The purpose of this Commission was to establish an effective domestic remedy for claims relating to abandoned properties in Northern Cyprus. The European Court of Human Rights, with decision on 1 March 2010 as to the admissibility of Demopoulos and Others v. Turkey found that Law no: 67/2005 provides an effective remedy and rejected the complaints of applicants for non-exhaustion of domestic remedies.
The Immovable Property Commission officially began its performances on 17 March 2006. The Immovable Property Commission examines claims for restitution, compensation and exchange according to the provisions of the law no 67/2005. Its considerations are based on the principles of bi-zonality and bi-communality which have been common elements of the 1977-1979 High Level Agreements as well as plans for a settlement of the Cyprus Issue prepared by the United Nations. It seeks to satisfy the legitimate claims of property owners without prejudice to the rights of the Turkish Cypriot Community.
IPC seeks to be a just, fast, an effective remedy for property claims. In this way the Commission affirms to contribute to the comprehensive settlement of the Cyprus Issue.