These nationalities are not allowed to buy real estate in Turkey
Last Updated: 2023-08-29Nationalities prohibited from owning property in Turkey
The experience of entering the real estate market and real estate investments in Turkey is an urgent desire for many investors around the world, and the history of real estate in Turkey is a witness and encouragement to the importance of real estate and the extent of its devotion to its owner, and how much it brings profits and huge wealth to its investors, not to mention the breathtaking natural attraction of various states and real estate regions in Turkey, when the name of Istanbul, Izmir or Antalya is mentioned, you imagine the amount of beauty, splendor and special and ancient Turkish luster embodied in its states It is Turkey and it is real estate in Turkey, it is the one that has walked according to a long history and achieved fruitful achievements and successes over time.
Government support for the real estate sector in Turkey
In addition to these natural and historical components of real estate in Turkey, the government has worked to advance the real estate sector due to its awareness of the importance of promoting real estate in Turkey due to its direct relationship with the rest of the sectors and areas of life, and this has been done through the issuance of some laws and decisions that facilitate the investment and purchase of real estate in Turkey and help mobilize huge capital and major investors in the world, and direct them towards real estate investment in Turkey
We mention one of the most important laws issued to grant Turkish citizenship to real estate investors through real estate investment in Turkey, within the terms and conditions specified in the law.
What nationalities or countries are not allowed to buy a property in Turkey?
According to Turkish real estate laws and regulations, all countries and all investors of different nationalities have the right to own and buy Turkish real estate, with the exception of specific nationalities that have been excluded for political or historical reasons and perhaps otherwise, namely: Syrian nationality, Armenian nationality, Cypriot nationality, Cuban nationality, North Korean nationality, and these are excluded:
- Holders of Turkish citizenship from one of the aforementioned countries
- Citizens with another nationality are allowed to buy real estate in Turkey, in addition to one of the previously mentioned nationalities
- Citizens of Northern Cyprus in particular
According to the law, which prohibits holders of one of these nationalities from buying real estate in Turkey, they are strictly prohibited from investing in real estate and buying real estate in Turkey, and there are many reasons and political conflicts that led to depriving these nationalities from buying a property in Turkey. In the end, the political situation may change over time, and holders of these nationalities may be allowed to carry out some investment activities in real estate in Turkey within specific conditions and exceptions, and these same people are deprived of obtaining Turkish citizenship through Real estate investment or any other form
Learn about other real estate factors and components that push investors to buy real estate in Turkey.
Competitive prices for real estate
The strong Turkish economy and government support for the Turkish real estate sector, and support for the influx of foreign investors to invest in Turkey have contributed to maintaining Turkish real estate prices to the acceptable extent, and even their prices are considered competitive, if compared to their counterparts in other European countries, and the issue of price attracts a large category of investors, as it is considered one of the essential factors and foundations for the renaissance of real estate investments in Turkey.
Real Estate Diversity
Turkey is a diverse and prosperous country in most sectors of life, where the real estate market is full of various investment opportunities such as hotels, restaurants, apartments, lands, houses, villas, residential complexes, gardens, and shops. There are ready-made properties and there are properties that are still under construction, meaning that the Turkish real estate market is very rich and diverse, and this is matched by an active investment movement.
Proven quality of apartments and real estate in Turkey
Real estate in Turkey competes with its counterpart in various Arab and foreign countries of the world, Turkey today is full of active real estate investment projects and real estate in Turkey is built using the best building materials
Editorial Mersat Real Estate Team©
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