thalassa beach resort SAVILLS claim land 100% safe and title?

andy-f


Joined: 03/05/2009
Posts: 1256

Message Posted:
11/06/2009 19:56

ive recieved a e-mail from savills who are selling these properties claiming TOTALLY SAFE TITLE DEEDS and (" indepenedently verified by uk lawyers and endorsed by savills") are they taking the p--s ? or is this true as we nearly bought here when it was only a field but we instead plumbed for sweetwaterbay, we are more than happy with our choice i might had. .

the butler


Joined: 22/06/2007
Posts: 1958

Message Posted:
11/06/2009 20:33

Hi andy - f,



If my memory serves me right, I think these were advertised as pre74 Turkish Title deeds. So the land should be alright but whether you wil get ptp is another matter and only time will tell. Personally I don't like that side of the TRNC and think you are better where you have bought.





The butlers wife

andy-f


Joined: 03/05/2009
Posts: 1256

Message Posted:
11/06/2009 22:31

thanks butlers wife, well if they are pre 74 turkish title they must be having problems selling them as i thought all properties with this type of title where the most expensive and you can buy a appartment here for forty five grand?

Blackpoolfan


Joined: 03/12/2008
Posts: 1568

Message Posted:
11/06/2009 23:09

andy f

We also looked at the same field with savills shown around by a guy named Andrew, nice guy but don't like to take no for an answer. Decided against it as nothing their within miles all going to be built on ifs and maybe's.

andy-f


Joined: 03/05/2009
Posts: 1256

Message Posted:
11/06/2009 23:28

hi steve, and no fresh water to fish either! its strange because i was only thinking the other day about when we went to see the field and i was wondering how it was progressing (you never see a post on here about the development) then day after i got e-mail !spooky as they say



regards andy

RedSnapper


Joined: 12/08/2008
Posts: 540

Message Posted:
11/06/2009 23:39

Myself and friends also went to have a look with a view to investing and drove along the coast from Famagusta and thought how(even for TRNC) quiet and isolated it was.

Had lunch at a little marina type place near Bafra and no-one about!

There was a large hotel complex we went in, think it was Artemis and again no-one about at all.

Drove up towards the site and you have to go past a large sewage plant that was a bit of an eye sore.

Settled for Esentepe and the golf instead.

May get going one day but in my mind many years.

stusimpson


Joined: 06/08/2007
Posts: 178

Message Posted:
12/06/2009 01:44

Having bought there and set up the following forum for owners:



http://www.thalasaowners.com



I think you'll find the land was checked out equally by both local and UK lawyers,as it was a concern for all those who bought.I for one am glad Kensington and Savills are at last stressing the importance of the land title.The land was sold by a greek to an israeli,so no disputes ahead in the future at this stage.



Also I think most people bought because they like the peace and isolation of the place,and if it all goes to plan it will be a very nice place to stay,and I understand 70% are sold already.



Cheers Stu

tommy13


Joined: 29/04/2009
Posts: 979

Message Posted:
12/06/2009 08:25

Thallasa bay , in my opinion is one of the top developments in TRNC , i know the developer/owners , ive seen the title deeds and know the whole story about it very well indeed , It is 100 % safe . It is pre 74 turkish title deed ....I would advise anyone to purchase there , its also has great investment potential , there are already 9 'vegas ' style theme hotels being constructed around there , it will have great rental potential and be a great holiday home, i think the only development along the bafra beach strip that is residential as opposed to a hotel/tourism project.

Codger


Joined: 03/04/2009
Posts: 153

Message Posted:
12/06/2009 08:58

Sorry I am lost on this one.



If the land is 100% safe pre 74 Turkish title how come a Greek has sold it to an Israeli ?



Better start re-checking!



Codger

tommy13


Joined: 29/04/2009
Posts: 979

Message Posted:
12/06/2009 09:36

Hi codger ,, how the devil did you know that ? your well imformed (to some extent)! the story goes like this ... the greek in question had purchased it from a turk , it was an original turkish title deed .( greeks and turks use to do business no problem back then ) That greek man stayed in the TRNC during the events of 74 , and remained here and did not immigrate to the south ! He also got a TRNC 'KIMLIK ' Card... he remained in his villaige and kept legal title. That greek man died and the land passed to his sons ( he had a few ) , these sons of him all came to trnc and did the deal with israelis ! and thats the story ... hence it is a solid plot !

everon


Joined: 18/04/2009
Posts: 956

Message Posted:
12/06/2009 09:41

mmmmmmmm !!!!!!! not sure !!!!!!!!!!!!!!

tommy13


Joined: 29/04/2009
Posts: 979

Message Posted:
12/06/2009 09:44

i am speaking with real knowledge not hearsay ....

negativenick


Joined: 10/11/2008
Posts: 6023

Message Posted:
12/06/2009 10:01

last time i heard such optimism was when they said Hitler wouldn't invade Poland.....

