{ الدليل الشامل للتملك العقاري في تركيا  | Mersat Real Estate | Real estate experts make the decision
Directory of foreigners for real estate in Turkey

Directory of foreigners for real estate in Turkey

Last Updated: 2023-09-10
+ Font size -
17 14160

Real estate ownership law in Turkey

This guide has been carefully arranged and meticulously designed to be a reliable and reliable reference

Legal basis:

In accordance with the amendment to Article 35 of The Real Estate Law No. 2644 issued on May 18, 2012, the principle of reciprocity in relation to foreign ownership of real estate in Turkey has been abolished.

Foreigners are entitled to own any kind of property within the borders of the Turkish Republic.

Any foreigner who owns a plot of land for the purpose of establishing must review the municipality and the Directorate of Agriculture in the state where the land is located.

Contract shape:

According to Turkish real estate law, the ownership of any property is transferred in the Directorate of Land Registry.
  1. The area of property owned by the foreigner must not exceed 30 hectares.
  2. Foreign-owned properties within the boundaries of the administrative area must not exceed 10% of the total area of the administrative area.
  3. Obtaining security and military approval from the competent military authorities in the area where the property is located.

Procedures for the transfer of property ownership:

  1. The property owner will reserve an appointment at the Land Registry Directorate to complete the transfer of property.  (The initial appointment is reserved electronically, before 12 pm, for a serial number)
  2. Reserving the appointment is either through the website of the Directorate of Land Registry https://randevu.tkgm.gov.tr
  3. The papers required for the transfer of ownership:
  4. The deed document of the property, which includes (the detailed address of the property).
  5. Passport in addition to translate it.
  6. Report the rate of real estate values in the region and this report is issued by the municipality.
  7. Property Assessment Report,
  8. Earthquake insurance policy for the property.
  9. A personal photograph of the seller as well as two photographs of the buyer.
  10. A Notary translator if one of the parties is not fluent in Turkish.
  11. If the purchase procedure is made by a Turkish special agency, at the consulate or embassy, so the buyer needs a certified translation from a Notary translator, attached to the original version of the agency.

Agency concluded outside the Republic of Turkey:

  ⦁ The agency concluded at the consulates and embassies of the Turkish Republic.

  ⦁ An agency with a notary in a foreign country and in the official language of that country, which includes a personal photograph of the owner of the agency.

  ⦁ It must be translated into Turkish and authenticated by the Turkish consulate or embassy in that country if this country is not signatory to the Hague Charter on 5 October 1961.

  ⦁ If it is a signatory to this charter, the Agency doesn’t need to be ratified by the Turkish consulates, provided that the commentary includes the sentence (Convention de La Haye du October 1961).

Transfer charges:

- The value of the property in deed must not be less than the value specified in the real estate rate report in the region.

- The fees for the deed procedures are estimated at 4% of the value of the property registered in the deed.

-The turntable has a trading capital of approximately $500.

-Value Added Tax (VAT) which is 3 tranches 1%, 10% or 20%

The reviews that foreigners should pay attention to during buying a property in Turkey:

- Before purchasing the property, the buyer must review the Directorate of Land Registry to ensure the legal integrity of the property, and free of any legal problems such as loans, reservations or inheritance problems.

- In the case of disability to obtain an appointment for the transfer of ownership, the Land Registry Directorate can be reviewed directly.

- It is recommended not to rely on untrusted real estate brokers whether they are companies or individuals.

- The buyer does not require a residence permit in Turkey until the transfer of ownership of the property is carried out.

- In the case of any disagreement between the parties to the contract must refer to the relevant Turkish judicial bodies.

- If the buyer is a company, it applies some special conditions.

Companies with foreign capital:

Foreign companies with foreign capital should check with the Commercial Registry Directorate for a document specifying capital ratios, and then the Planning Directorate of the provincial building in the state concerned should be consulted for permission.

