Significant changes have been made to the regulation on amendments to the Land Registry and Cadastre Law and the conditions sought for the buying property by foreigners. Conditions have been improved for foreign nationals wishing to purchase property in Turkey.
Along with the amendment to the law, 183 citizens of countries have been granted the right to get property in Turkey “without seeking a condition of reciprocity”. The concept of reciprocity can be defined as the rights that countries provide to their mutual citizens. In other words, it can be explained as the fact that citizens of two countries can mutually buy property from each other’s countries. Foreign investors will now be able to buy property from Turkey without such a requirement between the two countries with the amendment to the law.
“In terms of buying real estate in Turkey, the term ”foreign” is defined in three categories:
Companies with foreign capital
Companies with Turkish and foreign capital
The most important reason for the legal change in the law is to remove barriers to foreign citizens wishing to invest in Turkey and encourage foreign investors around the world to invest and buy property in Turkey.
“Foreign nationals and companies who are citizens of countries determined by the presidency may get property and limited real rights in Turkey, provided that the legal restrictions are met, in terms of international bilateral relations and in cases where the interests of the country are required.
According to the list prepared in this direction, the number of countries with unconditional right to purchase real estate from Turkey, which was 53 before the amendment, was increased to 183.
According to Turkish real estate law, foreign investors have certain property purchase restrictions on land type and areas. The restrictions for foreign investors buying property from Turkey are as follows:
They can buy a property with a maximum land status of 30 hectares, They cannot buy a property in military areas and security zones,
When foreign investors who have not previously purchased any property in Turkey buy a land, they must submit a construction plan within two years from the date of purchase of the land.
Armenia, Syria, North Korea and Cuba are among the countries that cannot buy property from Turkey.
A foreign investor in Turkey must first get a tax identification number from the tax authorities in Turkey in order to establish a company, open a bank account, buy a property and gain Turkish citizenship through investment.
In order to get a tax identification number, the passport and photo of the foreign investor are requested. As a first step, your tax identification number is taken out from the authorized tax office in the region by our expert consultants.
In Turkey, a foreign investor must open an account at banks operating in Turkey in order to buy property and gain Turkish citizenship through investment. In order for a foreign investor to get Turkish citizenship through investment by purchasing a property, he must transfer a payment of at least US $ 450,000 from his own bank account to the seller’s bank account. Applications that do not include payment documents given by the bank among the documents for applying for Turkish citizenship are not accepted.
An account is opened in your name by our consultants at a bank operating in Turkey in accordance with you and the conditions of your country. After the account is opened in your name at the bank, it is issued to you by the bank on a debit card and credit card. In this way, when buying property from the opened bank account, we can transfer the sale price to the seller’s account and receive a receipt from the bank. In addition, you can make many different transactions with your bank account and cards.
A foreign investor can buy a property for the purpose of living in Turkey, for investment purposes or for the purpose of gaining Turkish citizenship.
Regardless of the purpose of buying property in Turkey, a foreign investor must first find the property that he or she will buy. Finding the right property is one of the steps that requires important and professional help. There are 81 provinces in Turkey. The first step in finding a property should be to decide which area to buy a property from. In short, you must first decide which province of Turkey to buy a property from. There are many major provinces in Turkey such as Istanbul, Ankara, Izmir and Antalya. After deciding on the city where you will buy the property, you should determine which area of the city you choose is suitable for you. This selection varies depending on the type of property and the purpose of purchasing the property. Your purchase goal can be commercial investments such as offices, shops, or individual properties such as apartments, villas. You can use or rent the property you have purchased. All these factors determine the type of property and in which area the property should be. If you are going to apply for Turkish citizenship with a property investment, the property you will receive must comply with the application requirements.
As it turns out, buying a property is a process that requires detailed and expert help. To buy a property in Istanbul, our expert consultants will find the right property for you to meet your demands. We offer properties with high investment value, completed or under construction in the right location, whose reliability has been tested, to foreign investors all over the world with the best price guarantee.
In the fourth step, you need to complete the documents needed to buy a property in Turkey.
This stage is the most important stage of buying property in Turkey.
After completing the necessary documents to purchase a property in Turkey, an application is made to the deed offices in the district where the property is located.
Deeds vary by property type. There may also be a restriction on any mortgage, foreclosure, comment, etc. on the deed. There are details that need to be checked without applying for sales.
