turkeyjane said:
We bought our house over 7 years ago when there was a brief window in the law, allowing foreigners to buy property in villages in Turkey. Can anyone explain the rules now? We are ready to sell, and need to understand whether we can sell direct to a foreigner, or if that's no longer possible, if there is a legal work-around.
Who can buy Property in Turkey?
Foreign nationals
Title Deeds Law article 35 states that foreign nationals can buy property in Turkey on the condition it is reciprocal and complies with legal restrictions.
Turkey has a reciprocal agreement for the purchase of property and land with a number of countries. What this means is that individuals who live in countries where Turkish nationals can buy land can, in return, buy land and property in Turkey. These countries include: United Kingdom, Germany, Australia, Austria, Belgium, France, Holland, Ireland, Spain, Italy, Canada, Luxemburg, Norway and Greece.
Foreign companies
According to article 35 of the Title Deeds Law, commercial companies having legal personality in foreign countries in accordance with the laws of those countries can buy property in Turkey under condition that they adhere to its laws, for example, the Encouragement of Tourism Act, the Industrial Zones Act or the Oil Act.
Foreign investors are subject to the same rights as domestic investors, and companies with foreign capital that establish in Turkey are considered in equal light to Turkish companies.
However, foreign charities, foundations or societies cannot buy property in Turkey.
Companies established by foreign investors
Legal companies established in Turkey by foreign investors can buy property or limited rights in rem in Turkey as long as they adhere to the operational intentions in the company’s Article of Association.
If the properties in question are then acquired by a Turkish company , or by foreign investors, the same rule applies.
Buying commercial Turkish property in military restricted zones, security and strategic zones by foreign legal companies established in Turkey is subject to the consent of the Turkish General Staff or military authority designated by General Staff. Buying Turkish property in special security zones is subject to the consent of the governor of the specific province.
Where and what type of property can foreigners buy?
Foreign nationals from countries where there exist reciprocities in relation to property purchase can buy property in Turkey in zones under an Implementary Development Plan or a Local Development Plan for use as a residential or commercial property.
Forbidden zones
Foreign nationals and commercial companies cannot buy land or property in Turkeys military, strategic and security zones.
The Council of Ministers may determine additional zones where building is prohibited for preservation purposes, for example, lands that are strategically important for energy, agricultural, mining, historical, cultural, biological or environmental reasons.
The Land Registry Office (TAPU) will check whether a property that is desired for purchase by a foreign national is within one of these forbidden zones. If the military authorities confirm that the property is outside the security and military zones, your application will probably be processed.
Military clearance can take a long time, so plan ahead and take the details of the TAPU office so you can check back and find out how the clearance is progressing.
Size restriction
The area of land that foreign nationals can own cannot exceed 2.5 hectares (25,000m²). However, this can be increased to 30 hectares with Cabinet approval.
Foreign nationals wanting to buy property in Turkey’s built up areas should bear in mind that the maximum area they can purchase cannot exceed 10 percent of the total area within the town’s Implementary Development Plan and Local Development Plan. The Council of Ministers has the authority to set a lower ratio, dependent on the town’s infrastructure, economy, environment, agriculture and security.
That is the legal framework for Turkey property ownership?
Prospective buyers of property in Turkey should check out Turkey’s Constitution, the relevant provisions of the Civil Code, the Title Deeds Act, the Foreign Direct Investment Act and legislation that enables foreign nationals or corporate bodies to buy property in Turkey.
List of countries, whose citizens can not own or buy property in Turkey
Afghanistan
United Arab Emirates
Bangladesh
Belarus - through setting up a company, costs around 2000-3000Euro
Bulgaria
Czech Republic
Dominican Republic
Ethiopia
State of Eritrea - Asmara
Ghana
Haiti
Iraq
Kampuchea
Qatar
Congo
Kuwait
North Korea
Cuba
Laos
Libya
Macedonia
The Maldives and Maldives Islands
Mongolia
Union of Myanmar – Burma
Nepal
Nigeria
Oman
Sierra
Leone
Somali
St. Lucia
Syria
Saudi Arabia
Tonga – The Tonga Islands
Vietnam
Yemen
However with above in mind "List of countries, whose citizens can not own or buy property in Turkey"
there is hopefully soon some changes being spoken about that restrictions on some middle east countries could be relaxed in early 2013