The Progression of the Relaxation of the Rules The Turkish real estate market didn't originally allow international purchasers until 2002. However according to the "reciprocity clause," only inhabitants of nations that granted Turkish citizens reciprocal rights, such as Britain, Germany, and the Netherlands, were permitted to own property, and they were only permitted to do so in a select few zones. The...
In January 2023, 97 thousand 708 properties were sold in Turkey When compared to the same month the year before, the number of properties sold in Turkey climbed by 10.6% in January, reaching 97,708. 17.8% of all properties sold in Turkey came from the 17,415 real estate sales in Istanbul. Both Ankara and Antalya saw total home sales of 8,808 and 5,572, respectively, making them the second and third most...
Current Public Notary Fees 2023 | Power of Attorney Notary Fees The most recent list of notary costs for the year 2023 has been released. Prices for general Power of Attorney (POA) and notarization of property title deeds and automobile transactions are regularly requested in the modern day. This year, 148.50 TL was set as the administrative paperwork charge. The notary public receives 171 TL on the sale...
Foreign Investment in Turkey - Official Figures According to official Turkish statistics, between 2003 and 2017, foreign investment in Turkey grew exponentially. Foreigners bought properties worth 42 billion USD in Turkey. The real estate sector saw a significant increase in interest from foreigners before 2013, when a new law eliminated the need for reciprocal buying rights between nations, making it...
Foreign Direct Investment in Turkish Real Estate Sector In 2011, the total amount of Foreign Direct Investment (FDI) in Turkey's real estate sector was recorded at $200 million, the highest in the past eight quarters. According to "Real Estate Sector in Turkey and the World Second Quarter 2011", foreign investment in the real estate sector had doubled compared to the first half of the same year, reaching...
Turkey offers Real Estate Investment Prospects with New Projects The Managing Director of Ideal Estates Abdurrahman Kaya stated that the Turkish real estate market has experienced rapid expansion over the past several years and has become a permanent fixture on the global real estate landscape, possibly at the expense of other, more traditional locations like Spain. In this article, we will discuss the...
