Can foreigners purchase property in Turkey?
Turkey is a popular destination for real estate buyers and holiday-makers from all over the world. As a result, many people ask, ‘Can foreigners purchase property in Turkey?’ Most nationalities can purchase a house in Turkey. Over 40 countries couldn’t buy property before 2012. After the Turkish government’s 2012 amendments, only five countries can’t purchase properties in Turkey. The countries are Syria, North Korea, South Cyprus, Armenia, and Cuba.
Turkey is on the list of countries where property buyers want to buy. Can a foreigner purchase a home there? There is no doubt that the answer is yes. Almost all nationalities can buy Turkish real estate. Syria, North Korea, South Cyprus, Armenia, and Cuba are the only countries that cannot buy houses in Turkey. Since we are Turkey’s leading real estate company, we receive calls from different countries daily.
They ask, ‘Can we buy a property in Turkey?’ You can buy a property in Turkey if you’re not from one of those five countries. Turkey doesn’t even try to follow the reciprocity principle for foreign property sales. As a result, you can purchase property in Turkey even if Turkish citizens cannot buy property in your country.
Who is eligible to purchase property in Turkey?
Turkish property is attracting investors from around the world. Many people are moving to Turkey for better living and to become investors in this beautiful country.
When people buy real estate, there are several land offices where title deeds are handled. Turkey doesn’t have notaries public like some European countries. Turkish title deed conveyance documents include;
- CMB Licensed Real Estate Appraisal Companies within the last three months,
- Both the buyer and seller’s passport or identity document.
- The title deed of the property;
- Earthquake insurance is mandatory;
- The paper depicts the value of the real estate as declared by the municipality,
- It is necessary for the seller and the buyer to take photographs within six months of the sale,
- A sworn translator for parties who do not speak Turkish,
- A Power of Attorney may be required if you are dealing with a proxy.
Please refer to our article to learn How can foreigners purchase property in Turkey?
- Many people have already purchased Turkish real estate despite searching the internet for answers to questions such as “Can I buy a property in Turkey?” and “Can a foreigner buy a property in Turkey?”. Because of the outstanding features of the country and the excellent returns, some of these buyers purchased multiple properties in Turkey.
- Turkey also attracts a lot of investors with its citizenship through an investment program. Foreigners who buy a property in Turkey worth at least 400.000 USD can get Turkish citizenship. Turkish citizenship stands out among similar programs because it’s quick and easy.
- Iranians mainly buy Turkish real estate. In January, 459 Iranians bought houses in Turkey. There were 385 homes in Iran, 260 in Iraq, 260 in the Russian Federation, 168 in Afghanistan, and 88 in Yemen.
- In 2019, more than 45.000 foreigners bought the property in Turkey, up 15% from last year. Istanbul is the most popular place for foreigners to purchase real estate, followed by Antalya and Ankara.
- What’s the best place to buy a house in Turkey? All cities in Turkey except military zones allow foreigners to purchase real estate.
- Considering that our company is one of the leading real estate companies in Turkey, we have a wide variety of properties for sale, including apartments, villas, and commercial properties.
- For more information or to schedule a viewing, please get in touch with us today.
We would be happy to assist you with your inquiries.