Greek Cypriots buying and selling north properties to each other for more than IPC

Greek Cypriots buying and selling north properties to each other 

Greek Cypriots are selling their property in the north to other Greek Cypriots at prices higher than those determined by the Turkish Cypriot Immovable Property Commission (IPC) but lower than the market value in the government-controlled areas, reports said on Monday.

The information obtained by daily Politis showed that between January 2014 and May 2015, there were 124 pieces of property sold in the north by Greek Cypriots to other Greek Cypriots. This year, the cabinet approved a bill to abolish transfer fees for such transactions when it came to property in the north.

Read the rest on:

http://cyprus-mail.com/2015/08/17/greek-cypriots-buying-and-selling-north-properties-to-each-other/

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