North Cyprus – Should I or Shouldn’t I ???????

SuziSuz


Joined: 13/07/2010
Posts: 135

Message Posted:
27/03/2012 11:56

This is a lengthy email recveived with a writers view on TRNC Property Purchase



Quite an interesting read



http://agabuyersactiongroup.wordpress.com/2012/03/27/north-cyprus-should-i-or-shouldnt-i/

britvic



Joined: 05/09/2008
Posts: 3039

Message Posted:
27/03/2012 13:06

Well done, and I think I know who the author of the email is too.

EricCrapton



Joined: 30/12/2010
Posts: 325

Message Posted:
27/03/2012 13:19

Very interesting and informative article. I urge any person who is considering purchasing property in TRNC to click on the link in message 1.

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
27/03/2012 13:21

I am the author. As you can see I did it in response to AJ's challenge. Unfortunately because of the length of it I couldn't post it on Cyprus 44. I value any comments/discussion. The main objective is to make new buyers aware of some of the pitfalls and how to safeguard their new home and money.

cooper


Joined: 23/10/2007
Posts: 3386

Message Posted:
27/03/2012 13:38

As always you have hit the nail on the head Bradus.

EricCrapton



Joined: 30/12/2010
Posts: 325

Message Posted:
27/03/2012 13:42

Is there a sure way of foriegn nationals safeguarding their home and money over here in the TRNC?

AndyR



Joined: 23/04/2009
Posts: 317

Message Posted:
27/03/2012 13:49

Very interesting. As I've learned more about property in the North and read the horror stories I've always wondered why simultaneous exchange of purchase price and deeds was not written into the contract of sale. It seems such a simple way to ensure that you get your deeds, or am I being naive?

EricCrapton



Joined: 30/12/2010
Posts: 325

Message Posted:
27/03/2012 13:53

MSG. 7 No disrespect but I'm afraid you are!

AndyR



Joined: 23/04/2009
Posts: 317

Message Posted:
27/03/2012 13:56

EricCrapton .....

None taken! Can you explain why it doesn't work. Surely if you're sat there with your pocketful of hard-earned and the seller sits there with empty hands you simply walk away?

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
27/03/2012 13:58

Message 6.



Only by getting PTP first, then organising simultaneous exchange of deeds and money. No deeds, no money.If the PTP is only taking 3 months then this is possible. Houses are not selling well and this is not an unreasonable time scale for a sale to be completed. It is doable (is that a word?) but unfortunately this option is not promoted by the developer, advocates and estate agents for obvious reasons and buyers simply go along with what their advocate's advice.

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
27/03/2012 14:03

I wouldn't put much emphasis on the security of the contract because we all know they mean very little in the TRNC. However I would have the simultaneous exchange of deeds and money wrote into the contract as a form of "action plan" so that all involved knew how to proceed.

AndyR



Joined: 23/04/2009
Posts: 317

Message Posted:
27/03/2012 14:04

Bradus .....

Do you have to use a TRNC advocate? Could you use a UK solicitor to deal with the purchase or is there something in TRNC law that prevents this?

davpat


Joined: 23/08/2011
Posts: 225

Message Posted:
27/03/2012 14:05

Most articles are concerning new build,surely buying a resale from a "foreigner" with Deeds in their name is a safer option?





David

EricCrapton



Joined: 30/12/2010
Posts: 325

Message Posted:
27/03/2012 14:20

MSG 9 I suggest you read Ms Nehmet's article again. I'm afraid the pit-falls seem to be every step of the way. Wether you buy new or existing, foriegn nationals are only TEMPORARY VISITORS! I believe the last two words in my previous sentence say's it all!

AlsancakJack



Joined: 14/08/2008
Posts: 5762

Message Posted:
27/03/2012 14:51

Bradus

Excellent!! this is what has been needed for sometime. Hopefully it will put a stop to all of the misinformed and libelous postings that have appeared on this forum. I hasten to add that I do not disagree with any of the information presented in the link in message 1.

AJ

SuziSuz


Joined: 13/07/2010
Posts: 135

Message Posted:
27/03/2012 15:12

" I suggest you read Ms Nehmet's article again " The article was writen by Bradus not Mehmet

Sugarpuffbear


Joined: 14/05/2010
Posts: 64

Message Posted:
27/03/2012 15:50

Great article.

Necessary reading for everyone considering any property purchase in Cyprus.

Absolutely brilliant.

Thank you.

EricCrapton



Joined: 30/12/2010
Posts: 325

Message Posted:
27/03/2012 17:01

Msg 16 'The article was writen by Bradus not Mehmet'



Bradus Memhet, Memhet Bradus, it matters not a jot. It is a great article and is a good reply to AJ’s challenge to highlight the dangers involved.

SuziSuz


Joined: 13/07/2010
Posts: 135

Message Posted:
27/03/2012 17:27

sorry eric crossed wires........xxxx

EricCrapton



Joined: 30/12/2010
Posts: 325

Message Posted:
27/03/2012 17:38

No problem Suzi XXXX

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
27/03/2012 18:35

An excellent article. A must read for any proposed purchaser.



I would like to add, that if your property is on Exchange Land, until there is a comprehensive settlement of the



Cyprus problem, you do not know whether additional payment will be required or if your deeds (kochan) has



International recognition. What would be the status of your kochan in the unlikely event of Turkey annexing



Northern Cyprus?



Far too risky to buy at present in my opinion

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
27/03/2012 18:40

Message 12. Yes you have to use a TRNC advocate. Only in the EU will you be able to use a British Solicitor. This new initiative is to being rolled out gradually over the next few years, having been evaluated in several countries.



