THE Larnaca Golf Property Action Group (LGPAG) is expanding its help and support to all those who have bought golf properties at Tersefanou and is holding a meeting later this month.
The meeting will take place in North London on Saturday 28th at 12 noon. The location will be given to those who register on their website. A nominal fee of £10/person will be charged to cover the cost of hiring the hall.
Attending the meeting will be a lawyer of Kyriakides & Alexandrou who specialise in international litigation. This lawyer has been working with LGPAG and is currently taking legal action against developers for their alleged mis-selling of golf properties in the Tersefanou area of Larnaca.
In addition, a chartered accountant who specialises in taxation matters will give a talk about the UK Inland Revenue overseas inspections that are currently taking place. He will be pleased to offer advice to those attending the meeting.
Although the area was planned to have a Golf Resort and Country Club designed by the European Golf Federation and maintained by PGA Golf Management, LGPAG says that it is unlikely to be built. This has resulted in the ‘golf properties’, which were sold at a premium price based on the promise of a PGA golf course, having no rental or resale potential. According to LGPAG, structural faults have appeared on a number of the properties and many of them are suffering from damp.
Members of LGPAG are fighting to hand back the properties in return of their deposits.
At the meeting you will hear about the work of LGPAG and you will be given the opportunity to ask questions of the lawyer attending. You may also join LGPAG and add your weight to more than 100 of those who have already joined the group and who are taking action through the courts.