This is the current situation:
PURCHASE OF PROPERTY IN TURKEY
UPDATED FLASH MESSAGE – 16.04.2008
The sale of property to foreigners in Turkey has been temporarily suspended, due to a ruling by the constitutional court to review the law that was ratified on 7 January 2006 (see below para).
The concerned Turkish authorities have confirmed the review is complete, but awaits signature from all Members of the Parliament. WE ARE ADVICED THAT THE MATTER WILL BE RESOLVED SOON. For further information please contact the Turkish General Directorate Office for Land Registry.
In real terms foreigners can only own up to a maximum of 2.5 hectares (25,000 m2) of land and property. Upon application the Council of Ministers may use its discretion to increase this threshold to a maximum of 30 hectares (300,000m2) providing this figure does not exceed a total of 0.5% of the land area of the province in question.
Foreign nationals and foreign commercial companies are not allowed to buy property in the strategic military and security zones of Turkey.
Please note that to purchase real estate/land in Turkey, conditions of reciprocity, complying with legal restrictions apply. In implementation of the reciprocity principles, it is essential that real estate acquisition rights given by a foreign country to its own citizens and to commercial companies established in foreign countries, according to the laws of these countries are also given to the citizens and commercial companies of the Republic of Turkey. As detailed in the Turkish Embassy website, the United Kingdom and the Republic of Turkey have full reciprocity regarding real estate acquisition.
http://www.britishembassy.gov.uk/se...d=1085327090609
Reading this as a Brit, I would understand it to mean I cannot buy property at the moment but if you substitute the word "sale" with the word "TAPU" it makes it all a lot clearer!
Technically, completion, i.e. "the sale" is on reciept of TAPU and its this transfer of TAPU/title deeds in your name that is suspended.
As we foreigners dont get our TAPU's on the same day as contract, we have not technically bought until we get out TAPU's and as you all know this has taken some people years!
Its the same situation, just under a different heading - It's "Temporarily Suspended", not cancelled.