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Greek Cypriots buy up land in the north

Greek Cypriots buy up land in the north

March 18
12:00 2013

Greek Cypriots have been buying land in Guzelyurt, Karpas, Dipkarpaz and many other areas. It is claimed that so far they have bought around 4,000 donums of land.

Apparently nearly 30,000 Greeks have spent 45 million Euros buying land through anonymous companies.

Non-TRNC citizens may own up to 1 donum of land. Married couples count as one person for these transactions.

Normally, it takes around 12 to 18 months to get permission from the Council of Ministers.

 

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