A New Law Eliminating VAT For Foreign Property Buyers In Turkey

Turkey’s parliament has approved an omnibus law which introduced an exemption of 18 percent of value-added tax (VAT) for foreigners who invest in real estate in Turkey. The law, which was passed by parliament late on Feb. 23, will also be applicable to Turks who live and work abroad for more than six months. Foreigners [...]

By | 2018-01-26T15:34:22+00:00 January 26th, 2018|Real Estate, Tax Law, Uncategorized|Comments Off on A New Law Eliminating VAT For Foreign Property Buyers In Turkey

Housing sales to foreigners in Turkey’s eastern Black Sea region soar 155 percent in 2017

Foreigners from a number of countries, with Arabs taking the lead, are buying real estate in the eastern Black Sea region, which comes to the fore with tableland tourism. Attracting real estate investors particularly from the Gulf, a total of 2,842 houses were sold to foreigners with an increase of 155 percent from 2016. According [...]

By | 2018-01-20T11:24:47+00:00 January 20th, 2018|Uncategorized|Comments Off on Housing sales to foreigners in Turkey’s eastern Black Sea region soar 155 percent in 2017