Everything you care about real estate ownership law in Turkey
Last Updated: 2023-07-27All you care about real estate ownership law in Turkey
Real estate in Turkey is famous for its great diversity and distinctiveness, as soon as you take a look at the real estate market in Turkey, you will find houses, apartments, hotels, resorts, swimming pools, lands, and residential complexes.
The real estate market in Turkey is one of the richest and best markets in the world, visited by Arab and foreign investors from all sides, because of their safety, paper and promising future in buying real estate in Turkey, and in light of this tidal wave of investors' encroachment towards real estate in Turkey, the real estate ownership law in Turkey was one of the most common research topics that investors and everyone who directs his eyes to real estate in Turkey, and the topic of our research in this blog will be all you need to know About Real Estate Ownership Law in Turkey
Who is entitled to buy a property in Turkey? What are the real estate prices in Turkey? What does the law on granting Turkish citizenship through real estate investment include? And many other questions Follow us
Competitive prices for real estate in Turkey
Before delving into the heart of talking about the real estate ownership law in Turkey, it must be noted that one of the most distinctive features of real estate in Turkey is its competitive prices, as real estate prices in Turkey are low when compared to corresponding and similar properties in one of the European countries, and this property is one of the most attractive factors that attract investors and encourage them to own real estate in Turkey
What nationalities have the right to own real estate in Turkey?
All individuals and companies from all over the world and of different nationalities have the right to own real estate in Turkey, with the exception of some nationalities that are prohibited due to historical or political reasons, namely Syrian, Armenian and Cypriot citizenship (only citizens of Northern Cyprus are entitled to own real estate in Turkey), Cuban citizenship and North Korea, and the reasons for preventing these nationalities from owning real estate in Turkey vary.
What do you know about the law of granting Turkish citizenship through investment or real estate ownership in Turkey?
The real estate sector in Turkey receives great government attention and support, due to the Turkish government's awareness of the importance of stability and development of the real estate sector in Turkey permanently due to its direct relationship with the rest of the sectors, as well-qualified real estate is one of the most important reasons for the success and development of other sectors in Turkey due to the fact that real estate is an integral part of the infrastructure of any facility
Based on this importance, the Turkish government has provided many facilities and decisions in support of the development of real estate, the most prominent of which was the law granting Turkish citizenship to foreign investors through real estate ownership in Turkey, within specific conditions.
What are the details of the law granting foreign investors Turkish citizenship through real estate ownership in Turkey?
This law was issued in 2010, and amended in 2018, and this law provides for granting you Turkish citizenship in one of the following ways:
- You obtain Turkish citizenship by purchasing a Turkish property worth (400) thousand US dollars as a minimum, provided that this property is not sold for three years
- You can also obtain Turkish citizenship by depositing an amount of (500,000) US dollars or its equivalent, in a Turkish bank and not withdrawing it for three years.
- You can hire at least 100 Turkish employees to obtain Turkish citizenship
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What are the conditions that must be met by you to obtain Turkish citizenship through real estate investment (buying a property)?
- The nationality you hold must fall among the nationalities that are allowed to own a property in Turkey, and in general, the law on granting Turkish citizenship through real estate investment in Turkey has included almost all nationalities, except for specific nationalities that we mentioned earlier
- You must also be an adult in order to be given Turkish citizenship.
- It is not required to buy one property worth (400) thousand dollars, but you can buy more than one property in more than one region or Turkish state, provided that the total value of these properties is (400) thousand dollars.
Real estate ownership transactions in Turkey
In the event that you buy a property in Turkey, you are facing some of the tasks of completing a set of documents and documents in order to carry out the process of real estate ownership legally and legitimately
Real estate companies in Turkey provide a lot of facilities and services in this context, taking advantage of their strong local and international network of relations, and it has become easy to accomplish many steps of remote real estate ownership in Turkey 2020, by communicating through the official website of each official government or private department or body. Real estate companies are also characterized by performing various tasks in record time, saving a lot of trouble for the real estate investor. These were the most important outlines about The privacy of real estate ownership in Turkey.
Editorial Mersat Real Estate Team©
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