Alanya, along Turkey’s southern Mediterranean coastline, is among the most sought after locations for foreign nationals looking to buy property in Turkey, new figures reveal.
Figures released by the Alanya Property Deeds Headquarters show real estate purchases have hit an all time high with some 30 buyers a day currently snapping up a property in the area.
According to the Alanya Deeds Manager, Cetin Ozdemir, interest in the town, which lies in Antalya, has risen sharply since a relaxation of rules on foreign ownership of property by the Turkish government in May. The new law has opened the Turkish real estate market to a greater number of non-domestic buyers, including Russians and nationals from the Arabian Gulf.
Foreign purchases of property in Alanya comprise one-fourth of all the foreign real estate purchases in Turkey, according to the Alanya Real Estate Commissioners Association. Six hundred overseas home hunters have applied for property title deeds in Alanya since May 2012.
Foreign nationals who own property in Alanya include: Germany, Denmark, the Netherlands, Ireland, Norway, England, the Russian Federation, Belgium, Sweden, Finland, Lithuania, Austria, Ukraine, Norway, Turkish Cyprus, the United States, France, Poland, Switzerland, Australia, Estonia, Italy, Latvia, Georgia, Slovenia, Canada, Spain, Hungary, Iran, Portugal, Moldova, Luxembourg, Macedonia, Greece, Canada, Spain, Iran, Portugal, Moldova, Macedonia, Iceland, Tunisia, Kazakhstan, Uzbekistan, Croatia, Serbia, Montenegro, Japan, Bosnia, Kyrgyzstan, Brazil, Morocco and the Norfolk Islands.
Non-Turkish nationals are permitted to buy up to 30 hectares of land, up from 2.5 hectares under previous legislation.
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[Source: Hurriyet Daily News]