Buying property in Northern Cyprus

albie


Joined: 21/02/2008
Posts: 40

Message Posted:
21/02/2008 19:35

Hi,

just thinking of buying in Northern Cyprus but getting a little nervous about the land issue and whether title deeds can be challenged in the future. Has anybody got to the bottom of this.



Thanks

rtddci


Joined: 29/12/2007
Posts: 842

Message Posted:
21/02/2008 19:44

Albie

Big subject which does not have a definative answer until the North/South issue finally decided. Lots of discussion on the topic on this forum in the past.

Turkish title pre 1974 would be best bet although I could not recommend buying in the North without lots of homework, and certainly not off plan.

Martin

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
21/02/2008 19:50

There is a slim chance that some title deeds will be challenged in the future but no one has a crystal ball so in truth no one knows what will happen. However this has to be balanced with many other factors like you are buying at an extremely good price, and even if you have to pay compensation some say it will be at 1974 prices plus inflation. This still works out much cheaper than buying in the rest of the Med and any settlement would result in an increase in value to your property. Don't wish to get in an ethical debate so you should do more research and come to your own conclusion. If you are worried only buy pre 74 Turkish title deed which are supposed to be 100% internationally recognised.

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
21/02/2008 22:22

Albie,



I would strongly suggest you read....



Bulletin Board phpbb3now.com.......General chat



Registering contracts. Who is right and who is wrong? Page 2.



Very important information about the buying process.

wearytravellers



Joined: 27/04/2007
Posts: 250

Message Posted:
22/02/2008 05:18

Go talk to Terry Hamilton (Solicitor) he will keep you on the square with Property Titles, deeds etc.In the event (Long Term) that you need to compensate, it will be for the land only, and if you are in an apartment block with others, you will only have to pay an equal share.

Hope this helps

albie


Joined: 21/02/2008
Posts: 40

Message Posted:
22/02/2008 10:21

Thanks rtddc, Bradus and wynyardman - pretty much as I imagined and having looked at the info available wiil be taking a punt on the Thalassa beach resort. Looks great value and a risk worth taking.

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
22/02/2008 17:21

Albie, Isn't Thalassa beach Turkish title anyway? So there would be no risk.

Jo Valentine


Joined: 10/02/2008
Posts: 508

Message Posted:
22/02/2008 18:47

Hello Albie! Pleased to hear you'll be taking the plunge at Thalassa Beach.

I'm Jo, James Valentine Overseas Removals +44(0)1302 729595, Email: valentineremovals@hotmail.com. We're in Doncaster, Yorkshire but operate throughout the UK. So, working closely with Olaytrans, who are EXCELLENT, we do the initial survey, inventory sheets, costings, packing, export wrapping and loading (operatives trained to BAR standards), prepare the Shipping Lists, mop your fevered brows! then you relax and drink a few Efes while Olaytrans sort the shipping, ease your goods through Customs and deliver to your new home. My Parents moved from Leeds to Ozankoy in the 1970's so we can share some moving experiences!