BUYING PROPERTY IN TURKEY: GUIDE FOR FOREIGNERS

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This guide is prepared to help foreigners who wish to buy property in Turkey. However, this guide is not a substitute for professional consultancy services.

Foreigners who meet any of the following conditions would be eligible to acquire citizenship under the new regulations.

  • Proven by the Ministry of Economy to have made a minimum of USD 2,000,000 of fixed capital investment
  • Proven by the Ministry of Environment and Urbanization to have acquired an immovable property worth a minimum of USD 1,000,000 with a title deed restriction of not to sell for at least three years
  • Proven by the Ministry of Labor and Social Security to have created jobs for at least 100 people
  • Proven by the Banking Regulation and Supervision Agency to have deposited at least USD 3,000,000 in banks operating in Turkey with the condition of not to withdraw for at least three years
  • Proven by the Turkish Treasury to have bought at least USD 3,000,000 worth of government bonds and provided they are not sold over the course of three years
  1. Legal Basis:

Access to Turkish citizenship has been eased for foreign investors with the amendments made to Turkey’s current citizenship law. The new regulations were published in the Official Gazette on January 12, 2017.

Information on countries whose citizens can buy property and estate in Turkey can be provided from the Turkish Embassies/Consulates abroad and the General Directorate for Land Registry and Cadastre.

Persons with foreign nationality can buy any kind of property (house, business place, land, field) within the legal restrictions.

Persons with foreign nationality who buy property without construction (land, field) have to submit the project which they will construct on the property to the relevant Ministry within 2 years.

 

Doing Bussiness – Investment – Buying Properties – Being Citizen 

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