Turkish Cypriot Properties Plagued by Mismanagement and Abuse
A report highlights the widespread issues of subletting, neglect, underreported rental income, and patronage in the allocation of Turkish Cypriot properties in government-controlled areas, describing the system as a bureaucratic labyrinth prone to abuse.
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Read full article →The labyrinthine chaos of Turkish Cypriot properties
Subletting, neglect, underreporting of rental income and patronage – the allocation of Turkish Cypriot properties in the government-controlled areas has descended into a bureaucratic labyrinth prone to rampant abuse which the government is only now attempting to rectify. The total value of these properties now exceeds €7.5 billion, with projected annual rental income for this year at […]
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