House prices in TRNC

hattikins


Joined: 17/02/2008
Posts: 2793

Message Posted:
10/04/2009 14:58

What if any,effect has the recent property guarantee had on house prices, or are things still at stalemate while the talks rumble on.

fire starter


Joined: 19/06/2008
Posts: 3401

Message Posted:
10/04/2009 17:18

i think it all will seen once the orams decition comes at the end of the month.

rowlo



Joined: 12/10/2008
Posts: 4796

Message Posted:
10/04/2009 18:21

no point worrying pikey ///

TheSaints



Joined: 28/01/2009
Posts: 1369

Message Posted:
10/04/2009 18:25

Hello Pikey, nice to have you back, you visiting for long this time or just your usual?

rtddci


Joined: 29/12/2007
Posts: 842

Message Posted:
10/04/2009 19:02

I agree with Scribes. Heard today that properties are selling, especially apartments, not off plan though.

deecyprus4


Joined: 27/07/2008
Posts: 3452

Message Posted:
10/04/2009 19:05

Scribes how transparent you are..

catalkoykid


Joined: 15/02/2009
Posts: 1190

Message Posted:
10/04/2009 19:05

spoke to and estate agent friend, said hes flat out.

TheSaints



Joined: 28/01/2009
Posts: 1369

Message Posted:
10/04/2009 19:08

Why would you worry if you had an exchange property?

who say's anyone owned that land before? who say's anyone would make a claim on it?

Oh dear Pikie Propaganda and scare tactics again, my place is on exchange land and I don't give it a second thought, I knew that when I purchased.

hattikins


Joined: 17/02/2008
Posts: 2793

Message Posted:
10/04/2009 19:14

Not worried at all Pikey, just asking a question which may be of interest to people in the Turkish Republic of Northern Cyprus.

Jimmyboy63


Joined: 16/03/2009
Posts: 400

Message Posted:
10/04/2009 19:26

Now is the time to buy! there is plenty of bargain's to be had at the moment and this will not last forever.Doesn't really matter what type you buy as the TRNC govt have guaranteed the land.

deecyprus4


Joined: 27/07/2008
Posts: 3452

Message Posted:
10/04/2009 19:27

If a greek cypriot turned up on my doorstep and told me my house was built on his land, I would simply say ...SO..now feck off.

TheSaints



Joined: 28/01/2009
Posts: 1369

Message Posted:
10/04/2009 19:31

Jimmy, thats about the size of it mate, TRNC FREEHOLD, there is no exchange, TMD, pre 1974, Foreign title or what have you as of 2009 all deeds apparently will just show TRNC FREEHOLD.



dc4, you missed a bit off the end... and get orf of moi land!!!

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
10/04/2009 19:40

The guarantee has done wonders for the property market. Prices are on the increase and there is a lot of movement.

TheSaints



Joined: 28/01/2009
Posts: 1369

Message Posted:
10/04/2009 19:41

Hi No1

would that be because of the GUARANTEE we all enjoy the protection of now?

Jimmyboy63


Joined: 16/03/2009
Posts: 400

Message Posted:
10/04/2009 19:42

Even if the Oram's lose there court case you will get the usuall scaremongerer's getting there 2 minutes publicity but in the long term with prices here are so low compared to the rest of the med NC has got to be a sound investment

hattikins


Joined: 17/02/2008
Posts: 2793

Message Posted:
10/04/2009 19:44

Who knows, perhaps the old police chiefs house might come on the market, as long as the present owner is packed and ready to move away, far away, he could get a fair price for it.

Turtle


Joined: 28/05/2007
Posts: 2669

Message Posted:
10/04/2009 19:48

Hatti, he would be better off selling now before they throw him out !

deecyprus4


Joined: 27/07/2008
Posts: 3452

Message Posted:
10/04/2009 19:59

Thesaints indeed I did..so here goes...now feck off and git orf mi land afore I stick one on yer lol...

TheSaints



Joined: 28/01/2009
Posts: 1369

Message Posted:
10/04/2009 20:01

Oh yes you have got that one down good and proper, Lol

hattikins


Joined: 17/02/2008
Posts: 2793

Message Posted:
10/04/2009 20:02

If they come to my door I will be saying, show me yours and you can look at mine, kocan I'm talking about, TRNC Freehold.

