Cyprus Modern day Turkey - Ha Ha Ha

pantheman · lecturer

And this is the 3rd world country they want to let into the EU, god help us all.

TITLE DEED BAN UNDERWAY FOR FOREIGNERS IN TURKEY

The Turkish government has temporarily suspended the issuing of title deeds, or Tapus, to foreign companies and citizens until it rectifies the current law concerning ownership of foreign property and land in the country.

The Constitutional Court of Turkey ruled that a specific section of Article 35 of the Title Deed Act, which governs property acquisition by foreign nationals, is contrary to the country’s constitution.

The Ministry of Public Works and Settlement sent a circular letter informing Registry Offices around the country that they must not proceed with issuing foreign citizens title deeds until the government has had a chance to put forward the amended version of the law before parliament. This is expected to happen within a few months, however one lawyer told OPP that a draft proposal of the law has already been presented and that this could come into affect sooner.

Lawyers talking to OPP stress this is just a temporary measure and that the issue is not whether foreigners should be allowed to buy land or property in the country at all, rather a suspension of the existing law and a delay on issuing the new one until parliament can examine it.

“This is a temporary measure and only in place until the government decides on a new piece of legislation,” said Gozde Gozeten, Turkish law specialist at the International Law Partnership. “Once the new legislation comes into force, the suspension will be lifted. The new law should not affect the rights of foreigners acquiring property in Turkey especially if they are buying one or two houses. The revoked paragraphs are only about the size of the land that is permitted for foreign acquisition. This measure also does not affect property rights of foreign nationals who already legally own Turkish property or those still wishing to buy property in Turkey,” she added.

International agents selling Turkish property to a range of different buyer markets have told OPP that buyers are reacting in different ways to the news.

“If someone tried to buy a property from me now it wouldn’t make too much difference, the deed problem is likely to be resolved before they have to complete anyway,” said Suat Ozdemir, MD of Kusadasi-based Capital Developments. “I have sold three properties today and yesterday to UK and Irish buyers. They don’t seem to be put off by the news. They are slowing down a bit anyway as buyers, but they aren’t too worried by this. For those that know Turkey it is not an issue. For those that were wavering over another market then it might be,” added Ozdemir.

Davinder Rence, MD of Rence Properties Sweden which markets to the Scandinavian buyer from its offices in Turkey, said that this news might be too much for the conservative Northern European buyer.

“This is not the first time the Turkish government has done this,” he said. “They banned foreign buyers for eight months in 2005 and this had an affect on the Swedish buyer in particular. They stayed away a bit since then and had only just started coming back this year, and now this. The Swedes will just go back to Thailand and Spain now. The Danes and Icelanders have also been making themselves known here but now this is only making the situation worse for Turkey from a Scandinavian perspective.”

Gary McClure, marketing consultant with agency Harmony Homes based in Bodrum, agreed with Rence and believes this development could scare certain buyers off from investing in Turkey.

“Buyers can proceed as normal but at the moment they cant complete. That is when the problem comes in. Even if we say this is going to be resolved shortly, this will have a negative affect in terms of confidence. People might start distrusting Turkey. If there is just a bit of doubt in someone’s mind then they won’t proceed. Our main buyers are from the UK, Holland, Scandinavia, Germany and Ireland and a lot more are buying as investment lately instead of a lifestyle purchase. I just hope the investors don’t go elsewhere,” he added.

And for the link mad ones here, http://www.opp.org.uk/news_article.asp?id=2391

tessintrnc · lecturer

This happens periodically in Turkey - then it all blows over................. usually

Oracle · professor

Anyone buying in Turkey needs their head examined.

As well as these periodic problems, they are just as likely to throw in another pogrom, tax foreigners, discriminate against them until they force expulsion then reacquire their properties for the next mugs down the line, a few decades from now.

No property is safe in the hands of the Turks. When they decide, everything becomes theirs.

Oracle · professor

Pantheman ... any chance of some pictures (like halil likes to post) of these properties they might or might not be able to buy if Turkey might or might not decide to dictate? Laughing

Nikitas · lecturer

THey do not like to sell their land to foreigners but seem to have no problems selling ours to any one who can come up with a few thousand pounds.

A few months back there was this news item of an EU parliament delegation visiting the islands of Imvros and Tenedos, home to thousands of Greeks who have since been expelled. The look of bewilderment on the faces of those northern European EMPs as they looked at derelict houses and decayed churches was priceless. It is all a result of Turkey's ambivalence about property in the hands of non Turks.

Eric dayi · lecturer

Ok, can any of you GCs/Greeks tell us how much land a foreigner is allowed to buy in the so-called "RoC" and in Greece?

tessintrnc · lecturer

Protecting ones country from too many foreigners is surely a good thing? Where my house is, on the coast of Izmir, foreigners can only buy post Ottoman houses, the older style houses must remain in Turkish hands. The area where I bought is mainly Turkish with a few French here and there. Very clean, very quiet - no lager louts at all!!! I am sure that this little problem will blow over - it happened about 4 years ago as well.
Tess

miltiades · professor

Oracle · professor

purdey · lecturer

In the ROC a EU citizen can buy one house or apartment. There is no restriction on land. These figures are due to change in 2009. Non EU nationals can buy one house or apartment or up to 3 donums of land.
These figures are not wriiten in stone however, I think the saying goes " it's not what you know but who you know"