Codger


Joined: 03/04/2009
Posts: 153

Message Posted:
12/06/2009 12:36

Must say it sounds a bit improbable to me as according to the explanation the deeds are not Pre 74 Turkish Title but Pre 74 Greek Cypriot title.

Believe it can be checked out with the ROC Land Registry to see who's name the actual title deed is in, has anyone done this?



Where's mmmmm when you need him?



Codger

stusimpson


Joined: 06/08/2007
Posts: 178

Message Posted:
12/06/2009 13:32

Codger,



To be fair I've got in my possession 3 letters confirming the land sales were all legal and there is no comeback,completely safe 100% title ,and most of them originated from Savills enquiries many years ago.



You can question all you like,70% of the buyers solicitors have checked this out too as it was one of our main concerns,and each time its come back as advertised.I appreciate that people like yourself may well be curious and anyone in Northern Cyprus can question the deeds,but after all this investigation by many people,if it turns out to be one big lie,Savills will be sued many times over.



Its very unusual but yes ,this is a perfectly safe 100% place to buy,it may upset some people in Northern Cyprus who don't have this safety net but it does exist.No doubt some of you who've been there for a while will still cast doubt,but on this occasion you'd be wrong.



70% sold already!

Cheers Stu

Tiggy


Joined: 25/07/2007
Posts: 1994

Message Posted:
12/06/2009 13:40

Hello Stu,



Are their any recent photos of the developement progressing that I can view?



Cheers,



P.

Codger


Joined: 03/04/2009
Posts: 153

Message Posted:
12/06/2009 14:25

Stu



If you look at the main estate agents sites for North Cyprus properties you will find that they have all made a special effort to calm any fears about land ownership. The main effort is telling prospective customers that the land is 100% safe and of course it is in their own interest to say so or they would have no customers.

You say you have letters from your agent/developer telling you the land is 100% safe, it will be easy therefore with the details they have given you to check with the ROC land registry and verify this.

I am not trying to be confrontational but for peace of mind check it out as the story of the land does appear to be a bit suspect and you only have a very interested party's word for it.



Codger

queue


Joined: 07/04/2008
Posts: 8

Message Posted:
12/06/2009 15:35

Codger,



I have also bought at Thalassa and can confirm what Stu is saying about the title deeds. They were sold by a Greek who remained put in 74 to the Israeli developers i.e it was there's to sell in the first place. By all means have your doubts but I (and many others) have now been looking into this for nearly 2 years and feel we have a good idea what's going on.



We have had numerous discussions on the blog that Stu set up - thalasaaowners.com - regarding the land issues and the Oram case along with other matters.



Regards,



Q.

ilovekibris


Joined: 18/05/2009
Posts: 394

Message Posted:
12/06/2009 16:35

What was this mysterious GC's name and where did he live? Who was the Israeli? Who verified the sale? The only way to authenticate this is to check with the ROC Land Registry in Acheon Str, Nicosia. I'd say on the balance of probabilities the land is Greek Cypriot.

RedSnapper


Joined: 12/08/2008
Posts: 540

Message Posted:
12/06/2009 21:39

Is Turtle Bay Village safe too as that is from the same developer and had similar sales promises and is hailed as the best development in North Cyprus and their Flagship

andy-f


Joined: 03/05/2009
Posts: 1256

Message Posted:
12/06/2009 22:06

all buyers on turtle bay village were told its exchange land, well thats what im being told.

madturk


Joined: 25/03/2009
Posts: 217

Message Posted:
13/06/2009 00:59

i was one of the first people to buy along the new esentepe road. i was offered that land for £11,000 per donum, i bought on the mountainside ,cheaper.

was told nearly all the land in this area was tmd land

stusimpson


Joined: 06/08/2007
Posts: 178

Message Posted:
13/06/2009 12:17

Red snapper,



I think you'll find that is incorrect with turtle bay village.Where in the sales literature does it say 100% undisputed safe land title?



I have the original brochures and it doesn't say anywhere.



Stu

queue


Joined: 07/04/2008
Posts: 8

Message Posted:
13/06/2009 12:18

So much speculation as to the land title from people who haven't even bought here..........why?



If it's not your money then why worry and, if you are interested in buying, I certainly wouldn't recommend you base the purchase on the messages from a website!



Redsnapper - Turtle Bay is the same developer but I don't believe it's the same land title.



Regards,



Q.

Beatrice


Joined: 08/01/2009
Posts: 25

Message Posted:
13/06/2009 12:46

Hi

I am also a buyer at Thallaso and knew before we purchased that it was "buyer beware" in North Cyprus, we did our homework and we are completely re-assured about secure titles and believe we did pay a premium for this peace of mind. Savill's is a very well respected and experienced company.