- Control of condominium, construction servitude, zoning and settlement status of deeds,
- Checking whether there is a restriction on the deeds such as mortgage, foreclosure, comment, etc.,
- Control of the details of the property, such as island, sheet, parcel and independent section number, on the deeds,
- Correct writing of the sale value in the deed during the application,
- Checking whether the tenant pays the rent regularly if the property is used by the tenant,
- If the buyer is going to use the property, get a covenant from the tenant that he will evict the property on the appointed date,
- How to transfer money to the seller during the transfer of the deed,
- There are many important details such as commenting during the sale in order to gain Turkish citizenship by investing in the property.
We have given you information about the stages of buying a property in Turkey in just five steps. But the sale of a deed, transfer is a serious process that must be carried out by expert lawyers and real estate consultants, which includes many more details.
Our company provides professional services with real estate consultants and lawyers who specialize in buying real estate in Istanbul, gaining Turkish citizenship through investment.
Getting condominium deeds in Turkey can only be approved by registration in land registry offices.
Companies with foreign capital,
Companies with Turkish and foreign capital.
Along with a series of amendments to the law on Land Registry and Cadastre, 183 citizens of the country were granted the right to buy real estate in Turkey “without seeking the condition of reciprocity”. The concept of reciprocity can be defined as the rights that countries provide to their mutual citizens. In other words, if a citizen of a country can buy property from another country, only then a citizen of that country can buy property mutually from the other country. Foreign investors will now be able to buy property from Turkey without such a requirement between the two countries with the amendment to the law.
Armenia, Syria, North Korea and Cuba are among the countries that cannot buy property from Turkey.
Foreign citizens of real people, if permitted, in areas where private property is permitted (residential, commercial, land, agriculture, etc.) they can buy all kinds of real estate.
They can buy a maximum of 30 hectares of land,
Property cannot be purchased in military areas and security zones,
When foreign investors who have not previously purchased any property in Turkey buy land, they must submit a construction plan within two years from the date of purchase of the land.
Foreign citizens do not need to have a residence permit as a prerequisite for acquiring real estate in Turkey. In addition, foreigners who get property in Turkey are granted renewable short-term residence permits in accordance with the Law on Foreigners and International Protection No. 6458.
Such restrictions, such as mortgages, foreclosures, etc., which will be an obstacle to the sale of the real estate in question, should be checked before starting transactions at the land registry office.
Information about the property can be taken from the General Directorate of Land Registry and Cadastre, and inquiries can be made online at parcelsorgu.tkgm.gov.tr
If the property subject to inheritance is immovable, Turkish law will apply to the inheritance. If a foreign national has inherited property, the provisions of Turkish law on inheritance are applied regardless of which country the foreigner is a citizen of.
According to Turkish law, being a citizen of a foreign state is not an obstacle to becoming an heir or leaving an inheritance. Whether the inheritor is a foreigner or a Turkish citizen, and if there are foreign nationals among their heirs, Turkish Law is applied so that these foreign heirs can get an immovable in Turkey through inheritance.
In order to encourage foreign investment, Turkey has reduced the minimum amount of investment required for foreigners to have Turkish citizenship. According to the Turkish Citizenship Law No. 5901, foreign investors determined by the Ministry of Environment and Urbanization, who comment on the land registry with the commitment that the contract issued by a notary that he purchased or promised to sell the property in the amount of US $ 450,000 will not be sold for three years, can apply for Turkish citizenship. Foreign investors applying, together with their spouses and children under the age of 18, can acquire Turkish citizenship within 3 months and have a Turkish passport.
by property investment
The value of the real estate purchased between 12.01.2017 and 18.09.2018 had to be at least 1,000,000 USD and above.
With the change made in the Regulation on the Implementation of the Turkish Citizenship Law, foreigners can get Turkish citizenship by exceptional means by purchasing real estate in the amount of at least 400,000 US $ or equivalent foreign currency or equivalent Turkish Lira as of 12.06.2022.
For this purpose, a property on which a condominium or construction servitude has been established must be purchased under a contract of transfer of deed or notarized promise of sale.
The real estate must be worth at least 400,000 USD or the equivalent must be deposited in the seller’s account in foreign currency or Turkish Lira. The property purchased in the process of getting Turkish citizenship through investment can not be sold for 3 years and, this commitment will be commented on the deed.