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Cyprus

IPC has no funds to settle thousands of cases

The offices of the Immovable Property Commission (IPC) in northern Nicosia

Thousands of applications are pending before the Immovable Property Commission (IPC) in the north due to lack of funds, Turkish Cypriot media reported on Wednesday.

Turkish Cypriot daily Diyalog reported that chairman of the IPC, Ayfer Erkmen, said that 6,545 applications filed by Greek Cypriot refugees are pending because of lack of money.

In statements to the paper, Erkmen argued that these 6,545 applications concerned sale of Greek Cypriot properties and that “in order for these cases to be concluded, several billions of pounds sterling are needed, but somehow the generation of resources is not possible”.

Erkmen said that Turkey will not send money to the IPC anymore because the ‘assembly’ did not approve a ‘law’ for putting a ‘betterment tax’ on these properties.

To-date, the IPC has taken 205 decisions at a cost of UK£110m, he said.

 

 

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