All properties now safe ECHR

[belle]

http://www.cyprus-mail.com/cyprus/echr- ... s/20130504

[cyprusishome]

What the ECHR have actually done is thrown all cases back on the Turkish Immovable Property Commission which the GC have been told not to apply to by their beloved leaders.

So if they want any form of compensation they must apply to IPC and ECHR are not going to accept any form of appeals from that. Cannot remember the source but several millions of Euros has been given to GC in recent months.

Although it would appear individual properties are safe, a fact I have had no doubts over, the Turkish government are funding a compensation package. One has to wonder how long this can prevail?

[BrightonJim]

It does appear that decisions and attitudes are moving TRNC's way.
I share the concern about Turkey's ongoing commitment expressed by Cyprusishome.
I do think that if the property issue is settled and we get internationally recognised title with the resultant increase in property values, it would be unreasonable to expect the Turkish taxpayer to foot the entire bill.
Perhaps TRNC property owners should be prepared to contribute towards the compensation payments made to former GC owners; it seems a very good deal to me, we pay say 10% of value and the property doubles in price.

[belle]

More like 20% and no properties will rise for at least 10 years, anywhere

[pc4854]

It also has to be remembered that Turkey and/or TRNC governments are holding deeds on most of the TC's land in the south and that will go a long way to reimbursing the Turkish government. Not only are there the deeds to the land there but as it would seem that a lot of it has been utilised, compensations may also be claimed.

[cyprusishome]

Over the last 40 years there has been little will on behalf of TC to reclaim land in the south, unlike the GC who have vigorously fought for their land and/or cash. So in reality there may be land in the south but I think successive governments have simply not bothered to do much about it and unless a scheme similar to IPC is set up they can forget the land in the south.

Turkey has handed over over 6 million Euro in the last month, they are building a water pipeline, new electric under sea cable and Telecommunications. They are not doing all of this out of the goodness of their hearts, there has to be an ulterior motive which I am sure the TRNC government will have no idea about.

[tutor4u]

It does appear that decisions and attitudes are moving TRNC's way.
I share the concern about Turkey's ongoing commitment expressed by Cyprusishome.
I do think that if the property issue is settled and we get internationally recognised title with the resultant increase in property values, it would be unreasonable to expect the Turkish taxpayer to foot the entire bill.
Perhaps TRNC property owners should be prepared to contribute towards the compensation payments made to former GC owners; it seems a very good deal to me, we pay say 10% of value and the property doubles in price.

Why should I pay more for something that was a recognised by Turkey in the first instance, moreover that would just about kill off the property market. All in all a daft idea, I cannot see the Greek side offering a similar deal for an identical situation in the South.

[Jonnie]

I cannot see anyone being asked for anything. Firstly the amounts of money to the likes of us are huge but to Turkey they really are small, minuscule. Secondly there are plenty of TCs with re-sold exchange land so they are not going to have it and thirdly there are plenty of re-settled mainlanders they will not be allowed to suffer.

I feel more secure than ever these days.

[belle]

I cannot see anyone being asked for anything. Firstly the amounts of money to the likes of us are huge but to Turkey they really are small, minuscule. Secondly there are plenty of TCs with re-sold exchange land so they are not going to have it and thirdly there are plenty of re-settled mainlanders they will not be allowed to suffer.

I feel more secure than ever these days.

Trust me you will pay in the long term, the idiots, aka TRNC government will make expats pay, they don't like expats from anywhere, that includes the Turk mainlanders, in fact they are hated, totally ungrateful people for what the Turks did in saving their backsides. If the Germans start holidaying in the North now because of the situation in the South, they will be their new bosom buddies until they stop spending.

[ozonkoyboy]

I am reading a lot about paying 10 or 20% tax am I missing something
didn't we pay tax when we bought our properties, I know I did, so why pay anymore,

[namps]

300 germans in a hotel here last week,so they are coming

[belle]

300 germans in a hotel here last week,so they are coming

I was in the Dome 3 weeks ago and there were loads in there, I get a lot of info from the Dome staff and they were falling over the Germans in order to suck up to them, it won't last, the TC's are just wearing the German jacket for now!

Before someone jumps on my words, let me just say, I have friends who are cyps and mainlanders.

[belle]

I am reading a lot about paying 10 or 20% tax am I missing something
didn't we pay tax when we bought our properties, I know I did, so why pay anymore,

They will be revaluated same as they are doing in the South, it will be a way of collecting a little bit of extra tax.

[Jonnie]

I cannot see anyone being asked for anything. Firstly the amounts of money to the likes of us are huge but to Turkey they really are small, minuscule. Secondly there are plenty of TCs with re-sold exchange land so they are not going to have it and thirdly there are plenty of re-settled mainlanders they will not be allowed to suffer.

I feel more secure than ever these days.

Trust me you will pay in the long term, the idiots, aka TRNC government will make expats pay, they don't like expats from anywhere, that includes the Turk mainlanders, in fact they are hated, totally ungrateful people for what the Turks did in saving their backsides. If the Germans start holidaying in the North now because of the situation in the South, they will be their new bosom buddies until they stop spending.

Belle, I am referring to Turkey settling claims through the IPC, if you want to make general, sweeping rhetoric its fine by me just don't quote me in it.

[belle]

I cannot see anyone being asked for anything. Firstly the amounts of money to the likes of us are huge but to Turkey they really are small, minuscule. Secondly there are plenty of TCs with re-sold exchange land so they are not going to have it and thirdly there are plenty of re-settled mainlanders they will not be allowed to suffer.

I feel more secure than ever these days.

Trust me you will pay in the long term, the idiots, aka TRNC government will make expats pay, they don't like expats from anywhere, that includes the Turk mainlanders, in fact they are hated, totally ungrateful people for what the Turks did in saving their backsides. If the Germans start holidaying in the North now because of the situation in the South, they will be their new bosom buddies until they stop spending.

Belle, I am referring to Turkey settling claims through the IPC, if you want to make general, sweeping rhetoric its fine by me just don't quote me in it.

Jonnie I am not quoting you, just replying. Turkey is settling claims for sure but pay back will come, the properties will be re-evaluated and taxes will be placed on them, they will probably be repayable when the property is sold. You don't have to believe me, that is your choice but I got this info from a well informed person.