A recent analysis published in the Cyprus Mail highlights that Greek Cypriots with properties in Northern Cyprus see applying to the Immovable Property Commission (TMK) as the “only option” under current conditions.
The article notes that Greek Cypriot property owners have been misled by “false hopes and empty promises” over the past 52 years. Findings regarding the implications of this situation suggest that it is unfair to criticize these individuals after 52 years. While the Greek political system may not approve of this reality, it is stated that these individuals retain the right to claim compensation from the TMK.
Applications to TMK Are Increasing
The establishment of the TMK in 2005, following a ruling by the European Court of Human Rights (ECHR), is recalled, while it is noted that Greek Cypriots have faced various pressures to deter them from applying to the Commission. These pressures are perceived as aligned with Turkey’s policies and are thought to weaken the Greek side’s negotiating position.
Furthermore, it is emphasized that an attempt to instill a sense of guilt is made, suggesting that applicants do not prioritize national interests over personal gains. Nevertheless, it was shared that the number of applications continues to rise, with recent data indicating that there have been 8,755 applications so far, of which 3,952 have been resolved. The total compensation amount is reported to be around 775 million euros.
National Fund Proposal Awaited
The article also mentions a year ago, the ruling DISI party proposed the establishment of a national fund to address the loss of use of properties in the North to prevent owners from applying to the TMK; however, this proposal is still pending in the Greek Cypriot Parliamentary committee. Additionally, it is stated that the Greek government is working on special financial support plans for property owners, but their potential impact remains uncertain.
The lack of proposals to increase compensation for property owners over the past 52 years brings about the notion that support has come too late. For such aids to be effective, it is critical that the amount of compensation provided by the state is substantial; otherwise, comparisons with the compensation Greek Cypriots seek from the TMK become significant.
In conclusion, it is suggested that Greek Cypriot property owners are evaluating the best option to reclaim their properties or receive adequate compensation, and it is imperative that their rights are sufficiently protected throughout this process.
Source: www.diyaloggazetesi.com
