November 16, 2018 / 4:50 AM / a month ago

Turkey to allow forex real estate contracts for foreigners

ISTANBUL, Nov 16 (Reuters) - Turkey will allow foreign citizens resident in the country to make real estate contracts in foreign currencies under a revision of regulations designed to support the Turkish currency, the Official Gazette said on Friday.

It also said under another revision that forex-indexed real estate contracts would be allowed in free trade zones. (Reporting by Mehmet Demir and Ebru Tuncay; Editing by Daren Butler)

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