It will be appropriate for foreign real persons to pay attention to the following issues in order not to suffer damages when buying real estate in Turkey:
According to Turkish laws; foreign nationals can purchase all kinds of real estate in Turkey, such as houses, offices, shops, land, field, etc. provided that legal restrictions are observed.
If they have bought land or fields, they should submit the project they will develop to the approval of the relevant ministry within two years.
Before making sales contracts, issues such as whether the immovable is registered with limited real rights, whether there is any mortgage or any obstacle to its sale should be checked by the relevant Land Registry Office.
Failure to sign and pay legally binding contracts at the Land Registry Offices, without obtaining information about the immovable property, provided they prove relevant.
It would be appropriate for them not to start their transactions without conducting research about the seller or companies, and not to work with individuals or companies that cannot prove that they are serious and reliable.
In case of any dispute about purchase and sale, the arbitrariness should be brought to the judiciary and lawsuits should be filed in Turkish courts. It is not possible for the Turkish Ministry of Foreign Affairs and foreign representatives to participate in the judicial process.
Restrictions on Buying a Property for Foreigners
Along with home-buying amenities for foreigners, there are also some limitations.
Any foreigner can buy only 30 hectares of Turkish land in total. Although land can be purchased in different cities, their total area should not exceed 30 hectares. The Council of Ministers can increase this amount to 60 hectares.
However, if this area of 30 hectares is more than 10 percent of the area of the district where the purchased land is located, 10 percent of the district land is taken into account as the upper limit of the land size to be purchased by foreigners.
In addition to this restriction, lands cannot be sold to foreign nationals in military areas and private security zones. If permission is obtained from the General Directorate of Land Registry and Cadastre, these individuals can rent houses in such regions.
When foreigners want to buy real estate in Turkey, the owner or authorized representative of the real estate must apply to the Land Registry Directorate.
Preliminary applications are made in the morning at the Land Registry Directorate by obtaining a sequence number.
Documents required for real estate sales to foreign nationals are as follows:
- Title Deed of the real estate
- ID document or passport with translation when necessary
- Obtaining the “Real Estate Fair Value Certificate” of the real estate from the relevant Municipality
- Compulsory earthquake insurance policy for buildings such as houses, workplaces.
- 2 photos of the buyer and 1 photo of the seller, taken in the last 6 months (Size: 6 × 4).
- If there is a party that does not speak Turkish, sworn translators should be available.
- In case of a transaction with a power of attorney issued abroad, the original or certified copy of the power of attorney with its translation.
- Residence permits issued by the relevant police departments of foreign nationals whose property purchases are subject to a residence permit.
Foreign citizens residing in Turkey can also apply for a real estate loan when buying if they wish it. To do this, they either have to go to the bank and apply personally or take a power of attorney on all the rights of a lawyer or any person affiliated with the bar.