North Cyprus Government Refuses to Hand Over Deeds to Buyers

Royal Tunbridge Wells, UK -- (SBWIRE) -- 03/15/2010 -- As if the Oram’s verdict is not enough to worry foreign buyers of property, now the North Cyprus Government are refusing to allow purchasers of undisputed pre 74 Turkish Title land and properties to have their title deeds. Is this a shot in the foot for the Turkish Cypriot government or a stab in the back for the purchasers?

After a verdict in the European court of Human Rights ruled that the Oram’s, a British couple must demolish their property in North Cyprus which they had bought from a Turkish Cypriot but was originally owned by a Greek Cypriot, the North Cyprus property industry has effectively had a heart attack.

The only property that can be termed as safe to purchase now is Pre 74 Turkish or Foreign title property. This is land or property that was owned by a Turkish Cypriot or foreigner before the troubles of 1974. Naturally since the ruling, sales of this type of property have increased. So can we say all is not lost and construction and sales can proceed?