Police Crack Down on Illegal Real Estate Brokerage: CTREA Applauds Efforts

The Cyprus Turkish Estate Agents Association (CTREA) has expressed its appreciation for the recent police operations targeting unlicensed real estate brokerage, emphasizing the significance of these efforts in safeguarding the sector’s integrity.

Following the enactment of the Cyprus Turkish Estate Agents Association Law No. 62/2024, law enforcement, particularly the Political and Financial Crimes Department of the Famagusta Police Directorate, has intensified its fight against illegal property dealings. The CTREA acknowledged the determination and diligence of the officers involved, extending their gratitude for the successful implementation of these measures.

Reaffirming their commitment to ongoing cooperation with the authorities, the CTREA highlighted the importance of sustaining such efforts to ensure a fair and regulated market.

At the end of the statement, the CTREA released the following message:

Press Release:

“To the General Directorate of Police of the Turkish Republic of Northern Cyprus,

With the enactment of the Cyprus Turkish Estate Agents Association Law No. 62/2024, we have been closely following the ‘Illegal Real Estate Brokerage’ operations conducted, particularly by the Political and Financial Crimes Department of the Famagusta Police Directorate.

The successful execution of these operations in the fight against unlicensed real estate activities is of great importance to our sector. In this regard, we highly appreciate your determination and dedication, and we extend our sincere gratitude to all police officers involved.

We wish you continued success in your duties and reaffirm our commitment to ongoing collaboration.

Best regards,

Cyprus Turkish Estate Agents Association”