How can foreigners buy a flat in Turkey?
The conditions for foreigners to buy a house in Turkey and what they should pay attention to when buying a house is a very interesting topic and contains important details. Not every foreigner is allowed to buy a property in Turkey, there are some restrictions on this issue.
In our article, we will explain in detail what foreigners should pay attention to when buying real estate in Turkey, what conditions the purchase process requires, and what the restrictions are during the purchase process. Since our article is an important subject and includes technical details, we recommend that you read it carefully.
There are many things that foreigners need to consider when buying property in Turkey. A mistake made at any stage of the purchasing process can have consequences for the foreigner. Therefore, it is important for foreigners to act on what to consider when buying property in Turkey and to carry out their purchase with the help of an experienced lawyer.
Contents
1 Restrictions on foreigners buying property in Turkey
2 Things foreigners need to pay attention to when buying property in Turkey
3 Documents required for foreigners to buy property in Turkey
4 Final points
Restrictions on foreigners purchasing real estate in Turkey
Foreigners can buy property in Turkey. However, the purchase is subject to various conditions. The provision on this issue is included in Article 35 of the Land Registry Law No. 2644. The restrictions imposed on foreigners to acquire real estate in Turkey can be listed as follows:
There is a restriction for citizens of countries that can buy property in Turkey. If the buyer is a natural person, his/her nationality must be the nationality authorized by the President.
In order for foreigners to buy real estate in Turkey, the total area of the property purchased must not exceed 10% of the area of the private land.
Real estate purchases by individuals are limited to 30 hectares per person throughout the country. However, in some cases, this limit can be increased to 60 hectares. The President has the authority to extend this.
Legal entities other than commercial companies cannot invest in real estate in Turkey. Commercial companies can make these investments after submitting the real estate projects they want to buy. If the real estate acquired in this way is used for purposes other than the project, the liquidation of the real estate is carried out by the relevant Ministry.
Foreigners are not allowed to buy property in military prohibited areas and security zones. Foreigners cannot buy or rent property in these areas.
In addition to these restrictions, the President has the authority to impose additional restrictions and limitations. Restrictions not listed above may be imposed to the extent that the interests of the President of the country require. This restriction may also take the form of a complete ban.
It is very important to act in accordance with the above restrictions. A purchase that violates the restriction will not be valid. In order to be able to make transactions subject to the restrictions at the time of purchase, it is necessary to get help from a lawyer.
What should foreigners pay attention to when buying real estate in Turkey?
Conditions are very important for foreigners when buying a house in Turkey and some basic issues need to be taken into consideration during this process.
The first thing a foreigner should pay attention to when buying a house in Turkey is the existence of a situation that prevents the sale of the house, such as a mortgage or lien. Buying a house with a mortgage or lien can result in a major loss of rights. Information on the subject can be obtained from the General Directorate of Land Registry and Cadastre.
If a foreigner is going to make an agreement with an intermediary company when buying a house, the reliability of this company is very important. You should get legal advice from a lawyer on this matter.
The zoning status of the house being purchased should be questioned.
The authorities of the owner and seller of the house being purchased should be verified. It should be noted that these transactions are carried out under a fake power of attorney.
In case of a dispute during the real estate acquisition process, a lawsuit should be filed with the Turkish courts to resolve the dispute.
Prospective sales contracts concluded only in the presence of a notary are not sufficient for sales. Official transactions should be carried out in accordance with the necessary procedures at the land registry offices.
Foreigners do not need to have a residence permit to buy property in Turkey.
When a foreigner applies to buy property in Turkey, this application may be rejected. In this case, the person can appeal to the regional directorate to which the land registry office is affiliated.
As you can see, there are many things that foreigners need to pay attention to when buying property in Turkey, and they are very important. If any of these issues are ignored, it can lead to irreversible mistakes. In order to avoid possible mistakes and complete the process as desired, it is necessary to get help from an experienced lawyer.
Documents required for foreigners to buy property in Turkey
Foreigners who want to buy property in Turkey must first apply for it. This application is made to the Land Registry Office. The documents that must be included in the declarations to be made by real persons can be listed as follows:
Identity card and passport of the foreigner
Document regarding the fair value of the real estate planned to be purchased
Residence, workplace etc. Real estate. Compulsory Construction Earthquake Insurance Policy
Property Ownership
Photographs of the seller and buyer
If the purchase will be made with a power of attorney issued abroad, the original, certified copy and translation of this power of attorney.
Final thoughts
Above, we have answered in detail the questions that foreigners should pay attention to when buying property in Turkey , what conditions are attached to the purchase, what restrictions are imposed, how to apply to buy a house, etc.
As can be seen, what foreigners should pay attention to when buying real estate in Turkey is a matter of technique and details to be considered. In order for foreigners to act in accordance with what they should pay attention to when buying property in Turkey and to complete the process without experiencing any negativity, it is necessary to consult a lawyer at every stage.