“Improvement of the law is essential for the future of TRNC”

Actual Property Brokers Affiliation said that if the Foreigners' Property Acquisition Legislation, which is on the agenda, is handed, the state will likely be below nice burdens and the economic system will likely be broken, and said that “the regulation should be improved for the way forward for the TRNC.”

Turkish Cypriot Realtors Affiliation stated, “We’re hopeful concerning the new regulation” relating to the Foreigners' Property Acquisition regulation, which is on the agenda. Within the assertion made by the affiliation, it was said that the deliberate modifications to the Immovable Property Acquisition (Foreigners) Legislation No. 52/2008 had been mentioned within the authorized committee of the parliament. Within the assertion, it was emphasised that the shortcomings of the regulation in query are identified and that it endangers actual property revenues, one of many essential finances revenues of the TRNC. The assertion stated, “If this regulation is handed, the state will likely be below nice burdens and the economic system will likely be broken. This regulation, which can finish the economic system, may also trigger the Greek facet to get what it desires and the economic system of Northern Cyprus to break down.” Expressions had been used. Affiliation officers said that this regulation has been improved up to now with their very own efforts and numerous contacts, however that the laws made are inadequate, and that they’re longing for information from the UBP Parliament Group, which has been coping with the difficulty for the final two days. It was additionally said that Prime Minister Ünal Üstel and the UBP Parliamentary Group had been thanked for main the association. “As an affiliation, we request the authorities to not enact the related regulation on this type with out discussing it with non-governmental organizations. “Because the Turkish Cypriot Realtors Affiliation, we’ll observe the method if essential.”