Buying Property in Turkey
Who can buy a real estate in Turkey?
Foreign nationals (real persons)
According to the law on ‘property purchase by foreigners in Turkey’ enacted on January 7, 2006, foreign nationals (real persons) are able to acquire real estate in Turkey on the conditions of being reciprocal and complying with legal restrictions.
According to the law on ‘property purchase by foreigners in Turkey’ enacted on January 7, 2006, foreign commercial companies having legal personality established in foreign countries according to the laws of those countries are able to acquire real estate in Turkey on the conditions of being reciprocal and complying with legal restrictions.
Companies established/participated by foreign nationals (FDI Companies)
Companies can freely acquire real estate or limited rights through a legal entity established or participated in Turkey by foreign investors provided that such acquisitions are permitted for Turkish citizens.
What is the legal framework for property ownership?
The Constitution, the relevant provisions of the Civil Code, the Title Deeds Act, the Foreign Direct Investment Law and the relevant legislation form the legal framework which enables foreign people or corporate entities to buy real estate in Turkey.
Are Turkish citizens and foreigners treated differently?
According to the legal framework mentioned above, both Turkish citizens and foreign owners have equal property-ownership rights.
Are properties in Turkey Freehold or leasehold?
In general, properties in Turkey are of Freehold type.
What Types of residential buildings are available?
There is a wide range of options such as detached, semi-detached and terraced houses, purpose-built apartments and luxury villas. Quality residential buildings are available everywhere in Turkey.