British evictions highlight north’s property perils - Cyprus Mail

A GROUP of elderly British expatriates living near Kyrenia are awaiting eviction from their homes after a developer mortgaged the land on which they were built and then defaulted on repayments.

It has emerged that their developer, who is understood to have fled to Turkey, handed the title deeds of ten properties to the Akfinans bank without the knowledge of the owners in order to secure a loan of £41,600.

The residents said the eviction had already started last week when employees from Akfinans Bank broke in and entered the house of a female resident without a warrant or court order. The manager of the local bank was photographed entering one villa through the kitchen window.

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