ECHR says Turkish Cyprus compensation amount right

The European Court of Human Rights agreed with the Turkish Cyprus Immovable Property Commission's method of calculation for compensations.

ECHR says Turkish Cyprus compensation amount right


The European Court of Human Rights (ECHR) agreed with the Turkish Republic of Northern Cyprus (TRNC) Immovable Property Commission's method of calculation for compensations.

In the case of Greek Cypriot Antonakis Solomonides against Turkey, the court ruled that the compensation requested by the applicant for his real estates in northern Cyprus was unrealistic and that the amount of compensation offered by the TRNC Commission was right.

In his application to the ECHR in 1990, Solomonides requested 23 million euro to compensate the loss of use for his properties of 343,295 square metres in Girne, Magusa, Guzelyurt and Lefkosa. The properties had a market value of 600 thousand euro in 1974.

TRNC Immovable Property Commission offered to pay 2.18 million euro as compensation to Solomonides on the basis of prices of properties in northern Cyprus.
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Last Mod: 29 Temmuz 2010, 16:01
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