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permission to buy in Turkey -new law

Discussion forum for expats moving to or living in Turkey.

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permission to buy in Turkey -new law

Post Posted: Sat Oct 15, 2005 7:06 pm

Question I have a deposit on a property in Turkey and then recenlty heard of the change in foreigners being able to buy property until the law is changed. Anyone got any advice -it seems the estate agents are still selling with little mention of this law. Even at a recent property investor show not one company mentioned this! Any advice.
Thanks

 

Musicman
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Re: permission to buy in Turkey -new law

Post Posted: Sat Dec 24, 2005 10:50 pm

The Turkish parliamentary justice commission on Tuesday 20-12-2005 adopted the draft bill to pave the way for the sale of land in Turkey to foreigners.

Despite opposition from the military, the bill was accepted with one change which nullified the articles allowing sale of military and security zones to foreigners.

Nationalist circles and the military strongly oppose the selling of property to foreigners, citing security concerns.

In March, the Turkish Constitutional Court cancelled a previous bill that authorized property sales to foreigners under some circumstances.

The bill permits foreigners to buy up to 25,000 square meters of real estate and the figure may be increased to 300,000 square meters by cabinet approval.

Crabbit

 

crabbit
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Re: permission to buy in Turkey -new law

Post Posted: Tue Jan 03, 2006 8:38 pm

Musicman i'm sure if you post www.expatsofturkey.com you will find lots article about new law

 

ecansel
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Re: permission to buy in Turkey -new law

Post Posted: Wed Apr 26, 2006 7:21 pm

The new law was ratified on 7th January (and applies retrospectively from the 26th July 2005) but there are still some local issues that buyers are reporting.
These are largely surrounding the purchase of non-municipal land/property.

I post updates on my blog, which can be found in my profile.

 

Aegean
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