www.talkcyprus.org

[depurple]

What does Turkish title deed mean?
http://www.turkishtitleproperties.com/

With regard to the purchase of land or buildings, here are the different types of property, and the title deeds, which one is likely to be offered.

Turkish title deed, as can be seen from the term, is a document that shows that the first owner of an immovable property is a Turkish subject person and/or Company.

Turkish (Foreign) Freehold - title deed are Turkish Cypriot, British or foreign owned pre-1974. These deeds are 100% safe and are internationally recognized.

Please note that before the property can be registered in your name, an application must be made to the Council of Ministers for approval.

cheers!
DP says IF you go to this website YOU will NOT find any properties sold for PEANUTS! That's For sure! In other words you wont GET the ORAMS buying any of these properties!
cheers again!

[erolz]

DP we have had this conversation time and time again.

The premium for property in the north that had turkish cypriot or non cypriot title deeds BEFORE 74 is around 30-50% max of property that had Greek Cypriot titles before 74. Yes there is a premium for such property , as it is both safer and rarer but it is NOT the 5 or 10 times premium that you have clamied in the past.

Nor is it the case that the only reason why someone buys property in the north with pre 74 Greek Cypriot title is because it is cheaper (esp those who brought pre Annan Plan boom). Some who bought pre 74 Greek Cypriot title land or property did so simply because that was what was available to them at the time they bought.

[depurple]

Hi Erolz I was quoting from an article I read:
I was reading a website that sold Clean Turkish Cypriot pre 74 land and houses and ones that had no clear title and the prices varied a great deal: But having said this do you really think that the Poms that bought land or houses or both didn't know that the titles where Greek Cypriot or stolen: I mean if I was offered a Plasma TV at the pub for $100Bucks would I ask for a manufacturers warranty?
cheers

[-mikkie2-]

Quote: Nor is it the case that the only reason why someone buys property in the north with pre 74 Greek Cypriot title is because it is cheaper (esp those who brought pre Annan Plan boom). Some who bought pre 74 Greek Cypriot title land or property did so simply because that was what was available to them at the time they bought.

Erol,

You seem to try and paint a picture of legitimacy in the way you describe the selling of stolen property in northern Cyprus.

The fact is, much of the property boom in the north is being run by crooks who have misinformed and duped people into parting with their cash, with dodgy title deeds, houses being sold 2 or 3 times to different people, unfinished houses, poor quality construction, no electricity or water etc etc. There are hundreds of people that have been conned basically.

If you believe that people are not attracted by the cheap prices compared to the south and are simply buying mainly for other reasons then you are kidding yourself.

Basically, the continued selling of other peoples land is simply wrong and cannot be condoned. This process can never be legitimised and there will be payback at some point.

[erolz]

-mikkie2- wrote: You seem to try and paint a picture of legitimacy in the way you describe the selling of stolen property in northern Cyprus.

No Mikkie I am just pointing out that the assertion that the ONLY motivation for buying property in the North that has disputed deeds is greed is just not the case. My father is a case in point. He did buy property that was on land that was on a disputed deed but he chose this property not because it was cheaper than a non disputed option but because it was what was available when he wanted to buy. Greed is not the only reason why someone chooses disputed property in the north, that is all I am saying.

-mikkie2- wrote:
The fact is, much of the property boom in the north is being run by crooks who have misinformed and duped people into parting with their cash, with dodgy title deeds, houses being sold 2 or 3 times to different people, unfinished houses, poor quality construction, no electricity or water etc etc. There are hundreds of people that have been conned basically.

There is truth in what you say I do not deny it. I could argue with the term 'much' but you are right there has been way too many cases like those you outline above in the Norths property boom (caused I might add by the Annan Plan vote). However whilst it is not justification for these things has there been a property boom ANYWHERE in the world where crooks have not ripped people off ?

