Turkish law applications are very simple and easing for foreigners to buy property in Turkey. With the right, which is expressed in certain laws, foreigners can buy property in Turkey and they can obtain a residency permit or Turkish Citizenship. However, some documents and procedures need to be fulfilled to buy property in Turkey. If all these steps are carried out correctly and completely, the desired property can be purchased without any problems. There are necessary details in Articles 35 and 36 of the Land Registry Law No. 2644, which concerns the purchase of real estate by foreigners.
What Foreigners Need to Know to Buy Property in Turkey?
Foreigners who want to buy apartment in Turkey must first find out which country’s citizens can buy a property in Turkey without needing a nationality document through the General Directorate of Land Registry and Cadaster. Afterwards, it is requested that the property to be purchased is not within the borders of the military security zone. These properties cannot be bought in any way. Details about such a property need to be investigated and found out if there are any obstacles. If there is no obstacle, the necessary procedures to buy property in Turkey are started.
Documents and Procedures Required When Buying a Property in Turkey
When starting the real estate purchase process, foreign nationals must first make an appointment to be able to transfer the title deed. This appointment can be made through the Land Registry Appointment System of the General Directorate of Land Registry and Cadaster. However, those who want can make an appointment by phone or online. Afterwards, some documents need to be prepared for the real estate sales process. Documents required to be prepared by those who want to buy property in Turkey are listed as follows: Various documents such as Tax Number, Compulsory Earthquake Insurance, Real Estate Appraisal Report, Real Estate Market Certificate, Real Estate Deed and translated ID are requested.
In addition to these, it should be known that the real estate appraisal report is a must. This appraisal report needs to be recorded in the online system of the General Directorate of Land Registry and Cadaster. However, if it is desired to act with the power of attorney, it is requested to have the original and certified copy of the power of attorney issued abroad. To buy a house in Turkey, all these documents must be complete and complete.
Important Things to Consider for Foreigners When Buying a Property in Turkey
Foreign nationals who want to buy real estate in Turkey should research the properties they will buy well. It should be investigated that the property to be purchased does not have any lien or mortgage that will prevent the sale. All these situations may prevent the sale. Another point to consider is to have a professional support from a reliable real estate brokerage firm. Those who want to buy property in Turkey are also required to file a lawsuit in the courts of the Republic of Turkey in case of a dispute between the parties during the sale of real estate. In addition to these, it should be known that the title deed fee is paid by the buyer and the seller as in %2 + % 2 to the land registry system via banks.
Can Foreigners Become Citizens After Buying a Real Estate in Turkey?
Many people who have the idea of buying a property in Turkey wonders about the answers to questions about whether citizenship can be obtained or not. Foreigners who buy a 250.000 USD worth of real estate in Turkey also have the right to obtain citizenship. Reaching or exceeding a 250.000 USD investment value and keeping the purchased property without being sold for 3 years creates the right of citizenship. Moreover, spouses and under 18 children of the investor can also get the Turkish Citizenship under the same investment.
