Properties and Apartments

Archive for November 16th, 2008

In the past, it has been next to impossible for foreigners to buy property in Turkey. Turkey had strict prohibitions against foreigners being able to buy and own property for sale in Turkey. With the liberalization of the real estate laws in 2003, foreign nationals have started showing considerable interest in the properties for sale in Turkey. Since 2003, the Turkish law states that if Turkish citizens are allowed to buy property in a particular country, only then can natives of that foreign country buy properties for sale in Turkey. It would be wrong to say that there is now a huge demand for Turkish property among foreigners, but keeping in mind that the laws were liberalized very recently, property for sale in Turkey has become the object of many foreigners’ interest. Now that Turkey has been admitted into the European Union, investing in properties for sale in Turkey may prove to be profitable for real estate buyers all over the world.