Prime Minister Üstel Assures: Country and its Institutions are United in the Fight for Justice and Law
Prime Minister Ünal Üstel Addresses Concerns About TRNC Real Estate Market and Financial System
Prime Minister Ünal Üstel recently spoke out about the TRNC real estate market and financial system in response to news reports in the Greek press. He addressed concerns about organized attacks from the Greek Cypriot lobby and emphasized his commitment to justice and the rule of law.
In his statement, Üstel expressed dismay at the unfounded and aggressive criticisms levied against the TRNC real estate market and financial system, particularly from the Greek Cypriot lobby. He also expressed disappointment at the internal discourse within the country, which, he believes, is driven by opposition without considering the welfare of the nation.
Üstel assured the public that the TRNC is not abandoned and highlighted the government’s efforts to strengthen the real estate market and financial system. He revealed that an amendment to the Land Registry Fee Regulation has resulted in the transfer of £5 million to the Immovable Property Commission, with plans for additional resources to be allocated in the future.
The Prime Minister stressed the need for unity between the government and the opposition in addressing the challenges facing the real estate sector. He also highlighted the TRNC’s commitment to combating crime and illicit financial activities to ensure the integrity of the market.
Üstel acknowledged the unique appeal of the TRNC for homebuyers, citing factors such as peacefulness, safety, and a legal system that provides a sense of security for property buyers. He also mentioned the government’s efforts to facilitate electronic applications for property acquisition by foreigners to ensure transparency and compliance with legal standards.
On the issue of preserving agricultural and forest areas, Üstel emphasized the government’s commitment to addressing concerns and revealed plans to introduce a new law to strengthen protection measures. He also discussed initiatives to improve the Immovable Property Acquisition and Long-Term Rental Law, aiming to eliminate existing problems and enhance legal regulations.
In conclusion, Prime Minister Ünal Üstel reaffirmed the government’s dedication to addressing the challenges facing the TRNC real estate market and financial system. He called for collaboration and constructive efforts to strengthen the sector and emphasized the country’s resilience in the face of external criticism.
