Kibkom North Cyprus Forum

Hi, if a property is purchased outright with a 'Korcan' is it 100% guarenteed that you own
that property. No one, ie from South Cyprus can have claim to it ?
Thank you

Has no one got an opinion on this ?

Not an easy one to answer. some people have had a Kocan in their name but were taken to court by Greeks who won the case and so lost their home. But it is rare.

Based on the lack of knowledge of owning here, and from your other post about residency, can I suggest you rent for at least a few months first.

Might save a whole lot of heartache down the line.

There have been many years of warnings, scares and nervousness.
Some 10 years after the Annan plan was rejected, the ECHR, Immoveable property commission, South side litigation threats have all made for a confused state within the property market.
Right now I feel that with a Kocan things are pretty safe from most gremlins like stealth mortgages, South side litigation, Orams type claims.
The biggest risk is from unscrupulous advocates who still work too closely to estate agents and builders.
Do your research check the Kocan at the Tapu. Talk to the builder/developer and challenge them on contractual obligations. Speak with local people and neighbours to secure an insight upon any issues with developer, beledisi,Water, and electric.
Part with NO money until you are sure and only pay when works have been done to your satisfaction.
ALL things considered its much better and getting better.