On January 24, 2022, the Turkish government announced a new amendment regarding real estate purchases for foreign buyers. The regulation mandates that the sales amount of the property must be converted into Turkish Lira through The Central Bank of the Republic of Turkey. A Foreign Exchange Document must be obtained before the sale is executed. Foreign Exchange Document The Land Registry Office will...
Buying an apartment in Turkey is easier than ever. Foreign investment in Turkey's real estate market has recently gained traction, attracting growing interest. Straddling Asia and Europe, Turkey has captured the attention of investors in recent years. Under Turkish law, foreign citizens face no restrictions when purchasing apartments. Iraqi, Iranian, Kuwaiti, Russian, and Saudi Arabian nationals are among...
Turkey plans to launch an international property stock exchange, allowing properties within the country to be marketed globally. In 2017, Deputy Prime Minister Nurettin Canikli announced that banks were facing difficulties financing the construction sector. In search of alternatives, the government devised a solution to sustain the growth of the revitalized industry. The solution arrived at was the...
