I really think these 3 basic steps remove a massive amount of risk.
catara
May 9 2007, 01:39 PM
Anthony7
May 10 2007, 01:53 PM
Dogbox please explain what this has to do with this particular thread? Its not a thread asking for your professional opinion of how you personally deal with property investment. Its a horror story and a warning for others to be careful, especially old people who get swayed into wrong decisions.Others on this thread for some reason seem to be having a go and boasting of their expertise. Have a bit of sympathy.
On a different note it is absolutely frightening how many agents there are selling property in Northern Cyprus. I must have come across 10 in the past few months and there must have been about 15 at a recent property exhibition at the homebuyer show in londons Excel.
Its illegal, its as simple as that, yet how can they actually run a business on this area?
Radio
May 10 2007, 02:44 PM
Basic errors being made by buyers in N.Cyprus (and elsewhere), quite apart from land ownership issues, include:
Not using an independent solicitor - in some cases not using a solicitor at all, and
Not structuring their payments on a stage basis, via their solicitor e.g. 10% down etc.
Following the links provided by Vikki, it appears that a number of buyers paid the whole purchase price up front !. If you can't see the dangers in that then your solicitor should certainly point them out.
You wouldn't do that in UK where you speak the language and have some knowledge of the law, so why do it overseas ?. (Ironically, I know of at least one similar scenario in the Republic of Cyprus, near Paphos, where a developer promised a discount (off what ?) if buyers paid in full, up front. Needless to say, he has now disappeared with the money - @ £2million, apparently; the only construction is a wooden sign advertising the development).
As for slick salesmen at property exhibitions - if you are interested in a particular location do some research on the internet first. If you are still interested, go there under your own steam (not an 'inspection trip) on holiday, and have a good look around checking out prices and comparables. Then come home and double check everything in the cold light of day, not in the sun with a brandy sour.
As for Vikki's parents, a little due diligence beforehand would have prevented this. (Just how do pensioners get a £150K mortgage ?).
As for 'warnings' about unscrupulous agents, they exist in every market, and there are numerous property websites telling cautionary tales and giving sensible advice - if you bother to do basic research.
red
May 28 2007, 08:28 AM
QUOTE(victoriasloss @ May 9 2007, 10:02 AM) [snapback]631319[/snapback]
Dear All
Thank you for your replies, we take no offence from any reply, what we are trying to acheive is to STOP others throwing their money the same way as our parents and the other 800 + Brits that have lost in excess of £29 million between them to these crooks.
We know about shutting the stable door after etc etc etc, and a fool and his money etc etc etc, but elderly people are easily swayed by smooth talking Brits in a hot climate. So this is the reason for the website.
NOT POLITICAL PROPAGANDA AS TO WHO OWNS WHAT!!!! [color="#FF0000"][/color]
We would like to be instumental in advising others against doing what our parents did
Kindest regards to you all
Vikki
Vikki,
I appreciate that your website is not about 'who owns what' and I applaud your efforts to stop others getting hurt as your parents did.
However, you cannot ignore the facts surrounding the Cyprus issue; buying a property in the North of Cyprus implies a tacit acceptance of the brutal, illegal regime that created this puppet state in the first place. People need to do their research before investing such large sums, particularly abroad - it's not just a financial decision, it's ethical, moral and in this case, illegal.
victoriasloss
Jul 6 2007, 11:02 AM
Hi ya
I agree about "doing homework, but 5 years ago when this AGA saga began, and there was not half the building going on that there is now - where would one have looked to for advice - I know a reputable company owned by a Brit not a "Cypriot for heavens sake they may rip-you-off" - WRONG its the BRITS doing the ripping off and some hiding behind a NAEA logo to make them seem more respectable, when they are not members. This was really why we set up the website - to help those that need to do their homework
Victoria
xxxx
QUOTE(red @ May 28 2007, 09:28 AM)

Vikki,
I appreciate that your website is not about 'who owns what' and I applaud your efforts to stop others getting hurt as your parents did.
