North Cyprus testing the housing market

Deniz1


Joined: 28/07/2009
Posts: 3829

Message Posted:
17/05/2010 05:53

I am toying with the idea of selling my house and renting instead (less hassle ) It is a semi detached two bed house in Bufavento Village Catalkoy. Fabulous views of sea and mountains which cannot be blocked by building!. Guaranteed title deeds and an honest builder. I have lived on the site for 6 years in two different houses. There is a lovely communial pool and well kept gardens. The site fees are £285 a year. My house has upstairs bathroom and downstairs cloak room. Recently damp proofed with a guarantee. Small easy to care for garden. I would consider selling it furnished. £60.000 plus furniture if required.

Geoff


Joined: 25/06/2008
Posts: 1370

Message Posted:
17/05/2010 08:51

Unless it is on pre-1974 Turkish Deeds forget it matey!

Geoff

Famagusta City

cooper


Joined: 23/10/2007
Posts: 3386

Message Posted:
17/05/2010 08:55

I disagree Geoff with the recent ECHR ruling i think your better of buying on exchange lane opposed to pre-74 because atleast you should be granted your PTP.



Just my opinion.

Geoff


Joined: 25/06/2008
Posts: 1370

Message Posted:
17/05/2010 12:31

Noted Cooper - however there should be no problem obtaining a PTP on a pre-74 deed. We have heard on this forum of the odd problem, but as far as I can ascertain the problems were to do with other factors, rather than what type of deed the property is on. European buyers are at the moment VERY nervous about buying here - which is why I reckon you've a better chance of selling if the deed is pre-74. I gues you are right in that IF the EU economies pick up and then as a result the deman d for houses here picks up - THEN I agree your comments.

Cheers,

Geoff

Famagusta City.



P.S. My problem is selling a property we still own in the ROC. Wish I had never bought over there - but it was before the border was opened up by the TRNC.

Deniz1


Joined: 28/07/2009
Posts: 3829

Message Posted:
17/05/2010 12:39

The land was owned by the TRNC government and after the forest fire of some years ago it was allowed to be developed. Everyone who has applied for their PTP has been given it and 90percent of the owners now have individual Kocans, I dont because i moved house and as you know the process starts all over again. If i can sell it before i pay out any more money i will rent in the same area as its wonderful living here.

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
17/05/2010 19:35

Sorry but I have to disagree,



pre 74 is not being issued to foreign buyers. Seek your confirmation from Marian at the HBPG, the odd honest advocate or the British High Commission. Better still go along to the Pia Bella Tuesday at 12.30 and meet some of those that have been refused for absolutely no reason.

cyprusairsoft



Joined: 22/06/2009
Posts: 2066

Message Posted:
17/05/2010 20:41

lovely community pool complete with its fagbutts and beercans and bottles in all the planters!



thanks but no thanks

Deniz1


Joined: 28/07/2009
Posts: 3829

Message Posted:
17/05/2010 21:53

Not in our communial pool its totally clean as we care about where we live unlike some.

barnaclebill


Joined: 12/12/2008
Posts: 303

Message Posted:
17/05/2010 21:59

Hear Hear Deniz unless cyprusairsoft knows something we dont.