Mavi Real Estate and Property Services, Kalkan

Parliamentary's Justice Committee approved the government bill regarding the sale of Turkish property to foreigners on Thursday. According to approved bill, foreigners and foreign companies will be able to purchase real estate up to 10 percent of areas in the zoning plan.

Turkish property sales to foreigners is to be temporarily halted from Wednesday, declared a Ministry of Public Works and Settlement inline with a Constitutional Court ruling three months ago. A new regulation was delivered to the Board of Ministers for approval. The main issue in the real estate law halted is about the size of the land that a foreigner real person and/or company can puchase within the province and whether the land is already zoned out and planned ofr building.

(Note from Mavi Property) In the meantime, foreigners can currently purchase a property by forming a limited company, which costs approximately £1250. The whole procedure, including the title deed transfer, can be completed within a week at the latest. We believe the current restriction on the law will be ended in a matter of a month.

Turkey and beyond: rewards of buying in the risks and distant lands - independent.co.uk

Cheap summer flights now on sale from EasyJet. Fares from £44.99 to Dalaman from London Gatwick.

The country at the eastern end of the Med is becoming increasingly popular with Brits buying abroad, with 17,000 homes now under UK ownership.

And with apartments costing as little as £20,000 and the sun shining for more than 300 days of the year, it’s easy to see why.

The trend shows no signs of letting up, with bargain hunters searching the Mediterranean and Aegean coasts for affordable places in golf and beach resorts.

And with massive investment in airports, hotels, marinas and tourist hotspots, some property experts are predicting Turkey could soon overtake Spain as Brits’ favourite spot for a holiday home.

The most popular area is the coastline between Kusadasi in the north and Alanya in the south-east, which includes the resorts of Bodrum, Marmaris and Izmir.

Bodrum, one of Turkey’s largest and most cosmopolitan destinations, has long been popular with buyers. The bustling harbour town of Kusadasi and Altinkum, with its stunning beaches, are both rapidly-growing resorts where prices are still competitive.

Michael Johns, of agents the Right Move Abroad, says: “Altinkum has the nicest beaches in Turkey and demand will only increase with two new golf courses planned in the area and a marina to be completed by 2009.”

There are also ambitious plans for Dalaman, including new golf and leisure resorts close to the airport.

One of the downsides of this popularity is that flights have been hard to find recently – although one of the major no-frills airlines is planning more routes to Turkey and a new international airport opens in Alanya next year.

Not everyone is talking up Turkey, however, and a few agents believe some resorts have the same problems as parts of Spain. There is already talk of oversupply in some areas, cheap-looking apartments and arrests of town officials for approving illegal planning permissions.

And when it comes to paying for your home, British buyers will find it far easier in Spain. Most who buy in Turkey either pay in cash or borrow from the equity on their UK home rather than take out a Turkish mortgage.

A spokesman for NatWest International says it has no plans to lend on Turkish homes as yet.

“Spain continues to be No1 and we’re 20 per cent up on mortgage inquiries there since last year,” he adds. “Turkey is maybe Spain 20 years ago, where cheap deals were available. But I wonder if buyers know how safe they are when putting down deposits.”

Things are set to get better, with a new mortgage law in Turkey opening the doors for British buyers to borrow money locally. Spot Blue, an agent in the resort of Fethiye, says come January there should be no problems. “In fact,” says spokesman Julian Walker, “British buyers can already borrow from two Turkish banks right now.”

Popular hotspots
-Kusadasi: Up-and-coming harbour town, near Izmir airport.
-Bodrum: Great nightlife, close to smaller resorts.
-Altinkum: Beautiful beaches, close to Bodrum airport.
-Alanya: Big expat community, good beaches.
-Kalkan: Attractive friendly resort, growing rapidly.
-Dalaman: near airport, plans for golf and leisure resorts.

HIGH prices on the Spanish Costas left Steve and Ann Jackson wondering where to buy a holiday villa… until friends told them to try Turkey.

“We’d never even thought of Turkey but when we got to Kusadasi we found the people really friendly and we loved the lifestyle,” says Ann. “It’s got a harbour, markets and one of the best sunsets I’ve seen.”

The couple, who work on the construction team at Heathrow’s new Terminal 5, say when they took their daughters, Kelly, 11, and Lauren, 10, to their new three-bedroom villa they absolutely loved it.