TheSaints



Joined: 28/01/2009
Posts: 1369

Message Posted:
10/04/2009 20:03

Oh yes hattikins and GUARANTEED at that,

deecyprus4


Joined: 27/07/2008
Posts: 3452

Message Posted:
10/04/2009 20:05

Hattikins you had me worried then

hattikins


Joined: 17/02/2008
Posts: 2793

Message Posted:
10/04/2009 20:06

I can Guarantee it is Guaranteed !!!!!! But they can have a couple of lemons if they want.

TheSaints



Joined: 28/01/2009
Posts: 1369

Message Posted:
10/04/2009 20:07

My ex wifes mum used to love lemons, she would suck on them to unpucker her face.

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
10/04/2009 20:09

The guarantee has done wonders for the property market. Prices are on the increase and there is a lot of movement.

rowlo



Joined: 12/10/2008
Posts: 4796

Message Posted:
10/04/2009 20:13

give pikey a few to try the same thing saints lol////

hattikins


Joined: 17/02/2008
Posts: 2793

Message Posted:
10/04/2009 20:15

Don't worry Dee it would be a very brave, and clever GC who came to my door, I have a TC neighbour who keeps an eye on our place, even when we are in the house, and if she was let loose on them they would soon be off with a flea in their ear.

TheSaints



Joined: 28/01/2009
Posts: 1369

Message Posted:
10/04/2009 20:15

I don't know if they will hold up to the task mate, they might shrivel. Which is the most bitter??

rowlo



Joined: 12/10/2008
Posts: 4796

Message Posted:
10/04/2009 20:30

your right , he would be better chewing a wasp //

Jachin



Joined: 05/02/2008
Posts: 99

Message Posted:
10/04/2009 20:45

Not many anti TRNC posts!

hattikins


Joined: 17/02/2008
Posts: 2793

Message Posted:
10/04/2009 20:46

Eggs again I think

rowlo



Joined: 12/10/2008
Posts: 4796

Message Posted:
10/04/2009 20:48

for breakfast , or on the face lol ?????

hattikins


Joined: 17/02/2008
Posts: 2793

Message Posted:
10/04/2009 20:49

Probably the latter as usual.

TheSaints



Joined: 28/01/2009
Posts: 1369

Message Posted:
10/04/2009 21:47

My son?? My father is dead pikie, but nevermind here's hoping eh.



Quiet, I wish, I am not retired I am still a very active Loggie, did not do your homework there did you, yes I done my homework before I purchased we are not all as blind as you seem to think.



You really are displaying a sense of desperation in your rantings these days.

AlsancakJack



Joined: 14/08/2008
Posts: 5762

Message Posted:
10/04/2009 21:51

hattikins

My TC neighbours are great at repelling GC wannabe land grabbers. 2 large Alsation dogs that for some unknown reason are friendly to everyone else but when confronted by GC's they go absolutely barmy. My neighbour really does struggle to keep them on their leads. And of course that brings the other neighbours out with their dogs and before you know it the problem has disappeared.

AJ

Turtle


Joined: 28/05/2007
Posts: 2669

Message Posted:
10/04/2009 21:57

Best way of dealing with intruders and trespassers

AlsancakJack



Joined: 14/08/2008
Posts: 5762

Message Posted:
10/04/2009 22:01

Turtle

I have seen it twice now and it really is awesome to watch.

TheSaints



Joined: 28/01/2009
Posts: 1369

Message Posted:
10/04/2009 22:02

Oh humm looks as though everyone else is safe for a while he wants a head to head with me, suppose it had to be my turn everyone else gets it.

You are really are spouting more rubbish than usual.

Not at all pykie, you see my property is in the TRNC, this year ALL deeds are known as TRNC freehold, Guaranteed .

The North and the South are ready for a permanent divorce even you can see the stage is being set for that maybe you can't accept it but it looks as though it is going to be that way.

Personally as I have said before I would like to see everyone move on Happily have closure and be able to get on with thier lives.

