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Turkish property 'opens up' for foreign investment Print E-mail

Turkey's growing mortgage market will encourage foreign investment, an expert has commented. Andrew Cunliff, overseas property editor, said changes in the mortgage industry have made it easier to buy houses in the country.

Last year, Turkey's deputy prime minister Abdullatif Sener changed the law to allow lenders to offer long-term mortgage deals as well as short-term. This means investors can now source a mortgage in Turkey rather than in Britain, making it easier for foreign investors to buy into the country's property market, Mr Collins explained.

He warned that would-be investors must go through certain processes, including land classification checks in order to buy, but said they should not present any particular difficulties. "If you're taking independent advice, and you're researching things properly and know exactly what you're signing, then there shouldn't be any other problems," he said.

 
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