Turkey is among the most preferred countries in the world for real estate purchase in recent years, with the opportunities it offers. With its natural beauties, historical and cultural assets, residence permit and citizenship opportunities offered to investors, it provides many advantages to those who want to buy real estate for residence or investment. However, there are some important issues that foreign citizens should consider before they decide to buy in Turkey real estate for residence or investment purposes.
With the latest amendments to the Land Registry Law, the reciprocity requirement has been abolished for 183 countries and the conditions for acquiring real estate for foreigners have been facilitated. Although this law amendment provided convenience, quantity and regional restrictions were also introduced in the acquisition of real estate. In addition, the acquisition of real estate by foreigners is possible with official transactions to be made at the Land Registry Directorate, as is the case with Turkish citizens. Incorrect transfers or signed erroneous contracts required to acquire the ownership of the immovable cause irreversible loss of rights. For foreigners who want to buy real estate in Turkey, all processes from finding the suitable real estate to the registration, providing the necessary documents and making the applications are meticulously carried out by our experienced legal unit. You can find detailed information on the real estate purchase of foreigners in Turkey in our article titled “Turkey Real Estate Acquisition by Foreigners”.
You can always contact us for your real estate acquisition and other questions….
Edel Property Team