REAL ESTATE GUIDE

GUIDE TO REAL ESTATE ACQUISITION OF FOREIGNERS IN TURKEY

This guide has been prepared to help foreign nationals who wish to acquire real estate in Turkey.

However, this guide does not substitute the necessary professional consultancy services.
1.Legal basis:
On 18 May 2012 Law No. 6302, which entered into force with the law numbered 2644 35 different land.
Real estate acquisition of foreign real persons in Turkey
According to this principle, for real estate acquisition of a foreign country's citizen or trade company in
our country, the citizens and trade companies of the Republic of Turkey should also have the right to
acquire real estate in this foreign country and this right must be accepted by laws and must be practically
applicable.
Foreign natural persons, provided that they comply with legal restrictions in our country in terms of
quality of any immovable property (House, Office, Land, Crop) can obtain.
Real persons of foreign nationality are obliged to submit the project to be developed in real estate (land,
land) which they have purchased for two years to the approval of the relevant ministry (Municipality,
Provincial Directorate of Agriculture).
2.The Shape of the contract:
Transfer of real estate is possible with the official deed and registration to be signed by the land registry
offices according to the legislation in force in Turkey.
It is possible to sign a “sales promise contract” in the presence of a notary public. However, it is not
possible to acquire real estate property by signing a “sales promise contract” or an external sales contract
in the presence of a notary public.
3. Legal restrictions on acquisition of real estate by foreigners:
in case of establishing mortgage in Turkey in favor of foreign real persons and trading companies having
legal personality established in foreign countries according to the laws of these countries the conditions
and restrictions set out in first and second paragraphs shall not be applied.
B.according to the article 8 / E of the law for encouragement of tourism numbered 2634, foreign real and
legal persons who want to make investment for tourism objective in Turkey, can acquire real estate by the
decision of the council of ministers in tourism areas and centers being exempted from reciprocity
principle and restrictions formulated for foreigners.
This procedure has been abolished in 71 provinces that have completed military forbidden and security
zones measurement studies.
C.according to the article 8 / E of the law for encouragement of tourism numbered 2634, foreign real and
legal persons who want to make investment for tourism objective in Turkey, can acquire real estate by the
decision of the council of ministers
in case of establishing mortgage in Turkey in favor of foreign real persons and trading companies having
legal personality established in foreign countries according to the laws of these countries the conditions
and restrictions set out in first and second paragraphs shall not be applied.
e)acquired in violation of the provisions of the law; where it is used contrary to the purpose of the
acquisition, identified by the relevant ministries and administrations; the ministry concerned with the
project requirements within the period or within the agreed period on purchases unreferenced projects are
not put into practice; the liquidation of immovable property are subject to the provisions.
4. Application and method of implementation:
The recipient "in our country can acquire real estates and limited real rights to be citizens of countries
that the terms of the acquisition"are required to carry.
Reference:
The real estate owner or his authorized representative must make a preliminary application to the Land
 
Registry Directorate.
(Preliminary applications are usually made before lunch, by taking the sequence number in the
Directorate of Land Registry.)
 
If there is a deficiency in the pre-application conditions and the applicant is able to complete the pre-
application file is waiting.
 
Online Application:
The Slovak Republic and the Republic of Moldova http://turkiye.gov.tr General Directorate of land
registry and cadastre (General Directorate of land registry and cadastre) https://randevu.tkgm.gov.tr/) can
receive the sequence number from the appointment system. In addition, our citizens who call Alo 181 and
abroad can make an appointment with line 90312.593 99 00.
Documents required:
a)title deed document or Village/neighborhood, island, parcel, building, independent information,
B)identity card or passport (if necessary with translation)),
C) to obtain the "real estate Fair Value certificate"of the real estate from the relevant municipality,
D)for buildings (housing, workplace... etc.)) compulsory earthquake insurance policy,
e)1 copy of the seller, 2 photographs of the buyer (in the last 6 months, 6x4 size).
F) sworn translator if there is a party who does not know Turkish,
G)original or certified copy of the power of attorney together with the translation of the power of attorney
issued abroad.
Properties of power of attorney issued abroad:
- Power of attorney issued by the embassy or Consulate of the Republic of Turkey.
- The power of attorney issued by the foreign country notary publics, including the approved photograph
of the concerned person in the language of the country, according to The Hague Agreement dated October
5, 1961, and certified by the Turkish Embassy in the country of ratification, besides the French “Apostle
(convention De La Haye du octobre 1961)” phrase, such documents and power of attorney
- Furthermore, the signature and seal of this authority shall be approved by the Turkish Consulate at that
location by the authority to which the notary public is bound, in the power of attorney arranged by the
notary public of foreign countries not party to The Hague Convention dated October 5, 1961, including
the approved photograph of the notary public in the language of
Financial aspects of the transaction:
A) at the sale price not less than the "real estate market value"taken from the relevant municipality, both
the buyer and seller are paid the land registry fee. (According to the fees Law No. 492, the rate of land
registry is 2%.)
B) revolving fund fee determined locally is paid. (Up to 128 x 2.5 TL for the year 2019 )
C) the service fee for transactions that result in the transfer of ownership debt made in accordance with
Article 35 of the title deed law no.2644 shall be collected by the land registry office as an additional
amount to the revolving capital value determined during the transaction and for the transaction.(For the
year 2019: 598.25 TL)
5-other matters to be considered by foreigners who wish to acquire real estate in our country:
- Real estate, mortgages, foreclosures, etc. if there is a restriction, or if there is any situation obstructing
the sale of the real estate, the relevant Land Registry Directorate should be checked.
- In case of rejection of the application for acquisition of Real Estate, an objection application can be
made to the Regional Directorate of the Land Registry Directorate.
- It is recommended not to work with people or companies that are not known to be experts or
trustworthy.
- Foreigners are not required to obtain residence permit in Turkey.
- In case of any disagreement between the parties regarding the acquisition of real estate, the case shall be
transferred to the judicial authorities and a lawsuit shall be filed in the courts of the Republic of Turkey.
6-real estate acquisition of foreign legal entities in Turkey:
35 of the deed law numbered 2644. According to this principle, for real estate acquisition of a foreign
country's citizen or trade company in our country, the citizens and trade companies of the Republic of
Turkey should also have the right to acquire real estate
Companies established according to the repealed law numbered 6224 or that will act according to the law
numbered 4875 which is about the activities of foreign capital companies in our country, are considered
as companies of the Republic of Turkey, according to criteria of establishment place or administration
Center.) may acquire real estates and limited real rights within the framework of.
Restrictions are not applied in the property pledge facility in favor of these trading companies.
 
Legal entities other than foreign trade companies (foundations, associations)...) cannot acquire immovable
property and limited real rights in their favor can not be established.
7 - real estate acquisition of foreign capital companies in Turkey:
Real estate acquisition by foreign capital companies in Turkey, 36 of the land registry law numbered
2644. Real estates and limited real rights on real estates acquired contrary to the provisions of this article
or determination of misuse according to the purpose of acquisition without legal necessity shall be
converted to value and paid to owner of unless the real estates liquidated by the owner within the period
given by Ministry of finance.
Companies established according to the repealed law numbered 6224 or that will act according to the law
numbered 4875 which is about the activities of foreign capital companies in our country, are considered
as companies of the Republic of Turkey, according to criteria of establishment place or administration
Center. There are no restrictions on the acquisition of these companies.
In this context, according to the foreign capital ratio and the shareholding structure of the company
determined by the authorization certificates to be obtained from trade registry offices, the procedures for
application to the Provincial Planning and coordination Directorate of governorship shall be taken into

consideration in the context of the related regulation.