The Republic of Cyprus has tightened responsible for the sale of real estate in the Turkish part of the island

Posted on Apr 28, 2012

The Republic of Cyprus to toughen the penalties for the sale of real estate that used to belong to the Greeks. After the 1974 Turkish troops invaded the north of Cyprus, about 200,000 Greek Cypriots fled their homes, which were later settled immigrants from Turkey. The Greeks, who had fled to the south, still feel abandoned homes of their property, and believe that their sale is illegal. However, many people, including foreigners, willing to acquire such a property in northern Cyprus.

The authorities of the Republic of Cyprus to toughen the penalties for the illegal real estate deals in the north of Cyprus, including for foreigners, reports “Interfax”. The Criminal Code was amended to strengthen sanctions for the illegal real estate transactions: this offense is punishable
imprisonment of up to seven years, with the court presses charges of fraud and conspiracy. The current law provides for punishment not only for the “line”, but also “indirect” intent. That is, such actions, the suspect must have known that the transaction is carried out without the consent of such owner.

The authorities of the Republic of Cyprus have been exposed to such violations. In particular, at the intersection of UN demilitarized zone separating the territory of residence of the two communities of the island, repeatedly detained aliens who have been found with illegal contracts realtor offices in the north. For they had launched an investigation. It is reported that the majority of Greek Cypriot property in northern Cyprus is sold without the consent of the respective owners.

Minister of Justice and Public Order of the Republic of Cyprus Sofoklis Sofocleous said “will be brought to justice all those who participated in the process of buying and selling, as well as construction on Greek Cypriot land (north of Cyprus ed.) Without permission of the owner.”