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A New Turkish Law Outlaws Purchase Of Immovable Property By Armenian

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  • A New Turkish Law Outlaws Purchase Of Immovable Property By Armenian

    A NEW TURKISH LAW OUTLAWS PURCHASE OF IMMOVABLE PROPERTY BY ARMENIAN CITIZENS IN TURKEY

    http://www.yerkirmedia.am/?act=news&lan=en&id=8732
    18:34 . 27/07

    The new bill which came into force in Turkey deprives the citizens
    of Armenia, Syria, North Korea, Cuba, Nigeria and Yemen of the right
    to buy immovable property in the country.

    Whereas the citizens of Azerbaijan, Kazakhstan, Uzbekistan and the
    Arab countries of the Persian Gulf can buy immovable property in
    Turkey without preconditions. The citizens of several other countries
    have that right on certain conditions. Particularly, the citizens
    of Russia and Ukraine were banned form buying property at the shore
    of the Black Sea. Georgian citizens may buy property in all parts of
    Turkey except for coastal and near-border regions.

    Besides, the new law allows foreign citizens to buy no more than 10%
    of the territory of each province.

    Earlier, the law said that the citizens of those countries could buy
    land in Turkey, in which Turkish citizens were entitled to buy land.

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