Within the scope of protecting the value of the Turkish Lira, foreign currency exchange has been introduced in real estate sales to foreigners. According to the Circular on “Foreign Exchange Purchase Certificate” which was published on 21.01.2021 by the Ministry of Environment and Urbanization and Climate Change, General Directorate of Land Registry and Cadastre; In transactions where foreigners...
With the last amendment, the minimum investment amount required to acquire Turkish citizenship by real-estate investment has been increased from $250.000 to $400.000. The amendment was published in the Official Gazette on 13.05.2022 and this new regulation will be effective as of 13.06.2022. As of 13.06.2022, foreigners who are planning to purchase real-estate in Turkey in order to become Turkish...
Within the scope of protecting the value of the Turkish Lira, foreign currency exchange has been introduced in real estate sales to foreigners. According to the Circular on “Foreign Exchange Purchase Certificate” which was published on 21.01.2021 by the Ministry of Environment and Urbanization and Climate Change, General Directorate of Land Registry and Cadastre; In transactions where foreigners...
Liability of the Contractor for Delaying the Delivery of the Construction Construction contracts usually have a maturity. With the arrival of this maturity, the contractor who has not been able to deliver the construction is considered to have defaulted without the need for the building owner to issue a warning. Since there is no special regulation for default in the constructions contracts,...