Sarah Ludford, she was very keen to share a platform with PKK sympathizers on the 14th of March at London’s Trafalgar Square !!!!

She is from the same party (Liberal MEP) that Simon Hughes MP belongs to and spoke to Turkish audience at South London SCTA .. with not so full promises !! Difficult to judge what Liberal Party is playing at ?! HALUK SAVAS

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For immediate release: Thursday 30th April=2 02009

Contact: Sarah Ludford +44 7711 553587 or Rachel Hamburger +44 (0)20 7288 2526 Mobile +44 (0) 7841534466

European Court judgement on property in North Cyprus - Ludford

The EU’s highest court, the European Court of Justice, has ruled in the Orams/Apostolides case, that British couple Linda and David Orams are open to UK court action to seize their assets here if they do not demolish the house they built in north Cyprus and pay compensation to Greek Cypriot owner Mr Apostolides as the Republic of Cyprus court ordered five years ago. The Orams claim to have bought the land near Kyrenia in good faith based on deeds issued=2 0by the Turkish Cypriot administration in the North. Hundreds of ot her British ‘owners’ of property in north Cyprus are potentially affected.

London Liberal Democrat MEP Sarah Ludford said:

“The technical legal correctness of this ruling may be unquestionable, based on EU measures providing for ‘mutual recognition’ of judgements between 2 EU countries, in this case the Republic of Cyprus and the UK. It is also understandable that Mr Apostolides and other Greek Cypriot owners will feel that it represents justice. We20must not forget however that there are many Turkish Cypriots who have been unable to reclaim property in the South.”

“In any case it will strike many as strange that while EU law is suspended in north Cyprus due to the division of the island - so the judgement cannot be enforced there - the same EU law can be used for a backdoor enforcement of the claim in UK courts.”

“The decision risks reinforcing the sense of=2 0bewilderment felt by Turkish Cypriots. They voted by 2 to 1 five years ago to accept the UN plan for reunification, a plan the Greek Cypriots rejected by 3 to 1, and they were then given an EU promise of an end to isolatio n. Little has been delivered to make that a reality, and the disappointment was alarmingly evident in recent election results which saw a victory for nationalists in the north.”

“The decision makes it all the more vital that the EU finally weighs in to help push forward quickly a political settlement on the island. It has always been recognised that property restitution or compensation, for the rights of both Greek and Turkish Cypriots forced to leave their properties at the time of partition, will be one of the trickiest issues. It is an indict ment of politicians, Cypriot but also European, that this matter has been left to lawyers to sort out because negotiators have failed for so long.”
Tel: 020 77017375

What do you know about Dubai real estate? After the change established by Dubai sheiks regarding freehold ownership by foreigners of properties in Dubai, the property market has nothing else but flourished with world business men queuing to invest thousands of millions of Euro in UAE. Suddenly everyone turned interested in Dubai Real estate properties Market. As a result the cost of real estate property in Dubai have become threefold in years and still rising.


So if you can produce an investment in property or such principal real estate property like flats and villas for now, you can behold it turning to gold like the taste of Midhas in a number of years. What is nice in Dubai is the nonexistence of salary or real estate property buying tax in Dubai. What it means is you do not must pay a single cent as real estate property tax which is an alluring indication to invite rich buyers from all corners of the globe. For this quite reason experts hope to buy real estate property in Dubai.

Owners of properties in the UAE can enter the country and stay up to six months with a new multiple-visit entry visa following a new resolution issued by Lt. General Shaikh Saif Bin Zayed Al Nahyan, Minister of Interior, according to the official news agency WAM.

Under the new move, the multi-entry permit can be renewed according to a set of specific requirements and conditions.

The visa, however, does not give the owner of the property the right to work inside the country.

The resolution is part of the UAE’s efforts to stimulate and boost domestic economic environment and find ways to ensure highest rates of growth and prosperity in the country.

The move also underlines the government commitment to serve interests of those who view the country as an oasis of stability and peace, therefore possessing properties in it.

By allowing those persons to bring in their wives and children, the government shows its keenness to ensure family stability for them.

In view of the resolution, a new paragraph will be added to Article 33 of the executive regulations of the law for entry and residency of foreigners, to read: “Owners of built-in properties can stay for six months from the date of entry into the country. On the expiry of this period, the owner pledges to depart for his homeland or any of the GCC countries. He will only be allowed to enter the country again after meeting the required conditions”.

Another new article will be incorporated into the by-law stipulating that the owner should submit a multi-trip entry visa in regards to the property as per the following conditions.

  • The property should be built-in and this case doesn't include owners of vacant lands.
  • The owner should obtain a title of the property from the property registration authority in the emirate.
  • The unit, be a house or an apartment, should be wholly owned by the concerned person.
  • The value of the unit should not be less that Dh 1 million.
  • The unit should be fit for accommodation and for members of the family.
  • The departments of naturalisation and residency will scrutinise this point.

The article allows the owner to include in the visa application his spouse and children and attaches an insurance cover (for him, his wife and children) valid for the limit of the stay in the country.

Article 34 stipulates that owner should have a fixed income of not less than Dh10,000 or its equivalent in foreign currencies whether inside or outside the country.

In case these terms are not met, the permit shall be null and void.

The resolution shall go into effect from the date of its issuance and be published in the official gazette.

Residential property investors have become worried banks could start asking them to top up their loans, and there are signs it may be beginning.

One mortgage-broking source, who did not want to be named, told the Sunday Star-Times that ASB Bank had written to some investors asking for "statements of position" including up-to-date valuations.

The fear is that was a precursor to asking investors whose equity in their properties had fallen to reduce their borrowings, but ASB Bank said asking for such statements was nothing new.

In a statement, the bank said: "ASB has made no changes to its policy relating to `Residential Property Investors'. We have always reserved the right to request updated information which may take the form of an updated statement of position or in certain instances a registered valuation for securities."

But it added that investors who received such a request should not panic: "Where we do request updated valuations, it is not a pre-cursor that we want a borrower to top up the security for their loans or that we want them to sell a security and repay debt."

Empower Education's Peter Aranyi has long been predicting that banks will start asking property investors to top up their loans, as happened in previous market crashes.

In his 2005 Commercial Real Estate Investor's Guide, Aranyi wrote: "You may be quietly sleeping and suddenly get a call from the bank demanding a reduction in your borrowings with an immediate lump sum payment because the debt-to-equity ratios have changed.

"This seriously happens especially to highly geared borrowers. It doesn't matter that you've never missed a mortgage payment."

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