President Rauf Denktaş stating that, on the issue of property, the Turkish side has always desired a settlement through exchange and compensation, further added that Turkey has been negotiating on the "Loizidou case" for four years, and their decision regarding the payment of compensation aims to create the atmosphere to solve property issues in a balanced and reciprocal manner.

During the program "Üçüncü Boyut" on Bayrak Television aired on 20 June 2003, the President stated that in the decision taken, the payment of compensation would take place in October and stated that "we have legal preparations we ought to carry out until October and the Turkish side has the issue of compensation of their properties on the Greek side".

The President evaluated this issue as creating the atmosphere to solve these issues in a balanced and reciprocal manner.

Underlining that Greek Cypriots could apply to TRNC courts, President Denktaş stated that the Commission legislation prepared regarding this issue had been evaluated by EU lawyers.

President Denktaş stated that with the legislation, which is being prepared, a commission which Greek Cypriots could apply to dealing with exchange and compensation will be formed and that steps would be taken for the Turkish rights on the Greek side and added that these measures could not be interpreted as returning back.