Title Deed Procedure Changes for Foreigners Previously, foreigners who wanted to purchase property in Turkey had to obtain approval from military units in order to get their Title Deed (Tapu). However, a law passed on October 8, 2013, eliminated the need for approval for other apartments in the same building or parcel once one had been approved. Properties located on unapproved parcels, however, still...
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...
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...
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