Lobby for Cyprus is a non-party-political human rights organisation campaigning for a reunited Cyprus.
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Media Watch 2007

07 February 2007
Source: Cyprus government Press and Information Office
Author:
Comment: The following is a report of the Cyprus government Press and Information Office of 7 February 2007.
Cancellations of illegal purchases of land and houses in the occupied areas of the Republic of Cyprus
"Foreign buyers have started to cancel their purchase agreements for houses or plots…"

"Turkish Cypriot daily KIBRIS newspaper (07.02.07), in its front page under the title 'They cancelled the agreements', reports that as a result of laws and decrees that have been put into effect in the 'TRNC' and in the Republic of Cyprus, some buyers foreign nationals and Turks – who have signed purchase agreements for houses or plots of land in the occupied areas of the Republic of Cyprus have cancelled them. It is reported that some British and Jewish nationals have cancelled the purchase agreements. The Chairman of the real estate agents union, Hasan Sungur, confirmed the cancellation of the agreements.

The paper reports also that although there was an increase in the construction sector in the occupied areas of the Republic of Cyprus following a British courts decision in the Orams case, new problems have arisen recently. Foreign buyers have started to cancel their purchase agreements for houses or plots due to the Republic of Cyprus laws that foresee imprisonment of up to seven years for anyone convicted of building on Greek Cypriot property, buying or selling Greek Cypriot property or living in a Greek Cypriot house in the occupied areas of the Republic of Cyprus. Another deterrent factor for buyers is the new amendment to Article 159 of 'TRNC' Constitution, as well as the new decree, which will limit the purchase of land in the occupied areas of Kyrenia and Bogazi in order to protect the environment. These areas are preferred most by foreign buyers."