However, you cannot ignore the facts surrounding the Cyprus issue; buying a property in the North of Cyprus implies a tacit acceptance of the brutal, illegal regime that created this puppet state in the first place. People need to do their research before investing such large sums, particularly abroad - it's not just a financial decision, it's ethical, moral and in this case, illegal.
Tuberider
Jul 8 2007, 07:24 AM
more on the sham that is northern Cyprus - an illegal puppet regime unrecognized by any country except Turkey
========================
Home buyers sour on Northern Cyprus
Escalating costs, poor workmanship and shaky legal grounds have left some buyers disillusioned and angry
By Jon Gorvett Published: July 5, 2007
NICOSIA: Dreams of luxury in the Mediterranean sun have gone sour for many Northern Cyprus home buyers, with escalating costs, poor workmanship and shaky legal grounds leaving some disillusioned and angry.
Complaints have been so plentiful that some expatriates organized the Home Buyers Pressure Group and held demonstrations outside the Turkish Cypriot Parliament to draw attention to their plight.
One such home buyer is Derek Jolly, a British citizen who lives in the village of Ozankoy, about five kilometers, or three miles, east of Kyrenia. "In my development there are 20 houses," he said. "All of them have been paid for by people like myself, looking to retire or have a holiday home here.
"Now though, the construction company has gone into liquidation and we have found that the land has been mortgaged by someone else - after we'd paid for it," Jolly said.
Pauline Hayton, a Briton who is living in another new development near the town of Lapta, described similar problems. "We were told that the place was ready and so we shipped all our furniture out here," she said. "When we arrived, there wasn't even a sink in the kitchen, doors or windows.
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"We had to keep everything in a container for weeks," Hayton added. "We have to truck in water and for electricity there's just a wire running to a neighbor's house. This whole thing has been so stressful. I've lost weight and my nerves are shot."
"It's very, very frustrating," said Marian Stokes, chairwoman of the home buyers' group. "People come here with a dream and then find they are living with no electricity, no water, piles of rubbish, the total destruction of the environment around them, too. The main problem is that there is no protection of title deeds. This leaves the landowner able to do anything they like."
Northern Cyprus declared its independence in 1983, taking about 250,000 Cypriots and about a third of the island's 9,250 square kilometers, or almost 2.3 million acres, into the Turkish Republic of Northern Cyprus - although only Turkey recognizes it as an independent country.
Cyprus has long been seen as an attractive location for vacation and second homes, especially among Britons, although there also are significant numbers of Germans, Dutch and Scandinavians on the island. But now foreigners who buy property in the north must obtain formal permission from Turkish Cypriot authorities before they are entitled to the deeds. And while the process is often presented as a formality, currently it can take two to three years for the permission documents to be issued. In the meantime, buyers have no legal right to the properties - even though they may have paid for them.
"In the past, the system unfortunately created a lot of victims," Romans Mapolar told members of the home buyers' group in May. But Mapolar, head of the Turkish Cypriot Immovable Property Commission and senior legal advisor to the Turkish Cypriot president, Mehmet Ali Talat, now says that a new real estate law will overcome many of the difficulties.
"The new law obliges the owner to inform the potential buyer of the legal status of the property," he said. "There will also be a reconciliation commission to look into complaints and this will operate proactively and retrospectively."
Statistics about how many foreigners own property in Northern Cyprus or how many are waiting for titles are hard to come by as the politics surrounding the issue are highly charged.
Many locals say that the current horror stories date to 2004, when a referendum was held on a United Nations-sponsored reunification plan and hopes were high that the division would be ending soon.
"At that time, everyone here became a property developer," recalled Ali Ozmen Safa of MedView Homes, a large estate agent and developer in Northern Cyprus. "The butcher, the baker, the candlestick maker. Everyone became a property tycoon. The regulations, laws and so on could not keep up with this. Some of us said at the time this kind of uncontrolled explosion would backfire on all of us."
