When buying or selling real estate, there are many dangers that someone must be aware of that could lead to legal action. Because most homeowners are unaware of so many current and past scams, it is important to stay informed so that the person interested in buying or selling may avoid the pitfalls of scam artists with intent to defraud others. A real estate lawyer would caution against signing any document without consulting legal representation, avoiding anything that appears suspicious and to always ask questions. If someone has fallen for one of these illegal acts, legal representation is imperative to attempt to resolve the situation.
Property sales to foreigners in Turkey more than doubled on an annual basis in November, according to the Turkish Statistical Institute.
Some 89,626 houses were sold in Turkey, marking a 27 percent yearly decrease.
Foreigners bought 4,672 properties in the month, up 117.1 percent year-on-year.
Istanbul, Turkey’s largest city by population, was the top location with 1,922 sales in November to foreigners, followed by the resort city of Antalya (797) and the northwestern province of Bursa (301).
The largest share of house sales went to Iraqis, with 463 units in the month, followed by Iranians with 463, Afghans and Russians with 261, and Saudis with 233.
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