Ownership of Europeans in Turkey, Turkey is considered one of the best destinations for those who want to buy and own real estate in the world, as it is considered one of the countries that has a distinguished geographical location, and its government has issued a set of laws, including a law that gives the right to some foreigners to buy real estate and own it within Turkish territory .


 

Property law in Türkiye.

As for the ownership laws within the state of Turkey for foreigners wishing to buy real estate there, the Turkish Parliament issued a decision in the year 2005 AD. Foreign countries wishing to own real estate within them, in exchange for these foreign countries to which these citizens belong, to give the Turks in their lands the freedom to buy and own real estate in them.

 

However, after the occurrence of economic crises in the world, and the occurrence of price hikes that many owners of investment companies suffered from, the state of Turkey amended the previous law and issued a new law in the year 2012 AD, in which it amended the law that provided for reciprocity and canceled this principle with the exception of some foreign countries such as:

• Cuba.

• north korea.

• Armenia.

• Nigeria.

 

Terms of ownership in Turkey.

As for the conditions set by the Turkish state for foreigners to own real estate within it, they are as follows:

 

• First: There is a maximum limit stipulated by Turkey for foreigners wishing to own a property in it, which is that the total area of this property does not exceed 30 hectares.

 

• Second: If the property to be bought or sold by the foreigner is in a place where residence is prohibited, then he is not allowed to buy or rent there.

 

• Third: The Turkish directorates of the real estate registry prohibit granting a license to own real estate to foreigners in an area if the real estate area of foreigners there exceeds 10% of the area of this town as a whole.

 

• Fourth: Foreigners who wish to invest within Turkey's borders have the right to purchase fields or lands in any area registered within Turkish lands as lands suitable for housing, and in order to complete the sale process to the investor, he must present his construction project to be built on that land.

 

Problems of buying a property in Türkiye.

As for the problems that may cause foreigners to be prevented from buying and owning property in Turkey or giving the Turkish government the right to terminate their property contracts, they are as follows:

• If the foreign buyer purchases a property in a way that violates Turkish law and in an illegal way.

• If the buyer violates the purpose on which he purchased this property, and this is what makes the ministries of Turkey resort to terminating the ownership contract for this buyer.

• If the foreign investor did not implement the project for which he acquired this property.

• If the foreign investor does not submit his real estate project at the time specified in advance, then the state will annul his real estate ownership contract.

 

Advantages of buying a property in Türkiye.

 

If you are a foreigner who intends to buy a property in the Turkish state, you must know the advantages of real estate ownership there, which are:

• Buying a Turkish property will enable you to obtain real estate residence there.

• You can also submit an application to obtain Turkish citizenship, if the price of your property is more than 400 thousand dollars.

• In addition, buying a property inside Turkish territory will enable you to obtain a Turkish passport, and you will be able to do so after obtaining Turkish citizenship.

• Owning a property inside the state of Türkiye makes it easy for you to reside and live there.

• The cost of living within the Turkish state is relatively low when compared to other European countries.