The surge also saw construction standards and workmanship plummet as inexperienced contractors took a "get rich quick" attitude. "There should have been a more professional approach," Safa said. "The result has been haphazard practices for short-term gains. The rewards from property development have been great, however."
Before 2004, real estate prices and the supply of available properties were stable, Safa recalled. "Then, I'd say property prices went up about 30 to 40 percent in 12 months. The price of land also went up, maybe 200 percent, in the same period," he said.
A donem of land that went for £2,500 before would go for £20,000. This trend continued into last year, though now it's leveling off again," he said. A donem is a local standard of measurement, the equivalent of about a third of an acre, which would sell for $5,000 before 2004 and almost $40,000 now.
The UN reunification plan was rejected by Greek Cypriots, the 600,000 residents of the Republic of Cyprus in the southern portion of the island, which is recognized around the world as the government of the whole island.
The unsettled situation poses problems for home buyers. "The Turkish region is not recognized by international law," said Yiola Stavraki, a lawyer and a Greek Cypriot. "If the state that sells the properties is not recognized, how can the title deeds it issues be recognized?" She also argues that the Turkish republic does not have the right to transfer the titles to land that was owned by Greek Cypriots before 1974 and notes that buyers of such land could face legal action in the future.
Yet a Turkish Cypriot lawyer, Peyman Erginel, argues that authorities in Northern Cyprus have established a property commission to compensate Greek Cypriots and that "this commission is acting in line with the decision of the European Court of Human Rights on the property issue on Cyprus."
"Now the government is in the process of passing new laws and trying to find a solution to the problems," Erginel continued. "Time will tell whether these laws will be satisfactory or will need improvement. At present, if the purchasers obtain legal advice from an experienced lawyer before purchasing a property, they can minimize the problems they may face."
Meanwhile, some residents say there are many positives among all the horror stories. "You do also see many people who have had a fantastic deal here," said Stokes, chairwoman of the home buyers' group. "This is a wonderful, beautiful island and people can have no problems at all. It's not all bad news, but the thing is, you just don't know how your own story will turn out."
panamajack
Sep 17 2007, 10:01 PM
I visited North Cyprus June 2007,with the view of buying an investment/retirement home.I wanted to see the Country for myself,not being suckered into beleiving all the propoganda that is written,like this initial post.If your parents are in ill health,why did they take out a £150,000 loan?Who was stupid enough to lend them the money?I smell porkies....
North Cuprus is a beautiful Country,The people are fantastic,food is fabulous,and the "bang for the buck" is increadible.
There is massive investment going on in property,hotels and infrastructure.I think this is the best property investment anywhere in the Med region just now.
I have no political preference to Turkey or Greece.North Cyprus is just an increadible opportunity.The situation will be resolved sooner rather than later.Branson and Abramovich are both rumoured to have invested heavily here, and with the £millions investment in the Ercan airport, I will have no qualms about buying when I return in November.
Do your homework,visit the Country,meet up with the builders on site,the quality of workmanship was first class,but,I suppose you weill get your cowboys here as well.The Banks are as Professional as I would expect and I met some excellent lawyers.
I am not a rookie when it comes to investing in property,and I really liked what I saw.Property really is very cheap.
No doubt there will be some replies to this post,calling me all the idiots under the sun,most of them will be propoganda.see past them,and acceppt this totally independant post for what it is worth
red
Sep 18 2007, 07:17 AM
QUOTE(panamajack @ Sep 17 2007, 11:01 PM)

I visited North Cyprus June 2007,with the view of buying an investment/retirement home.I wanted to see the Country for myself,not being suckered into beleiving all the propoganda that is written,like this initial post.If your parents are in ill health,why did they take out a £150,000 loan?Who was stupid enough to lend them the money?I smell porkies....
North Cuprus is a beautiful Country,The people are fantastic,food is fabulous,and the "bang for the buck" is increadible.
There is massive investment going on in property,hotels and infrastructure.I think this is the best property investment anywhere in the Med region just now.
