New law to help foreign property buyers

İstanbul, 4 Mayıs ayı 2012 - The long awaiting property bill has finally passed through the Türk Parliament lifting the restrictions of reciprocity for foreign özellik buyers in Turkey. The removal of the reciprocity law means citizens of the Middle East and Central Asia may now purchase Türkiye'de mülk freely. The new law will also increase the amount of arazi içinde Türkiye that foreigners can buy from 25,000 square metres to 30,000 metrekare. Even this amount can be increased to 60,000 metrekare by application to the Council of Ministers. The new law is expected to substantially increase property sales in Türkiye especially property in İstanbul and the popular coastal areas. Kaynak: Yatırım Türkiye

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