Turkey Property

A few years ago talk of a foreign property in Turkey would likely have ended with the speaker walking shame-facedly into the gloom, hoots of derision ringing in his ears: far from being a flourishing market, as far as overseas property buyers were concerned Turkey was a closed shop, with non-Turkish nationals facing numerous impediments to freehold ownership in the country. Yet in recent times - specifically, since July 2003 when decades-old legislation regulating foreign ownership was amended in order to spur on foreign investment in Turkey - the country has burst onto the international property stage as one of the most important, and fastest-growing emerging markets in Europe. Now, with thousands of Britons, Irish, Germans, Dutch and Danes each year buying property in the country's burgeoning hotspots, and with the domestic market being dragged upwards on the coat-tails of the foreign-buying boom, it is the far-sighted investors who plunged early into Turkish property bath who are having the last and longest laugh.