I have no political preference to Turkey or Greece.North Cyprus is just an increadible opportunity.The situation will be resolved sooner rather than later.Branson and Abramovich are both rumoured to have invested heavily here, and with the £millions investment in the Ercan airport, I will have no qualms about buying when I return in November.
Do your homework,visit the Country,meet up with the builders on site,the quality of workmanship was first class,but,I suppose you weill get your cowboys here as well.The Banks are as Professional as I would expect and I met some excellent lawyers.
I am not a rookie when it comes to investing in property,and I really liked what I saw.Property really is very cheap.
No doubt there will be some replies to this post,calling me all the idiots under the sun,most of them will be propoganda.see past them,and acceppt this totally independant post for what it is worth
Hard to know where to begin with a post like this - terrible spelling aside.
You ask people to 'do their homework' yet display utter ignorance when commenting on the current situation in Cyprus. Words fail me.
I am a Cypriot refugee who would dearly love to see a settlement for the good of Cypriots but until such a time, Northern Cyprus remains an illegally occupied part of the European Union and apart from the moral implications of purchasing property there, it's very much a case of 'Caveat emptor', meaning 'buyer beware'.
panamajack
Sep 18 2007, 08:06 AM
All I am doing is ask that people make their own mind up.There has been a propoganda machine running for years.
Surely your not afraid of people visiting the North?Is it because you don't want people like me posting their experiences.
What airport in the South that is built on Turkish land?
Funny how we never read about this,or a whole host of issues that are ignored.
Anyway this is not a political forum,and I have no intention to reply to jibes.
Yes I agree with you,spelling is not my strongist poynt
red
Sep 19 2007, 12:08 PM
QUOTE(panamajack @ Sep 18 2007, 09:06 AM)

All I am doing is ask that people make their own mind up.There has been a propoganda machine running for years.
Surely your not afraid of people visiting the North?Is it because you don't want people like me posting their experiences.
What airport in the South that is built on Turkish land?
Funny how we never read about this,or a whole host of issues that are ignored.
Anyway this is not a political forum,and I have no intention to reply to jibes.
Yes I agree with you,spelling is not my strongist poynt
You are, by investing in Northern Cyprus, making a tacit endorsement of the regime that runs that part of the island, whether you like it or not. And that's political.
To suggest I am 'afraid' of people visiting the North is both absurd and hugely insulting.
I want people to visit the
whole island without a division line. That's all.
Interesting also that you choose to bring up 'propaganda' issues whilst claiming not to be political.
My concern is for Cypriots from both communities who simply want a united Cyprus as part of the EU.
As I said in my previous post, caveat emptor. Buyer Beware.
panamajack
Sep 23 2007, 10:25 PM
Victoria,
One of the many first class eststes agents I met on my superb trip to North Cyprus in June this year was
"northcoast-estates" I will probably return in November this year and buy a 175m2 4 bed , 3 bath Villa,complete with marble flooring,air con,large roof terrace with shower,outside bbq,large garden and an 9 x 5 Roman swimming pool,fully fitted kitchen including white electical goods on pre '74 land.The standard of workmanship on the villa's already completed is superb.
Of the 6 villas completed so far,4 have neen bought by British families and they are delighted with their purchases.All this for £140,000.Best value for money in the med,I'd say,and with prices going up by 15 -20% p.a. now is the time to buy before the "word" get's out
So,I was wondering what exactly was it that "your parents were buying for £150,000 3 years ago?Must have been some place!!!
What was the name of the developer,and where was this construction to take place.
I am sure readers would like this info so we can check this info for ourselves.
Please don't forward me onto any other web pages,as it takes ages to get through,and when you do,it seems a little contrieved for my liking.
PLEASE POST THE NAMES HERE SO WE CAN ALL CHECK IT OUT.....THANKS IN ADVANCE
panamajack
Sep 23 2007, 10:38 PM
P.S.
TO KEEP YOU HAPPY,I KEPT UP MY USAUL SPELLING AND GRANMA MISSTAKES
Tuberider
Oct 5 2007, 09:10 AM
PanamaJack, you are a dangerous and irresponsible individual.
