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Turkish Parliament allows property sell to foreigners

According to approved bill, foreigners and foreign companies will be able to purchase real estate up to 10 percent of areas in the zoning plan.

The bill will not allow foreigners to purchase property in irrigation, agricultural, religious, cultural, archaeological, strategic and specially protected areas, as well as areas protected for their unique characteristics such as energy resources and mines, and flora and fauna reserves.

The Council of Ministers is authorized by the bill to change the percentage --not more than 10 percent-- taking into consideration the significance of towns in terms of infrastructure, economy, energy, environment, culture, agriculture and the like.