logo
contact us  
 




Worlds most conaminated places.
03/08/2010

Ryanair to pull out of Belfast
02/08/2010


Petition launched against MRI
01/09/2010


Are Brazil Property Prices Heading into a Collision Course?
31/08/2010


US commercial property market prices dropping
30/08/2010


Established countries dominate property searches
27/08/2010


Global retirement hotspots revealed
26/08/2010


Tax windfall for Irish
25/08/2010


Iconic Dubai Project Flounders
24/08/2010


Australian property investors 'should consider worst-case scenarios'
23/08/2010


Cape Verde - A Hot-Spot!
20/08/2010


Spanish property 'has reached lowest price of the recession'
19/08/2010


Developer wanted by police
18/08/2010


Bulgaria house prices down 0.8%
17/08/2010


10 Reasons to invest in CAPE VERDE
16/08/2010


CAPE VERDE experiencing mini-boom
15/08/2010


Eurozone growth outstrips US
13/08/2010


Cyprus "title deed" fiasco still on-going
12/08/2010


Number of USA homes for sale rising
11/08/2010


Spain: A top retirement spot
10/08/2010


Overseas buyers could face financing issues as government fails to produce deeds
09/08/2010


Spanish property sales up in Q1
23 July 2010


Why offer long lets at your holiday home
22/07/2010


Demolition and black-listing threat in Cyprus
21/07/2010


New law on Cyprus title deeds delayed
20/07/2010


Crete - an island gem
19/07/2010


Mexicans overtake Brits in the US property market
16/07/2010


Canadian Govt restricts visas
15/07/2010


World Cup victory to boost Spain's tourism
14/07/2010


Turkish Cypriots seek redress for property in European court
13/07/2010


Foreign ownership ban should help clean-up Brazilian market
12/07/2010


£250 bikini fines in Spain
08/07/2010


Title Deed law changes delayed
07/07/2010


Cape Verde: An introduction
07/07/2010


Is there room in the European Union for Montenegro?
05/07/2010


Dubai house prices fall 1.23% in May
02/07/2010


Cyprus government plans to increase property tax
01/07/2010


Canadian housing market has cooled, says CREA
30/06/2010


BRAZIL: Foreigners could be banned from owning land
29/06/2010


Mortgage quote rise for potential property buyers in Turkey
28/06/2010


Asian Property Market 'Reminiscent' of Pre-Subprime Crisis in US
25/06/2010


Brits "play it safe" with foreign property investment
24/06/2010


Slight improvement for Cyprus real estate market but economists predict 4% fall in prices in 2010
23/06/2010


Buying property in Crete
22/06/2010


Owners furious about construction quality of Torre Lugano skyscraper in Benidorm
21/06/2010


Euro mortgages cash in on exchange rates
16/06/2010


NORTH CYPRUS: Couple lose home due to unpaid developer loan
15/06/2010


Spanish prices continue trend towards positive territory
15/06/2010


Further discounts likely to be seen in Spain
14/06/2010


1000 Irish investors in Dubai saved by Indians
08/06/2010


Enter your email address to receive our weekly newsletter.

Email

 


NORTH CYPRUS: Couple lose home due to unpaid developer loan

The British press have details of another "holiday home nightmare" story today. 

The Express & Star report on the fate of British couple who bought a home in Northern Cyprus only to discover the land on which it was built was used as security for an unpaid loan.   The developer defaulted and the bank repossessed the couple's home.

The couple spent £85,000 purchasing the property and a further £10,000 refurbishing it.

However, Akfinans Bank Ltd was entitled to resposess it as the land was used as security for a loan it made to property developer, Kulaksiz Construction.

It is not clear whether the property was bought through an agent but it's clear the couple were not advised properly and adequate legal due-diligence was not undertaken.

Untitled Document

Property in Dubai

Property in France

 

Property in Spain

Property in Morocco

Property in Egypt

Property in Cyprus

Property in Portugal

Property in USA

Property in Bulgaria

Property in Turkey

Property in Brazil

Property in Germany

Property in Italy

Property in Romania

Property in Cape Verde

Property in Bahamas

Property in Greece

Property in South Africa

Property in Croatia

Property in Montenegro

Property in Hungary

Property in Canada

Property in Thailand

Property in Crete

Property in United Kingdom

Property in Poland

Property in India

Property in Czech Republic

Property in Malaysia

Property in Canary Islands

Property in Caribbean

Property in Panama

Property in India

Property in Poland

 

Copyright 2008 www.365OverseasProperty.com
Derry House, Listowel, Kerry, Ireland. Tel Ireland 00 353 6823685 / UK 0844 202 0033. Click here to email