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***NEW*** NEW PROPERTY EXCHANGED IN CYPRUS FOR UK PROPERTY
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A Major court ruling came from the European Court of Justice (ECJ) and it’s a huge blow to English expats living in the northern part of Cyprus.
The ECJ ruling has ordered British expat couple David and Linda Orams to demolish a house they had built on the Lapithos property of Greek Cypriot refugee Meletis Apostolides.
Anyone that owns a property in the North that was originally owned by a Greek Cypriot (prior to the war) may be facing a similar fate. This case will also have huge ramifications on the peace talks.
We have always stressed the huge risks involved buying in the North…
This ruling may eventually lead to the right for all Greek Cypriots to take back their illegally occupied homes. It’s important to note that this whole issue applies to anyone that buys land too. We cannot stress this more highly, we know that buying in the North is cheap…but there is a huge risk.
We think it’s important to mention that buying a property in the Republic of Cyprus (South) does not have the same issues. All property & land that was owned by Turkish Cypriots before the war has been maintained by the government and has never been sold onto a third party.
Buying in the Republic of Cyprus is safe and your title is registered at the land registry.
Should you want to find out more, most of the UK newspapers are covering the story as Cherie Blair is the solicitor for the Orams which is news.
The Foreign Office warns anyone planning to buy property in the Turkish-Cypriot state, which is recognised only by Turkey, that they could face legal action in Cyprus and elsewhere in the EU, including Britain.
Its website says: 'The European Court of Human Rights has ruled in a number of cases that owners of property in northern Cyprus