Germans top list of foreign land buyers in Turkey

Since May of last year, when a bill removing the condition of reciprocity in land sales came into effect, foreigners have purchased some 19,000 real estate properties in Turkey.According to the total record count of real estate sold in Turkey since records first began to be kept,...
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E-mail article Print Save Additional News in English Još vesti na Srpskom Επιπλέον ειδήσεις στα Ελληνικά Text

Germans top list of foreign land buyers in Turkey



Balkans.com Business News Correspondent - 17.01.2013

Since May of last year, when a bill removing the condition of reciprocity in land sales came into effect, foreigners have purchased some 19,000 real estate properties in Turkey.

According to the total record count of real estate sold in Turkey since records first began to be kept, 139,859 foreigners have snatched up 152,993 properties in Turkey, said Environment and Urbanization Minister Erdoğan Bayraktar in a Jan. 15 meeting. Out of the total number of properties sold to foreigners in Turkey, 18,935 were bought by 13,574 different foreigners after the bill’s implementation date on May 18, 2012, Hurriyet Daily News report.

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