Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Tuesday, October 27
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Property»Cyprus real estate agents welcome jail terms over property usurpation
    Property

    Cyprus real estate agents welcome jail terms over property usurpation

    May 12, 20253 Mins Read


    The Cyprus Real Estate Agents Registration Council on Monday welcomed the court’s decision to convict two Hungarian nationals for their involvement in the illegal promotion and sale of Greek Cypriot properties in the island’s north.

    Council president Marinos Kineyirou said the ruling “sends a clear and unequivocal message that such illegal acts do not go unpunished”.

    The convictions mark a significant legal milestone in Cyprus. They are the first cases in which individuals have admitted guilt for usurping Greek Cypriot property in the north since 1974.

    Since then, the Republic of Cyprus has maintained that it retains sovereignty over the occupied areas, despite its inability to exercise control.

    The Nicosia court found that both women had knowingly engaged in promoting and advertising homes constructed on land belonging to displaced Greek Cypriots, without the owners’ consent.

    The first defendant, a retired beautician, was sentenced to two and a half years in prison. She admitted to 21 out of 63 charges, which included advertising real estate in Kalogrea, Ayios Amvrosios, and Akanthou through her personal website and social media.

    A search revealed brochures for tourist complexes and a “marketing and agency agreement” on her mobile phone. This agreement offered her a twenty per cent broker’s commission from a property company based in the north. Other documents bearing her signature as an “agent” were also found in her possession.

    The second defendant, a hairdresser, received a fifteen-month prison sentence. She pled guilty to six charges and had been promoting properties on behalf of the same company. A separate agency agreement from 2024 granted her a five per cent broker’s commission.

    She told the court she had referred interested buyers to the north and was unaware her actions were illegal, mistakenly believing that an agreement between Greece, Turkey, and Cyprus had resolved all property compensation matters.

    The court rejected this claim, stating that the defendants “knew or should have known” they lacked legal authority to market the properties. It described the offences as “very serious” and warned that promoting such sales contributes to “further legal faits accomplis” that jeopardise the rights of displaced persons.

    While acknowledging the women’s cooperation and lack of prior criminal records, the court insisted that the sentences must act as a deterrent.

    Kineyirou condemned the actions as “unacceptable”, particularly in light of the violent displacement suffered by the original property owners.

    “It is unacceptable to attempt the usurpation of properties belonging to people who were violently displaced from their homes,” he said.

    “The council, within the limits of its powers, will continue working to prevent similar phenomena in the future,” the council stated in its announcement.

    Finally, the council stressed the need for “continuous vigilance and coordinated efforts at all levels” to tackle the illegal exploitation of property in the occupied areas and curb unlicensed real estate practices.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleCoinbase a failli copier Strategy en achetant énormément de Bitcoin – Mais cela aurait pu la « tuer »
    Next Article Cobalt Holdings plans London’s biggest IPO in two years

    Related Posts

    Property

    UK housing target faces a fresh hurdle as new home registrations fall 13 per cent

    October 26, 2026
    Property

    Property giant halts £3.6bn development project

    October 23, 2026
    Property

    The UK property market is dead… isn’t it?

    October 22, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Bitcoin

    What Happens After the Last Bitcoin Is Mined?

    October 12, 2025
    Bitcoin

    Bitcoin atteint 97 000 $, le plus élevé au cours des deux derniers mois

    May 8, 2025
    Bitcoin

    Bitcoin Hyper en prévente : transactions blockchain plus rapides

    May 13, 2025
    What's Hot

    House Price Index: May 2026

    May 28, 2026

    Stock markets struggling to keep up with rising oil prices and bond yields – National

    September 28, 2026

    ‘This seaside town is Devon’s Dubai – there’s nowhere in the UK like it’

    September 14, 2025
    Most Popular

    India’s Minister of Finance discusses India’s economic growth at Wharton fireside chat

    October 28, 2024

    US Stock Market Crash Warning: Could the US stock market crash in October? What are the Dow Jones, S&P 500 and Nasdaq showing? Here’s what investors should watch and how to prepare

    October 13, 2026

    Bitcoin hovers around $71,000 as Bernstein analysts say token ‘looks bottomed’

    March 25, 2026
    Editor's Picks

    Bitcoin News Today: Will the CLARITY Act Spark BTC’s Next Rally Above the $84K Supply Wall?

    May 15, 2026

    Bitcoin Price Jumps as Pakistan Proposes Two-Week Ceasefire In Iran War

    April 7, 2026

    DTI-Davao to Hold ‘Madayaw!’ Trade Fair in Manila

    November 26, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.