The Jacksons have bought next door to friends at The Green Village, a mile from the beach and a short drive to Kusadasi town. Facilities include pools, a fitness centre and restaurant. Steve says: “Being in the building trade I was expecting to trash their workmanship but I was amazed at the high quality.”

Mortgages Finally Take Centre Stage
From Turkish Daily News, February 20, 2007

The mortgage system, which has been expected for the past 1.5 years but has been put on hold and postponed each time, is finally on the government’s agenda in the run-up to elections. Seen as 'investment for the elections' the mortgage system is expected to enliven the currently stable real estate market and help pull bank loan interest rates down

ESRA SAHİCİ
ISTANBUL - Turkish Daily News

In a highly anticipated real estate environment – also seen as the government's "investment" plan leading up to the election – buyers will finally be able to take advantage of the mortgage system. Waiting for its day on Parliament's agenda for the past 15 months, the mortgage bill is expected to finally pass this week. It is expected that many buyers, currently in limbo, will be mobilized once the bill passes. Real estate prices will likely increase once the mortgage bill passes.

Experts anticipate the currently stable real estate market to pick up and start improving in spring. While banks give out loans only with fixed interest rates today, the mortgage system will offer buyers interest rates that can be adapted to market conditions. Tax advantages under the bill will only come into play after the system has taken effect, in 2008.

Good news for the buyer:

The mortgage system, that has been expected for the past year and a half but has been put on hold and postponed each time it was due to be discussed in Parliament, has once again made its way onto the government's agenda in the pre-election period. Widely seen as a “pre-elections investment,” the bill caused enthusiasm among buyers. People who dream of becoming homeowners by “paying for a property as if paying rent,” have been lying dormant and anticipating the system for a long while. They are expected to take action with the passing of the bill.

Experts say there has been great apprehension in both buyers and the real estate world since the mortgage discussions first came to Turkey's agenda. “The real estate sector has been at a standstill since the fluctuation in the market in May 2006. However, the official statements that mortgages will pass and become effective came as good news for buyers. The real estate sector will rise with the expectation and the prices are anticipated to rise,” experts say.

Tax advantage will come in 2008:

Saying that no changes were made to the mortgage bill and that the draft was brought to Parliament as it was, banking officials point out that no tax advantages were provided to the buyer. According to the bill, deducting the loan interest from the total tax will be left for after 2008. For buyers, this will not make much of a difference from the current bank loans. It is stated that the tax advantage may be postponed after 2008 also, but that tax advantage is necessary for lower-income groups.

However, the taxes will work differently for loan-providing companies. Banks, insurance firms, retirement funds, and mortgage funding organizations can exempt the revenue they obtain by increasing their capital from bank and insurance taxes. Consequently, when it comes to tax advantages, the mortgage system will be more advantageous for companies than for individuals.

The interest rate will be determined by secondary market:

While there has been an expectation that interest rates will fall as low as 1 percent once mortgage becomes effective, financiers say that there will not be a substantial decrease in interest rates in the after-mortgage era. Pointing out that mortgage interest rates will be determined by costs in secondary markets, financiers add, “With the mortgage system, interest value dates can be bought and sold in secondary markets. This way, loan-providing companies will create a new source for their long-term financing needs. However, we do not expect the mortgage system to affect interest rates in the short-term. On the other hand, those that acquire the positive expectation in advance will reflect this expectation in the prices.”

How will the mortgage system work?:

The buyer will determine the residence he would like to buy. He will apply to loan-providing organizations for a loan. The buyer will need at least a down payment in the amount of 25 percent of the total value of the residence. While it is believed that the repayment period will be 30 years, the value and the interest rate will depend on market conditions. Securities will be issued after the credit and these will be traded on the stock exchange. This, in return, will help the loan-giving establishment to find a higher financing.

ESRA SAHİCİ - Hürriyet

A survey of readers taken by A Place in the Sun Live shows the Top 20 most popular destinations. These include a mix of old favourites and new markets which include (in order of popularity):

Turkey: A land of new horizons

Five years ago, Turkey allowed foreigners to buy property. As business booms, Graham Norwood looks at the options for city slickers and sun-worshippers
From the Independent 29 September 2006

Majority of Turkish property bought by Brits
From Overseas Property Professional website

Data from the Land Registry General Directorate shows that a total of 1,206 properties were sold to foreigners in the first quarter of this year - and 588 were sold to Brits.