Please stop telling people to invest in northern Cyprus, you well know that that part of the island is occupied by the Turkish army since the invasion of 1974, and is a pariah state recognized only by Turkey.
The 'TRNC' as they call themselves is a haven for criminals and deviants of all kinds, as it has no extradition treaty with any civilized country.
Polly Peck Scamster Asil Nadir, Drug Baron Gary Robb, and rotten meat merchant 'Maggot' Pete Roberts (among thousands of others) are among the criminals who have fled to this lawless place to escape from justice.
Does anyone REALLY want to sink their hard-earned money into a place like that ? Do you want every pedophile, deviant and wanted drug dealer who managed to escape from Europe before trial as your neighbor ?
The sad stories documented on Victoria's website are only the tip of the iceberg. Gullible Brits are ripped off in the 'TRNC' daily, and with no law or recognized legal system to protect their rights they are like lambs to the slaughter.
To make things worse, most new development there is on seized Greek Cypriot properties which were stolen from their rightful owners in 1974. Whether there is a solution or not, some form of property exchange will occur and it will mean that the 'investors' who bought homes illegally will be ordered to return them to their rightful owners.
The clock is ticking for 'Northern' Cyprus, we are coming to take back what was stolen from us and justice will prevail.
Cole Trickle
Oct 5 2007, 11:11 AM
Catara,
What is your thoughts on Northern Cyprus comapred to Saidia in Morocco?
panamajack
Oct 5 2007, 01:58 PM
QUOTE(Tuberider @ Oct 5 2007, 10:10 AM)

PanamaJack, you are a dangerous and irresponsible individual.
Please stop telling people to invest in northern Cyprus, you well know that that part of the island is occupied by the Turkish army since the invasion of 1974, and is a pariah state recognized only by Turkey.
The 'TRNC' as they call themselves is a haven for criminals and deviants of all kinds, as it has no extradition treaty with any civilized country.
Polly Peck Scamster Asil Nadir, Drug Baron Gary Robb, and rotten meat merchant 'Maggot' Pete Roberts (among thousands of others) are among the criminals who have fled to this lawless place to escape from justice.
Does anyone REALLY want to sink their hard-earned money into a place like that ? Do you want every pedophile, deviant and wanted drug dealer who managed to escape from Europe before trial as your neighbor ?
The sad stories documented on Victoria's website are only the tip of the iceberg. Gullible Brits are ripped off in the 'TRNC' daily, and with no law or recognized legal system to protect their rights they are like lambs to the slaughter.
To make things worse, most new development there is on seized Greek Cypriot properties which were stolen from their rightful owners in 1974. Whether there is a solution or not, some form of property exchange will occur and it will mean that the 'investors' who bought homes illegally will be ordered to return them to their rightful owners.
The clock is ticking for 'Northern' Cyprus, we are coming to take back what was stolen from us and justice will prevail.
Tuberider,let's not get too carried away here.Move on woth your life.We all know the reason Turkey invaded was to stop mass murder and other atrocities,but let's not go there.I suggest you accept that the island will always have it's devisions.
This is a overseas property forum,not a political arena.I would like to think that most readers can see through a lot of the negative postings for what they are .."propoganda".
Why would intelligent people pay money up front for a house that has still to be built? What kind of person would ship their household goos to a foreign Country before flying out to inspect the property first? I smell porkies !!!!
There is plenty of pre'74 land being built on. See attached
In 2004 as Cyprus was aligned for EU entry the UN finally realized that they had to attempt to reunite the island as never before had a divided nation entered the EU. The UN brokered peace talks between both sides of the island and these resulted in the development of the Annan Plan to which both sides were asked to agree upon. Among many other issues, the Plan would put an end to the land disputes that exist in Cyprus and about which I’m sure you’ve read.
