Conditions for owning an apartment in Turkey

Created: 2021-08-31
Last Updated: 2024-04-19
Views: 3260

Content Index

Conditions for owning an apartment in Turkey:
Amendments to the law of real estate ownership in Turkey:
What are the documents needed to transfer property ownership?
Cases in which real estate purchase contracts by foreigners in Turkey can be canceled:

Real estate in Turkey has many advantages that attract Arab and foreign investors and push them to buy it and enter the real estate investment world in Turkey.
And if you are one of these, you must know more about the process of buying apartments in Turkey and about the conditions that must be met in order to be able to buy property in Turkey. Below we will talk more about the conditions and details of buying real estate..

Conditions for owning an apartment in Turkey:

How is there a set of procedures and conditions that you should pay attention to before buying an apartment in Turkey, which are:
1- Extracting the tax number: you cannot make any purchase or sale in Turkey without extracting this number, noting that this does not include only real estate, but any purchase of property, and extracting this number defines a simple process that only requires going To the tax department, as the process does not take more than half an hour.
2- Foreigners cannot buy real estate in Turkey within the military zones or near security points.
3- There is a specific area that the foreign investor cannot exceed, as the area of real estate owned by him should not exceed 10% of the area’s area, or the equivalent of 30 hectares.
4- If the goal of buying an apartment in Turkey is to obtain Turkish citizenship, then the real estate appraisal document must be extracted, through which the property is examined and its specifications are verified to estimate the price it deserves and to know whether it is suitable for obtaining Turkish citizenship by Real Estate Investment .

Amendments to the law of real estate ownership in Turkey:

In the past , the real estate ownership law in Turkey for foreigners followed the principle of reciprocity , which means that a foreigner has the right to buy property in Turkey only if his country allows Turks to buy real estate on its lands .
But later, amendments were made to this law and the principle of reciprocity was abolished so that all foreign investors were allowed to own real estate in Turkey absolutely freely, except for some nationalities such as North Korea.

What are the documents needed to transfer property ownership?

There are some documents that must be used when transferring ownership of the property, which are:
1- The original title deed of the property, which contains its detailed information.
2- The investor's passport, after its translation.
3- The real estate appraisal document of the property to be purchased.
4- Earthquake insurance policy.
5- Personal photos of the property owner and the buyer.
6- In the event that one of the parties does not speak Turkish, then it is necessary to have a sworn translator present at the completion of the buying and selling process.

Cases in which real estate purchase contracts by foreigners in Turkey can be canceled:

There are some cases in which the foreigner loses the right to the property he purchased. For example, if the property is used for a reason and purpose other than what is stipulated in the contract, the competent authorities will cancel the sale contract, meaning that if the property was purchased for housing and later If it is used for trade, the contract of sale is void.
Also, all purchases and sales that take place without following the legal methods are considered cancelled.
In addition, in the event of the expiry of the specified period required to start the agreed investment project without any significant progress, the sale process is cancelled.

At Ramzy Real Estate Company, we are glad to accompany you on the journey of buying property in Turkey and to provide you with a range of services to make the process smooth and easy , as we are always keen to present a variety of options for residential and investment properties in addition to helping you obtain Turkish citizenship for those looking for it.
Our services:
- Legal advice .
- Property Management.
- After-sales services .
- Legal services and obtaining Turkish citizenship.
- Buying and selling real estate in Turkey.
- For more details, you can contact us via the communication platforms or via the WhatsApp attached on the site.