Interior Minister Neo?lis Silikiotis said that companies which engage in illegal sale or purchase of Greek Cypriot properties in the Turkish occupied north of Cyprus will not be allowed to operate in the Republic of Cyprus.Regarding the activity of foreign real estate companies in Cyprus, Mr Silikiotis said that “A relevant legislation has been tabled in the House of Representatives which provides for the amendment of the provisions of the existing law”.So far, he added, permits to work as realtors are given on a personal level, but after the relevant law is amended, companies will be able to operate, provided they comply with certain provisions such as employing people who are registered in the Realtors Registration List and that at least one person in the company speaks Greek.Mr Silikiotis also stated that it is evident that “companies which engage in the illegal sale or purchase of Greek Cypriot properties in the occupied areas cannot be allowed to operate in the Republic of Cyprus”.
Source: Financial Mirror (Cyprus)
