Job Discussion Forums

[basiltherat]

Hi
Does anyone there have any experience or advice regarding a foreigner purchasing property on the turkish coast ? I have looked at a few sites ; in particular Cebeci Construction. Are they well-known/respected ?
Grateful for help
Regards
Basil

[sandyhoney2]

Act fast if you plan to buy property because I have heard that the rules are about to change re: yabanci's (foreigners) buying property in Turkey. Because a great deal of coastline around Alanya has been bought by Germans, there has been something of a debate about whether or not this practice should continue.

I'd love to buy property on the coast. I may do that, some day (hubby's a Turk). Good luck.

[dmb]

Prices are rocketing aswell

[31]

No signs of anguish from Turkey TEFLers.

[basiltherat]

[FGT]

As far as I'm aware foreigners can't buy property at the moment but this is expected to change back before too long.

It's not a huge problem, your lawyer (or another trusted Turk) can technically be the owner and you can transfer ownership when the law changes. You could even have a document drawn up making it impossible for them to sell the property etc.

Prices are going up fast - what I bought for 3.5 milyar a few years back was recently valued at 50,000 YTL and I've not yet restored it - it's more dilapidated now than when I bought it!

[molly farquharson]

my emlakci told me that the law allowing foreigners to buy property has indeed been rescinded but everyone says it will be fixed soon. I hope so, as I hope to buy a new place in the early part of the year. I was also told by the guy at my bank that yabanci with work permits (and jobs yani) can get bank credit, something he was not able to offer me even though I owned a place and had a residence permit (which you can get easily when you buy a place).

[howmucharefags]

Does anybody know WHEN the law will change? My mother and father want to buy me a house as a wedding present but we were told an emphatic 'no' when asked if we could buy a new apartment. Does the law change from region to region. Time is running out and I would not like to have the property deed under a Turk's name as God knows what could happen in the future.

[calsimsek]

Please lets get this right. The recent law on sale of property to foreigners has been overturned on legal grounds, the A.K.P plans to change the law a bit and bring it back, at the start of parliment in Oct. In the mean time an older law is still on the books and that allows forigners to buy proberty within certin areas.

This means that for now the coastal areas are out, but you can still buy in Istanbul. So unless you plan to buy a summer villia along the Agean, you should have no real problem.

[richard ame]

I have just recently purchased a property on the Aegean coast ( Cesme) and at the present moment like a lot of others I am waiting for a green light from Ankara .
There is no reason why you should'nt go ahead with a sale right now especially if its just an individual property . My information states that the authorities are restricting sales of more than 30 hectares to overseas buyers , buying a flat or house in your own name is still possible its just that the paper work will take some time to catch up,sometime before the end of the year .
Waiting until the new rules come out means the prices may well move up significantly,get a sale in asap , there are still a lot of bargains out there .

[sandyhoney2]

found this while browsing. should answer the question asked... got it from my merhaba http://www.mymerhaba.com/en/main/content.asp_Q_id_E_2232


"There have been many rumors about the legislation of the Law (Nr. 4916) relating to several amendments in various laws including the amendments in the article 35 of the Land Registry Law and article 87 of the Village Law. Here is some information on the actual legal developments related to the issue, which was kindly provided by Poroy&Ozulku Law Firm:

The law (Nr. 4916) was officially adopted on July 3, 2003 and included two main issues:

1.1 The previous article 35 of the Land Registry Law prohibited the purchase of the immovables that are within the boundaries of the villages and military regions. By the amendment of this article with Law 4916, all foreigners are allowed to acquire immovables within the boundaries of Turkish republic under the principle of reciprocity. Related to the enforcement of the reciprocity principle, the basic rule is, the rights granted by a country to its own citizens or to the corporations established under the laws of that country should be also granted to the citizens or corporations of Republic of Turkey in that country. The article also states that the foreign companies or real persons should obtain the permission of the Cabinet in case the immovable is over 30 hectares.

1.2 The Law 4916 also cancelled the article 87 in Village Law (Nr. 442) that prohibited the foreigners to purchase the immovables within the boundaries of villages.

These amendments mean that the foreigners are allowed in line with the reciprocity principle and the legal limitations to purchase immovables freely even the immovable is within the boundary of a village.

2. Upon the examination of the Law 4916, Turkish Constitutional Court, the only authority entitled to check the laws adopted by the Turkish Legislation Assembly, resolved on March 14, 2005 to cancel the articles stated hereabove. According to the resoulution of the Constitutional Court, the resolution shall be in effect three months after it is published in Official Gazette to let the Turkish Legislation Assembly gain some time to prepare a new law and duly adopt it. The resolution has not been published in the Official Gazette as of today (March 16, 2005).

For the time being, this cancellation by the Constitutional Court is not effective on the pending land registry transactions until the invalidation of the current law. The amended article 35 of Land Registry Law and the cancellation of the Article 87 is in force until three months after the publishment of the resolution of the Constitutional Court. Until it is invalidated, the foreigners are subject to the current law, which allow them to purchase immovables in Turkey under the amendment of Law Nr. 4946. Three months shall be calculated according to the publication date.

However, upon three months after the publication of the Constitutional Court resolution, if not filled in by the adoption of a new relevant law by the Turkish Legislation Assembly, there will be a gap in law related to the purchase of immovables by foreigners as the amendments which are cancelled by the Constitutional Court shall not return into effect upon cancellation."

[scot47]

Don't buy in Turkey ! Buy in Bulgaria - just next door. PLEASE - I am now surrounded by SUN and DAILY MAIL readers.

I would welcome some educated company - even if it is from TEFLers !

[31]

Turkey TEFLers don't have the money for summer houses. Houseparties-yes.

[sandyhoney2]

[31]

If they wanted something different from all the other vacations they had taken, why wouldn't they come to Turkey?

Perhaps they are like many people and are just not interested in Turkey. Many people aren't you know.