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Draft bill will enable citizens of Gulf countries to buy real estate in Turkey

Posted on 21 November 2011

Good news is afoot for Arab and Russian investors who want to buy property in Turkey. A bill for a new law which will allow citizens of countries previously banned from such transactions to purchase real estate in Turkey is almost finalized, and is expected to be submitted to Parliament very soon.
How much real estate in Turkey belongs to foreign owners, and who are they? According to the information from the Anatolia news agency, a total of 123,000 foreigners own 113,687 immovable properties in Turkey………………………………………..Full Article: Source


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