Yes I do know the current situation regarding buying units built on GC owned land in the TRNC. Without going into the complicated and very boring political situation on the Island some 34 years has passed since the Island was divided. Since 1974 there have been numerous political initatives to resolve the situation. All have failed because the GC's want the pre 1974 status and that is just not going to happen. When the GC's voted no to the Annan plan in 2004 ( having previously agreed to it!!) that was, I believe, the last straw for the UN, US and the EU. It is now no longer possible for GC's to take foreign ( usually British) buyers of units built on former GC owned land, to the European courts because the EU, and the UN, have agreed to a Turkish Goverment initative, to set up a "Property Compensation Commission" to pay Bona fide GC former owners of land in the TRNC " current value compensation" for their land. More than 200 GC's have already taken up this offer and received good money for land which, despite all the rhetoric, was never again going to be in their possession. I believe that as time goes by most, if not all, GC former owners of land in the TRNC will take compensation from the Turkish Government.
It should be pointed out that the Turkish Government ( more than 2 years ago) reassured all the foreign owners of units built on former GC land that they will never have to pay a penny in compensation to former GC owners. In affect the Turkish taxpayer is underwriting the compensation paid to GC's..
So in answer to your question you can buy a villa or flat in the TRNC without worrying about the future repercussions. But there is moral issue here also so you must make up your own mind about this. Hope this helps
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