The land disputes exist where Turkish Cypriot land in south Cyprus was nationalised by the government of the Republic of Cyprus following 1974 and given to displaced Greek Cypriots from the northern third of the island. And of course it also exists the other way where former Greek Cypriot land in Northern Cyprus was nationalised by the TRNC government and given to Turkish Cypriots displaced from the south.
The Turkish Republic of Northern Cyprus and the Republic of (South) Cyprus took the terms of the Annan Plan to their people for a vote of confidence. Unfortunately only the Turkish Cypriots voted in favour of the plan for peace. Further unfortunate events began to unfold as it became clear that the progress of Cyprus towards EU accession had gone too far to stop it and so only the Republic of Cyprus was able to join the EU in 2004 meaning that a divided nation did indeed join the European Union. Oddly though, all Cypriots - whether Greek or Turkish - now have the right to an EU passport and the whole of Cyprus has begun to benefit from the EU effect!
The land disputes continue but despite what you may have read not all land and property in Northern Cyprus is in dispute - far from it in fact! Only about 17% of the land in North Cyprus was formerly owned by Greek Cypriots are there’s an abundance of land and property for sale in North Cyprus with internationally recognised title deeds.
In terms of the attractions of Northern Cyprus - well they are manifold! For example the prices of land and property for sale in Northern Cyprus are up to 5 times cheaper than on the south. Since 2004 the UN and US have begun ploughing significant money into the north to reward its people for voting yes to the Annan Plan and also to boost the economy so that it can come in line with that on the south.
It is very important that the TRNC’s economy is brought up so that when the north and south enter into talks again, there will not be such a huge disparity in economies.
Such a huge disparity will be very damaging for the south if it is allowed to remain as investors are likely to leave the south in favour of the north and this could undermine the stability of the Republic of (south) Cyprus.
Investors entering the main market sectors in TRNC now - namely the real estate market and the tourist sector - are starting to benefit from what is predicted to be a prolonged period of sustained growth in the economy of the North as TRNC comes in line with south Cyprus.
The economy in Northern Cyprus is being further boosted by the hundreds of new international residents it is attracting annually who have only recently learned about this gloriously untouched and affordable Mediterranean haven where English is widely spoken, health, education and general living standards are first class, where the cost of living is incredibly low and where the people are so genuinely welcoming that a home from home abroad can be quickly established.
The sun shines in Cyprus for up to 320 days a year and the climate is inimitable in its perfection. The beaches of Northern Cyprus are sandy and in the summer they are home to rare sea turtles as the beaches have been left untouched. North Cyprus is also home to many castles, historical landmarks and cultural areas of interest as well as first class international bars, restaurants, hotels and casinos. These are just some of the many reasons why property investor interest in TRNC will not be slowed or stopped - in fact, such is the desire for homes for sale in Northern Cyprus currently that property developers cannot keep up with the current demand!
Happy reading
panamajack
Oct 5 2007, 02:10 PM
QUOTE(panamajack @ Oct 5 2007, 02:58 PM)

Tuberider,let's not get too carried away here.Move on woth your life.We all know the reason Turkey invaded was to stop mass murder and other atrocities,but let's not go there.I suggest you accept that the island will always have it's devisions.
This is a overseas property forum,not a political arena.I would like to think that most readers can see through a lot of the negative postings for what they are .."propoganda".
Why would intelligent people pay money up front for a house that has still to be built? What kind of person would ship their household goos to a foreign Country before flying out to inspect the property first? I smell porkies !!!!
There is plenty of pre'74 land being built on. See attached
In 2004 as Cyprus was aligned for EU entry the UN finally realized that they had to attempt to reunite the island as never before had a divided nation entered the EU. The UN brokered peace talks between both sides of the island and these resulted in the development of the Annan Plan to which both sides were asked to agree upon. Among many other issues, the Plan would put an end to the land disputes that exist in Cyprus and about which I’m sure you’ve read.
The land disputes exist where Turkish Cypriot land in south Cyprus was nationalised by the government of the Republic of Cyprus following 1974 and given to displaced Greek Cypriots from the northern third of the island. And of course it also exists the other way where former Greek Cypriot land in Northern Cyprus was nationalised by the TRNC government and given to Turkish Cypriots displaced from the south.
