Turkish Cypriot authorities move to transfer Greek Cypriot property in Kyrenia

On August 14, 2026, the unrecognized authorities in the northern part of Cyprus issued a decision regarding the transfer of Greek Cypriot property located in Kyrenia. The move follows an alleged agreement with the original owner, processed through the so-called compensation commission. This high-value transaction involves multi-million pound compensation and is expected to be finalized once the owner signs the settlement agreement.

The site in question is currently occupied by a hotel and casino complex operated by a company that has been using the land for years. This development follows a nine-year legal battle that appears to have been expedited to reach a conclusion. Concurrently, the occupation administration has reportedly granted permits to foreign nationals to acquire Greek Cypriot property, raising further concerns regarding property rights in the region.