The legal environment in Turkey has progressed in an investor-friendly fashion in recent years. Turkey offers some great opportunities for real estate investments.
The rules of the purchasing a property in Turkey as a foreign citizen is relatively relaxed compared to other countries. Previously, a foreigner could only purchase real estate in Turkey if their own country allowed Turkish citizens to purchase real estate there. From this aspect, The Land Registry law was affected by the reciprocity principle.
In 2012, the reciprocity principle has been removed by the new Land Registry Law. The new code allows many foreigners the opportunity to purchase real estate in Turkey. However, some rules still remain in place. There are some restrictions to purchase in Turkey as a foreigner;
Maximum 30 hectares across the country.
The foreigners can only purchase real estates in areas with less then %10 foreign property ownership.
Purchasing property by foreigners can be restricted for national security.
Foreigners cannot purchase any property located around military zones.
Don’t be concerned that you will miss something, we will review the all process to make sure that everything is in order.