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2 Bedroom Apartment.

Two empty rooms in the apartment in Maramara, Lefkosa near Metroplo Shopping Mall. Only girls needed. The rent for 3 months for two girls is 350 GBP, [...]

£58 /M
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2-Bedroom Garden Apartment.

2 Bedroom Sea View Garden Apartment This 2-bedroom garden apartment of 77m2 is situated by a large swimming pool with great sea views from the loun [...]

£53,000
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3-Bedroom Villa In Kyrenia.

3-bedroom villa in Catalkoy situated in a private garden setting of fruit trees. The villa has large 10 x 5 overflow swimming pool plus 2.5 x 2.5 chil [...]

£165,000
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4 Bedroom villa in Catalkoy – Kyrenia.

4 Bedroom villa in Catalkoy, Kyrenia sitting on 2 Donums of land, with Swimming pool, Own water-well and spectacular Sea views. Further details contac [...]

£410,000
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Luxury Villas – Edremit.

3 bedrooms Luxury villas in Edremit, Kyrenia that come with five different architectural designs and styles to choose from. These beautiful villas eac [...]

£360,000
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3 Bedroom Villa – Esentepe.

3 bedrooms villa for sale in Esentepe, 3 minutes drive to the Korineum Golf & Country club and 3 minutes walk to the beach. It has an open plan ki [...]

£180,000
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Hotel.

Commercial land for hotel development project available for sale which just lays next to the sea shore in the Central İskele area, Famagusta. The hote [...]

£359,000
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Villas – Agios Athanasios.

5 bedroom villa project built on 809m2 plot located in the upper part of Sfalagiotissa, Agios Athanasios district, one of the most prestigious distric [...]

£1,679,600
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Office Spaces – Limassol.

3 Floors Office spaces to rent in Korai 3, Old Limassol a historical city of Cyprus. The 1061 m2 offices reflect a new contemporary way of working and [...]

£17,190 /M
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3 Bedroom Villas – Tuzla / Famagusta.

3 Bedroom Villas in Tuzla, Famagusta for sale with the perfect living area for your family and the perfect location close to the city and the sea, the [...]

£122,000
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Houses – Zeytinlik / Kyrenia.

Detached Houses for sale situated 50 meters away from the spectacular Zeytinlik village, close to the centre of Kyrenia and reflecting the historical [...]

£88,950
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Descent Apartments – Kyrenia.

The project is built on an area of 14,000 m2 located in Kyrenia it consists of 80 apartments and 2 different housing types. These housing types are as [...]

£137,300
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Villa – Iskele.

Three bedroom luxury villas for sale: These are luxury 3 + 1 villas with 222 meter squares, high quality build materials, sea and mountain views that [...]

Villa – Arapkoy / Kyrenia.

Very large 5-bedroomed villa for sale just out side Arapkoy village sitting just under 1 Donum of land , 400 m2 size, very large master bedroom,en-sui [...]

£300,000
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Modern Luxury Apartments – Yeni Iskele.

These beautifully modern, (1 + 1, 2 + 1, 3 + 1) bedroom luxury apartments are available to rent or buy and are located within walking distance to both [...]

£56,000
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Breeze Apartments – Long Beach.

Apartments situated in Long Beach, with the brand new modern design! Special for those, who wants to feel the Long Beach's breeze in their life! There [...]

£65,000
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Vanora Park – Salamis.

The complex is located in the area of the ancient city of Salamis not far from Famagusta. Near the sea, beach, picnic area, park. There are different [...]

£45,000
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Luxury Residence – Iskele.

This artful Residence is a huge and impressive residential complex development at Long Beach, Iskele in Northern Cyprus is being built in a total area [...]

£47,500
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Plots At Long Beach – Yeni Iskele.

A golden opportunity for investment in residential - commercial land in most developed area of ​​Yeni İskele. The average size of the parcels, is 700 [...]

£34,500
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Luxury Villas – Catalkoy.

Our project of luxury villas located in Catalkoy, Kyrenia with a short walking distance to the sea. We are inviting you to a living standard with guar [...]

