Property search:

News
Apr 9, 2012
MINISTRY OF FOREIGN AFFAIRS OF THE RUSSIAN FEDERATION

The response of the Deputy Director of Information and Press Department of Russian Foreign Ministry Ms.Zaharovoy M.V. to the question of the agency "Interfax" about the risks related with buying of property by citizens of the Russian Federation on the territory of the "Turkish Republic of Northern Cyprus" ("TRNC")
 

Q: Recently, different commercial companies are increasingly offering Russians, also using the Internet, to acquire property on territory of so-called "Turkish Republic of Northern Cyprus". How would you comment on that?
 

Answer: First of all, necessary to remind that the "TRNC" is an illegal state formation, proclaimed in the occupied area of an independent and internationally recognized Republic of Cyprus. The UN Security Council, as we know, strongly condemned the illegal action in its resolutions 541 (1983) and 550 (1984).
 

Acquisition of property by Russian citizens in the "TRNC", most of which legally belongs to Greek Cypriots who had left their homes due to the invasion of Turkish forces in 1974, involves significant risks up to prosecution by owners. According to the provisions of the Criminal Code of the Republic of Cyprus the purchase of property without the consent of its lawful owner (which qualifies as a criminal conspiracy and fraud) provides punishment of imprisonment for up to seven years. In this regard, It is strongly recommend that Russian citizens to refrain from entering into doubtful deals to acquire property on the territory of island, uncontrolled by the legitimate Government of the Republic of Cyprus. More detailed information can be found on the Web-site of the Russian Ministry of Foreign Affairs in the section "For individuals travelling abroad."