Buying land in Turkey – Laws and conditions of purchasing land in Turkey for foreigners
Buying land in Turkey.. There are important questions and inquiries that concern many investors wishing to buy land in Turkey. In this article from Ebla Real Estate, we will answer the most prominent of these questions. We also will talk about laws and conditions of buying land in Turkey by foreigners.
An introduction about buying land in Turkey:
Land is one of the most important options offered by the real estate market in Turkey. There is no doubt that property is one of the most popular investment tools all around the world, and Turkey is no exception to that rule.
What is the difference between agricultural lands and architectural lands?
Architectural land is every land on which construction is permitted at a certain percentage, whether it is villas, commercial, residential, tourist, health or educational buildings. Moreover, it is called in the title deed Arsa.
Agricultural land is any land on which construction is not permitted, or on which construction is allowed in very small proportions of its area, on special terms. Moreover, it is called in the title deed Bahçe – Tarla.
What are the conditions and laws for a foreigner to purchase land in Turkey?
There are a number of conditions that the foreigner must abide by in order to be able to buy land in Turkey, the most prominent of which are:
The property to be purchased is not located near sensitive military facilities.
Not owning agricultural land for more than two years without an agricultural project during these two years.
In addition, a foreigner is not permitted to acquire more than 300,000 square meters of agricultural property. However, the Ministerial Council has the right to increase the space allocated to the foreigner if it deems that there is a benefit from this increase
The area of land owned by foreigners in any place should not exceed more than 10% of the area of the region.
Does a foreigner obtain a residence permit when buying land in Turkey?
Based on the law issued on April 11, 2013, foreigners who own real estate in Turkey can obtain a residence permit for one or two years. Moreover, in the event that they do not sell the land, they have the right to renew the residence.
Furthermore, according to Article 42 of the same law, a foreigner who has a residence permit for 8 consecutive years has the right to apply for permanent residency.
Does a foreigner obtain Turkish citizenship when buying land in Turkey?
Of course, foreigners can apply for Turkish citizenship through buying a property worth 400.000$, regardless of whether that property is home, office, commercial or land. Provided that it is not sold for 3 years.
However, it should be noted that the price of the property, which we will pay, should be recorded at the same value on the title.
How can a foreigner buy land in Turkey and get the title deed?
A foreigner may purchase property on his own name or on the name of a company. However, if the goal is to invest directly, it is better to register the property on his name. Moreover, if the goal of buying agricultural land is to wait a while, it is better to register the property on the name of a company.
As for the real estate registration transaction, the procedures for transferring ownership must be carried out in the Real Estate Registry Department – Tapu in Turkey.
- The required documents for the seller:
- Property title deed.
- Document of real estate appraisal.
- Earthquake insurance (if residential).
- Personal Photos.
- Photocopies of the project permit (if building).
- The required documents for the buyer:
- Extracting a tax number.
- Translated and certified passport.
- Personal Photos.
Thus, we talked about buying land in Turkey.
Edited by: Ebla Group Real Estate