Sales were halted last July following a Constitutional Court decision to annul a bill on property sales to foreigners. However, with a new Land Registry law - which came into effect from January - sales have picked up considerably. Based on data compiled from the first week of January 2006 through to mid April, 1,565 foreign nationals bought 412,000 square meters of real estate - with the majority bought by foreign buyers.

The number of foreign nationalities buying in Turkey has also increased (to 24). During the survey period, 588 UK buyers purchased 420 properties, with most preferring the south of Turkey; Germans bought 258 (second out of the 24), followed by the Irish, Dutch, Norwegians, Belgians and Greeks. These foreign buyers also bought in 30 cities over the last three months, with the majority of sales made in Antalya (where 875 foreigners bought 637 pieces of property), and many in places like Aydın, Muğla, Istanbul, Mersin and Izmir.

Country........No..........Pieces.......Size (sqm)
Germany......258.........267...........171.844
USA.............3.............4..............503
Australia.......1............1...............16
Austria.........36...........24.............30.468
Belgium........51..........69..............3.861
Denmark......18..........24..............1.687
Finland.........15..........19..............1.575
France..........8............10..............1.285
South Africa..1............2................36
Georgia........1............1................21
Holland.........116.........163............19.951
England........420.........588............86.122
Ireland.........128.........188............37.300
Spain............2............4...............495
Israel............2............3...............93
Sweden.........11..........12..............811
Italy..............3...........3................3.813
KKTC.............6...........6................41.406
Macedonia......2...........2................140
Norway..........82..........122............6.247
Russia............8...........7................1.049
Serbia-Mon.....2...........2................36
Ukraine..........4...........4.................850
Greece...........28.........40...............2.392

Overseas: Turkey - is the coast clear now?

A place by the sea for £20,000? It's still possible in this emerging market, discovers Graham Norwood

Published: 29 March 2006

It's now five years since foreigners were first allowed to buy homes in Turkey, and the market has exploded with interest.

Almost 1.4 million UK tourists visited the country on holiday in 2004 (the latest year for which statistics are available), a 50 per cent increase on the numbers five years earlier. The records show that, of the 48,051 homes owned by foreigners in Turkey in 2005, no fewer than 7,084 are in British hands, up from 2,420 in 2003.
The most sought-after area of Turkey is its so-called Turquoise Coast, where the Mediterranean and Aegean seas meet.

The Turkish Property Centre, based in Newcastle, says the most popular locations for British buyers at the mid to lower end of the market tend to be Bodrum and Fethiye, although smaller, less well-known areas on the outskirts of these resorts, such as Antinkum and Kushadasi, are also popular. "In some places you can buy coastal flats for £20,000, although some higher-quality developers are now moving in as well, especially to Fethiye," a TPC spokesman says.

Michael Doig of Colliers CRE, a British property consultancy that monitors Turkey's housing market, says: "As in many countries that are becoming the focus of British residential investors, price growth is being estimated at anywhere from 10 per cent to 40 per cent a year."

But prospective buyers should beware: the annual Global Real Estate Transparency Index, produced by consultants Jones Lang la Salle, describes the Turkish housing market as "opaque", with poor information on property availability, weak processes to establish exact ownership, and corrupt practices among selling agents. It is also almost impossible for foreigners to get mortgages in Turkey, so drawing down equity from a principal home in the UK is the easiest way to buy a property.

But the same criticisms would have been made of Spain 40 years ago, and Turkey will no doubt improve over time, just as Spain has.

Certainly, in a bid to boost its campaign for admission into the EU, the country has brought inflation down to its lowest level since the mid-Seventies, the economy is growing at 9 per cent, and there are promises to set up formal land registry and property ownership systems.

Estate agents say there are five main areas where it is becoming popular to buy, and where prices are expected to rise by 2010, especially if new budget air routes open up and if Turkey is finally accepted into the EU.

As Michael Doig of Colliers puts it: "Reforms are taking place that will only improve the purchasing process and the transparency of the market. Turkey is one of the best emerging markets to invest in."

Belek

Close to the Ottoman city of Antalya, Belek is Turkey's main golfing area. The resort itself, set up in 1984, now has five 18-hole courses and is being given special marketing treatment by Turkey's tourism ministry. There are more than 30 four-star hotels in the area, and a new scheme for 102 two-bedroom golf-course apartments is being launched by Kemer Mediterra, a leading developer in Turkish second-home resorts. The area is a 30-minute drive from Antalya airport.

