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Thursday, May 19, 2005

Restrictions over Foreigners to Purchase Land in Turkey

"Restrictions over Foreigners to Purchase Land in Turkey
By Zaman
Published: Thursday 19, 2005

After the Constitutional Court abolished an article making it easier for foreigners to purchase land in Turkey, a commission is continuing to prepare new arrangements.
A bill on the new arrangement is being prepared by the Turkish Land Registry General Directorate and representatives of related institutions. According to the draft that will replace the related article of the land registry bill, foreigners will face further restrictions on owning property in Turkey. The draft indicated that the total amount of land any foreigner will be able to purchase cannot surpass 10,000 square meters in the entire country. "

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