Purchase of Property in Turkey

Procedure:

1.First an appointment is made from General Directorate of Land Registry and Cadastre (randevu.tkgm.gov.tr);

Conditions to be met:

-Being within age limits of 18-65(1)

-Having citizenship of countries listed in Schedule-1(2)

-The surface area of the property must not exceed 30 hectares and also %10 of surface area of the district

Additional Condition:

-In event of purchase of a land the new owner must disclose the plans of the Project to the Council of Ministers

2.A document stipulating market priceof the property must be aquired from the City Hall;

3.A document stipulating the absence of any debt upon the property must be aquired from the City Hall;

4.Price of Circulating Capital and %2 Registry Fee must be paid to the parter Bank(3)

5.In event of purchasing a building mandatory Earthquake İnsurance must be bought

6.On the day of the appointment in the General Directorate of Land Registry and Cadastre the following documents must be presented: passport and a copy thereof, residence permit and a copy thereof(4), document stipulating the absence of any debt upon the property aquired from the City Hall, Earthquake Insurance; after which the whole process is concluded.(5)

Footnotes:

(1) Persons aged 65 and above can still make the purchase by presenting health certificate stipulating mental capacity to the General Directorate of Land Registry and Cadastre.

(2)Published by Council of Ministers Schedule-1 of citizens who are allowed to purchase property ia as following:

Afghanistan (Properties except      farm lands) Germany America Andorra Angola Antigua and Barbuda Argentina Albania(Only workplace and  living quarters   properties) Australia(Permit from Ministry of Interior is needed) Austria Azerbaijan Bahamas (Permit from Ministry of Interior is needed) Bahrain (Permit from Ministry of Interior is needed) Bangladesh Barbados BelarusBelgium Belize Benin United Arab Emirates Bolivia Bosnia and Herzegovina Beaucowna Brazil Brunei Darussalam Bulgaria Burkina Faso Burundi Algeria(Permit from Ministry of Interior is needed) Djibouti Chad Czech Republic People’s Republic of China(Only living quarters properties) (Permit from Ministry of Interior is needed) Denmark(Only  living quarters  properties) East Timor Dominica Dominican Republic Ecuador Equatorial Guinea Salvador Indonesia EstoniaMorocco(Properties except farm lands) Ethiopia Morocco Fiji(Only workplace and living quarters properties) Côte d’Ivoire

Philippines Palestine   (Permit from    Ministry of Interior is   needed) Finland France Gabon Gambia Ghana Guinea Guinea-Bissau Granada Guatemala GuyanaSouth Africa South Sudan Georgia Croatia India   (Permit from   Ministry of Interior is   needed) Netherlands Honduras(Only land and living quarters properties)(Permit from Ministry of Interior is needed) Iraq England(Permit from Ministry of Interior is needed) Iran(Only workplace  properties)(Permit from Ministry of Interior is needed) Ireland Spain Israel In Sweden Switzerland Italy Iceland Jamaica Japan Cambodia Cameroon Canada Montenegro Qatar Kazakhstan Kenya Kyrgyzstan Kiribati Colombia Comoros Republic of the Congo Republic of Korea (southern) Kosovo Costa Rica

Kuwait Turkish Republic of Northern Cyprus Laos Laseto Latvia Liberia Libya Liechtenstein Lithuania(Properties except  farm lands) Lebanon Luxembourg Hungary(Properties except  farm lands) Madagascar Macedonia Maleuy Malaysia Must Malta(Only living quarters properties)Marshal Isles(Properties except  farm lands) Mauritius Mexico Egypt(Properties except  farm lands)Micronesia(Properties except  farm lands) Mongolia Moldova Monaco Mauritania Mozambique Myanmar Namibia Nauru Niger Nicaragua Norway Central African Republic Uzbekistan Pakistan(Permit from Ministry of Interior is needed) Palau Panama Papua New Guinea Paraguay Peru Poland Portugal Romania Rwanda

Russia (Possible purchase of real estate located outside the Black Sea District) Samoa Sanmarino Sao Tome and Principe Senegal Seychelles Republic of Serbia Sierra Leone Singapore Slovakia Solomon Island Somalia Sri Lanka St. Kitts helps and Nevis St. Vincent the Grenadines Sudas Suriname(Properties except  farm lands)(Permit from Ministry of Interior is needed) Saudi Arabia Swaziland Chile Tajikistan Tanzania Thailand Togo Tongoi Trinidad and Tobago Tunisia Tuvalu Turkmenistan Uganda(Properties except          farm lands)   (Permit from Ministry of Interior is needed) Ukraine (It is possible to purchase real estate only for the purpose of use as a workplace) Oman Uruguay Jordan(Only 1 workplace and 2 living quarters properties) Vanuatu Venezuela Vietnam(Properties except  farm lands) New Zealand Cape Verdian Greece Zambia Zimbabwe

Citizens of coutries listed below are prohibited from purchasing property by decision of the Council of Ministers:

Armenia
Cuba
North Korea
Nigeria
Syria
Yemen

(3) TC Ziraat Bankası

İş Bankası A.Ş.

Halk Bankası T.A.Ş.

Yapı ve Kredi Bankası

Garanti Bankası A.Ş.

Şekerbank A.Ş.

Oyak Bank A.Ş.

Albaraka Türk Katılım Bankası A.Ş.

Türkiye Finans Katılım Bankası A.Ş.

Turkish Bank

(4)Those who do now own a residence permit and are making the purchase by procuration are obliged to present the letter of power signed and translated to turkish by notary

(5) Completion process = takes around 1-2 months