7,800 applications were submitted to the “real estate commission”

At 7,800 till September 2024 purposes to the “actual property fee”

By September 2024, 7,800 Greek Cypriot purposes had been submitted to the “actual property fee”, of which 1,869 had been accomplished, in line with a publication. The “committee”, it’s reported, paid damages totaling £483 million to the claimants. The most important fee was made in September, for £10.5m to settle the “long-running Rock Ruby Lodges case”.

Based on the Press and Data Workplace, “Cyprus At present” writes that the member of the “Board of Administrators” of the Turkish Cypriot “Affiliation of Actual Property Brokers”, Husein Sadeghi, acknowledged that strengthening the “committee” is the “solely viable” resolution to the disaster that has broke out in the actual property sector within the occupied territories. This disaster was prompted after the arrests within the free areas of individuals concerned within the usurpation of occupied Greek Cypriot properties.

Mr. Sadeghi stated that many actual property brokers, contractors, architects, engineers and hoteliers are afraid to cross into the areas managed by the Republic of Cyprus. He referred to as on the “presidency”, the “authorities” and the Turkish Cypriot “bar affiliation” to undertake a extra energetic method to coping with the difficulty.

He additionally referred to as for strengthening the construction of the “committee” and rising its exercise in resolving property points. He instructed that initiatives be taken to increase the sources of the “committee” and be certain that it performs a extra energetic position within the course of.

The report says the “committee” has paid out £483 million in compensation up to now. Additionally included is the £10.5m paid out to settle the 'Rock Ruby Lodges' case, which is the most important fee the 'committee' has ever made in particular person compensation.

Supply: KYPE