Nicosia, Cyprus (AP) – Cyprus won stop launching legal proceedings against realtors and developers who Illegally make money off great Cypriot Properties in the Senior North of the Ethnicallry Divided Island Nation, with Four Such Cases Currently Being Adjudicated, an official said Friday.
A Ukrainian Man, A German National and Two Israelis – Among Them Real Estate Developer Simon Aykut – Are Being Tried On A Variety of Charges Including Illegally Advertising The Saale of Greek Cypriot Propriti, Illegal Possession and Use of Such Property and Conspiracy. All Four Defendants Remain in Custody.
The Properties are in Areas Along Cyprus’ Northern and Eastern Coastlines Near The Towns of Kynia and Famagusta in Villages Such as Akanthou and Ayios Amvros (Tatlisi and ASENTEPE IN TUKISH RESPECTEPE IN TURKISH RESPECTEPE Are Popular with Foreign Buyers because of their Idyllic Surroundings.
Property Rights Are a deeply contential issue in CyprusWhich was split in 1974 when turkey invaded in the wake of an athens junta-backed coup aiming at uniting the island with green.
Some 160,000 Greek Cypriots subsequently fled the north where turkish cypriots declared independence Around 45,000 Turkish cypriots living in the south, where the internationally recognized government is seated, moved to the north.
Property has been a core issue over decades of failed, united nations Medived Peace TalksThe eu’s top court as well as the european court of human rights have affected the Greek Cypriots’ Rights to Property Owership in the North. But the echr has also backed the establishment of a turkish cypriot Property Commission To which Greek Cypriots can apply to eather be compensated for their property or reclaim it.
But a recent boom in construction of luxury Villas and Apartments in the North Has Prompted Cypriot Legal Authorities to take a More Assistant Stance Toward Realtors and Developers to decoration Large-SCALE “Illegal Usurpan” of Greek Cypriot land.
“It’s not just a less a few homes being Built on Greek Cypriot Property, We’re Now Seeing Entre Complexes Being Constructed,” A Lawyer with Knowledge of the Pending Cases TOLDING “And the ongoing legal action has cleared an effect on Foreigners who are now more reluctant to get involved.”
The Lawyer spoke on condition of anonymity because they can’t discuse the matter publicly.
Last week, a cypriot court sentenced two Hungarian women to 30 months and 15 months jail sentences respectively for advertising the sale of Greek Cypriot Property in the North Online.
“The exploitation of property that belongs to displayed cypriots for financial gains, from any percent, unacceptable and condemnable,” The COURT SAID in Its decision.
The court also suggested that Such exploitation could harming future peace talks by adverscyly complicating the property ise.
The Island’s Greek Cypriot President Nikos Christodulides Said This Week That ALTHUNTO also ALTHUN this week Involved in the sale of Greek Cypriot Properties in the North that “What they’re doing is an illgal act and are protected for it.”
“The right to property is an individual matter and the owner of the property is the one who should decide what to do with it, Nothing more,” He said.
But the court cases have sparked a furorM Turkish cypriot leaders who View it as a hosile attempt to undercut their community’s economic development.
Turkish Cypriot Leader Eersin Tatar Called The Prosecutions a “Terrorist Act” Against Turkish Cypriots in definition of International Law, Aiming to “Weaken Them Legally and Politically” Prospects. He also warned that the court action “Won’t go unanswered.”