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WHY PROPERTY IN TURKEY
Real estate acquisition of foreign and legal persons has been
regulated in the Article'35 of the Land Registry Law has been modified
on July 3rd, 2003. By this amendment new regulations have been introduced concerning of real estate acquisition, in our country,
of real persons of foreign nationality and trade companies having
legal personality.
With the facilities brought by the new law on ownership of property
for foreign nationality personalities, until today the following number
of properties have been sold to E.U citizens.
Table showing number of real estate
bought by E.U. citizens buying property in Turkey
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England
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: 2699
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Greece
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: 238
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Austria
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: 165
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Germany
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: 1791
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Denmark
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: 195
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Sweden
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: 63
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Netherlands
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: 562
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Norway
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: 178
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Italy
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: 54
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Ireland
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: 452
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Belgium
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: 170
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Finland
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: 22
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Turkey has a wide range of opportunities
on offer for the foreign investor. Reasons for
investing in Turkey include the following:
Investment
The country is strategically situated close to the Middle
East and the European markets.
Agreements between Turkey and 39 other countries
to promote and protect mutual investments as well as
an agreement to preclude double taxation.
Customs union with E.U. since 1996
- A candidate member of the European Union.
- A very liberal investment climate, including free
(international) movement of capital, profits, dividends
and salaries, free-trade zones and subsidies.
- A large labor force at relatively low costs.
- A modern infrastructure.
- A well preserved European holiday destination.
- The World Trade Organization considers Turkey to
be one of the most dynamic countries.
- Newly administered investment regulations for the foreigners
Living
- Properties at still very low prices
- Beautiful Climate
- Beautiful blue flag beaches
- Well preserved environment
- Low living costs
- Very hospital people
- Environment full of history and culture
- Tax facilities for foreigners
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ABOUT US
