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Q: property in Northern Cyprus ( No Answer,   1 Comment )
Question  
Subject: property in Northern Cyprus
Category: Miscellaneous
Asked by: phil9967-ga
List Price: $40.00
Posted: 29 Oct 2004 01:27 PDT
Expires: 28 Nov 2004 00:27 PST
Question ID: 421584
how safe is it, from a financial and legal point to buy property in Northern Cyprus
Answer  
There is no answer at this time.

Comments  
Subject: Re: property in Northern Cyprus
From: frde-ga on 30 Oct 2004 11:24 PDT
 
I suppose it depends what you are buying

A timeshare is always rubbish

Something on a 'new' development is bound to have catches

However I suspect you are really interested in 'land rights' that
could be contested by Southern Cypriots. An interesting problem, as
both sides of the border had enforced emigrees.

Personally I would say that if you are after an investment, then stay clear.
If you plan to spend at least six months of the year there, then you
probably will not have a problem. Well from what I've heard from
people who have gone there.

If it is some major deal, especially an investment deal, then make
darn sure that property rights can be traced back to (say) 1940 and
that you are definitely sure that you will not be ripped off - the
latter is pretty hard, unless you are the one doing the ripping off
... and even then.

On the up side, from what I have heard, it sounds a really nice place,

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