‘Turkish title deed’ was in demand in TRNC, 1974 operation became a turning point

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Lerato Khumalo

Many Turkish Cypriots who lived in the South before the Cyprus Peace Operation left their property in the Greek part after the operation and settled in the North. The government of the period told the Turks; He gave real estate in Northern Cyprus in exchange for the property they left behind in Southern Cyprus. For real estate acquired through some form of exchange equivalent title deed was issued. Until a few years ago, there was concern about whether equivalent titles could be evaluated, but citizens breathed a sigh of relief when they saw that banks mortgaged and gave loans to real estate with equivalent titles. These deeds, which are mostly found in Kyrenia in Northern Cyprus, are called Turkish deeds.

GUARANTEE TRNC

Among the Cyprus title deeds, there are also allocation title deeds whose status is unclear. The owners of these title deeds are those who came from Turkey and settled on the island after the move. In general, Greek properties in the North are transferred with allocation stamps, and in a possible Northern Cyprus-South Cyprus agreement, the first thing that comes to mind is the fate of this title deed. Therefore yI throw yThose who want to take a guaranteed step when shopping prefer Turkish cob or equivalent cob.

Experts said that projects with Turkish title deeds are safe for investment.

BEWARE OF UNCERTAINTIES

Aycan Fenercioğlu, Chairman of the Board of Directors of an architecture firm, draws attention to the title deed problems experienced in real estate projects in Cyprus and warns investors to turn to safe projects. Underlining that especially projects with Turkish title deeds are ideal for safe investment, Fenercioğlu emphasizes the legal uncertainties experienced by properties with allocation deeds in the international arena. Stating that properties with Turkish title deeds offer long-term security, Fenercioğlu states that investors may face serious legal risks in projects with allocation deeds.

LAW CONCERN

Fenercioğlu added that one of the biggest problems encountered in projects with allocation deeds in Cyprus is that these deeds were distributed after the 1974 Cyprus Peace Operation; “Projects with allocation deeds are directly linked to ownership issues. Property owners may face legal processes due to title deeds that are not valid in the international arena. “Allocation deeds may be subject to litigation with the claims of property owners before 1974, and there may be legal processes extending to the ECHR,” he said.

'Turkish title deed' was in demand in TRNC, the 1974 operation became a turning point - Picture: 2
Turkish title deeds are also valid in the international arena.

THE IMPORTANCE OF TURKISH TITLE

TRNC Real Estate Expert Ebru Yavuz pointed out that Turkish title deeds are safe and said, “Right now There are people selling land in shares for 25 thousand pounds. They do not give you a title deed, they just make an illegal contract and say that they will give you a 1+1 flat in return for the share you bought. “This is an illegal and strictly prohibited form of sales,” he said.

Yavuz also said, “Rather than buying an illegal, uncertain land share for 25 thousand pounds, it makes more sense to buy a 1+1 flat legally by investing a little more in a project with a Turkish title deed, which is one of the most reliable title deed types.”

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