Real estate acquisition of foreign and legal persons has been regulated in the article'35 of the Land Registry Law has been modified on July 3rd, 2003. By this amendment new regulations have been introduced concerning of real estate acquisition, in our country, of real persons of foreign nationality and trade companies having legal personality.

With the facilities brought by the new law on ownership of property for foreign nationality personalities, until today the following number of properties have been sold to E.U citizens:


Insert Table showing number of real estate bought by E.U. citizens buying property in Turkey
England 2699
Germany 1791
Netherlands 562
Greece 238
Ireland 452
Norway 178
Belgium 170
Austria 165
Denmark 195
Sweden 63
Finland 22
Italy 54


Turkey has a wide range of opportunities on offer for the foreign investor. Reasons for investing in Turkey include the following:


Investment

The country is strategically situated close to the Middle East and the European markets.
Agreements between Turkey and 39 other countries to promote and protect mutual investments as well as an agreement to preclude double taxation.
Customs union with E.U. since 1996
A candidate member of the European Union.
A very liberal investment climate, including free (international) movement of capital, profits, dividends and salaries, free-trade zones and subsidies.
A large labor force at relatively low costs.
A modern infrastructure.
A well preserved European holiday destination.
The World Trade Organization considers Turkey to be one of the most dynamic countries.
Newly administered investment regulations for the foreigners

Living
Properties at still very low prices
Beautiful Climate
Beautiful blue flag beaches
Well preserved environment
Low living costs
Very hospital people
Environment full of history and culture
Tax facilities for foreigners