£245,000
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1+1 Apartments – Cleopatra Beach.

1 + 1 apartment with a total area of ​​65 m2 in the center of Alanya just 600 metres walk to the Cleopatra Beach. The apartment is located in a 5-stor [...]

£71,000
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Apartments & Penthouses – Mahmutlar.

The residential complex is located in Mahmutlar, just 350 m from the sea. The complex built on 4 373 sqm, consists of two 12-floor blocks. The residen [...]

£71,000
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Luxurious Residence.

Luxury Residence features 5-star Complex that only 100 meters from the beach, with stunning sea and mountain views. A 14-storey building with double p [...]

£110,790
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Land – Lefkosa.

4 Donums of land for sale in Cihangir, Lefkosa (5353 m2 square meters), Turkish title deed and good for building residential commercial properties. Ac [...]

£160,000
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Yesil Bahce – Alanya.

New big project 'Yesil Bahce' in Oba, Alanya with luxury apartments and penthouses. The complex is built on 9750 m2 area with 5 blocks and consists of [...]

£78,600
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Residential Apartments – Kyrenia.

Our new project is sitting on the Turkish title deeded land in the center of Kyrenia. This is not just a building, it's a brand-new metropolitan livin [...]

£81,000
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Land In Tatlisu.

85 Donums (8.5 hectares) of land in Tatlisu near to the sea with unobstructed sea and mountains views. The basic price of land is £25.000 per 1 Donum, [...]

£1,275,000
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New Villas – Salamis.

These villas brought a new lifestyle to the Salamis area of ​​Famagusta, which is one of the rising values ​​of Northern Cyprus. With its exclusive de [...]

£150,000
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Boutique Hotel.

A 4-star hotel situated in Çatalköy, East of Kyrenia it comprises of 22 rooms and 67 bedrooms capacity, on an area of ​​6700 square meters. With its b [...]

£900,000
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6 Bedroom Luxury Villa – Çatalköy.

This 6 bedrooms villa is situated in Çatalköy, Girne with  a spectacular panoramic views over the Mediterranean Sea, mountains, wonderful greeny natur [...]

£600,000
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3 Bedroom Villas – Catalkoy.

3 bedroom villas for sale in a modern complex located in a very decent area of Catalkoy a beautiful place, among olive trees in Kyrenia This is an ide [...]

£107,000
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4 Bedroom Villas – Ozankoy.

10 units of 4 bedroom-modern designed villas conveniently located in Ozankoy, Eastern Kyrenia with easy access to the main road, boasting sea and moun [...]

£219,000
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2+1 Apartments – Beachfront.

2+1 Apartments (85 m2 ) upstairs in the luxury beachfront complex which is 100 meters from the sea with stunning views of the Mediterranean sea. One o [...]

£50,000
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Luxury Villas – Doğankoy.

5 + 1 luxury mansion villas in Doğankoy, Kyrenia under construction. There are 11 detached villas with pool (5x10), 1 bedroom on the ground floor in e [...]

£495,000
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3 Bedroom Villa – Bellapais.

3 Bedrooms Villa located in the most idyllic area of Bellapais in Kyrenia with the panoramic sea and mountain view. The villa has 298 m ² 3 Bathrooms [...]

£375,000
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Apartments And Bungalows – Esentepe.

Luxury Apartments and 278 m² Bungalows in Esentepe in a luxury complex that located 50 meters from its own private beach.  The area includes a 48 m² c [...]

£159,000
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5 Star Hotel – 330 Rooms.

Luxury 5 Star Hotel built on 8055 m2 with 330 rooms in Istanbul situated 11 km from Ataturk International Airport. The hotel has a hot tub, sauna and [...]

£22,888,075
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Boutique Hotel & Botanical Garden.

The boutique hotel is located at the ambient touristic spot in Lapta, an ideal place for blissful escapement in Kyrenia. Within the botanical garden, [...]

£2,500,000
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Boutique Hotel – Lefke.

Location: Lefke | Type: Boutique Hotel | Status: For Sale | Area: 850 m2 | Bedrooms: 21 This charming and historical boutique hotel is situated in [...]

