Twitter Facebook RSS FEEDS

Law change opens up Turkish land

Wednesday, 7 May 2008 7:58 AM

The potential land purchasable by foreign nationals in Turkey has been dramatically increased following a decision by the country's Constitutional Court.

On May 1st the Court announced changes to Article 35 of the Title Deed Act (Tapu), stating it would allow individual non-nationals to purchase ten per cent of the total area covered in the local planning zone for a town.

Prior to the suspension, individual foreigners could purchase land as long as it did not exceed 0.5 per cent of the province's entire total area as opposed to just the town.

The notification was given by the Ministry of Public Works and Settlement, in a letter sent a circular letter to all land registries and cadastral offices.

"The questions was not whether foreign nationals should be allowed to acquire land in Turkey but whether parliament or the government should relax limitations as to the size of land foreigners can purchase," explained John Howell, senior partner and Basak Yildiz, Turkish lawyer at The International Law Partnership (ILP).

"The new law gives the right to the Council of Ministers to change the ten per cent limit for each town by considering the town's infrastructure or economical status.

"However, it must be noted they can only reduce the ratio, which means the ratio cannot rise above ten per cent," added Mr Howell.

During an interim period non-national individuals can purchase up to ten per cent, however, after the necessary information is gathered, the Council of Ministers may reduce the percentage for some towns.

Parliament also added an additional paragraph giving a three-month time limit - from when the new legislation is published - to local authorities to inform the Commission of both the size their town's area covered by planning zone and its restricted areas.

Chris O'Toole

Related stories

Cottage on Knoydart peninsula in the West Highlands boast breathtaking views but owner warns buyers that life can be hard. Image: Thinkstock

Remotest home in Britain goes up for sale

Cottage on Knoydart peninsula in the West Highlands boast breathtaking views but owner warns buyers that life can be hard.

Coastal Turkey is set to become a property hotspot

Turkish mortgages open up overseas investor market

Turkish mortgages open up overseas investor market
Cardiff Bay boardwalk

Welsh councils need to identify land for housing

More than half the councils in Wales have not identified enough land to meet housing needs over the next five years.

 Wasteland near Basingstoke

New planning rules to free up unused public land

New planning rules mean that hundreds of acres of public sector land could be used for new homes, businesses or leisure facilities.
Wasteland near Basingstoke

HCA to release land for 3,000 new homes

The Homes and Communities Agency is to release land later onto the open market to allow development of around 3,000 homes.

 The number of people accepted as homeless by local authorities is up 17 per cent on last year, according to government figures. Image: Thinkstock

Homelessness up as recession bites

Government figures show 17 per cent rise in first quarter and Crisis warns of further increases.
Abolition of stamp duty and reform of council tax tops list of recommendations from Mirrlees Review. Image: Thinkstock

Review calls for property tax shake-up

Abolition of stamp duty and reform of council tax tops list of recommendations from Mirrlees Review.

Two thirds of landlords interested in Green Deal loans for energy efficiency improvements, says National Landlords Association. Image: Thinkstock

Landlords keen to take up Green Deal

Interest high in scheme that offers loans for energy efficiency improvements to homes.
Belfast Eye

Rents go up in Belfast

A slew of first-time buyers unable to get onto the property ladder helped push up the cost of renting in Belfast last year.

 Estimates suggest that up to 80 per cent of the homes that will exist in 2050 have already been built. Image:Thinkstock

New 1900 house experiment for climate change

Two families to live in exact replicas of terraced houses from 1900s in study of energy use and retrofit of green technologies.

Search property

Headlines

Directory

Alaris

Alaris Logo
Alaris specialise in quality Bathrooms and Kitchens along with many other unique products for your home. The range of kitchens, kitchen worktops and bathrooms is extensive and the highest quality so you are sure to find what you want. New bathroom furniture, bathroom suites, taps, showers and cabinets are added regularly.

Bathrooms365

Bathrooms365 Logo
Bathroom365 supply all areas of your new bathroom - leading-edge designed bathroom suites, stylish bathroom taps and showers, all styles and forms of shower enclosures and a vast collection of bathroom furniture.

Fitmykitchen

Fitmykitchen Logo
Fitmykitchen are specialist suppliers of kitchen appliances, sink taps, waste bins and furniture. So whatever you want from kitchen sink taps to waste bins look no further than fitmykitchen, UK, the specialist suppliers of kitchen appliances, stainless steel sink taps, waste bins and kitchen furniture.

MyStampDuty

MyStampDuty Logo
We help people buying property all over the UK to minimise Stamp Duty Land Tax on residential and commercial property. If you are looking at purchasing a new home or business premises over £500,000, contact us today by completing the form on the right

Oak Furniture Land

Oak Furniture Land Logo
For hardwood furniture, including Solid Oak, Mango, Mahogany, Sheesham, Acacia, Ash and Birch, look no further than Oak Furniture Land.

Rated People

Rated People Logo
Whatever type of home improvement or garden remodelling project you have, Rated People can help you to identify the right tradesmen for the job in a way that is quick, easy, convenient and, as it is based on real-life recommendations, trustworthy.

Residential Land

Residential Land Logo
If you are looking for short or long term rentals in Central London, Residential Land have a portfolio of over 1200 flats and houses in the best postcodes across the Capital.

Simply Bedrooms

Simply Bedrooms Logo
Simply Bedrooms, a part of Sleepwell Bedrooms Ltd, supplying quality beds, wardrobes, sliding door wardrobes and bedroom furniture at low prices and great service, London and Home Counties Specialists.

Door Handles UK

Door Handles UK Logo
Door Handles UK is the UK's largest online range of Door Handle accessories, Door Hinges, Locks and Latches and so much more and all at genuine internet prices. We have a wide range of Chrome, Brass and Glass Crystal Mortice door knobs in both traditional and contemporary designs, whatever your taste and budget you will find a design to suit.

Woodlands Furniture

Woodlands Furniture Logo
We are an established family business situated in rural Herefordshire specialising in beautiful handcrafted classic reproduction furniture. Our comprehensive ranges are readily available from stock.

WowBBQ

WowBBQ Logo
Welcome to the World of Weber. We are the largest independent online Weber BBQ retailer in the United Kingdom. WOWbbq.co.uk is a Weber Partner Store and can give you the best advice for all your Weber BBQ needs.

Join our directory aboutproperty.co.uk

Twitter

Join the conversation at #aboutproperty

Directory articles

Useful tips to help find a flat in London

Looking for flats in London can be a frustrating process, given the capital's size, demand for rental accommodation and varying prices. It is vital, therefore, that you do plenty of research and act quickly to ensure you get the place that you want.

What do you need to consider when buying a mattress?

If you looking for a new mattress, you need to get the decision right, as getting it wrong could impact on your overall health and wellbeing. As well as comfort and size, you also need to consider other points, such as any health issues you may have.

FAQs about commercial stamp duty

If you want to relocate to larger premises, you need to know about commercial stamp duty. Different rates apply than with residential property, however, like residential buyers, you could potentially benefit from stamp duty mitigation.