22 May 2011
GYODER Istanbul REstate – May 2011
TURKEY – NEW PROJECT INVESTMENTS
Turkey has made the strongest improvement in transparency of any market globally in b/w2008-2010.
•2008 -a Constitutional Court ruling which temporarily halted foreign real estate investment
•New Legislation -EU accession process,> legal and regulatory systems in line w/ developed countries.
•A number of private initiatives to improve data in the real estate sector have also boosted transparency levels
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