Is it any safer to buy property in North Cyprus since the Orams' case?North Cyprus Forums Homepage Join Cyprus44 Board | Already a member? Login
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aintreemaid
Joined: 24/02/2010
Posts: 6
Message Posted:
19/09/2011 16:04 | | Join or Login to Reply | Message 1 of 20 in Discussion |
| I am totally confused by the number of conflicting opinions about the safety, or otherwise, of expats buying property in Northern Cyprus. Does anybody really know how things stand and, if so, will they please share the secret once and for all? |
tomsteel
Joined: 22/06/2009
Posts: 482
Message Posted:
19/09/2011 16:05 | | Join or Login to Reply | Message 2 of 20 in Discussion |
| Do NOT buy - rent. |
martinD41
Joined: 06/09/2010
Posts: 3001
Message Posted:
19/09/2011 16:17 | | Join or Login to Reply | Message 3 of 20 in Discussion |
| In a word NO... |
girne 29
Joined: 06/12/2007
Posts: 1488
Message Posted:
19/09/2011 17:36 | | Join or Login to Reply | Message 5 of 20 in Discussion |
| ''Does anybody really know how things stand and, if so, will they please share the secret once and for all?'
The 'secret' has been shared countless times over the years --NO,NO,NO, and still people ask if its safe.
The information is there. |
tomsteel
Joined: 22/06/2009
Posts: 482
Message Posted:
19/09/2011 19:08 | | Join or Login to Reply | Message 6 of 20 in Discussion |
| The quote, "you can take a horse to the water, but ----------", springs to mind. Or these are spoof posters. |
No1Doyen
Joined: 04/07/2008
Posts: 16617
Message Posted:
19/09/2011 19:41 | | Join or Login to Reply | Message 8 of 20 in Discussion |
| Turkish titled property is ok to buy. |
wanderer
Joined: 05/02/2009
Posts: 1653
Message Posted:
19/09/2011 19:48 | | Join or Login to Reply | Message 9 of 20 in Discussion |
| Martin this is a 2009 article and the Greek Cyp issue has been superseded by the IPC being put in place by Turkey this stops orams type cases by the EHCR ruling something that cannot happen in the south as their property guardian is obstructive in the rules it lays down
The real problem is with banks and builders not releasing property deeds and having mortgages on them even though the buyer has paid for them in full on both sides the FCO says don't buy in Cyprus North & South |
martinD41
Joined: 06/09/2010
Posts: 3001
Message Posted:
19/09/2011 20:03 | | Join or Login to Reply | Message 10 of 20 in Discussion |
| Thank you Wanderer, but the massage stays the same does it not....  |
Bradus
Joined: 25/02/2007
Posts: 2641
Message Posted:
19/09/2011 20:42 | | Join or Login to Reply | Message 11 of 20 in Discussion |
|
Message 8
"Turkish titled property is ok to buy"
Really?
Would you like to explain why you have reached this conclusion please? |
martinD41
Joined: 06/09/2010
Posts: 3001
Message Posted:
19/09/2011 20:49 | | Join or Login to Reply | Message 12 of 20 in Discussion |
| msg11.msg8 omitted to say it's OK if you are TC.... |
No1Doyen
Joined: 04/07/2008
Posts: 16617
Message Posted:
19/09/2011 21:07 | | Join or Login to Reply | Message 13 of 20 in Discussion |
| Thanks Martin. ) |
aintreemaid
Joined: 24/02/2010
Posts: 6
Message Posted:
19/09/2011 21:53 | | Join or Login to Reply | Message 14 of 20 in Discussion |
| Thanks, everyone - that's a "No", then! |
Bradus
Joined: 25/02/2007
Posts: 2641
Message Posted:
19/09/2011 21:56 | | Join or Login to Reply | Message 15 of 20 in Discussion |
| Wait for the repercussions from the Gary Rob case and lets see then if its safe to buy then This is more relevant than the Orams
IPC are only effective if the GC owner of the property you have purchased, uses it and accepts financial compensation. However the IPC has been very underused and most GC are choosing to wait until there is a settlement. So no one has a crystal ball and knows what the outcome will be.
Andre thinks that if there is unification with the ROC your house price will rocket. I think you will be doomed if it's a holiday home and will be lucky to hang onto your ownership should this happen. Those with residency maybe lucky but will be asked for compensation payments or some sort of leasehold payment. That's the problem we have assumptions but not fact.
The only fact, is that in any settlement, the needs of expats will be at the bottom of the list of priorities. |
martinD41
Joined: 06/09/2010
Posts: 3001
Message Posted:
19/09/2011 22:02 | | Join or Login to Reply | Message 16 of 20 in Discussion |
| I agree with Bradus, If there is a reunification/settlement, there is "no" reason to assume that it will go in favour of the Ex-pat community, it may well go against them... |
No1Doyen
Joined: 04/07/2008
Posts: 16617
Message Posted:
19/09/2011 22:08 | | Join or Login to Reply | Message 17 of 20 in Discussion |
| message 15. Totally agree. |
Tonyta
Joined: 11/06/2011
Posts: 122
Message Posted:
20/09/2011 13:53 | | Join or Login to Reply | Message 18 of 20 in Discussion |
| Makes you wonder why so many expats have purchased property and enjoy living in the TRNC???????????? |
Tonyta
Joined: 11/06/2011
Posts: 122
Message Posted:
20/09/2011 13:54 | | Join or Login to Reply | Message 19 of 20 in Discussion |
| Makes you wonder why so many expats have purchased property and enjoy living in the TRNC???????????? |
cooper
Joined: 23/10/2007
Posts: 3386
Message Posted:
20/09/2011 14:07 | | Join or Login to Reply | Message 20 of 20 in Discussion |
| Well I'm really confused now No1 because you said because we have the guarantee we were 100% safe |
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