As of September 13, 2024, the Immovable Property Commission (IPC) has processed a total of 7,734 applications, according to the commission’s president Növber Ferit Veçhi.

Out of these, 1,840 cases have been concluded, with £467,060,546 awarded in compensation to applicants.

In a interview with the Turkish News Agency Cyprus (TAK), the head of the Immovable Property Commission Növber Ferit Veçhi provided a detailed update on the Commission’s work, highlighting that in addition to the compensation awarded, 15 cases involved property restitution, two cases were settled through property exchange and compensation, and one case was resolved through restitution.

Furthermore, 10 cases were concluded under the provisions of Law 13/2008, allowing the applicants to purchase properties by reaching an agreement with the Greek Cypriot owners.

Veçhi noted that 5,894 applications remain under various stages of review.

Of these, 3,739 have already had opinions submitted, while 2,215 are awaiting additional documentation from applicants.

A total of 1,524 cases have been assigned hearing dates to facilitate their resolution.

Since October 2021, the IPC has issued decisions on 432 cases.

The IPC continues to work diligently to resolve cases as quickly as possible, Veçhi stated.

Compensation payments amounting to £297,137,484 have been made to applicants in 1,161 cases, with the associated property transfers completed.

She emphasized that all applications concluded by 2021 have been paid, and payments continue to be made efficiently.

In a notable development, Veçhi reported that 26 Greek Cypriot applicants who had cases pending at the European Court of Human Rights (ECHR) withdrew their claims following compensation decisions by the IPC.

A total of £26,458,420 was paid to these applicants, and the ECHR subsequently dismissed the cases, acknowledging that they had been resolved through the IPC, the competent domestic body.

Veçhi expressed satisfaction that the ECHR has consistently recognized the IPC’s decisions.

She referred to previous rulings, such as the Demopoulos and Meleagrou cases, where the ECHR affirmed the effectiveness of the Commission and found subsequent challenges inadmissible.

The IPC, working alongside all relevant stakeholders, continues to operate with a focus on delivering fair, transparent, and timely resolutions to property disputes, Veçhi concluded.