Whether you are looking for a permanent residence or a holiday home, Turkey is a great place to invest for foreigners. Foreigners who decies to make to move of buying a House from Turkey should learn about the requirements.
As a non-resident of Turkey, if you want to acquire a house in Turkey, there are a few things to keep in mind when it comes to legal matters. We are here for your best experience.
This is the documentation to help you understand what you’re looking for. Here’s a simple guide on where to start;
Advantages To Buy a House From Turkey For Foreigners
For people who wants to buy a House in Turkey should know these advantages. With its spectacular history, culture, nature, and climate, Turkey has been one of the most desired destinations of the world for many people over the years. These characteristics for leading a healthy and happy life are now much more important than ever. Especially in this era of safely living through a global pandemic. However, it can be stressful to make a big move to another country. Especially if you don’t know the language or where you are going to live.
The Gates Of Citizenship is Open to Foreigners Who Buys a House in Turkey.
Citizenship for buying a house is for foreigners who buy real estate in Turkey is starting from at least 250 thousand dollars. The foreigner himself/herself and his/her family will have the right to Turkish citizenship. Just within three to six months when they decide to Buy a House in Turkey.
You can get 3 years residence of a permit for yourself and your family. Just by buying property for 650 thousand Turkish Liras and more. Thus, you will have the right to apply for Turkish citizenship if you live in Turkey uninterruptedly for 5 years in the property you have bought.
So really, How do Foreigners Buy a House from Turkey?
What should foreigners do when they buy a House in Turkey?
Foreigners who buy a property in Turkey can get a residence permit provided that it is extended in certain periods, they also have the right to get a residence permit for their families as well. With this residence permit, children of foreigners can get their education in Turkey. It is easier for foreigners with a residence permit to find a job and it is easy for companies to get a work permit.
Foreigners can buy real estate such as residences, offices, lands, fields, etc, in Turkey provided that they respect the restrictions specified in the law. If the foreign person is to buy a land or field, he/she is obliged to inform the Ministry of Environment and Urbanism within 2 years about the type of building to be built on that land or field.
What are the restrictions in purchasing property for foreigners?
These are the restriction to be careful when you buy a house in turkey;
In accordance with the related law, following restrictions apply to purchasing property by foreigners:
A foreign national can buy maximum 30 hectares of property in Turkey in total.
A foreign national cannot buy property in military forbidden zones and security zones.
Renting a property in these zones is only possible with special permission.
Foreign real persons can buy property up to 10% of the total area of the district where private property is located.
Properties that are determined by legal authorities not to be used in accordance with the purpose of purchasing and properties which are not notified to the Ministry of Environment and Urbanism within 2 years.
For companies with the legal entity which are established in accordance with the laws in their own countries, abovementioned restrictions shall not apply.
Buying a House from Turkey is really profitable and a long-term investment. ROI rates are really high in Turkey and this makes buying a House in Turkey a great option for your life.
What is the procedure to be followed when Buying a House from Turkey?
A preliminary application should be made to the Land Registry Directorate. It is required to take a sequence number for the preliminary application. For this, you can call 181 or make an application at https://randevu.tkgm.gov.tr/.
Following preliminary application, a date is determined for the transfer transactions between the seller and the buyer.
Following documents to be prepared within the day determined for foreigners who want to buy a House in Turkey:
Title deed of the property.
Passport of the foreigner who will buy the property and photocopy of the passport (Turkish translation of the passport may be required)
“Property Value Statement Document” to be provided from the relevant municipality
Compulsory earthquake insurance policy for the buildings such as house, office, etc.
1 photo of the seller, 2 photos of the buyer.
Certified translator if the buying foreigner cannot speak Turkish.
If the transfer transaction is carried out with a power of attorney prepared abroad, the original or certified copy of the power of attorney. (Turkish translation of the power of attorney is required).
Other Points to Be Taken into Consideration when Buying a House from Turkey
You must learn if there are any restrictions on the property such as mortgage, lien, etc.
Residence permit is not required when buying a property in Turkey.
These are some of the important subjects to answer before anyone makes the move of; buying a house in Turkey.
Working with professional consultancy companies specialized in buying property will always be in favor of the buyer. For that reason, we offer our expert private consultancy services. Just for your best experience. Decided to Buy a House from Turkey? We got you covered. Contact us to learn more about our services and how we can help. We are the best options that come to mind when you decided to buy a house in Turkey.