Cyprus Property News + Orams Case
The property dispute in Cyprus can only be solved through a comprehensive settlement
The British High Commissioner to Cyprus Peter Millet has said that the property dispute in Cyprus can only be solved through a comprehensive settlement
President Mehmet Ali Talat has said that the Orams Case and the consequent judgment of ECJ was the continuation of the Greek Cypriot Side’s efforts to perceive and portray the property issue as a dispute between individuals.
In an address to the nation, the President said that the Orams Case had gone through a long legal process to which neither the Presidency nor the TRNC’s other official authorities had become directed involved.
NICOSIA – It is tempting to see the results of the recent parliamentary elections in northern Cyprus as a blow for the peace process. Voters in the Turkish Cypriot north rejected the party of their leader, Mehmet Ali Talat, who has been meeting almost weekly for eight months with his Greek Cypriot counterpart, Demetris Christofias, to work out the terms of a settlement to reunify the island.
An agreement has been reached with the Greek Cypriot government to allow Turkish Cypriot rental cars across the boarder.
The Turkish Cypriot Chamber of Commerce said the South Nicosia Government had said there would no longer be any obstacles or problems stopping rental cars from the North crossing the border.
Sungur: Mortgage Bill by end of year set to boost property market, benefit expats.
A draft mortgage bill prepared by the Estate Agents Union has been presented to the Prime Ministry.
Union chairman, Hasan Sungur, said he believed the new law would be passed before the end of 2008 and would bring significant advantages to homebuyers, especially expats.
Ancient ports are continuing to be a stumbling block for a £12 million marina scheme at Kucukerenkoy.
The 543-berth, 47-villa Port Cyprium project has already been rejected by the Supreme Monuments Council twice-in 2005 and 2006.
Despite a revision of the marina scheme and government pledges it would go ahead, the Supreme Monuments Council is still against it.
The Cypriot Finance Minister has suggested that economic growth in Northern Cyprus is going to continue further into this year, and there are some suggesting that it could continue into the next, and growth is expected to continue at a rate of 4%.
Some skeptics say that the growth is a myth; there was a downturn in the first first quarter, showing that this year’s growth is in fact a case of peaks and troughs.
The election, in February of this year, of Demetris Christofias in South Cyprus has produced a shift in the diplomatic relationships between the Greek and Turkish sides of the island. Christiofias’ predecessor, Tassos Papadopoulos helped persuade the Greek population to reject the Annan plan in 2004. The Annan plan was viewed as the most adept piece of potential legislation to so far offer a solution to the Cyprus Problem. Greek Cypriots rejected the plan, which was put to referendum in 2004, whilst Turkish Cypriots voted almost unanimously in favour of it. The now departed Papadopoulos, along with other Cypriot leaders, encouraged the South of the island to reject the plan.
With announcements made this month that Cypriot presidents Mehmet Ali Talat and Dimitris Christofias will enter into a fourth round of talks on reunification issues, many of the world’s politicians, journalists, historians and commentators are waiting with anticipation.
If they succeed, it would mean that an island which has been divided for more than twenty years would be supposedly harmonious; the joining of two rather disparate cultures under one banner, and the recognition that the ‘Republic of Cyprus’ and the ‘Turkish Republic of Northern Cyprus’ can join as one and work hand in hand.
North Cyprus has not always been – for those ill informed critics and sceptics – a safe place to develop property. Since the island was partitioned in 1974, North Cyprus, the Turkish section of the island, has seen house prices drop to almost 45% less than their countrymen in the South.