Foreign Purchases of Real Estate in Turkey

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Purchasing property in Turkey has become more popular with holiday home owners and investors around the globe. Several factors have contributed to the popularity and the trend displayed by foreign purchases and have had important repercussions within Turkey. The issue is especially notable given Turkey's potential EU membership and the related economic integration processes. In 2003, property purchases were opened up to foreign nationals with restrictions on the provinces. When these restrictions were violated in 2005, the law was annulled by Turkish courts; despite this, property purchases continue. As of 2008, 63,085 individual properties have been sold to over 73,103 different foreigners. This amounts to 38,623,661 square metres (415,741,630 sq ft) of land, and US$10.4 billion of foreign investment, mostly by German, British and Greek citizens.

Weitere Informationen

  • Allgemeine Informationen
    • GTIN 09786130696191
    • Editor Frederic P. Miller, Agnes F. Vandome, John McBrewster
    • Sprache Englisch
    • Größe H220mm x B150mm x T5mm
    • Jahr 2010
    • EAN 9786130696191
    • Format Fachbuch
    • ISBN 978-613-0-69619-1
    • Titel Foreign Purchases of Real Estate in Turkey
    • Untertitel Turkey, Economy of Turkey, Constitutional Court of Turkey, Tourism in Turkey, Marinas in Turkey, List of shopping malls in Turkey, Committee of Union and Progress, Marmaris, Hatay State
    • Gewicht 142g
    • Herausgeber Alphascript Publishing
    • Anzahl Seiten 84
    • Genre Wirtschaft

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