"Turkey: Foreign Currency Real Estate Mortgages In Turkey
Article by Emin Şanli
Preamble
The term "mortgage" herein – as understood in Turkish Law - is mentioned simply to describe a lien on a real estate securing any kind of loan or debt.
With both financial and real estate markets currently booming in Turkey, corporate lending institutions are keenly looking to lend funds to entrepreneurs and private investors (local and foreign) to buy and/or develop real estate projects. However, they obviously need security for such loans and the first preference is to place a mortgage on real property owned by the borrower. "
More:Bener Law Office - Turkey - Foreign Currency Real Estate Mortgages In Turkey (18/01/2007 09:00:06) from Mondaq