I have also stated and will again, IF a Displaced family or thier hiers had a caim to the land my place is on then so be it, if they want compo at a rate set by EHCR or whoever and it was reasonable they could have it, if they want the gaff they could have it, it really does not matter material posessions mean nothing to me, but a wrong righted does.

Jachin



Joined: 05/02/2008
Posts: 99

Message Posted:
10/04/2009 22:03

Has the hunting season ended?

DAvid

Jachin



Joined: 05/02/2008
Posts: 99

Message Posted:
10/04/2009 22:07

Displaced person! Where have they been living since 1974?

rowlo



Joined: 12/10/2008
Posts: 4796

Message Posted:
10/04/2009 22:21

with pikey lol ////////////// msg45

AlsancakJack



Joined: 14/08/2008
Posts: 5762

Message Posted:
10/04/2009 22:22

John

Message 44

Come and give it a try sometime, I think it is something to do with the dogs picking up on their owners vibes, but I am sure you knew that anyway.

rtddci


Joined: 29/12/2007
Posts: 842

Message Posted:
10/04/2009 22:53

I find it rather sad that so much venom is directed at anyone who dares to suggest that anyone could be at risk in the property market in the TRNC. The sensitivity is so much that it should send alarm bells ringing to anyone contemplating buying.

Is this forum made up of desperate property developers/sellers/estate agents? The reliance on the 'guarantee' is very fragile I think, and not one to be relied on or gamble on. The Government could change shortly for one thing and who knows just what will be negotiated in the talks?

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
10/04/2009 23:08

....Or it could just be cornered rat syndrome...



Another one for the list

hattikins


Joined: 17/02/2008
Posts: 2793

Message Posted:
10/04/2009 23:10

only someone as self obsessed as you Pikey could possibly make such a stupid statement, you know jack all about the social background of the members of this board, get a life.

rowlo



Joined: 12/10/2008
Posts: 4796

Message Posted:
10/04/2009 23:16

youre a bundle of laughs pikey msg 49 , its idiots like you that put of potential buyers , over to you izzet ???

hattikins


Joined: 17/02/2008
Posts: 2793

Message Posted:
10/04/2009 23:30

Pikey,

I have many things to be proud of, and my age has nothing to do with it, do you really think you're better than me just because you are younger, dream on and go away

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
10/04/2009 23:57

rtddci,



Wise words but sadly wasted.

TheSaints



Joined: 28/01/2009
Posts: 1369

Message Posted:
11/04/2009 00:18

What wasted on all of us that have the Guarantee??

rowlo



Joined: 12/10/2008
Posts: 4796

Message Posted:
11/04/2009 01:12

oh pikey msg 54 , i dont live in an apartment block, my place is finished , watch you dont choke on the feathers that come out the pillows

mmmmmm



Joined: 19/12/2008
Posts: 8398

Message Posted:
11/04/2009 08:16

Well this is an interesting thread..back on topic...ARE the prices going up?

fire starter


Joined: 19/06/2008
Posts: 3401

Message Posted:
11/04/2009 08:35

no!

as the masses have said loads of bargins around, all running for the hills i guess,lol.

all the agents are flat out with soo many properties for sale.

the builders merchants are nearly closing their doors as business is so slow.



the misconception that your tc neighbours would deal with a gc who comes around, is in your dreams.

i live in a tc village and gc's are most welcome to visit .

many have gc friends, wake up and smell that coffee!

they are all cypriots.

handsome


Joined: 23/02/2009
Posts: 2

Message Posted:
11/04/2009 12:36

have been to england for 1 week, what happened while i was gone and what has changed re the postings trnc house prices

rtddci


Joined: 29/12/2007
Posts: 842

Message Posted:
11/04/2009 12:54

Front page of Cyprus Today 'No permission to purchase. Hundreds face heartbreak as government clears backlog' Basically highlighting the huge problems of people facing financial ruin having been or will be, refused PTP i.e because of being too close to army land. That will see property prices rising, won't it?

cronos


Joined: 26/10/2008
Posts: 2093

Message Posted:
11/04/2009 13:05

Martin....Permission To Purchase , or rather the lack of it , is becoming one of the growing number of taboo subjects on this forum,that tend to get silenced or not even acknowledged.



