The British Foreign Office has warned British citizens thinking about buying property in the Turkish-held north that they could run into legal trouble if and when a Cyprus settlement is reached.
A Foreign Office Commonwealth spokesman said London 's position remains unchanged from an earlier statement warning Britons of the legal implications involved witn buying up property in the north.
" We take the same position.. .warning British citizens planning to buy property in the north of various implications they may run into in the event of the Cypriot issue being resolved", the spokesman said. "Therefore, anyone planning such a move should seek legal advice beforehand", he added.
Nicosia has sounded the alarm over the boom in property sales in the north in recent months. Hundreds of foreigners, mostly Britons, have reportedly purchased new holiday homes in the north that are built on Greek Cypriot-owned property. The government suggested the boom may be owned to the mistaken belief that Turkish Cypriot acceptance of the UN reunification plan in the April referendums affords them legal cover when buying Greek Cypriot property.
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Article taken from the official page of the Ministry of Foreign Affairs