Longstanding Property Disputes in Divided Cyprus

Shimon Mistriel Aykout sentenced to 5 years for illegal property development in Turkish-held north.
Aykout arrested in June 2024 after decades of disputes from 1974 Cyprus division.
Afik Group developed 400,000 sqm of property valued at 38 million euros between 2014-2024.
Prosecution claims ethnic division doesn't invalidate legal property rights.
Israeli and US supporters urged Aykut's release; Turkish Cypriots reacted angrily.
Real estate sector in north faces panic over potential property seizures.
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