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After a long wait
and much speculation, the Turkish Government has passed the new laws for foreign
purchase of property.
For the private
person wanting to buy a home in Turkey, not much has changed. The new law restricts the amount of land
a foreign national can buy, installing a limit of 25,000m².
thing is that the hold on the processing of title deeds for foreign purchases
which has been in place since July 26, 2005 has now been lifted, meaning that
non-Turkish persons can again purchase property.
The new law is
also retroactive, covering any application to the Title Deed Offices from July
26 2005 onward.
The following is a summary of
a report published by the
Turkish Embassy in London on
the new law and it's effect on foreign purchases
You can find it at
under the heading THE NEW TITLE