in Cyprus Today – 27/2/2010
Chaos rains: natural disaster is worst flooding in living memory – 18cm of rain tore down bridges, breached dams and flooded homes. The unfinished Girne bypass became a river channelling water so it formed a lake. The January flood led to a report being compiled which criticised poor drainage and a policy of allowing building on river beds.
Electrician dies fixing power loss – a KibTek electrician was electrocuted when the power was turned back on while he was working on tangled cables in Lefkoşa.
Deeds case – a buyer on the Seaterra development in Tatlısu has taken legal action after discovering a £2m mortgage had been placed on the site. NCFP contributor Sibel Hodge’s case against a Seaterra sister company, Marsole Properties Ltd, has been adjourned. She and her husband discovered 4 mortgages on the site which prevents them obtaining title deeds.
Guarantee treaty backed – the TRNC Parliament backed the guarantee system after GCs decided it should be scrapped. In a separate article President Talat accuses the GCs of ruining the Peace Talks by scrapping the guarantee system.
Cyprus ciitrus exports slump by half – north Cyprus citrus exports from the period 2007-2009 dropped from 112,000 to 53,000 tonnes. Potatoes dropped from 9,000 to 2,200 tonnes and grapes from 9.8 tonnes to nothing. This was blamed on reduced production rather than demand. EU grants were awarded in an attempt to remedy this.
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‘ M ‘arsole’ Properties Ltd,- something in that name makes me think they might not be quite trustable – have they got ‘piles’ of mortgages and also there are many interesting anagrams of their sister company, Arse Tear !
http://latchfords.spaces.live.com/blog/cns!AED4FE7679CA3C33!2388.entry
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ABAG, thank you for your anal ysis
Oh dear, sorry Sibel, join the club
A leading Advocate says it is normal for a builder to mortgage
your land – the same Advocate puts a clause in the Contract of
Sale prohibiting this practice. You Couldn’t Make it Up – could you?
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