Can foreigners buy property in Turkey?
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Can A Foreigner Buy Property In Turkey?
Turkey is a popular destination for international real estate buyers and holidaymakers. Therefore, many people worldwide are trying to find the answer to one question: “Can I purchase a property in Turkey?”.
People from almost all nationalities can buy property in Turkey. Before 2012, people of more than 40 countries couldn’t buy properties due to the law of reciprocity. Today, after the amendments made by the Turkish government in 2012, almost all nationalities can buy properties in Turkey except for only five countries; Syria, North Korea, South Cyprus, Armenia, and Cuba.
Who can buy property in Turkey?
International real estate buyers are trying to find out if there is a restriction for buying property in Turkey. So, can a foreigner buy property in Turkey? In short, the answer is yes. Almost all nationalities can buy real estate in Turkey. All nationalities can buy properties in Turkey except for only five countries; Syria, North Korea, South Cyprus, Armenia, and Cuba,
As the leading real estate company in Turkey, we receive hundreds of phone calls from different countries every day. Some of these phoners are asking “Can we buy property in Turkey?”. If the caller is not a citizen of the above-mentioned 5 countries, they can purchase property in Turkey. Besides, Turkey does not even seek the reciprocity principle for foreign property sales. So, you can buy property in Turkey even if Turkish citizens can not buy property in your country.
Can anyone buy property in Turkey?
People from all over the world are interested in the Turkish property market. Some of these people buy properties in Turkey for holiday purposes, while many people seize profitable investment opportunities and a great many of them are moving to this beautiful country for a living.
When someone buys real estate in Turkey, title deed conveyance is carried out at the land offices in Turkey. Unlike some European countries, title deeds can not be registered at the notary public in Turkey. Required documents for the title deed conveyance are as follows;
– Appraisal report prepared by CMB Licensed Real Estate Appraisal Companies within the last 3 months,
– Passport or identity document of the buyer and seller,
– Title deed of the real estate,
– Compulsory earthquake insurance for buildings,
– Real estate declaration value document of the property from the relevant municipality,
– Photographs of the seller and the buyer, must be taken within the last 6 months,
– Sworn translator for the parties who do not speak Turkish,
– Power of attorney if the transaction is carried out by a proxy.
For detailed information about buying real estate in Turkey, you can read our article; How to Purchase a Property in Turkey.
Can foreigners buy property in Turkey?
Although some people are searching the internet for answers to questions like; “Can I buy property in Turkey?” or “Can a foreigner buy property in Turkey?”, many people have already purchased their properties in Turkey. Besides, some of these buyers purchased more than one real estate in Turkey thanks to the great features of the country and the good return on investment rates.
Turkey also draws the attention of the investors with the advantageous Turkish citizenship by investment program. According to law, foreigners who purchase property in Turkey valuing at least 400.000 USD can get Turkish citizenship. Turkish citizenship program steps forth among similar practices in the world as it is an easy and quick process.
Iranians rank the first in the list of nationalities that bought the most real estate in Turkey. In January, Iranian citizens bought 459 houses from Turkey. Iran was followed by Iraq with 385 houses, Russian Federation with 260 houses, Afghanistan with 168 houses, and Yemen with 88 houses.
20 countries with the highest property sales in Turkey by nationality, January 2021
Foreign buyers purchased more than 45.000 units in Turkey in 2019, which shows a 15% increase compared to the previous year. Istanbul is the most preferred city by foreigners to buy real estate, which is followed by Antalya and Ankara respectively.
So, as a foreigner, where can you buy properties in Turkey? Foreigners can buy any kind of real estate in all cities in Turkey except for military zones. Related pages; Property Purchasing in Turkey
As the leading real estate company in Turkey, we have all kinds of properties for sale in our portfolio; apartments, villas, commercial properties, and lands. Contact us today to get further information or to arrange a viewing tour.
FAQ About Buy Property in Turkey for Foreigners?
Q: Can you buy properties in Turkey?
A: Yes. Everyone from any country can buy properties in Turkey except for Syria, North Korea, South Cyprus, Armenia, and Cuba.
Q: Can we buy property in Turkey?
A: Yes. Moreover, Turkey is a very popular destination in the international real estate market since buying a property in Turkey is a good and profitable investment.
Q: Can I purchase a property in Turkey?
A: Yes. Besides, buying real estate in Turkey is relatively easier than in many countries in the world. See properties for sale in Turkey.
Q: Can you buy property in Turkey?
A: Everyone can buy properties in Turkey except for Syrian, North Korean, Cypriot, Armenian, and Cuban nationals.
Q: Can a foreigner buy property in Turkey?
A: Yes. Indeed, foreign sales form a great part of total real estate sales in Turkey.
Q: Can a foreigner buy property in Turkey?
A: Foreigners can buy properties in Turkey. As Turkey is a wonderful country offering great advantages to international real estate buyers, foreign demand for Turkish properties is quite high.
Q: Can I buy property in Turkey?
A: If you are not a citizen of Syria, North Korea, South Cyprus, Armenia, or Cuba; this means that you are legally eligible to purchase properties in Turkey. Further reading; Expenses When Buying Property in Turkey
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Created: 08.07.2021, 22.40Updated: 23.08.2024, 13.00
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