Can all nationalities buy property in Turkey?
Most nationalities can buy property in Turkey including US, UK, European and Middle Eastern citizens. Out of 195 countries, only citizens of five cannot purchase and own Turkish real estate. They include Syria, Armenia, North Korea, Cuba, and Nigeria. For most, a procedure is in place, so buying a real estate is quick, straightforward and easy to do.
A few nationalities like Iraqis, Iranians, and Palestinian need to get permission from the interior ministry. While others can’t buy agriculture land, for exact clarification, call us today. But over 180 nationalities can purchase property in Turkey without any restrictions.
Who is Buying Property in Turkey?
If we have a look at figures released by Turk Stat, the country’s official statistics portals, we can see Turkey is a multicultural hub with many nationalities investing in homes and business premises. In 2018, 40,000 homes were sold to foreigners including Russians, Germans, British, Sweden, Netherlands, and USA citizens. Middle-Eastern nationalities included Iraqis, Iranians, Kuwaitis, Jordanians, and Saudi Arabia.
As you can see, Turkey doesn’t discriminate home buyers. Foreigners purchase real estate in many areas of Turkey, but some are emerging as the most popular including Istanbul, Antalya, and Bursa. This article talks more about the regions where foreigners buy homes and why.
If Buy Property, Can I Get Turkish Citizenship?
This scheme says: Anyone buying a home worth $250,000 and keeping it for three years is eligible for Turkish citizenship. A lawyer performs the application, and the land registry office will inspect your house, to make sure it matches the declared amount on the title deeds. At the time of buying, inform the title deeds office that your purpose is the investment scheme.
What Property Can Foreigners Buy in Turkey?
Most nationalities can own up to 30 hectares of a property if it is not within a military zone. Within a village or small town, they can purchase up to 10% of the land as defined by the General Directorate for Land Registry and Cadastre.
Both companies and people can buy real estate, and the transaction and handing over legal rights are only recognized when the title deeds office has handled it. Non-Turkish speakers must use a certified and recognized land registry translator.
If the buyer cannot be there in person to sign for the deeds, the land office accepts Powers of Attorneys issued in Turkish embassies or consulates around the world. The title deeds office will not approve the transfer of ownership if there are limitations on the property such as local council debts or mortgages. Employ a lawyer from the get-go to prevent this scenario. Regardless of nationality, if you buy land to construct on it, the project must be submitted for approval within two years of purchase.
Do You Need a Residency to Buy Property in Turkey?
No, you don’t. But, the good news is that once you are a proud homeowner, it’s easier to apply for residency.
Starting Your Property Search
As a leading real estate agent with offices in many regions, we have helped many foreigners buy property in Turkey. Start your search by browsing our portfolio of apartments and villas for sale in Istanbul.
Alternatively, if you have more questions, and want to speak to a sales advisor, call or email us today.
Read more in the second part of this guide: How to Buy a Property in Turkey?