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ARTICLE · 23 APRIL 2009

Regulatory Developments In The Turkish Real Estate Market

Hergüner Bilgen Üçer Attorney Partnership
Hergüner Bilgen Üçer Attorney Partnership
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Hergüner Bilgen Üçer Attorney Partnership

Hergüner Bilgen Üçer Attorney Partnership

Since 1989, Hergüner Bilgen Üçer has been recrafting the Turkish law firm model along modern...

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This article contains information on the latest regulatory developments in the Turkish real estate market, in such areas as public tenders and real estate investment trusts.

TurkeyReal Estate and Construction
Hergüner Bilgen Üçer
Hergüner Bilgen Üçer
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This article contains information on the latest regulatory developments in the Turkish real estate market, in such areas as public tenders and real estate investment trusts. In particular, we wish to bring you up to date on developments that have occurred between December 2008 and March 2009.

REAL PROPERTY ACQUISITION BY FOREIGN CAPITAL COMPANIES

The Regulation on Acquisition of Real Property by Foreign Capital Companies ("Regulation") includes certain rules for transfer to foreign capital companies of title to real property and establishment of limited rights in rem in favor of foreign capital companies. The Regulation requires foreign capital companies incorporated in Turkey to apply to certain governmental authorities and to obtain permission to finalize such real estate transactions. According to the Regulation, foreign capital companies are required to apply to the Governorship Provincial Planning and Coordination Directorate ("Commission") where the target

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