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Feb 08th
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Home Property Turkey's New Property Laws Help Overseas Buyers

Turkey's New Property Laws Help Overseas Buyers

turkeynewlawNew planning restrictions to be introduced in Turkey’s aim to protect coastal resorts and cities from over-development.

The White Paper recently issued by the Ministry of Forest and Agriculture in Turkey reveals planning laws to be introduced up to the year 2025 with the aim of restricting the intensity of construction. The paper covers all major tourist areas, including both the Aegean and Mediterranean coastlines, which until now have been subject to local planning strategies. This has in some regions resulted in extensive property building.

'We welcome such an initiative,' says Robert Nixon, Director of UK Operations for Nirvana International.

'This is an excellent piece of legislation which covers not just the main tourist areas around the coast but also the cities and surrounding countryside. It is a sweeping approach to ensure that this beautiful country retains its very special appeal.'

Turkey's new planning laws aim to protect and develop the country's resorts by closely watching the development of tourism in a controlled manner.

They will also protect agricultural regions, areas of historical and cultural value, forests, archaeological sites, national parks and energy source regions.

The legislation to be introduced will cut down on over-development and should in the long run have a positive effect on the price of existing property, as supply will be restricted and buyers will have less to fear about their property becoming surrounded by more and more development.

Nixon added: 'In Turkey, before these new planning laws, vast areas of the country could have been threatened, but now there is some control we see it as an absolute bonus enabling buyers to purchase property knowing they will not be blighted by high rise apartments and an untenable density.
 

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