A Cypriot-Greek seeks compensation for real estate through the Real Estate Commission

The Cypriot-Greek, who was mandated by the European Court of Human Rights (ECHR) to pay compensation for lost profits and non-pecuniary damage due to the violation of his property rights, has approached the Real Estate Commission (IPC).

According to local media reports, the property claim filed with the IPC resembles the case "Loizidou v. Turkey." However, unlike the claimant in the "Loizidou case," in this instance, the applicant chose to seek a resolution specifically through the IPC.

Local media notes that "such a turn of events confirms the effectiveness of the IPC, contrary to claims from the Cypriot-Greek side."

Recall that on July 22, 1989, Cypriot-Greek Titina Loizidou lodged a complaint with the ECHR against Turkey on the grounds that her land and property remained in the Turkish Republic of Northern Cyprus (TRNC). The ECHR ruled to award the applicant financial compensation. On December 2, 2003, the compensation was paid. On September 22, 2022, the Committee of Delegates closed the consideration of the ECHR's decision on this case, recognizing the measures taken by the IPC as effective and sufficient.

The Real Estate Commission (IPC) was established in accordance with the Real Estate Law, following the decisions of the European Court of Human Rights. The purpose of this measure was to create an effective domestic remedy for lawsuits related to abandoned property in Northern Cyprus.

The TMC officially began its operations on March 17, 2006. Its activities are aimed at satisfying the legitimate demands of property owners without compromising the rights of the Turkish Cypriot community.

As of December 21, 2023, 7,430 applications have been submitted to the Commission, of which 1,499 have been reviewed. The Commission has awarded applicants compensation totaling £421,962,311.