Turkey expects a great foreign interest in its estate market thanks to a new code. Still, neighboring countries may have lower chances due to a bunch of restrictions Citizens of Syria, Armenia and North Korea are not allowed to acquire any real property, including residential or business property or land, in Turkey, under a recently announced reciprocity regulation, which also prohibits Greek citizens from ...

During the last decade Turkey country has truly been one of the most popular spots of attraction for millions of foreigners who would like to enjoy an unforgettable time swimming in nice beaches, meeting nice people and having delicious food in a Mediterranean destination.. HOLIDAY RESORTS IN TURKEY Talking about touristic places and resorts in Turkey, Bodrum, Marmaris, Kuşadası and Fethiye have always been ...

Foreigners looking to purchase real estate in Turkey tend to pick coastal regions known for their warm weather and sandy beaches, according to data from Turkey’s Land Registry Directorate. Antalya, one of the most preferred holiday destinations in the Mediterranean, has proven popular with Germans, while the majority of Britons have chosen Mugla, another tourist hotspot, either to settle down or to make a w ...

Residential sales in Istanbul are steadily increasing as more foreign nationals and firms migrate to Istanbul, Turkey’s financial and cultural center. More foreign nationals and firms generating prospects for strong demand and urban transformation projects are causing an increase in home sales in Istanbul, according to a monthly report issued by a construction association. “The prospect of projects aiming t ...

Foreign investments in the real estate sector in Turkey have reached 2 billion U.S. dollars in 2011. According to data from International Direct Investment Bulletin gathered by AA correspondent, Turkey attracted 15.7 billion U.S. dollars of foreign direct investment in 2011. Flow of foreign direct investment in Turkey has increased 74 percent between January and December 2011 when compared to the same perio ...

Turkey tops the table of the most improved country in real estate transparency for 2010, according to a report by Jones Lang LaSalle and LaSalle Investment Management. The two organizations released the “2010 Global Commercial Real Estate Transparency Index” on Thursday. Since the last index was released two years ago, Turkey has moved up 27 positions in the rankings and improved more than any of the 81 oth ...

Just while the finishing touches are being made on the reciprocity code, which will clear the way for property sales to foreigners, anticipated to bring in ten billion dollars in annual revenue, An organization organization in the global real estate market, has released their 2012 annual report. According to the 2012 property investment report, prepared by the Washington- based Association of Foreign Invest ...

Rescue workers have pulled out 24 survivors from the rubble of three buildings, collapsed by an earthquake in eastern Turkey, authorities said Thursday. At least eight were killed and dozens of others trapped. Deputy Prime Minister Besir Atalay said Wednesday's quake toppled 25 buildings in the city of Van but only three of them were occupied since the others have been evacuated after suffering damages in l ...

A magnitude 7.2 earthquake hit near Van in southeastern Turkey on Sunday near the border with Iran, Turkey's Kandilli Observatory and Research Institute said, and media reported some buildings had collapsed. The institute said the earthquake struck at 1041 GMT (6:41 a.m. EDT) and was 5 km (three miles) deep. The U.S. Geological Survey earlier reported that the magnitude was 7.6. State-run news agency Anatol ...