For anyone that doesn't know, the Turkish people voted in a referendum this Sunday on whether or not the constitution should be seriously amended.
The amendments include increased protection and freedoms for women, children and the elderly, greater fiscal responsibility, and -- perhaps most important -- bringing the military under the control of civilian courts.
The Turkish people voted Yes, with a majority of 57%.
Commentators said that the referendum would be a major indicator of faith in Prime Minister Erdogan and his government, and of the people's feelings about the reforms their country needs to make for EU membership. They said a strong Yes vote of 60% or more would mean faith in Erdogan, continued desire to join the EU, and a rebuff those attempting to keep the coup culture alive.
57% is close enough. But how does all this affect overseas property buyers?
Well obviously, the stability of a country and its government is a major concern for overseas property buyers.
The Yes vote indicates that confidence in the government is high. It also means that the people are behind the government in its efforts to reform the secular Muslim state as far as is needed to join the European Union.
The fact that the government and the people are working together for a common goal speaks to a great deal of political stability in Turkey.
The vote would also seem to indicate that the people still want their country to join the EU. As Turkey's desire and ability to reform is a big factor in whether it will be accepted into the EU, this is a sign of hope for overseas buyers that EU membership is still on the horizon.
But most importantly of all: because the reforms are heavily against coups and military rule, the vote could spell the end of military involvement in Turkish governance.
This is important to overseas property buyers, because it is the involvement of the military in government that is behind the restrictions on foreign property ownership.
While Turkish property can now be bought readily by foreigners, many people still complain about the lengthy procedures and red-tape resulting from military rules. There are zonal restrictions which are also imposed by the military, and are heavily restrictive of land purchases and building.
The constitutional reforms are an attempt to place the military under the control of the state, rather than vice-versa. This could lead to the property purchase process becoming easier down the line.
All in all the reforms, and the Yes vote in support of them, seem good news for foreign owners and future foreign buyers of property in Turkey, which of course makes them good news for the Turkish property market.