Bodrum

This is the Costa del Sol of Turkey. The area came into its own after its airport was opened in 1998, and now it is the best-known tourist resort in the country, spilling over into nearby areas such as Gumusluk, Yalikavak, Gumbet and Turgutreis.
About an hour from here is Altinkum, another rapidly developing coastal resort. High-density developments prevail, with a two-bed flat on the outskirts of Bodrum costing from £40,000 and three-bedroom villas with sea views available from just £55,000.

Dalaman

On Turkey's south-western coast, this former agricultural area is now dominated by tourists thanks to Dalaman airport, and new road and rail improvements are promised in the next two years. Plans for the area include a new golf course and marina as well as environmental improvements to its extensive beach coastline.

Gocek

Known as the St-Tropez of Turkey, Gocek is a resort on the Gulf of Fethiye. It has four marinas, including Turkey's largest, the 500-berth Port Gocek. Dalaman airport is just 30 minutes to the north, while the more downmarket resort of Fethiye lies to the south.
Development is strictly limited in Gocek: some new schemes, such as the 25-villa Gocek Hills estate, reflect this with high starting prices of £225,000 and high summer rental prices of up to £800 per week for a two-bedroom property.

Kalkan

This is a small fishing village on the Teke peninsula, just over 90 minutes' drive from Dalaman airport and close to Kas and Fethiye. Famed for its Greek architecture, the protected old town has become a tourist draw. New developments are kept away in the hills, and are relatively limited in number. Prices for new homes start at £175,000 for two-bed apartments.

EasyJet to Start Cheap Flights to Istanbul

Thursday, March 2, 2006

In a move to expand service beyond traditional European destinations, low-cost British airline easyJet said on Wednesday the firm is planning to launch daily service between Istanbul and London's Luton Airport on June 29 and four-times-a-week flights between Luton and Rijeka on the northeast Croatian coast the following day.

Andrew Harrison, chief executive of easyJet, said, "This is probably our most significant expansion since the start of our new routes to central and eastern Europe in May 2004."

The no-frills airline will also be offering flights from London to Marrakesh starting this spring.

He said Morocco, Turkey and Croatia were building closer ties with Britain and Europe.

"As a consequence, the demand for low fares to these countries is growing quickly, and easyJet will be in a unique position to benefit from this development," said Harrison.

One-way fares will start at 25.99 pounds ($45.55) to Rijeka and 30.99 pounds to Marrakesh and Istanbul.

The airline will also begin four weekly flights between Basel and Istanbul on May 24, reported Agence France-Presse.

The bright orange carrier, founded by entrepreneur Stelios Haji-Ioannou, flew 29.6 million passengers last year.

Here is a list of domestic airlines in Turkey to connect you to the rest of the country at low fares from GBP 25 per person (Istanbul to Antalya or Dalaman):

With reference to the recent reports claiming that there is a correlation between the cartoons crisis and Turkey’s application of the new law on real estate acquisition in Turkey
by foreigners, published in some Danish newspapers, this Embassy would like to make it
clear to Danish public opinion that there is and can be no connection between the
application of the new law to the Danish citizens and the cartoons crisis. Such claims are wholly untrue and baseless. Moreover the rumours that Danes will not be able to buy real property in Turkey are also completely wrong. Thus, please find below the latest situation about real estate acquisition in Turkey.

As is known, the new law regulating real estate acquisition in Turkey by foreigners was adopted on 29 December 2005, by the Turkish Parliament and has entered into force.
You will find brief information about the said law below in Section 1 and you will also find in Section 2 information about the implementation of the new law for Danish citizens.

1- The new law (Law No: 5444) amending Article 35 of the Land Registry Law,
which together with Articles 16 and 35 of the Turkish Constitution draws the legal
framework for real estate acquisition by foreigners in Turkey, was adopted by the Turkish Parliament on 29 December 2005 and entered into force after being promulgated by the President. The new law will be applied retroactively, beginning from 26 July 2005. Thus, this new law has taken the place of the old legislation (Law No: 4916), which was annulled on March 14, 2005, (annulment decision entered into force on 26 July 2005) by the Turkish Constitutional Court. According to the new law, Article 35 of the Land Registry Law is, in summary, regulated as follows:

On the basis of reciprocity rule, citizens of the countries that allow Turkish citizens
to acquire immovable property or limited real rights on immovable property both legally and in practice, may acquire immovable property in Turkey, to use as residence or working place
in compliance with the legal restrictions (for example foreigners can not buy real estate in
the military zones according to Law No: 2565). The overall area of real estate on which a foreigner is allowed to acquire property or limited real rights cannot exceed 2.5 hectares. However, this amount can be increased up to 30 hectares with the permission of the
Council of Ministers. Commercial companies established according to the laws of their countries, can acquire immovable property or limited real rights on immovable property only in the context of special laws like the Law on the Promotion of Tourism, Oil Law and Law on Industrial Zones. Companies with legal personality established or participated in by foreign investors in Turkey, under the terms of the Foreign Direct Investment Law, can acquire immovable property or limited real rights in Turkey as well. Foreign legal persons other than the commercial companies established according to the laws of their own countries, cannot acquire immovable property in Turkey.

The Council of Ministers is competent to determine the areas where foreign natural persons and commercial companies cannot acquire real estate on grounds of public interest and security reasons (such as the areas which should be protected because of their flora and fauna, areas that have a special importance and should be protected because of their qualifications regarding irrigation, energy, agriculture, mineral deposits, cultural importance) upon the proposal of the related public institutions. The Council of Ministers is also
competent to determine the percentage of area in each province which could be sold to foreigners. This figure cannot exceed %0.5 of the total area of the province in question.
The Ministry of Defence should inform the Ministry which oversees the activities of the Directorate General of Land Registry, about the forbidden military zones and military and special security zones in 3 months time after the publication of the new law in the Official Gazette. During the intervening 3 months, the Directorate General of Land Registry should ascertain the status of an area by asking the related military institutions, before completing the land registry procedures.

2- As is stated above, the new law regulating the acquisition of immovable property
in Turkey by foreigners foresees the principle of reciprocity; which means Danish citizens
will be able to buy real property in Turkey under the same conditions applied to the Turkish citizens who would like to buy real property in Denmark. The Directorate General of Land Registry in Turkey issued a circular to the Land Registry offices about the implementation
of the said law and attached to that document a list of the countries with which
Turkey has reciprocity, and of the countries with which Turkey has no reciprocity.
Demands by the citizens of the remaining countries, including Denmark, will be subject to reciprocal procedures according to the Law and for that purpose will be referred to the Directorate General. Therefore, as Turkish citizens who do not have permanent residence permit or have not resided in Denmark for a period of at least 5 years can acquire real property only with the permission of the Danish Ministry of Justice, a corresponding
procedure will be applied to the Danish citizens who wish to buy real property in Turkey, as a result of the above mentioned principle of reciprocity. In line with this explanation, it has
been suggested that Danish citizens should be required to have a valid 6 months residence permit or a work permit for the first immovable property they acquire. For additional acquisitions, holding a 6 months residence or work permit and the permission of the competent authorities may be required.

Details of the modalities of implementation are expected to be determined in due course.

Parliament passes law on foreign ownership of property

Friday, December 30, 2005

CHP opposition fails to prevent the passgae of the much-anticipated law

ANKARA - TDN Parliament Bureau

Parliament's General Assembly late on Wednesday passed a law that establishes the rules by which foreigners can own property in Turkey.

According to the law, some of whose articles were previously annulled by the Constitutional Court, foreigners will be able to own property in Turkey within the bounds set. The purchase of land by foreigners will be limited by the principle of reciprocity and various legal limitations in accordance with building regulations. The land purchased cannot exceed 2.5 hectares but can be increased to 30 hectares by Cabinet decree.

Foreign foundations, associations, cooperatives, communities and groups are not allowed to purchase property in Turkey.

Property inherited by citizens of countries that do not have an agreement of reciprocity will be sold and the proceeds given to them.

The Cabinet will be responsible for deciding on the purchase of land by foreigners and foreign companies in areas that are strategically important vis-à-vis agriculture, energy, irrigation, protected habitats and that possess religious or cultural significance. Properties sold to foreigners will not exceed 5 percent of provincial land, with the Cabinet in charge of assessing this proportion.

The Defense Ministry will be required to submit a list of military zones, special security areas and other prohibited zones to the Land Registry Office.

Owners of illegally purchased land will be required to sell it within a specific time frame and if they fail to do so, it will be sold and the proceeds given to the owners.