The Turkish Republic of Northern Cyprus and the Republic of (South) Cyprus took the terms of the Annan Plan to their people for a vote of confidence. Unfortunately only the Turkish Cypriots voted in favour of the plan for peace. Further unfortunate events began to unfold as it became clear that the progress of Cyprus towards EU accession had gone too far to stop it and so only the Republic of Cyprus was able to join the EU in 2004 meaning that a divided nation did indeed join the European Union. Oddly though, all Cypriots - whether Greek or Turkish - now have the right to an EU passport and the whole of Cyprus has begun to benefit from the EU effect!
The land disputes continue but despite what you may have read not all land and property in Northern Cyprus is in dispute - far from it in fact! Only about 17% of the land in North Cyprus was formerly owned by Greek Cypriots are there’s an abundance of land and property for sale in North Cyprus with internationally recognised title deeds.
In terms of the attractions of Northern Cyprus - well they are manifold! For example the prices of land and property for sale in Northern Cyprus are up to 5 times cheaper than on the south. Since 2004 the UN and US have begun ploughing significant money into the north to reward its people for voting yes to the Annan Plan and also to boost the economy so that it can come in line with that on the south.
It is very important that the TRNC’s economy is brought up so that when the north and south enter into talks again, there will not be such a huge disparity in economies.
Such a huge disparity will be very damaging for the south if it is allowed to remain as investors are likely to leave the south in favour of the north and this could undermine the stability of the Republic of (south) Cyprus.
Investors entering the main market sectors in TRNC now - namely the real estate market and the tourist sector - are starting to benefit from what is predicted to be a prolonged period of sustained growth in the economy of the North as TRNC comes in line with south Cyprus.
The economy in Northern Cyprus is being further boosted by the hundreds of new international residents it is attracting annually who have only recently learned about this gloriously untouched and affordable Mediterranean haven where English is widely spoken, health, education and general living standards are first class, where the cost of living is incredibly low and where the people are so genuinely welcoming that a home from home abroad can be quickly established.
The sun shines in Cyprus for up to 320 days a year and the climate is inimitable in its perfection. The beaches of Northern Cyprus are sandy and in the summer they are home to rare sea turtles as the beaches have been left untouched. North Cyprus is also home to many castles, historical landmarks and cultural areas of interest as well as first class international bars, restaurants, hotels and casinos. These are just some of the many reasons why property investor interest in TRNC will not be slowed or stopped - in fact, such is the desire for homes for sale in Northern Cyprus currently that property developers cannot keep up with the current demand!
Happy reading
I could'nt resist a few mispelinggs
QUOTE(panamajack @ Oct 5 2007, 03:10 PM)

I could'nt resist a few mispelinggs
Nice cut & paste, though.
You really are an offensive, ignorant individual.
panamajack
Oct 5 2007, 03:25 PM
QUOTE(red @ Oct 5 2007, 04:04 PM)

Nice cut & paste, though.
You really are an offensive, ignorant individual.
Thank's Red!
With regards to one of your previous posts,I would suggest you put your money into a North Cyprus bank account.I would suggest readers should also check this out for themselves.The Banks are paying between 15- 18% interest.I'll post links later.
Panamajack
panamajack
Oct 5 2007, 04:20 PM
QUOTE(red @ Oct 5 2007, 04:04 PM)

Nice cut & paste, though.
You really are an offensive, ignorant individual.
Red,because you enjoyed my previous article so much,here is some more info...
Today the world has awoken to the beauty and potential in the Turkish Republic of Northern Cyprus and as a result the amount of investment being ploughed into the country is incredible and the numbers of those looking to invest in properties in TRNC is at an all time high.
Following the 1974 war in Cyprus the northern most third of the island was divided from the southern two thirds. In southern Cyprus or The Republic of Cyprus, Greek Cypriots have built incredibly healthy tourism and property markets and every year they attract hundreds of thousands of tourists to the island and thousands of second home and retirement home hunters.
