New turkish overseas buyer law will "open the market" says spot blue

Turkey’s move to make it easier for foreign nationals to purchase land and real estate will “open up the market” according to a leading agency.

The Turkish government’s draft bill would remove current reciprocity laws…meaning a person of any nationality can purchase in Turkey, rather than just those that allow Turks to purchase in their home countries.

If enshrined in law the bill would also increase the amount of land that foreigners can buy in Turkey from 2.5 hectares to 30 hectares.

Julian Walker, managing director of Turkish agency Spot Blue, told OPP exclusively that the bill, if passed into law, would “open up the market” by reducing the barriers to entry for prospective buyers.”

Source: OPP.org.uk