5 donums of land expats allowed to purchase under new law

scootex



Joined: 03/03/2009
Posts: 908

Message Posted:
24/12/2009 12:34

Is it true ? just had a meeting with a business colleague and he tells me that a the law on building restrictions is being lifted so developers can build more on previously banned sites .The interesting thing for me is though ,is that he said the restriction on the amount of land a expat can purchase is now up to 5 donums .I did hear something about this sometime ago (I think it may of been part of the new governments manifesto) . Although this guy is in the know ( he told me about continental having difficulties about August time ) I am not sure whether he is correct so has anybody heard anything . Oh and by the way he reckons the Orams case will be sent back to the European court but only have there is apolitical settlement .he also said that the president will publish the points that they have agreement on be interesting to see if he is correct

chinaeyes


Joined: 13/02/2009
Posts: 425

Message Posted:
24/12/2009 12:59

I'm sure i have heard of this been able to have five donums quite a while a go but you are only allowed to build one house on the five donums.Someone on the board will know for certain.

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
24/12/2009 13:12

How many new laws were introduced in 2009?

scootex



Joined: 03/03/2009
Posts: 908

Message Posted:
24/12/2009 13:14

Hi yes I knew that it was only one house but I did not know whether law on the area of land had been changed or was it just talk

littlejohn


Joined: 09/03/2009
Posts: 316

Message Posted:
25/12/2009 02:33

I can't believe you lot are asking the question after all the problems with property in TRNC !!

minertor



Joined: 14/02/2009
Posts: 1238

Message Posted:
25/12/2009 07:59

msg 5: what problems would that be littlejohn? have you had any yourself?

Tony

scootex



Joined: 03/03/2009
Posts: 908

Message Posted:
25/12/2009 13:56

Little john having seen your post on other threads your are obviously very disturbed have you thought about seeking professional advice or do you have your own hidden agenda for upsetting people

scootex



Joined: 03/03/2009
Posts: 908

Message Posted:
28/12/2009 11:31

So does any body know if it's true or not

gillken


Joined: 25/05/2008
Posts: 521

Message Posted:
28/12/2009 12:48

I was aware this was approved by the government but as yet has not been passed.

cooper


Joined: 23/10/2007
Posts: 3386

Message Posted:
28/12/2009 14:24

Info here - http://nmplegal.com/pdf/Guide%20to%20Purchasing%20property%20018%2005%2009%20_new_%20_3_.pdf



Cooper

Moover321


Joined: 11/04/2009
Posts: 649

Message Posted:
28/12/2009 14:35

Yes, so you can by 5 doums and wait 2 years to get your PTP and then be turned down....or get your PTP and then wait another 3-5 years to get your title deeds.



Sounds like a redherring to allow foreigners to buy more land and or property which they may never actually own



Looks like someone wants to show they are doing something to help foreigners - when in reality nothng has really changed - only you'll part with even more money for something you may never actually own