Although it is no comfort....in your case at least there was a bona-fide reason given for refusal ie proximity to military land.Many are given no reason,or worse still,kept in limbo for years.



How is your appeal going?

Hypothetically...if large portions of the Turkish Military withdrew from NC as part of a "solution",then what would happen if some bases were closed and the affected properties were no longer near "military" land?

Tiggy


Joined: 25/07/2007
Posts: 1994

Message Posted:
11/04/2009 13:13

Busy Bees may be able to give us a clue on the latest on the property market ?



Not really bothered as ours is for keeps and to be passed on to family.



Msg 16...Hattikins, I have reliable information that the said person is totally misunderstood and is a really nice little man. Anyone would be welcome to share a glass of blood at his castle after sunset ! Guaranteed.

rtddci


Joined: 29/12/2007
Posts: 842

Message Posted:
11/04/2009 13:30

cronos

Thanks for your comments. Re PTP, I have not been given a reason for refusal although I have the double whammy of army nearby & Turkish title. I'm still waiting after the Property Information Office said they would conduct a further investigation in January this year. Good point about the army withdrawing, you never know!

hattikins


Joined: 17/02/2008
Posts: 2793

Message Posted:
11/04/2009 13:57

Tiggy,

I will have to take that with a pinch of salt, but then at my age I suppose I could be wrong. Like you my home is just that, not an investment really, just a bit of something to leave to my kids when I pop my clogs.

Hatti.

rtddci


Joined: 29/12/2007
Posts: 842

Message Posted:
11/04/2009 13:59

My concern is, if I am not allowed to own my apartment, how can I rest assured that I can pass it on to my kids?

The-Wicks


Joined: 27/05/2007
Posts: 2279

Message Posted:
11/04/2009 14:05

rtddci - a very good point and one that a lot of people on here seem not to have considered.



J

fire starter


Joined: 19/06/2008
Posts: 3401

Message Posted:
11/04/2009 21:51

if your name is not on the kochan its not you that own it.

TheSaints



Joined: 28/01/2009
Posts: 1369

Message Posted:
11/04/2009 21:57

So who is legally responsible for all taxes apertaining to the property whilst you are waiting for your PTP then Kocan? who is responsible for the local community taxes and ameneties?? if you do not own the properety can you be held Legally responsible?? does this mean you are not responsible for any payments as you are not the legal owner as your name is not on the Kocan??

rtddci


Joined: 29/12/2007
Posts: 842

Message Posted:
11/04/2009 21:58

It's bad enough as it is from a legal standpoint in NC without the added complication of sorting out a deceased's estate where they didn't have the kocan, the lawyers will have a field day I suspect.

fire starter


Joined: 19/06/2008
Posts: 3401

Message Posted:
11/04/2009 22:19

i think you take on legal resposibilities from the day you take the keys of the property.

but i am sure elko can probably advise you better legally.

TheSaints



Joined: 28/01/2009
Posts: 1369

Message Posted:
11/04/2009 22:21

Hold on but if YOUR name is not on the Kocan YOU don't own it if you don't own something how can you be legally responsible. msg61

fire starter


Joined: 19/06/2008
Posts: 3401

Message Posted:
11/04/2009 22:38

welcome to the trnc,lol.

rtddci


Joined: 29/12/2007
Posts: 842

Message Posted:
11/04/2009 23:13

The main taxes re buying the property don't get paid until the kocan changes hands. The TRNC government would get a huge amount if they relaxed the PTP rules. They have temporarily cut the amount of tax to be paid although that doesn't help the hundreds refused PTP. Likewise ith the local amenity charges, you don't pay until you get the kocan although you will get a back dated bill from the date you bought rather than the date you get the kocan.

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
12/04/2009 01:32

The implications are that you have paid lots of money for a property you will never own.



No one truly knows how many are affected because there are several people waiting for their PTP who have not been refused but simply never given permission.



But lets not worry, we do have this message from the Government that is guaranteeing our properties.



"Its the buyers fault they should have got their PTP before purchasing"



Welcome to buying in the TRNC.

