2 replies to this topic

[sunny]

Government promises swift end to chaos in foreign property sale


A Constitutional Court ruling that annuls a law regulating property sales to foreigners went into effect yesterday, temporarily freezing all sales to foreigners and thereby sending a wave of shock and panic through the markets.

http://www.todayszam...amp;link=139293



http://www.turkishda...?enewsid=102055

[Steve]

..this has been going on for years ,can only be better for europeans in the future ,as we will be the same as turkish people ,buy a house ,tapu next day,existnng buyers ,this will not affect you, everything is in our favour .ok if you buy a house tomorrow you might have to wait longer for your tapu..

[Ken]

"Good Grief!" as Charlie Brown said. So much of the property in the US is actually owned by foreign governments and companies... even Burger King is British. I was surprised to learn that UK companies own more property in the US than any other nationality. The Japanese buy tons of land as well, I suppose because they don't have much. But what's Turkey worrying about? At any time, if worse comes to worst, they can nationalize everything, as Castro did in Cuba. I don't see what their big worry is. I can see what our worry is, but not theirs.