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Sunday, December 11, 2005

Ill-gotten assets

If you ever have read articles on Cyprus from certain sites...it’s a sure bet you have come across advertisement on buying property from Northern Cyprus. I recently read an article where I was bombarded with adds to such an extent that I had a hard time reading the article itself. Before you sense financial gain, here is another sure bet...you run the risk of losing all your money exploring such an endeavor. According to official records from the RoC, ownership of private land property in the North belongs by 82% to Greek Cypriots. Heartened by support from the European court of human rights...thousands of Greek Cypriots are launching legal proceedings that are now pending before ECHR. As a result, you may discover that what you really hold is a worthless title deed.

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