Serious clashes occurred during discussion on the law between Justice and Development Party (AKP) and Republican People's Party (CHP) deputies.

CHP deputy from Istanbul Birgen Keleş claimed the law would allow not only foreign nationals and foreign companies but also foreign state agencies to purchase property in Turkey.

He said the articles of the previsions version of the bill that were annulled by the Constitutional Court were changed only slightly. “Some European countries see the land as the defining feature of the state, and that's why they impose strict restrictions on foreigners purchasing land. By opposing this bill, we are trying to prevent you [the AKP] from being tried by the Supreme State Council in the future.”

AKP deputy from Erzurum Mustafa Nuri Akbulut said most of the properties purchased by foreigners were holiday houses. He said German and British citizens and Greek citizens of Turkish extraction were the majority of foreigners buying real estate in Turkey.

Akbulut also said Syrians have been allowed to purchase property in Turkey since 1939.

When CHP deputy from Tekirdağ Mehmet Nuri Saygun started his parliamentary address by saying, “The prime minister pointed to certain deputies yesterday and called them ill mannered and claimed some didn't deserve to be here,” acting Parliament Speaker İsmail Alptekin warned the deputy to limit his speech to the bill in question.

Saygun said foreigners had already been sold 25,000 hectares of land, claiming that this law would also be annulled by the Constitutional Court.

He said the law was vague concerning the sale of agricultural land, adding, “You say foreigners will purchase shops and homes, but then give the Cabinet the right to allow them to buy pieces of property as large as 30 hectares.”

Public Works Minister Faruk Özak said in his address that as of April 15, 2005, foreigners had been sold 25,307 hectares of land, of which 21,160 hectares was purchased by Syrians prior to 1939. He said between 2003 and 2005, around 1,000 hectares was sold.

He said in a law passed in 1934, foreigners were allowed to purchase properties as large as 27 hectares, adding: “We decreased this to 2.7 hectares and gave the Cabinet the right to increase the limit to 30. Do you have any objections to that?”

He said the principle of reciprocity between countries was not based on the amount of land sold but rather on legal limitations, asking: “If a citizen of Turkey bought 100,000 homes in Germany, will we be bound to sell 100,000 to a German national? This is not the principle of reciprocity.”

AKP deputy from Antalya Fikret Badazlı dismissed the CHP claims that “nation's lands are being sold to foreigners,” adding, “If anything like what the CHP fears happens, I will be the first to put on a uniform.”

The Turkish parliamentary justice commission on Tuesday adopted the draft bill to pave the way for the sale of lands in Turkey to foreigners.

Foreign land ownership bill in Parliament

Tuesday, November 15, 2005

Foreigners will now be able to purchase property for business purposes, within specific legal limitations, not exceeding 2.5 hectares in total size.

A bill to this effect was amended in accordance with a Constitutional Court decision to annul an article of the Property Law.

According to the bill, land purchased by foreigners can be increased by up to 30 hectares with government permission.

Foreign companies will also be able to utilize the same rights, unlike foreign associations, groups, communities and foundations.

The sale of property to foreigners will be based on the principle of reciprocity, depending on bilateral agreements. The lands owned by citizens of countries that do not have such an agreement with Turkey will be sold, and the proceeds will be given to their legal beneficiaries upon their death.

The sale of land considered to be of strategic value, land within military zones and protected areas will be conducted by the government upon the application of the relevant department.

The Finance Ministry will be responsible for deciding whether the land sold to foreigners is used in accordance with the law and if not, the ministry will sell the land and give the proceeds to the previous owners.

Property News

Turkey and beyond: rewards of buying in the risks and distant lands - independent.co.uk

Turkey: A land of new horizons

Five years ago, Turkey allowed foreigners to buy property. As business booms, Graham Norwood looks at the options for city slickers and sun-worshippers From the Independent 29 September 2006

Majority of Turkish property bought by Brits From Overseas Property Professional website

EasyJet to Start Cheap Flights to Istanbul

Thursday, March 2, 2006

Parliament passes law on foreign ownership of property

Friday, December 30, 2005

Foreign land ownership bill in Parliament

Tuesday, November 15, 2005

Five years ago, Turkey allowed foreigners to buy property. As business booms, Graham Norwood looks at the options for city slickers and sun-worshippers
From the Independent 29 September 2006

Majority of Turkish property bought by Brits
From Overseas Property Professional website