regard to the purchase of land or buildings, we first look
at the different types of property, and the title deed which
one is likely to be offered.
Foreigners are limited to one donum per person (husband and
wife count as one person unless they have different surnames).
freehold title – British or other foreign ownerships
pre 1974, with title deed (kocan), clearly stating that this
is the case. Internationally recognized deeds.
b) Clean freehold title –
Turkish Cypriot owned pre 1974. These deeds are 100% safe,
but before the property can be registered in your name, an
application must be made to the Council of Ministers for approval.
The procedure to obtain approval will take 6-8 months maybe
c) TRNC Title deed – kesin tasarruf – absolute
possession document- title deed. This is property or land
that was in Greek Cypriot ownership pre-74. When the Turkish
Cypriots came to the safety of the north after July 1974,
they left all their possessions behind in the south. Accordingly
the Government then assessed on a point’s basis, the
value of the Turkish Cypriots forsaken assets in the south.
With these points, the Turkish Cypriots could take a relinquished
Greek Cypriot house or land in compensation for his lost properties
in the south to the TRNC government, who would then hold them
pending a negotiated settlement between the north and the
south Governments. The refugee would then be issued with a
title deed for his newly recompensed property. Until he received
this title, he would not be in a position to sell.
d) Land or property –
Greek Cypriot pre ‘74 – no title deeds –
yet unissued. Some people offer for sale, for relatively nominal
sums, these properties without deeds. They are sold for “air
money” or “goodwill” usually, these need
the purchase of additional points before the title deeds will
be issued. It is our opinion that agreements should not be
entered into for property that does not have a title deed
issued by the relevant authority.
e) Contractual or “cases
pending” land or property. When one looks back to pre
1974, there were over two thousand British in the Girne area,
and property was experiencing something of a boom. In the
period up to the Peace Operation in July 1974, there were
several hundred title deed applications pending and subsequently
not processed, owing to the lethargy of the Greek Cypriot
administration, and the political instability.