£750,000
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Boutique Hotel – Bodrum.

Status: Hotel Investment | Type: Boutique Hotel | Rooms: 22 | Location: Bodrum | Country: Turkey The hotel located at the beach front in the heart [...]

£8,653,800
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Seafront Houses – Esentepe.

Our Seafront properties comprises villas, apartments, penthouses, and Bungalows located at Bahceli, a prime area in Esentepe. The project consists of [...]

£495,000
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Luxury Hotel In Kyrenia.

A grand opportunity for investment in a stunning 5-star hotel in Kyrenia. This luxury 5 Star Hotel is located at an unspoiled and private area in Girn [...]

Costa Cafe Shop – Famagusta.

An original Costa Cafe Franchise for sale (SOLD) in the heart of Famagusta, Cyprus. This freehold international franchise is very suitable for investm [...]

£1,750,000
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Boutique Hotel – Kyrenia.

Boutique Hotel in Kyrenia with a vintage touch, stunning mountains, and sea views. The price is £3,300,000. Type: Boutique Hotel Condition: F [...]

£3,300,000
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T.R.N.C: Expatriates’ Property Secured.

August 24, 2020

Big win for expats, auctioned properties returned to the rightful owners

The expatriates who bought their properties on the island and due to some reasons and now then COVID-19 faced uncertainty of losing their hard-earned assets because of unpaid loans taken out by a developers have won a legal case and their properties have returned. Retired soldier David Eacock, 73 and wife Margaret, 75, said they were “overwhelmed” by the verdict announced by Presiding Judge Aysen Toroslar at Gazimağusa District Court .

Expatriates have won a legal case that reverses a 2016 court order for their homes to be auctioned.

The couple bought a property off plan at a site in Yarköy — a £122,000 four-bedroom villa on the Ersav development – in 2008. The Eacocks, from Devon, paid Ersav Construction a total of £96,000 but stopped further instalments after discovering that a“memorandum” had been placed on the property over a £500,000 debt owed by the developer.

Advocate Hasan Alkan represented the couple and another expat property buyer on the site, Ray Hinks and his wife, Patricia. Mr Alkan said: “The judge canceled the court order allowing for a public auction. A new legal process will now be started that will include the property buyers.”

Mr Eacock said: “Myself and Margaret are very relieved. It has been like a legal rollercoaster ride for the past 10 years, not knowing what will happen to our properties, for something that has happened out of no fault of our own.“It is indeed a fresh start for us. We were never aware of the existence of the memorandum.

“We wish to thank Mr Alkan for his tireless efforts in helping us. He has a long and successful track record supporting expats and is a much-respected advocate both within the legal profession and among the countless clients in need of good support.”

Mr Alkan said that the basis of the case is “the 2007 Estate Agents Law making it obligatory for homebuyers to register their sales contract against the title deed. But the law does not set out the rights of buyers thereafter, which have been left to the courts to decide.“The title deeds office has informed me of many more auctions, mainly [relating to] foreign buyers who may not even be aware that the properties they bought are going to auction.

“This was the case [for the Eacocks] and it is important that foreign property buyers seek legal advice and apply to the courts to get declaratory judgements, because the title deeds office is not competent in determining the rights of buyers.“In the Eacocks’ case . . . we had contended that the contract of sale was registered way before the memorandum was placed on the property and that the title deeds office, by accepting this [memorandum], had made a mistake.”

A relieved Mr Eacock said: “We registered our sales contract under the Estate Agents Law and did everything properly. Then a memorandum was placed on the property. Isn’t the whole point of this law to stop all of this from happening?”

Author

Ibrahim.

+905428585123
info@milanohomescyprus.com

Mr. İbrahim Özkuş he is a founder of Marble & Granite business at I & C Memorials in the United Kingdom, London and currently a Director Manager of Milano Homes Cyprus and Boltas Commercial, a real estate agency in Northern Cyprus. Mr. İbrahim has extensive experiences in Realtors' business and commercial industry include the residential properties and immovable assets.

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