Properties sold to foreigners in occupied Cyprus originally belong to Greek Cypriots

In the world of property transactions in occupied Cyprus, recent investigations have uncovered that many properties recently bought by foreigners actually belong to Greek Cypriots.

In a recent development, a striking revelation has come to light regarding property transactions in the occupied side of Cyprus. According to a report from the newspaper Yeni Bakis which is based on the occupied side, an overwhelming number of properties that have recently been sold to foreign buyers within the confines of the occupied side of Cyprus were originally owned by Greek Cypriots.

According to the reputable news site Philenews, 3,234 Greek Cypriot properties, which made up a sizable majority, were illegally purchased by foreign investors.

What is particularly noteworthy is that even prominent politicians based in the occupied side of Cyprus, including figures like Kudret Özersay, have echoed calls for the breakaway region's unauthorized administration to provide an explanation for these concerning findings.

As the report delves deeper, it emerges that the composition of the properties on sale included 2,677 plots of land along with 1,532 fields, presenting opportunities for land consolidation and prospective investments. The data also underscores the scale of this issue, with a staggering 63.6% of land and a significant 36.4% of fields estimated to be available for purchase.

Geographically, the properties offered for sale are predominantly situated in the Kyrenia area, accounting for a substantial 1,407 plots. Trikomo follows with a significant presence of 1,169 plots, while Famagusta boasts 784 properties on the market. Nicosia, Morphou, Lefka, and the surrounding regions collectively contribute to the remaining properties available for purchase.

This new disclosure provides insight on the complex dynamics of property sales in Cyprus's occupied side. With the majority of properties sold to foreign investors traceable back to Greek Cypriot ownership, questions about legality and ethical consequences arise.

Consider reading our comprehensive article on the risks of investing on the occupied side to learn more about the dangers involved with such property investments in occupied locations. Understanding the complexities of this topic is critical for making informed judgments when investing in real estate.