Owning any type of property is an investment. It is not necessary to be a citizen of the Republic of Turkey in order to buy immovable property. In other words, even if the person does not have a residence permit in Turkey, he can buy real estate. Turkish citizenship is granted to foreign nationals who purchase real estate worth at least $400,000 in our country.
The high promised earnings, the support of SakoLife and its advantages in many different aspects have made owning real estate in Turkey popular among foreign investors.
Legal restrictions on acquisition of real estate by foreigners:
A. Foreigners may purchase immovables to use as a workplace or residence in Turkey, provided that they comply with legal restrictions. However, even in different cities, the total area of immovables that a foreign person can purchase in Turkey cannot exceed 30 hectares.
B. It is also necessary to obtain permission from the military authorities in the region before foreigners purchase real estate. If the subject property is located within the security zone, it is important to clarify this issue before making the payment, since it will not be possible to sell to foreigners.
The unique beauty and attractiveness of the Mediterranean and Aegean coasts, natural beauties and historical values enable Turkey to host millions of guests every year.
Turkey is quite cheap compared to Europe and America with the increase in the quality of the health services sector. Having a real estate in Turkey, it is possible to benefit from health services at affordable prices.
In the applications of foreign national real persons to the relevant land registry directorates for the acquisition of real estate:
- Identity documents or passports,
- Residence permits issued by the relevant police directorates for foreigners whose immovable acquisitions are subject to a residence permit,
- In case they take action by proxy on the basis of the power of attorney issued from abroad, they are required to keep the original or a certified copy of the power of attorney along with their translation.
Before making sales contracts, matters such as whether the immovable is registered with limited real rights, whether it is mortgaged or whether there is any situation that prevents its sale, should be checked from the relevant Land Registry Office.
Foreigners who want to buy property in our country
- Not signing legally binding contracts and not making payments without obtaining information about the real estate in question at the Land Registry Offices, provided that they prove that they are related,
- It would be appropriate not to initiate transactions without researching the seller person or companies, and not to work with individuals or companies that cannot prove that they are serious and reliable.
In case of any dispute regarding the purchase and sale, the situation should be brought to the judiciary and a lawsuit should be filed in Turkish courts. It is not possible for the Turkish Ministry of Foreign Affairs and foreign missions to intervene in the judicial process.
