Compare Listings

Ownership in Turkey

Ownership in Turkey

In May 2012 a new law was implemented by the Turkish government which opened the Turkish property market to nationals of more than 129 different countries.

Some rules still remain in place, such as that which states real estate owned by a foreign national in a Turkish town can’t exceed 10% of the town’s land area and a foreign national can’t purchase more than 300,000 sqm of land in Turkey without first acquiring approval from the ministry of interior in Turkey.

Nationals of these countries CANNOT buy property in Turkey at all:

 

Armenia Syria North Korea Nigeria    

 

Restrictions are in place for nationals of the following countries to buy

Property in Turkey, but they can still buy real estate in Turkey:

 

China Jordan Fiji East Timor Denmark

 

Nationals of the following countries CAN now buy property in Turkey:

 

The United Arab Emirates Saudi Arabia Lebanon Kuwait Azerbaijan
Kazakhstan Turkmenistan Uzbekistan Kyrgyzstan

 

Nationals of this countries have some restrictions on the type of property that they can buy in Turkey:

 

Morocco no agricultural land permitted
Egypt no agricultural land permitted
Latvia no agricultural land permitted
Afghanistan no agricultural land permitted and they need special permission for other types of property
Albania Can only buy residential property and office space in Turkey. No other type of property in Turkey permitted

 

Nationals of the following nations need to obtain permission from the Ministry of Interior in Turkey before they can purchase:

 

China Iran Palestine Iraq India

 

Foreign nationals of the following countries CAN buy property in Turkey

Without any special permissions needed:

 

Argentina Belgium Belize Benin Bosnia Brazil Slovakia
Bulgaria Burkina Faso Burundi Chad Estonia Finland UK
France Republic of Cote D’Ivoire Gabon Gambia Germany Guinea USA
Georgia Dominican Republic Croatia Holland Ireland Spain Serbia
Sweden South Africa Switzerland Italy Canada Kenya Romania
Colombia South Korea Kosovo Libya Lebanon Mali Peru
Moldova Northern Cyprus Luxembourg Monaco Namibia Niger Portugal
Norway Poland

Related posts

Essential Steps to Buy Property in Turkey:

Do your research The Turkish property market is growing day by day. There are literally 1000's of...

Continue reading

The Legal Regulations & Taxes

In Turkey there are three types of taxes: Income Tax Income taxes in Turkey works in a way that...

Continue reading

Investment In Turkey

Turkey has undergone a profound economic transformation over the last decade and its economic...

Continue reading

Join The Discussion

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: