Hello my name is Pit
Im thinking of moving to cyprus and i found a very nice project
sweetwaterbay
Im looking for someone who already bought there and can share with me some info.
also someone who know the area and can tell me if its suitable for children
thanks, pit

Hello my name is Pit
Im thinking of moving to cyprus and i found a very nice project
sweetwaterbay
Im looking for someone who already bought there and can share with me some info.
also someone who know the area and can tell me if its suitable for children
thanks, pit

Hi there,

This properties are located in the occupied part of Cyprus by Turkey, there are a lot of risks and you should consult a lawyer before buying.

Property in North Cyprus is relatively low cost and is some 40% cheaper than equivalent property in Southern Cyprus, and around half the price of property in Spain. However, there are many risks in buying a Property in Occupied Cyprus.

The reason for this is the fact that Cyprus is a divided island. The South is the legal Republic of Cyprus which is recognized by all countries except Turkey, and is a member of European Union, so its safe to invest in the free part of the Island.

The Occupied part is referred as the "Turkish Republic of North Cyprus", although only Turkey recognize the region as an independent state, because is the country that occupies it.

The 80% of the properties on the occupied part belongs Greek Cypriots which fled from the North to the South and abandoned their properties because of the invasion from the Turkish army in 1974.

Most of the properties that they are selling in North Cyprus are build in Greek Cypriots land, so you are in a risk of loosing your money or taken to a court from the owner and you will not have a legal deed that is recognized from EU or any other country. If you are lucky you can buy a house that was builded in a Turkish Cypriot land... but this is very rare because is only 20% of the pie. It is very risky!!! but again this is illegal because the legal government is the republic of Cyprus and only them are responsible for this kind of transactions.

Thanks and I hope this was helpful. You can find many EU court decisions on the internet, beware from unofficial websites from Northen Cyprus. Search for the case of Orams but again from official websites of EU.

"A LANDMARK ruling at the European Court of Justice (ECJ) yesterday backed the Nicosia court’s decision ordering David and Linda Orams to demolish a house they built on Greek Cypriot property in the north.

The ECJ ruling in favour of refugee Meletis Apostolides now looks set to make the prosecution of thousands of foreigners living in Greek Cypriot properties in the north a distinct possibility.

The ruling came as the latest stage in a four and-a-half year legal battle that has involved courts in Nicosia, London and Luxemburg.

In the Orams case it means, that the couple’s Sussex home and other assets could be seized and sold in order to pay off Apostolides which was the owner of the Land."

You can invest in the Free part of Cyprus, there are very nice properties in Pafos, Limassol, Larnaka, Ayia Napa, Protaras, Poli Chrysoschous, etc...

For families and quiet the best city is Pafos.

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