Turkey has been living a stable and secure life for two decades, and it seemed to be making remarkable progress in all fields, such as tourism and trade, the most important of which is the real estate market, which is witnessing a great revolution, and this is what made it one of the most important countries developed in recent times, and it has become a competitor to many foreign countries, and among With this in mind, many foreigners and Arabs who want to own property in a country other than their home country have gone to Turkey.
Therefore, in this article, we will provide an overview of real estate in Turkey, and what nationalities cannot own property in Turkey.
What is the principle of reciprocity?
The Real Estate Registry Law enables citizens of 183 countries in the world to own property in Turkey, with the aim of developing the country's economy and increasing investment on its territory, but there are some countries that cannot own property directly due to the principle of reciprocity, and this term is defined as a principle that defines privileges And the benefits or penalties granted by states to citizens, or official departments in a state, on the condition that they obtain similar privileges in return.
What countries are subject to the principle of reciprocity?
Syria - Armenia - North Korea - Cuba - Greek Cyprus.
What are the conditions for owning real estate in Turkey?
• The area is less than 30 hectares
One of the conditions for real estate ownership in Turkey is that the owned area does not exceed thirty hectares of real estate, or ten percent of the total area of the area, and the owner can conclude real rights in that area.
• Not to be within the restricted areas
In Turkey, there are some areas in which ownership is prohibited, and these areas are either security areas or military areas.
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What are the documents required to own a real estate in Turkey?
• Real estate registry document, with the real estate appraisal document.
• A personal photo of the buyer or official agency paper.
• Tax Number.
• A personal photo of the seller.
• In the event that the borrowing was made from the bank, documents that show this must be obtained.
• An earthquake insurance policy.
Advantages of ownership in Turkey for foreigners
• Obtaining real estate residence in Turkey
• Obtaining the opportunity to apply for Turkish citizenship, which qualifies you to obtain the strong Turkish passport globally.
• Facilitating many transactions by virtue of ownership.
• Opening the way for investors to link their investments between the inside and outside.
• A profitable return on investment if the goal of ownership is real estate investment in Turkey.
• Low living costs compared to European countries.
What is the method for obtaining the title deed in Turkey?
• Ensure that the title deed is recorded in the Land Registry
Registering the property with a legal title deed recognized in the real estate registry is a basic guarantee for preserving your rights to being the owner of this property, so before proceeding to complete the real estate transaction, it is preferable to make sure that the property title deed is duly recorded in the relevant departments, lest it be a real estate fraud.
• Ensure that there is no seizure, mortgage or confiscation of the property
This is done by reviewing the Tabo Department, and making sure that the property record is clean in the presence of a seizure or mortgage on it, or the existence of a confiscation decision or any other problem that may pose a danger to the transfer of ownership of the property from one person to another.
• Ensure that all papers and documents are completed
Before going to the Land Registry Department to confirm the ownership of your new property, you must make sure that all papers and documents are completed, which are: extracting the tax number – verifying the validity of the title deed information – completing the sale process in the presence of the buyer or his agent – paying the title deeds in Turkey.
