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Turkey will pay 40% of property compensation

9 October 2015

Turkey has said that it would pay 40% of the cost of the compensations for property in the event of a Cyprus settlement, under certain conditions.

According to information obtained by Turkish Cypriot daily ‘Halkin Sesi’, it is claimed that provided there is full exchange of properties between the South and the TRNC and the ownership of Turkish Cypriot properties in the South passes to the Turkish Cypriot side, Turkey will cover 40% of the property compensations.

Turkey will establish a banking system to service financial support for property compensations.

It is further claimed that President Recep Tayyip Erdogan gave President Mustafa Akinci detailed information about Turkey’s idea of how to solve the complex issue of property in the Cyprus negotiations.

Halkin Sesi

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