Cyprus Court Jails Hungarian Realtors Over Disputed Property Deals
Two Hungarian nationals were sentenced to prison in Cyprus for brokering property deals in Turkish-occupied northern Cyprus, highlighting ongoing tensions over territory dispossession since the 1974 conflict. The court case underscores complexities in real estate investments in disputed areas, with legal actions affecting peace talks between the Greek and Turkish Cypriots.
- Country:
- Cyprus
In a significant legal development, a court in Cyprus has sentenced two Hungarian nationals for their involvement in the illicit sale of properties in the Turkish-occupied north of the island. These properties were originally owned by Greek Cypriots who fled after the 1974 war.
The two women were convicted for advertising and facilitating the sale of coastal properties without the registered owners' consent, a move bound to further strain relations between Greek and Turkish Cypriots.
The Criminal Court in southern Cyprus handed down sentences of 2.5 years and 15 months respectively, amidst increasing legal actions against foreign investors in disputed northern Cyprus properties, a situation impacting efforts to resume peace talks.
(With inputs from agencies.)
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