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SYRIANS, ARMENIANS, CUBANS CAN'T BUY TURKISH ESTATE
armradio.am
27.07.2012 17:14
Citizens from Syria, Armenia, North Korea, Nigeria, Cuba and Yemen
won't be allowed to buy property in Turkey even after the government
eased restrictions on foreigners' property ownership, Bloomberg
reports citing Sabah daily.
The government will allow citizens of 129 nations to buy property
unconditionally while those from 52 others will have limited access to
the real estate market, the Istanbul-based newspaper reported, citing
a draft cabinet decree pending the government's approval. Easing the
restrictions may bring in $300 billion of foreign capital in 10 years.
The government in May abolished a so-called reciprocity rule that
barred Turkish property purchases by citizens of countries where
Turks can't buy real estate. The cabinet decree will enforce that law,
Sabah said.
Citizens from China, Denmark, East Timor, Fiji and Israel will be able
to buy one residential property and a Jordanian citizen two residential
properties or one commercial. Citizens of countries bordering the
Black Sea including Russia and Ukraine may buy property in Turkey
except on that coastline, Bloomberg writes.
armradio.am
27.07.2012 17:14
Citizens from Syria, Armenia, North Korea, Nigeria, Cuba and Yemen
won't be allowed to buy property in Turkey even after the government
eased restrictions on foreigners' property ownership, Bloomberg
reports citing Sabah daily.
The government will allow citizens of 129 nations to buy property
unconditionally while those from 52 others will have limited access to
the real estate market, the Istanbul-based newspaper reported, citing
a draft cabinet decree pending the government's approval. Easing the
restrictions may bring in $300 billion of foreign capital in 10 years.
The government in May abolished a so-called reciprocity rule that
barred Turkish property purchases by citizens of countries where
Turks can't buy real estate. The cabinet decree will enforce that law,
Sabah said.
Citizens from China, Denmark, East Timor, Fiji and Israel will be able
to buy one residential property and a Jordanian citizen two residential
properties or one commercial. Citizens of countries bordering the
Black Sea including Russia and Ukraine may buy property in Turkey
except on that coastline, Bloomberg writes.