MNCBM manage to get a response from the TRNC Prime Minister

In an initiative to engage the Government in meaningful discussion the Make North Cyprus Better Movement had a meeting with Mr Irsen Kucuk the Prime Minister of the TRNC.

Hasan Hasturer a well known and well respected journalist has reported on this meeting in Havadis Gazetesi yesterday. I am attaching the English translation which, although not brilliant, does give a good feeling for the content of his article.

I am told that future meetings with other Political parties are planned by the MNCBM committee and these meeting will also be reported on by the same journalist. This is a very positive step by the MNCBM and I congratulate them on this .

I have also been told that Yeni Duzen will be reporting on this first meeting.

My thanks to Richard Barclay of Kulaksiz 5 for providing this translation.

“A knife stabbed in the property sector…

As for the Government… The government is not a spectator at the stand.

The Government cannot say cannot say that “these issues of the property sector concern individuals”.

Because thing that happen to some, causes homebuyers from our country to withdraw, change their minds.

If the property sector is going through a crisis, one of the most important issues is the experience people go through who happen to buy trouble while trying to buy property.

If a remedy is failed to be found for this issue, the price will be very heavy and the major responsible will be the government who fails to fulfil its duty.

In our country, two booms occurred within the property sector.

The first made everyone smile, and filled their pockets with money. Also the homebuyers were happy.

Happiness lasted shorter than a summer rain.

‘Contractors’ that popped out like mushrooms went bankrupt one by one.

Among them there were people who had zero skills on business managing.

The state did not control entrances to the sector.

And the price for the collapse was very costly.

***

Those who went into hot water, who had economic problems sought hopes within the world of finance.

During that search, most simple principles were violated in cooperation.

Eventually, those who paid to buy houses faced extremely grave situations.

Apparently, houses that they thought they owned were given in mortgage to the bank.

When the contractor failed to repay for his debt, “These houses are mine” said the bank.

***

Briefly this is what went on.

Many think that this situation only concerns the foreigners.

There is no such thing.

Many Turkish Cypriots suffer from the same problem.

But we have to admit that no rational person could blame especially the foreigners, who  for example bought trouble while buying houses from the Kulaksız company.

Presenting issues as if they were too complicated causes a misunderstanding as if their solution were also difficult.

Very few are to blame among those who bought trouble while buying houses within the property sector.

The rest are the victims of the confidence they had in people and in the system.

***

One of the reasons that I wrote this today is because Prime Minister İrsen Küçük will be meeting with the representatives of the victims today.

When we look into Kulaksız victims and to other examples three sides are seen.

One, homebuyer.

Two, person who sales the house

Three, bank or the financial institution that loans money to the contractor.

Most innocent of all three are the homebuyers.

Especially how could foreigners think that a mortgaged estate could be sold to them or given in to mortgage after they were sold.

***

When a mortgage is given in, the one who gives in mortgage, existing buyers, or the future buyers should be considered and be protected.

Moreover, they have to share this with the financial establishment which will loan them.

Or else, a situation will appear that deserves the most severe qualifications.

If a contractor sells a mortgaged  property until the mortgage is cleared, that is until he settles his debt, and a problem occurs later, then this means that that someone is officially being swindled.

If any mortgage transaction is done after the sales, then this time the question is that the establishment that loans the money is ill-informed.

The current mortgage regulation orders the one who loans to ask and the one puts –the property- in mortgage to provide correct information. Even, the tenant if the property or house has one should also be declared. 

***

Let me emphasise on something.

I am not a jurist.

On one hand there is the reality of the law and on the other moral values of the community.

No matter what people might say, law is never above ethical and moral values. The law, justice, and regulations by no means contradict with the community’s moral values.

The mission of the law is to protect the right.

And to rap the unjust over the knuckles.

One who forestalls people to own the house they paid for cannot defend himself.

Any person who puts the house he sold to someone in mortgage is guilty and will pay the penalty of his crime.

The financing establishment should also know the situation of the property they mortgage and should follow up for the possible developments.

That simple.

***

As for the Government… The government is not a spectator at the stand.

The Government cannot say cannot say that “these issues of the property sector concern individuals”.

Because thing that happen to some, causes homebuyers from our country to withdraw, change their minds.

If the property sector is going through a crisis, one of the most important issues is the experience people go through who happen to buy trouble while trying to buy property.

If a remedy is failed to be found for this issue, the price will be very heavy and the major responsible will be the government who fails to fulfil its duty.

Don’t say we did not warn…”

Print Friendly, PDF & Email

Comments are closed.