Buying Property in Turkey

There has never been a better time to buy property in Turkey In January this year a law was enacted to allow property purchase by foreigners in Turkey, many people have bought in anticipation of this but it has taken the uncertainty away, There are a some restrictions on the areas and size of plot on buying property in Turkey and suggest purchasers to go and read the valuable information that is available on the Turkish Embassy website.

Although at present mortgages are not available in Turkey there is a bill awaiting to go through their parliament, later this year, to allow mortgages.

When this happens there should be a jump in prices, as the market is opened up completely as happened in Spain, just look at the prices on Costa del Sol.

There is a window of opportunity, the prices have been moving up in anticipation of the foreign property purchase legislation and will continue rising ahead of the mortgage legislation, the big jump in prices should be when the mortgage market is opened up