Purchasing Property in North Cyprus
#1
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Joined: Jul 2009
Location: Limassol Cyprus
Posts: 348
Purchasing Property in North Cyprus
People are being evicted in North Cyprus, by a bank, after purchasing property in North Cyprus. These are elderly people being thrown out onto the street.
Do not purchase property in North Cyprus, the well documented Orams case is one example of what can happen! Read the sory here http://bit.ly/eLqmsh
Do not purchase property in North Cyprus, the well documented Orams case is one example of what can happen! Read the sory here http://bit.ly/eLqmsh
#2
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Joined: Nov 2008
Location: Cyprus
Posts: 367
Re: Purchasing Property in North Cyprus
Yet people still go and buy there because it is cheaper than the South
They don't bother to ask themselves why it is cheap. But how cheap is it really when a few years down the line your property has to be demolished because the land didnt belong to the developer and you also have to pay compensation to the rightful owner of the land
They don't bother to ask themselves why it is cheap. But how cheap is it really when a few years down the line your property has to be demolished because the land didnt belong to the developer and you also have to pay compensation to the rightful owner of the land
#3
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Thread Starter
Joined: Jul 2009
Location: Limassol Cyprus
Posts: 348
Re: Purchasing Property in North Cyprus
Yet people still go and buy there because it is cheaper than the South
They don't bother to ask themselves why it is cheap. But how cheap is it really when a few years down the line your property has to be demolished because the land didnt belong to the developer and you also have to pay compensation to the rightful owner of the land
They don't bother to ask themselves why it is cheap. But how cheap is it really when a few years down the line your property has to be demolished because the land didnt belong to the developer and you also have to pay compensation to the rightful owner of the land