There are laws on foreigners buying houses and land in Turkey. Foreigners are considered residents of Turkey and can buy houses and land in Turkey as residents. However, there are some restrictions for foreigners to buy land and houses in Turkey. For example, there are specific areas where foreigners can buy land in Turkey and foreigners need to obtain permission to buy land in Turkey. There are also tax obligations for foreigners buying land and houses in Turkey.
General Information on Property Sales to Foreigners
When foreigners buy a house or land in Turkey, it is usually done in the same way. Foreigners can buy a house or land in Turkey provided that they are resident in Turkey or have established a business in Turkey.
In addition, foreigners must transact in Turkey under the same conditions as domestic investors and pay the same tax rates as domestic investors. When foreigners buy a house or land in Turkey, Turkish law applies and they are required to apply to Turkish courts for dispute resolution.
Foreigners need permission from the General Directorate of Land Registry and Cadastre to buy a house or land in Turkey. In addition, foreigners must have an identity card showing that they are registered in Turkey and must have a valid passport. There are also restrictions on foreigners buying houses or land in Turkey.
What Foreigners Should Consider When Buying Real Estate in Turkey
Important points that foreigners should pay attention to when buying real estate in Turkey are as follows:
- In order for foreigners to buy real estate in Turkey, they must first be resident in Turkey or establish a business in Turkey.
- Foreigners need a permit issued by the General Directorate of Land Registry and Cadastre to buy real estate in Turkey.
- In order for foreigners to buy real estate in Turkey, they must operate under the same conditions as domestic investors.
- Foreigners are required to pay the same tax rates as domestic investors when buying real estate in Turkey.
- When foreigners buy real estate in Turkey, Turkish law applies and they are required to apply to Turkish courts for dispute resolution.
- It is beneficial for foreigners to speak Turkish in order to buy real estate in Turkey.
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Documents Required for Foreigners to Buy Real Estate in Turkey
The documents required for foreigners to buy real estate in Turkey are as follows:
- Passport: Foreigners are required to have a valid passport to buy real estate in Turkey.
- Identity card: In order for foreigners to buy real estate in Turkey, they must have an identity card showing that they are registered in Turkey.
- Permission from the General Directorate of Land Registry and Cadastre: A permit from the General Directorate of Land Registry and Cadastre is required for foreigners to buy real estate in Turkey.
- Tax number Foreigners are required to have a valid tax number in Turkey in order to buy real estate in Turkey.
- Power of Attorney: If a foreigner will use a Turkish citizen as his/her representative when buying a property in Turkey, a notarized power of attorney is required.
- Identity photocopy: Photocopies of identity cards are required for foreigners when buying a property.
Note: This list of documents may be subject to change or additional documents may be requested in line with the legislation and practices in force in Turkey. It is important that foreigners have documents in line with the legislation applicable under Turkish law.
Restrictions on Foreigners Buying Houses and Land in Turkey
The restrictions on foreigners buying houses and land in Turkey are as follows:
- Nationalism Turkish nationalism is required for foreigners to buy a house or land in Turkey.
- If the nationalism is not fulfilled, the permit issued by the General Directorate of Land Registry and Cadastre is required.
- Border regions: Foreigners cannot buy houses or land in certain areas in Turkey. These include military zones, national parks, protected areas and important historical sites.
- Land purchase limit: Foreigners cannot own a certain amount of land in Turkey. This limit is usually 30 hectares.
- Tax rates: Foreigners have to pay the same tax rates in Turkey as domestic investors.
- Law: Foreigners are obliged to conduct transactions in Turkey under the same legal conditions as domestic investors.