Turkish law changes 'benefit buyers'
Recent changes to Turkish law regarding the purchase of property are likely to benefit buyers, it has been claimed.
Earlier this year the government banned foreign purchase of houses, but this prohibition was lifted a few weeks ago and replaced by a limitation on the proportion of the local planning zone for a town that can be bought by people from overseas.
John Howell, senior partner at International Law Partnership, said that this is unlikely to affect individual buyers and that the new legislation could act in their favour.
Mr Howell told the International Herald Tribune: "The new legislation should act in the opposite way and ease worries.
"Buyers know exactly where they stand and what they are permitted to purchase."
Turkey has seen a great deal of foreign investment in the last five years, with over $10 billion (£5.4 billion) spent on property in the country, according to the latest figures.
Property Wire reports that housing in coastal areas in particular has risen in value and that in Kalkan, an average home is now worth $525,000.
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