In 2005 the government in the ‘Turkish Republic of Northern Cyprus’ (TRNC) passed legislation which created the Immovable Property Compensation Commission (IPC), an organisation which seeks to provide a just and effective remedy to the property claims of Greek Cypriots who lost control of their properties due to the Turkish military intervention in 1974.
For further information about to find out who is eligible to claim, see the full article here: Lost Property in Northern Cyprus – The Immoveable Property Commission.
According to the Immoveable Property Commission, as of 14 December 2018, 6,503 applications have been lodged with the IPC Commission and, so far 928 claims have been concluded resulting in compensation of £296,547,921 to date.
Initially, the Immovable Property Commission was intended to operate from the date of the legislation until 21 December 2009. This was subsequently extended to December 2015, later a further extension until December 2017 was granted and the current deadline is now December 2021.
Given the track record, there is a chance that this deadline may be extended again, however, this is not guaranteed. Many legitimate claimants may have since passed away, and therefore in order for the legal heirs to the Northern Cyprus property to make an IPC claim, it may be necessary to obtain probate in Cyprus beforehand. Probate in Cyprus can be a lengthy and convoluted process, and so it is advisable to seek legal expert advice on this as soon as possible, to ensure that the necessary process is handled in a timely manner to avoid missing the IPC deadline.
How do I make a claim to the IPC?
Contact Worldwide Lawyers today on 01244 470339 or at firstname.lastname@example.org.
Worldwide Lawyers can put you in touch with a lawyer in Northern Cyprus (TRNC) who has experience assisting Greek Cypriots and their families with claims to the Immoveable Property Compensation Commission for compensation. If Probate is required, you will need to speak with a Cypriot lawyer in the Republic of Cyrus who can assist with this. Worldwide Lawyers will be happy to recommend a suitable Cypriot inheritance and Probate lawyer to assist with this aspect.
We can provide you with further information about making an application to the Immoveable Property Compensation Commission and obtain a no-obligation quotation from an experienced lawyer in Northern Cyprus to assist you with all aspects of your IPC claim.