Consulting team at Mersat Real Estate, welcomes your requests for assistance or enquiry

 

We are also pleased to inform you that most of Mersat Real Estate

Advisory services are free of charge and we do not charge any fees for them.

 

Source: Directorate of Land Registry in Turkey.

Edit: Mersat Real Estate ©


Last Updated::2023-09-10

Real estate Articles

The real estate market in Istanbul is the best choice for investors
Istanbul is a destination for millions of tourists and investors who want to buy a property in Turkey, so what are the types of real estate in it?
Find out why you should deal with a reliable real estate company
Mersat Real Estate recommends always dealing with real estate companies and not listening to rumors
A comprehensive guide for everything related to buying a property in Turkey
Are you interested in real estate investment in Türkiye? Here's everything you need to know about investing in Türkiye
Torlow's balcony
Turlo Glass Balcony, a beautiful glass balcony for lovers of adrenaline, excitement and suspense
Asansur Tower is a charming landmark of Izmir
Turkey seeks every day to support tourism and the tourism field in Turkey to raise the country's economy first through tourists visiting the picturesque natural places
What are the elements of investment in Turkey?
Investing in Turkey and reaping real estate that must be taken into account when buying a property
Advantages of the Turkish passport 2023
There are many reasons that lead many Arabs to inquire about the possibility of obtaining a Turkish passport, with the many advantages it gives to those who hold it.
Annual property tax in Türkiye
What is the annual property tax? And what is its value?
Princesses Islands are the most beautiful islands in Turkey
Princes' Islands in Istanbul: A gem in the Marmara Sea with exceptional history and beauty, featuring cultural and natural landmarks that attract visitors to enjoy a unique charm blending history with serene natural beauty.
Arnavutköy area
Arnavutkoy ... the center of promising investments

Real estate News

A new decision regarding real estate residency in Türkiye
Learn about the new decision regarding real estate residency in Turkey, where obtaining a real estate residency requires that the price of the property to be purchased be 200 thousand dollars or more.
The United Kingdom is investing four billion US dollars in Turkey
Reports indicated in some newspapers, including Anadolu Agency, about the planning of the British company Hive Energy, with the support of the British Chambers of Commerce, to invest in Turkey worth four billion US dollars
Economies are collapsing, currencies are falling, and Turkey is out of this equation
After the Corona crisis ravaged the world's economies and scientists reached anti-virus vaccines, and as soon as things began to improve and recover, the Russian-Ukrainian war occurred.
400 Thousand US Dollars, a Simple Amendment to One of the Conditions of Obtaining Turkish Citizenship
The Turkish Official Gazette published at dawn today, Friday, May 13, the decision of Turkish President "Recep Tayyip Erdogan", which stipulates raising the value of the property that grants its owner the right to obtain Turkish citizenship from 250 thousand to 400 thousand US dollars.
exceptional project from a government that cares about its people
 Recently, the Turkish government has introduced a residential project, land suitable for construction and industrial zones in all Turkish provinces
The Clash of Giants over One of the Major Markets, and the Turkish Overcomes
In the midst of the crises the world is witnessing, such as wars, conflicts and the collapse of economies, the Turkish Real Estate Market has registered remarkable progress with the rise in the average cost of houses in Turkiye
Accord and new horizons, Ankara and Riyadh
 As a kind of confirmation of improved Saudi-Turkish relations, Crown Prince Mohammed bin Salman visited Türkiye for the first time
Closing Some Neighborhoods in Türkiye to Foreigners; a Resolution in Your Favor 
As of July 1, the number of neighborhoods in which the process of registering and changing residence of the foreigners will be closed
Tourism recovery in Turkey 2022
After the Corona pandemic hit all the world's countries, tourism declined in many of the countries that pioneered it
Trabzon Receives Its Saudi Loved Ones After a Long Absence
After a long absence because of the coronavirus pandemic, Saudi tourists returned to Türkiye to enjoy their summer vacation as Trabzon was their first choice.

Projects in İstanbul

Realestates in İstanbul

Let us tell you with new

By joining mailing list