Conditions for Foreigners to Buy Property in Turkey 2024

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2024-07-21

In recent years, Turkey has become a preferred destination for foreigners looking to invest in real estate. This is due to its unique geographical location, cultural diversity, and the economic and urban developments the country is witnessing.
In this article, we will detail the conditions for buying property in Turkey for foreigners in 2024, how foreigners can purchase property through a power of attorney, the main advantages and restrictions of this type of investment, and the required documents to complete the purchase process.

Conditions for Buying Property in Turkey for Foreigners 2024

When considering buying property in Turkey, there are some basic conditions that foreigners must adhere to ensure a smooth and legal purchase process.
Nationality: Foreigners from most nationalities are allowed to buy properties in Turkey, reflecting the country's openness and welcome to foreign investors. However, there are notable exceptions, as citizens of certain countries like Syria and Armenia are not permitted to own properties due to political and security considerations.
Type of Property: Turkey offers diverse opportunities for foreigners to own properties of various types, whether residential, commercial, or even agricultural land. However, there is a restriction regarding agricultural lands, where a foreigner is allowed to own up to a maximum of 30 hectares, ensuring balance in land use.

Location: Foreigners are not allowed to purchase properties in military zones or areas of strategic importance, such as locations near military bases or national borders. This restriction aims to protect national security and ensure that foreign investments do not conflict with Turkey's security interests.
Registration: To ensure the legality of the transaction and protect property rights, the property must be registered with the Land Registry Office, known as "Tapu." This registration is the final step to document ownership and officially transfer it to the foreign buyer, ensuring no future disputes.

Conditions for purchasing a property in Turkey through a real estate agency

A real estate power of attorney is a popular way to facilitate the process of purchasing real estate for foreigners who cannot be in Turkey in person. Conditions for purchasing a property through a real estate agency include:
1. Issuing a power of attorney: The foreign buyer must issue an official power of attorney at the Turkish embassy in his country or at a notary in Turkey.

2. Official power of attorney: The power of attorney must be addressed to a trusted person or an approved real estate company, and must clearly define the agent’s powers, such as signing purchase contracts and completing legal procedures.
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3. Translation of the power of attorney: The power of attorney must be translated into Turkish and authenticated by the competent authorities.

Conditions for Foreigners to Buy Property in Turkey

Advantages of Buying Property in Turkey for Foreigners

Foreigners enjoy many advantages when buying property in Turkey, including:
Obtaining Residence: Foreigners can obtain long-term residence by simply purchasing a property in Turkey.
Low Costs: Property prices in Turkey are considered reasonable compared to other European countries.
Investment Return: Properties in Turkey are continuously growing in value, providing a good investment return.
Cultural and Living Diversity: Turkey offers a culturally and living diverse environment, making it an ideal destination for living.
Main Restrictions on Buying Property in Turkey
Despite the many advantages, foreigners face some restrictions when buying properties in Turkey, including:
Location Restrictions: Properties cannot be purchased in military or strategic areas.
Land Size Limits: The area of agricultural land owned by a foreigner must not exceed 30 hectares.
Local Laws: Foreigners must comply with local laws and regulations related to property ownership.

Required Documents for Buying Property in Turkey for Foreigners

The required documents for buying property in Turkey include:
Passport: A translated and certified copy of the passport.
Tax Number: Obtainable from the tax office in Turkey.
Personal Photos: Two recent personal photos.
Sales Contract: A copy of the sales contract signed by the seller and the buyer.
Proof of Payment: Receipts proving the payment of the Land Registry fees and any other fees.
In conclusion, Turkey has become an excellent choice for foreigners looking to invest in real estate worldwide, thanks to its many advantages and provided facilities.
If you are considering buying a property in Turkey, Rumeli Real Estate Company provides you with all the support and assistance to complete the purchase process smoothly and safely. Do not hesitate to contact our specialized team to get the best offers and real estate services in Turkey.
Rumeli Real Estate Company is your ideal partner on your journey to owning property in Turkey.