Purchase of Property in Turkey

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

Open chat