OFFPLAN NEWS

(07.06.2007 )
Property in Cyprus Cyprus: Britain to warn of risks in property purchases in north

The British government has warned its citizens of the risks in purchasing property Cyprus in the Turkish occupied areas due to the non-recognition of the regime in the north.

The position was declared in a written answer of the Deputy Secretary of State for Foreign and Commonwealth Affairs Douglas Alexander, to a question posed by Conservative MP Roger Gale relating to the purchase of properties belonging to Greek Cypriots who were displaced following the 1974 Turkish invasion.

In his reply, Alexander said “the Government warns British citizens of the risks of purchasing property in northern Cyprus that arise from the international community’s non-recognition of the self-declared “Turkish Republic of northern Cyprus”, the property implications of any future settlement and the claims to ownership of Cypriots displaced in 1974.”

He added “we further warn British citizens that they may face legal proceedings in the Cypriot courts and elsewhere in the EU, including the UK.”

In addition, “the Government strongly advises British citizens to seek independent legal advice” said Alexander, noting this information is publicly available through the Travel Advice on the Foreign and Commonwealth Office website and given in response to all enquiries.

News by Country

»(07.06.2007 ) Property in Cyprus From Offshore to Retirement, Cyprus
There is a growing number of Europeans near the age of retirement, looking for sunny and affordable places to pass their golden years.... » find out more

»(07.06.2007 ) Property in Cyprus Cyprus: Britain to warn of risks in property purchases in north
The British government has warned its citizens of the risks in purchasing property Cyprus in the Turkish occupied areas due to the non-recognition of the regime in the north. ... » find out more

»(07.06.2007 ) Property Cyprus Cyprus: Leptos in talks to buy out Aristo
Two of the island’s biggest developers of Cyprus apartment for sale are in negotiations over a possible takeover. ... » find out more

»(07.06.2007 ) Cyprus property Rental ROI in Cyprus is 6.3%
With Cyprus earmarked as one of the investment hotspots for 2007, leading ‘for rent by owner’ holiday home site, surveyed its owners in order to quantify the actual rental return on investment potential buyers of Cypriot properties land for ... » find out more

»(07.06.2007 ) Cypriot properties Cyprus, France and Spain top November overseas interest
British property investors continue to opt for the old favourite locations of Cyprus real estate, France and Spain to invest their cash, according to new research. ... » find out more

»(07.06.2007 ) Cypriot property Expected boom in Cyprus Property for 2006-2008
After EU accession, real estate in Cyprus is no longer just another tourist destination offering sandy beaches and fun.... » find out more

»(07.06.2007 ) Cypriot real estate Mentor for Cyprus
Nigel Howarth says the warmth and generosity of the Cypriot people, the abundant choice of superb sea apartment Cyprus and the island's relaxed way of life makes the country a popular choice for expats.... » find out more

»(07.06.2007 ) Cyprus real estate Cyprus property set to gain from UK pension change
An expected rise in second-home Cypriot properties market following changes to the UK pensions system has prompted the establishment of a new company in Cyprus. ... » find out more

»(07.06.2007 ) Real estate in Cyprus Cyprus tipped for property boom
Investment in Cypriot Property is becoming increasingly appealing to investors worldwide, with economic conditions now improving at an impressive rate and the prospective adoption of the Euro drawing record interest from foreign investors. ... » find out more

»(07.06.2007 ) Real estate Cyprus Hot Property in Cyprus
The island of Cyprus, full of excellent real estate Cyprus has long been a popular year round holiday destination.... » find out more