I think, in the long term, this will be a superb development. When you look at the 5 star hotels being constructed around us this will be a fantsatic coastline. They are starting with a clean slate and facillities will develop around the area. We are in no rush, have not bought as an investment, but feel our money will be well spent. We were very tempted by Sweetwater Bay, - a lovely development - but the location and title tipped the balance at Thallaso for us. If your a prospective buyer - hope this is helpful for you.

ilovekibris


Joined: 18/05/2009
Posts: 394

Message Posted:
13/06/2009 14:38

Tiggy,

Your dream to learn Greek language and culture may well come true sooner than you expected.

stusimpson


Joined: 06/08/2007
Posts: 178

Message Posted:
14/06/2009 00:34

Anyone in this climate who thinks its easy to sell a property in N.Cyprus needs to visit your local Turkish doctor,Thalassa is 70% sold and in this climate thats pretty good in my opinion.



Also you never see a post on here because most people use the thalassaowners.com forum to discuss the site,and certainly there's a huge amount of people on here that would put the fear of god in anyone who's bought anywhere!



I'm glad Savills are upping the campaign to sell the remaining 30% and using there "undisputed" pitch to do it.Savills is a big company,I'm not sure why some of you cast doubts,I have my opinions but I'll keep them to myself.



Stu

albie


Joined: 21/02/2008
Posts: 40

Message Posted:
14/06/2009 10:05

Just to add to this debate. We have bought at Thalassa and whilst there may always be a slight element of doubt so many people have now crawled all over the documentation regarding the land - including Savils and the message has always been the same - no problem. Also if you look at the build progress it has been spot on with all the time scales met to date. We are now getting to the point of selecting interiors etc and I fully expect our apartment to be completed on time - by April 2010. So far there have been no problems and I am sure Thalassa will benefit from the experiences of other developments in NC. We are going out to see progress in two weeks time and am sure that we will not be disappointed - onwards and upwards,



Albie

RedSnapper


Joined: 12/08/2008
Posts: 540

Message Posted:
14/06/2009 12:05

Mr Simpson i have not been in a position to view the sales literature you possess concerning other developements however i have viewed brochures from the inception back in 2005 concerning Turtle Bay given by Continental Estates and Turtle Bay properties, both companies charged by the developer to retail their products so i expect a similar situation relating to the vending of Thallassa.



My post asked a question and did not therefore pose a statement.



In with aforementioned sales literature given by the developer and their agents there are statements regarding the land situation informing those considering buying and investing in their product and indeed the emerging property market of the TRNC.



The brochures and associated sales literature were given to me by a Continental Estates sales employee-Sam Perry.

stusimpson


Joined: 06/08/2007
Posts: 178

Message Posted:
14/06/2009 15:36

Mr Redsnapper,almost all the brochures for Northern cypriot properties have some form of bumph pertaining to the land.



The reason I said you were incorrect was because I am sat here looking at the original Turtle Bay brochure and it does not offer a similar sales pitch,i.e "undisputed 100% safe title",checked and clarified by UK and Cypriot lawyers.



So in my humble opinion ,they don't have similar promises,albeit at the time I'm sure they assumed it would be their flagship N.Cypriot resort.



I'm not picking fault I was just claryfying what you meant,I assumed you were talking about the 100% safe bit.



All the best,



Stu

beachboy


Joined: 12/04/2008
Posts: 11

Message Posted:
14/06/2009 17:16

We have received confirmation from the developer and Saviils who actually saw thw deed befor promoting this development at Talassa beach. According to the deed the land has been bought from the original Greek owner who had possessed the land after 1974 and hence was not displaced during the dispute. I would think that there should be no reason for any legal problems regardin the ownwership of the land.

Bolli


Joined: 14/06/2009
Posts: 1

Message Posted:
14/06/2009 19:56

we have also bought at Thalassa and so far have been very impressed and have no worries about the Title, I am not naturally optimistic about property abroad after a bad experience in Turkey but this is ticking all the boxes and looking forward to taking posession next year.

beachboy


Joined: 12/04/2008
Posts: 11

Message Posted:
24/06/2009 22:48

The development seems to be progressing well and the people who have seen the showroom have not been disappointed with the fittings. This is encouraging. Now it is upto the politicians to sort out the mess so that NC can have better access to South

queue


Joined: 07/04/2008
Posts: 8

Message Posted:
25/06/2009 16:19

I have received an email from the developer confirming that 40% have been sold, 30% are reserved and that leaves just 30% still available. I needed my calculator for the last bit!



They also advise me that completion of phase 1 and 2 is due June 2010.



Q.

stusimpson


Joined: 06/08/2007
Posts: 178

Message Posted:
03/11/2009 16:55

http://www.cyprus-invest.com/Dev2Go.web?id=226234



New Thalassa website.



Can all owners register with



WWW.THALASSAOWNERS.COM



Cheers Stu