As per Article 35 of the Land Registry Law No. 2644, amended by Law No. 6302 which entered into force on 18th May 2012, persons with foreign nationality buying property in Turkey (of any type: house, business place, land, field) in Turkey, may do so, as long as they abide by the legal restrictions.
Persons with foreign nationality who buy a plot of land without any buildings constructed should submit the plans to the relevant Ministry within a period of 2 years.
According to the Turkish laws and regulations in force, the transfer of ownership of a property is only possible with an official deed and registry which is signed at the Land Registry Directorates.
It is possible to sign a “sales commitment agreement” before a notary. However, legal ownership of the property does not pass with a “sales commitment agreement” or other kind of sales agreement signed before a notary.
Legal Restrictions on Buying Property in Turkey
- Persons with foreign nationality can buy a maximum of 30 hectares of property in Turkey in total and can acquire limited in rem rights.
- Foreign nationals cannot acquire or rent property within military or designated security zones. Persons with foreign nationality can acquire property or limited in rem rights in a district/town up to a maximum of 10 % of the total area of said district/town.
- Legal restrictions do not apply in setting mortgages for real persons and commercial companies having legal personality which are established in foreign countries.
- The properties are subject to winding up provisions in the following cases: (i) if the properties are acquired in violation of laws; ii) if the relevant Ministries and administrations identify that the properties are used in violation of the purpose of purchase; iii) if the foreigner does not apply to the relevant Ministry within time in case the property is acquired with a project commitment to build; iv) if the projects do not materialize within time.