Turkish Cypriot daily Star Kibris newspaper (18.08.15) reports that Izzet Izcan, chairman of the United Cyprus Party (BKP) has said that the Turkish Cypriots will not be able to pay the compensations on the property issue and expressed the view that a fund should be established with the aim of paying these compensations. In statements on Ada TV yesterday, Izcan argued that the recognition of the individual property right is not completely tantamount to return of property and pointed out that “it is a pre-condition for the state to ensure the right of residence”.
Izcan said: “Recognizing the property right of an individual is not tantamount to that all his properties will be returned to the individual. The property belongs to whom it belonged until 1974. Afterwards it is said that the methods of compensating, or returning and exchanging this property will be used. In the Property Commission it was used by mainly giving importance to compensation. The two leaders went a step further and said that we recognize the property right of the individual for both communities. This time the individual property right of the Turkish Cypriots is also recognized. […]”
Izcan described the issue of the illegal title deeds granted by the breakaway regime through the so-called “ITEM law” as “the biggest problem on the property issue” and the most complex problem we will have to face and added: “The title deeds, properties [given for] 20 Turkish Liras (TL) are contrary to the international law. A de facto situation is being created before an agreement is reached. We said that instead of doing this, the state should give the right of use with the method of long-term leasing, but it should not give title deeds”.
Noting that all the deposits and the budgets of the Turkish Cypriots are not enough to cover the compensations on the property issue, Izcan said: “All our deposits in the banks are six billion dollars. We have an external debt of five billion TL to Turkey. It makes a total of eleven billion TL, 3-4 billion dollars, that is, even if we give all our money, we cannot pay the debt. A resource should somehow be created. Those who have responsibility for the problem coming to this form should create a resource. Otherwise, if criteria are put, if you refer to compensation, exchange and return and if you are mainly directed towards compensation, this money should be paid from a resource”.