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Real Estate Ownership of Iraqis in Turkey

Real Estate Ownership of Iraqis in Turkey

Last Updated: 2023-09-11
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About Real Estate Ownership for Iraqis in Turkey

Iraqis' demand for real estate ownership in Turkey:

According to data released by the Turkish Statistics Directorate on properties sold in Turkey during the first eight months, Iraqis took first place with 3,515 properties, or nearly 20% of all properties sold in Turkey to foreigners.

Statistics of Iraqi-owned real estate during the first eight months of 2018

 

Month

Number of properties

January

272

February

308

March

348

April

337

May

407

June

315

July

584

August

944

Total

3.515

 

  • The most popular areas of Iraq for real estate ownership in Turkey: (Baghdad, Basra, Kurdistan)

  • The most popular Turkish states of ownership by Iraqis are: Istanbul, Antalya, Bursa, Trabzon, sakarya.

 

What are the reasons for Iraqis' demand for ownership in Turkey?

  • The volume of Iraqi demand for buying real estate abroad depends on one important requirement that this investment be related to the right of residence or nationality (according to analysis by real estate experts)

  • The devaluation of the Turkish lira.

  • Repeal the reciprocity law in accordance with the law of 2012 under which Iraqis are entitled to own property in Turkey.

  • The desire to invest in a safe and stable environment.

 

What are the conditions of ownership for Iraqis?

  • These are the same conditions applied to other foreigners except one condition is to obtain approval from the ministries of interior and foreign (The deed Directorate asks to obtain these approvals)

  • Iraqis are prohibited from owning agricultural land or not intended for habitation.

 

Legal papers required to complete the procedures for owning Iraqis in Turkey

To complete real estate ownership procedures in Turkey and deed works, the following is required:

  • Extract a tax number.

  • Translate your passport into Turkish.

  • Passport certification translated by the notary, or through Turkish embassies abroad.

  • Two photos.

  • Payment of the deed fee.

  • Presence of the relevant person or his official agent, by providing a notarized power of attorney to the notary, or through Turkish embassies abroad

 

The consulting team at Mersat Real Estate - welcomes your requests for help or enquiry
as we are happy to inform you that most of Mersat real estate consulting services are for free and we don’t charge for any fees

 

Last Updated::2023-09-11

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