Foreign real persons , who are citizens of the countries that have been announced by The Council Of Ministers, are entitled to acquire ownership rights in Turkey.

Can Foreign Real Persons Acquire Real Estate?

Can Foreign Real Persons Acquire Real Estate?


Foreign real persons , who are citizens of the countries that have been announced by The Council Of Ministers, are entitled to acquire ownership rights in Turkey.

There are nearly 1814 countries, the citizens of which are now allowed to acquire properties in Turkey.The total size of land cannot exceed 30.000sqm for each person.In addition, foreign real persons are only entitled to acquire real estate up to 10 percent of the total surface area of the relevant district.

The buyer must apply to the relevant land registry office for approval.The acquisition can be performed upon the issuance of the relevant land registery’s approval.

There are no differences between foreign real persons or Turkish citizens regarding an acquisition of property.In principle there is no difference between Turkish residents and non-residents for property acquisitions for taxation purposes.Foreigners are subject to the same rules with the Turkish residents.

Source: www.gyoder.org.tr

Nurullah KIRMACI/ Emlakcoulisse.com