Sales of Turkish property to foreigners halted
17 April 2008
Within the last 48 hours the Turkish government has declared a temporary ban on property sale to foreigners. This comes shortly after a freeze on sales to foreign companies. Local media reports that a letter was sent to all land registry offices in Turkey declaring an end to all foreign property sales.
Turkey has seen the purchase of some 63,000 properties by foreigners in recent times from numerous nationalities worldwide. This will only effect the purchase of property from here on, sales underway at present with ownership papers or currently owned are not said to be affected. The ruling is said to be reviewed later in mid June this year.