Turkey Adopts Legislation Raising Extent Of Land Foreigners Can Buy
5/4/2012 2:12 AM ET
(RTTNews) - The Turkish Parliament on Thursday passed a bill raising the limit from 2.5 to 30 hectares land that foreigners can buy in Turkey.
The new law, which was discussed and approved in the Parliament, amends title deed laws and changes the current reciprocity requirement, which dictates that citizens of 89 countries currently do not have the right to own property in Turkey because Turkish nationals are not entitled to own property in those countries. Among these countries are Russia, the Gulf States and the Turkic republics of Central Asia.
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