Turtle


Joined: 28/05/2007
Posts: 2669

Message Posted:
12/04/2009 01:42

Sue, the "Forum Admin" tag has disappeared ?

Are you now one of us !

TheSaints



Joined: 28/01/2009
Posts: 1369

Message Posted:
12/04/2009 01:49

Bradus in that case no one would buy at all what vendor is going to wait the years it can take to get a PTP the system is at fault we all know that.

There are many people waiting on PTP I am one of them but I won't be losing any sleep over it.

Purchasing a property in TRNC is like an extention of the casino's it's a gamble some win some don't, shouldn't be this way but it is.

I gambled with what I could afford and quite happy to do so if it pays out great if it does not oh well I played the game.

rtddci, do not give up hope, things can and may change, may not be as quickly as you want but be patient, don't let it get to you.



John welcome back I think you are well aware that CT does not have a web page.

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
12/04/2009 02:02

Yes Turtle. I am back in the land of the living.

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
12/04/2009 02:13

The Saints,



exactly, 3 years down the line and I too would not have committed to buying as I would still have been waiting for the PTP! An impossible law to adhere to. Which is why I am continually saying that the law in the TRNC does not safeguard the interests of the buyer and needs changing.



Someone once said if you cannot afford to lose your money, then you should not be buying in Cyprus. I shrugged this off at the time but I now know exactly what they meant.

TheSaints



Joined: 28/01/2009
Posts: 1369

Message Posted:
12/04/2009 02:25

I listened that is why I bought within my means and I followed all of the other advice, reputable builder, Good recommended (by expats) Solicitor, walked in and seen the ready built, completed place I was buying, services there other people living there and happy etc.



The only thing I could not control is as you rightly say the law. Which is why I say I took the Gamble.



You are right in saying if you can not take the hit don't do it though, it may not come to that you may be one of the lucky ones, maybe not.

Jimmyboy63


Joined: 16/03/2009
Posts: 400

Message Posted:
12/04/2009 08:52

Someone once said if you cannot afford to lose your money, then you should not be buying in Cyprus Mess 73



This is very true,lot's of people who have bought here have stretched there finances to do so and where expecting the value of there property to keep going up and this has not happened due mainly to the political stalemate and the rest of the world being in recesion,but i still think long term this place is still a good investment if you do your homework and buy in a good location and a reputable builder.Yes it is a gamble but what a nice place to have a holiday or retirement home,where else in the med have you got such a stunning mountain range.I've been coming over 5 times a year for the last 3 yrs .The only thing i didn't do my homework on was the weather....Jan/Feb is freezing,i will not be back in those month's

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
12/04/2009 13:45

I think it is now much easier for people to find a good builder and a decent advocate. Forums like these, the HBPG and word of mouth now point us in the right direction.

However we have no protection from the legal system currently in place. Builders taking out mortgages on the property you have paid for continues to be problematic. You only have to read the recent posts regarding Seaterra and Sercem to see the stress that this causes. Getting your PTP is also becoming more difficult and even if you are one of the lucky ones the builder might decide not to hand over the title deeds and you can do little about this.



Perhaps an important question to ask is "why are they allowed to get a way with it"?



The answer is people continue to promote house buying in Cyprus (except European governments that are now warning people about it) They tell purchasers to ignore the scaremongers.Make out the risk is minimal.



Whilst ever people continue to buy, the system will not change.



cont

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
12/04/2009 14:08

The government tend to take a reactive rather than proactive approach. Short term gain rather than long term stability.



We allow all the problems being experienced to happen because we bury our heads in the sand and hope that all will turn out well. If we truly want a future for the TRNC we should be telling the truth about the problems faced by all buyers.



The building industry is on its knees. Mainly because people need faith, trust and confidence that their home is safe and more and more we are seeing that they are unable to deliver this. We are not the only ones to suffer. Decent honest Cypriot builders also are affected by this loss of faith.



Sometimes the truth needs to be told and not hidden so that action, albeit enforced by people telling it as it is, can be taken. Only then will we see a secure market and people willing to invest and a stable future for the TRNC.