-mikkie2- wrote:
If you believe that people are not attracted by the cheap prices compared to the south and are simply buying mainly for other reasons then you are kidding yourself.

Of course price is a consideration. What I dispute is that it is the ONLY consideration.

-mikkie2- wrote:
Basically, the continued selling of other peoples land is simply wrong and cannot be condoned. This process can never be legitimised and there will be payback at some point.

Once again I was not commenting on the legitimacy of such sales at all. I was just commenting on this idea that the only reason anyone buys property on such disputed deeds is greed. This is just not true in my experience and opinion. It is one factor but not the only one and for many it is not the overriding factor either.

[erolz]

depurple wrote: Hi Erolz I was quoting from an article I read:
I was reading a website that sold Clean Turkish Cypriot pre 74 land and houses and ones that had no clear title and the prices varied a great deal: But having said this do you really think that the Poms that bought land or houses or both didn't know that the titles where Greek Cypriot or stolen: I mean if I was offered a Plasma TV at the pub for $100Bucks would I ask for a manufacturers warranty?
cheers

Most purchasers are aware of the difference and the market has set a value on the safer deeds. Such safe deeds attract a 30=50% premium for two reasons, one they carry no risks re ownership and two they are scarcer by a ratio of 4:1 than the riskier deeded property.

No doubt for some people buying here finding the cheapest property they can is their only consideration, however for many it is not. For some reducing risk is their overriding priority and for them only safe deeded property is considered. Others also limit themselves to such safe property for 'moral' reasons. For yet others the over ridding priority is finding the right property in the right location for their desires, be it safe deed or not and be it expensive relative to others or not.

All I am saying is if you believe the only reason someone buys a property in the north on disputed deeds is because of greed and greed alone, then I think you are fooling yourself.

[depurple]

Erolz I will be in Cyprus in a few moths and I will be looking at:

1:Selling me land in the Nth:

2: Buying an apartment with a Turkish Cypriot title near the beach:

I have already spoken to a few agents:
My land was bought with Australian Dollars before 1974:

I have an apartment in Limassol near the Holiday Inn BUT I still feel like a stranger BUT when I am Kyrenia I feel at home!
cheers

[brother]

depurple wrote: Erolz I will be in Cyprus in a few moths and I will be looking at:

1:Selling me land in the Nth:

2: Buying an apartment with a Turkish Cypriot title near the beach:

I have already spoken to a few agents:
My land was bought with Australian Dollars before 1974:

I have an apartment in Limassol near the Holiday Inn BUT I still feel like a stranger BUT when I am Kyrenia I feel at home!
cheers

I have been told that any one that applies to the Turkish Republic of Northern Cyprus property commission that if their land has not been built on cannot be built on from the moment the Greek Cypriot application goes in and the return of the property is very likely, it would seem in the interest of all Greek Cypriot to get in an application if anything to stop any probable developement.

[depurple]

Thanks For That Brother: I will also inquire through a few Turkish Cypriot mates I have in the North and if it is true I may also apply:
BUT In my case it is easier to sell and with the interest I make from the money stay at the Dome Hotel drinking Bourbon & coke!
cheers

[erolz]

brother wrote:
I have been told that any one that applies to the Turkish Republic of Northern Cyprus property commission that if their land has not been built on cannot be built on from the moment the Greek Cypriot application goes in and the return of the property is very likely, it would seem in the interest of all Greek Cypriot to get in an application if anything to stop any probable developement.

My understanding is that is not quite the case Brother. The commission does not have the power to stop some one developing land after a claim has been submitted. However they WILL consider the status of the land from the date at which the claim was submitted and any subsequent development will not be a part of their assessment. In reality then this has the the effect of making such development highly risky for the developer and thus unlikely.

There is a fear from some Greek Cypriot that by submitting a claim they will simply encourage someone to start to develop their land. This should not be a worry and the commission has made public statements that it is only the status of the land at the time at which the claim is submitted that matters to their deliberations.