The Prime Minister’s office has sent the new title deed (Tapu) law that allows foreigners to buy property in Turkey to The Turkish National Grand Assembly.
The New Regulations
The Government has changed the parts of the law abolished by the Constitutional Court. In the new law, foreigners are allowed to buy property accounting for up to 10% of the city boundaries within the development or future development plan. Each city title deed office will announce the qouta every year in January.
Military Checks Finishing
The Ministry of Defence will give the military plans to each title deed office. As a result of this, foreigners who would normally have to apply for military clearance will now not be required to do so . The clearance checks, which in some cases were taking 6-8 months to complete, should now be dealt with in 1 day at the local title deed office.
Sources claim the new law will be passed through parliament within 2 weeks.