TheSaints



Joined: 28/01/2009
Posts: 1369

Message Posted:
12/04/2009 14:10

Bradus if you were standing in the elections and we had a vote I would vote for you.

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
12/04/2009 14:16

Saints,



Thank you................not sure if that is a compliment? To sum it up really all I am saying is that people are allowed to get permission before handing over money and that something is done to stop mortgages being taken out on land/property you have purchased and that the seller gives you your title deeds on completion. Not much to ask for really is it?

pilgrim



Joined: 11/05/2007
Posts: 1404

Message Posted:
12/04/2009 14:42

Back on form Sue.

X

TheSaints



Joined: 28/01/2009
Posts: 1369

Message Posted:
12/04/2009 14:51

Compliment of course Sue.



That is the way it should be, must admit I was a little puzzled when I heard you got permission to purchase years after you had purchased, like cart before the horse.

pilgrim



Joined: 11/05/2007
Posts: 1404

Message Posted:
12/04/2009 14:59

Sue do you now have permission? if so congratulations.

TheSaints



Joined: 28/01/2009
Posts: 1369

Message Posted:
12/04/2009 15:01

I was generalising pilgrim.

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
12/04/2009 16:06

No I don't have permission to purchase. Like hundreds I am still in limbo. I think we will be in same position as you Paul and simply not hear anything for years. Hope you are having a good time, wish we were there with you. Love to Glenna.



Sue

pilgrim



Joined: 11/05/2007
Posts: 1404

Message Posted:
12/04/2009 16:39

Back in Uk, had to come home glenna's dad passed away, funeral next week. Coming back 1st June. take care, thanks p

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
12/04/2009 18:34

Paul,

so sorry to hear of this. Our thoughts are with you. We might be in Cyprus at the same time so hope to see you both then. Take care.



Sue

LOvegod


Joined: 22/03/2009
Posts: 161

Message Posted:
12/04/2009 20:51

u think exchange land is anightmare. ha. wait till u try leasehold eg up at karmi.

rtddci


Joined: 29/12/2007
Posts: 842

Message Posted:
12/04/2009 21:03

What are the issues with leasehold?

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
12/04/2009 22:28

Yes

Anyone gone over to a leasehold option having been refused PTP? I hear that this is a suggestion for those finding themselves in this position.

rtddci


Joined: 29/12/2007
Posts: 842

Message Posted:
12/04/2009 23:07

My vendor (the builder) has suggested the leasehold option but I can't see the benefit to me. He would grant me a long lease but of course I still wouldn't own it. How would it protect my interest in my property? Would it cancel out my original contract? Can I then register the leasehold agreement to prevent the vendor taking out a mortgage without my knowledge? Any advice would be welcome.

fire starter


Joined: 19/06/2008
Posts: 3401

Message Posted:
13/04/2009 17:14

the property would have to be cheaper for starters, but you still can own a property in the uk and have a lease.

those people who live in flats have leases, but some also have a share of the freehold.

everything done is by a vote and every flat has one vote.

so if 10 flats are in the block all people with a lease own 1/10 of the freehold.

if you think flats in the uk and look at how you own it, and can still mortage it, you would need a good contract here though.

rtddci


Joined: 29/12/2007
Posts: 842

Message Posted:
13/04/2009 18:54

What concerns me is the advocates don't know about the law for freehold properties so quite what they'd make up for leasehold (and charge for) I dread to think. Has anyone gone down this route?

ROBnJO


Joined: 30/06/2008
Posts: 1289

Message Posted:
13/04/2009 19:16

With regard to the thread title 'House prices in TRNC',.....



Surely the only ones who can give definitive information are our favourite, trustworthy and honest Estate Agents here.



Would any of them be prepared to actually give details of real prices for properties sold over the last year or 3 months, & the number of sales achieved?



The information could easily be 'anonymous'.



If they are willing, I would happily try to assimilate all their information to provide an 'actual' picture of property sales by type, e.g. 2 bed appt, 3 bed appt, 3 bed villa etc,.... and by area,.... etc over a, say, 3 mth & 12 mth period.





surely they can't be afraid of giving such information anonomously?





Rob