In Northern Cyprus embargoes and land disputes meant that the country was effectively unknown outside of Turkey but in the build up to Cyprus’s entry to the European Union in 2004 the situation slowly started to change and become more favorable for the TRNC.
The UN brokered peace talks between the Turkish and Greek Cypriot people in an effort to end the isolation of the Turkish Cypriots and reunite the two sides and create one unified Cyprus.
The Annan Plan was produced; the Turkish Cypriots voted in favour of it and in favour of peace but the Greek Cypriots rejected it which was probably the worst mistake they could have made. They effectively voted ‘no’ to the peaceful reunification of the island and have since fallen out of favour with the EU and the UN!
In 2004 only the Republic of Cyprus was able to join the EU but the people on both sides of the Green Line now hold the status of European Citizen. Furthermore borders all along the Green Line were opened for the unrestricted passage of Cypriots and those with EU passports and certain other nationalities like Americans and Australians as well.
Since 2004 property investor interest in Northern Cyprus has boomed. Many will argue that North Cyprus is the most beautiful third of the island as its beaches are sandy and have the incredibly sheer and dramatic Kyrenia Mountain range to frame them. Furthermore Northern Cyprus has a plethora of spectacular castles, natural harbours and a view of the Turkish coast on the horizon. Property investors and developers could not believe their luck when they ‘discovered’ the delights of TRNC and have since set about creating villas and seaside homes for letting to tourists and for sale to expatriates, retirees and those looking for a holiday home in the sun.
The government of the Turkish Republic of Northern Cyprus has exacted strict controls on developers to stop the coastline being spoilt with high rise apartment and hotel development and to prevent areas of outstanding natural beauty being covered in concrete. This means that Northern Cyprus is managing to retain its charm while it is developed.
Investors are also now turning their attentions to the development of tourist and recreational amenities and facilities in North Cyprus and slowly but surely the island is turning into an incredibly desirable resort. At the moment the island does not have direct flights and an agreement has to be finalized to stop any further land disputes. All properties being built in the TRNC have the guarantee of the government but until everything is resolved at international level real estate prices are being artificially restricted and this makes North Cyprus affordable as well as desirable - a perfect combination for property investors!
Since international interest in the property investment potential in Northern Cyprus has significantly intensified prices have risen by up to 50% but still they remain up to two thirds cheaper than prices in southern Cyprus. Investors are aware that this disparity will not remain forever and that by purchasing off plan property for sale in TRNC now they are buying into great potential for substantial property price growth.
Those looking to make an income from their properties are buying in Esentepe where a new championship golf course is being built and where there are plans for a 400 berth marina. They are also buying in the towns of Kyrenia, Bellapais, Ozankoy and Catalkoy as these are the most desirable areas of the island currently and where the majority of holiday makers want to be.
For the best long term property investment potential on the Mediterranean, Northern Cyprus has to be the number one destination.
Yet another cut & paste triumph for the man whose only intention is to come onto this site and shamelessly plug Northern Cyprus for investment whilst insulting others in the process.
You must be very proud of yourself.
(any further posts reported to moderators)
panamajack
Oct 8 2007, 06:03 PM
QUOTE(red @ Oct 8 2007, 03:05 PM)

Yet another cut & paste triumph for the man whose only intention is to come onto this site and shamelessly plug Northern Cyprus for investment whilst insulting others in the process.
You must be very proud of yourself.
(any further posts reported to moderators)
Red,
Please accept my appoligy if I upset you.I certainly did not intend to.In actual fact I thought I was cordial and helpful to you in my last few postings.
This is a forum for passing info about overseas property.
I think people there may be interested in what I have to say.If you do your homework you can come up with a fantastic property (pre '74 ) which I think offers one of the best opportunities in the world to-day.
What's wrong with that...
I have no connection whatsoever with anyone selling property or Legals,or financials ANYWHERE IN THE WORLD
P.J.
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