Property for sale in Turkey

1/ Capital: Ankara

Is the capital of Turkey and the country's second largest city after Istanbul. The city has a mean elevation of 850 m (2800 ft), and as of 2007 the city had a population of 3,901,201, which includes eight districts under the city's administration.

2/ Country: Turkey

Is a Eurasian country that stretches across the Anatolian peninsula in western Asia and Thrace (Rumelia) in the Balkan region of southeastern Europe. Turkey is bordered by eight countries: Bulgaria to the northwest; Greece to the west; Georgia to the northeast; Armenia, Azerbaijan (the exclave of Nakhichevan) and Iran to the east; and Iraq and Syria to the southeast.

3/ Property for sale in Turkey

Following on from the temporary hiccup earlier this year when Turkey effectively halted foreign property sales, all is back on track in the real estate industry ready for a busy summer and positive economic and EU news is boosting Turkey’s property appeal even further.

This is fantastic news for would-be investors who want to be assured that they are buying into a nation with a healthy economy and one where there is long-term potential for strong capital appreciation based on a rise in the appeal and general fortunes of a market.

An investor wishing to enter the Turkish property market needs to be aware of certain restrictions that apply to the foreign ownership of properties or land of a given type in a particular location; furthermore it’s imperative that detailed and thorough title searches are carried out by an investor’s lawyer because problems have been known to arise with vendor’s not having the right to sell property for example.

Basically the process to purchase investment property for sale in Turkey is straightforward if an investor is aware of the potential pitfalls and the restrictions that apply. This guide to the property buying process in Turkey highlights the main issues property buyers should bear in mind; but nothing can replace good legal advice and the first thing an investor should do before even making an offer on a property is find a local real estate lawyer to represent their interests.

In Turkey the sale of property to overseas buyers depends on the principles of reciprocity - if the country from which the investor heralds grants the theoretical right of freehold ownership of property to a Turkish citizen then the overseas buyer will be given permission to buy property for sale in Turkey.