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Turkish property sales to foreigners is to be temporarily halted

Turkish property sales to foreigners is to be temporarily halted from Wednesday, declared a Ministry of Public Works and Settlement inline with a Constitutional Court ruling three months ago. A new regulation was delivered to the Board of Ministers for approval.

Turkish property sales to foreigners temporarily halted new regulation regarding the sale of Turkish property to foreigners was delivered to the Board of Ministers for approval on Wednesday. According to information obtained from ministry's officials, a circular letter on Tuesday was sent to all land registry offices indicating the end of the sale of real estate to foreigners.

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Property in Turkey Turkish Property

Property in Turkey has for some time now been a popular choice for anybody wanting to purchase a second home as a holiday home, real estate in Turkey is a booming business with many tourists spending a small percentage of their time viewing Turkish property whilst on holiday, estate agents can offer inspection trips to combine property viewing with a short holiday, agents will choose a selection of properties for potential buyers of Turkish property to view based on their requirements discussed beforehand, agents will provide a private car and accompany potential buyers on viewings in the hope of getting a sale, property in turkey is real value for money, apartments for as little as 55,000 € or a villa for less than 200,000 €, buyers can choose between coastal areas for Turkish property or inland villages when purchasing real estate in Turkey
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Turkey has a truly stunning coastline, great weather, fabulous food

Turkey has a truly stunning coastline, great weather, fabulous food and the high standard of service that British buyers have come to expect from a second home destination. A wide choice of property, both new-build and resale, is available – and at a very affordable price compared to other, more established, European destinations. The country also has a feel of the exotic, and the reception from the Turks is never anything less than welcoming. Infrastructure is also good, with good quality roads and a wide choice of airports. In addition, the range of facilities and amenities, from water sports to Ikea, is nothing less than phenomenal. Perhaps the only type of buyer that Turkey won’t appeal to is the golfer, as there is a considerable lack of courses in the south – with the exception of Belek which is building golf resorts at an unprecedented rate.
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Turkish Property Scam involving the Golden Beach

Kevin O'Kane is back to Northern Ireland walking around a free man having fled Turkey & he is now a fugitive. One of the victims of the Turkish Property Scam involving the Golden Beach Villas told Didim Today "We are hoping that he will be arrested soon by the Police in Northern Ireland & sent back to Turkey to face up to his crimes. I cannot understand why the Police in Northern Ireland have not arrested him already as many of the victims have contacted the police here asking for his arrest. Many of the victims there have taken on hefty mortgages to pay for these villas & we are now left paying large sums every month for villas which we do not own."
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Foreign investors are more likely to be buyers than sellers in Turkey,

This is my favorite day of the week and I am in Antalya. This is a very popular destination for foreign investors, and you can see several developments that have been constructed for such people. Now a days there has been a slowdown in business due to tax inspections directed at developers. High fines have been imposed on several construction companies and real estate agents over tax evasion. Foreign investors are more likely to be buyers than sellers in Turkey, but I believe that some of them want to make a profit by selling their houses.
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£4m overseas property scam

Ulster businessman at the centre of an alleged £4m overseas property scam last night told how he fears he may miss his son's wedding. Speaking to Sunday Life from Bodrum in Turkey, Kevin O'Kane claimed delays to the court case may prevent him from attending the ceremony. The businessman, along with wife Bernadette, has been living in the country since May, after it emerged 80 people from Northern Ireland discovered they did not own holiday homes in Turkey they believed they had bought through Mr O'Kane's property company. He has protested his innocence all along and is convinced he will return to Northern Ireland as a "free man".
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British Invasion in Turkey

This week I am on holiday in Kalkan, but I can't find any Turks. How can I be in Turkey and not find a Turk?
Oh excuse me, I didn't say that I could find a Turk if I found a waiter, a cook, a cleaner or a real estate agent; otherwise, sorry, no Turks in Kalkan. Where did they go? They have been chased away from the beautiful seaside and headed for the hills after the British invasion began in earnest. One sees no young Turkish teenagers on the beach even. This is impossible. Do the Turkish people other than those who run away or the government realize that Turkey sells country to the highest bidder?
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