Won't Southern Cyprus will be in for a big shock?

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
27/03/2012 18:49

Message 13. I agree most problems stem from buying off plan and it is a much safer option to pay a resale where the owner has deeds.



If you do this and only do simultaneous exchange of deeds and money you should be home and dry. Unfortunately people pay the money and then sit back and wait and wait and wait. It really is about not opening up any windows of opportunity that leave you vulnerable and a sitting duck.



There is a way to take control and we should all be united in saying this to any new buyers. Its not just about helping and protecting buyers, its also about restoring faith in the property market, encouraging sales and improving the economy.

EricCrapton



Joined: 30/12/2010
Posts: 325

Message Posted:
27/03/2012 19:55

'There is a way to take control and we should all be united in saying this to any new buyers. Its not just about helping and protecting buyers, its also about restoring faith in the property market, encouraging sales and improving the economy.'



Can't help thinking things have gone too far! It would need a major turn around from TRNC Government to restore faith in the building industry and I just can't see that happening!



Now, in the unlikey event that in July Turkey desides to annex TRNC, who knows what changes that would bring about?

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
27/03/2012 20:23

Turkey could have intervened ages ago. The problems have been brought to her attention on numerous occasions. They are well aware of what is happening. I don't hold out much hope as Turkey has a similar conveyancing system and similar property problems.

TRNCvictim


Joined: 17/08/2010
Posts: 1417

Message Posted:
27/03/2012 22:10

AlsancakJack (mess 15)



What misinformed and libelous posting are you referring to regarding property postings?

AlsancakJack



Joined: 14/08/2008
Posts: 5762

Message Posted:
27/03/2012 22:21

TRNCvictim

I am not going to get into a debate that takes this thread off topic.

What Bradus has done is what should have been done a long time ago. Pure facts without any direct accusations. It may not be to your liking but Bradus has achieved and will achieve more than most of the other vitriolic posts that have appeared on 44.

Either accept it or butt out.

TRNCvictim


Joined: 17/08/2010
Posts: 1417

Message Posted:
27/03/2012 22:40

AlsancakJack



I accept that Bradus has done more for the truth about the TRNC than I could ever have done! and it most certainly IS to my liking!



You said in your post 15 and I quote:-



Hopefully it will put a stop to misinformed and libelous postings that have appeared on this forum!



All I am asking is "What misinformed and libelous posting are you referring to regarding posting's by property victims"?



I will not butt out, because I think this is one of the most important threads on this board for a long time!

written by someone I have the utmost respect for!



The thread will certainly NOT be off topic if what Bradus has written is debated! will it?

AlsancakJack



Joined: 14/08/2008
Posts: 5762

Message Posted:
27/03/2012 22:48

TRNCvictim

Read my message 27 again and understand rather than try to introduce your own agenda.

End of, and sorry but no more communication with you. Just let the thread run the way it should go.

TRNCvictim


Joined: 17/08/2010
Posts: 1417

Message Posted:
27/03/2012 22:56

I have no agenda, other than the truth!



What is your agenda AJ?

niceone


Joined: 08/06/2011
Posts: 60

Message Posted:
27/03/2012 23:03

Good work Bradus x

birdman



Joined: 20/09/2010
Posts: 690

Message Posted:
28/03/2012 00:02

Bradus, not only was the post/article good, I believe it should be COMPULSORY reading for any one thinking of buying a property in the TRNC.!



I added some further advice on the replies to your article which may be of assistance to prospective buyers.



Gerry

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
28/03/2012 00:15

Thanks Gerry. The more information we can give to new buyers, the better.

gemini39


Joined: 16/09/2011
Posts: 89

Message Posted:
28/03/2012 00:53

From the article , can anyone explain what HBPG stands for and does it meet every Tuesday at the Pia Bella?

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
28/03/2012 00:58

Home Buyers Pressure Group



see http://www.hbpg-trnc.net/



Details of meetings on site

pollymarples


Joined: 08/08/2010
Posts: 1778

Message Posted:
28/03/2012 07:30

Great article.

walkerscott


Joined: 13/08/2009
Posts: 901

Message Posted:
28/03/2012 08:01

A good, informative and well balanced piece.

I will place the link on my website ...

http://no-deeds-no-money.moonfruit.com

Tenakoutou



Joined: 27/07/2009
Posts: 4110

Message Posted:
28/03/2012 09:56

The only thing missing in this thread is 'Negative Nick's' input!!!

spangles


Joined: 22/10/2008
Posts: 411

Message Posted:
28/03/2012 10:33

Good article. Will it be forwarded to any Attorney/Estate Agent/Government representatives?

SuziSuz


Joined: 13/07/2010
Posts: 135

Message Posted:
28/03/2012 11:10

please post the link wherever you can so we can it out there



http://agabuyersactiongroup.wordpress.com/2012/03/27/north-cyprus-should-i-or-shouldnt-i/



its now on



http://www.freewebs.com/trncpropertywarning/

Tenakoutou



Joined: 27/07/2009
Posts: 4110

Message Posted:
28/03/2012 11:41

Any non Turkish Cypriot prospective buyers should be aware that unless they have citizenship [Kimlik card], they are merely 'temporary visitors' and as such have no permanent residency. So, if a person is reliant on being granted a one or two year visa, which, depending on various personal criteria, may or may not be granted, how can anyone claim to have secure and outright freehold ownership of any property in TRNC - it's impossible!



So, no matter whatever category the property is classed in, a foreigner cannot, under present TRNC residency restrictions, own it - it really is as simple as that; nobody can dispute the facts!



Before even contemplating purchase, any potential buyer should take the above advice very seriously before parting with any money, or signing any Contract of Sale!