Risks associated with investing in properties in the occupied part of Cyprus

The so called “Turkish Republic of Northern Cyprus” ( the “TRNC”) is a self-declared state that comprises the north-eastern portion of the island of Cyprus, following the military invasion of Turkey in 1974. The TRNC has been condemned and declared illegal and invalid by the International Community through United Nations Security Council Resolutions 541/83 and 550/84. The TRNC is internationally recognized only by Turkey.

Investing in properties in the occupied part of Cyprus can be tempting due to the low prices however the purchase of these properties could have serious financial and legal implications for the reasons explained below.