WHO CAN BUY PROPERTY IN TURKEY In previous years before 2012, Turkey had a strict reciprocity law in place which restricted many nationals from buying property in Turkey unless a Turkish national could in return, buy a home in that respected country. However in May 2012 a new law was implemented by the Turkish government which lifted a large amount of these restrictions and opened the Turkish property market to nationals of more than 129 different countries. Some rules still remain in place, such as real estate owned by a foreign national in a Turkish town can’t exceed 10% of the town’s land area and a foreign national can’t purchase more than 300,000sqm of land in Turkey without first acquiring approval from the ministry of interior in Turkey. Who can buy real estate in Turkey? We will break down the following lists of foreign nationals who can buy property in Turkey: Nationals of these countries cannot buy property in Turkey at all – Who can buy property in Turkey Armenia Syria North Korea Nigeria Cuba Yemen Restrictions are in place for nationals of the following countries to buy property in Turkey but can still buy real estate in Turkey China Jordan Israel Fiji East Timor Denmark Some regions in Turkey have restrictions for nationals of certain countries buying property in Turkey. However these nationals can still buy property in other regions of Turkey Russian and Ukrainian nationals can’t buy property along the Black Sea coast of Turkey. Greek nationals are not permitted to purchase real estate in the Black Sea coast and some Aegean districts of Turkey Nationals of the following countries CAN now buy property in Turkey The United Arab Emirates Saudi Arabia Lebanon Kuwait Azerbaijan Kazakhstan Turkmenistan Uzbekistan Kyrgyzstan Nationals of 31 countries have some restrictions on the type of property that they can buy in Turkey Morocco – no agricultural land permitted Egypt – no agricultural land permitted Latvia – no agricultural land permitted Afghanistan – no agricultural land permitted and they need special permission for other types of property Albania – can only buy residential property and office space in Turkey. No other type of property in Turkey permitted Nationals of the following nations need to obtain permission from the Ministry of Interior in Turkey before they can purchase China Iran Palestine Iraq India Foreign nationals of these following countries can buy property in Turkey without any special permissions being needed USA Germany Argentina Belgium Belize Benin Bosnia and Herzegovina Brazil Bulgaria Burkina Faso Burundi Chad Dominican Republic Estonia Republic of Cote D’Ivoire Finland France Gabon Gambia Guinea South Africa South Korea Georgia Croatia Holland United Kingdom Ireland Spain Sweden Switzerland Italy Canada Kenya Northern Cyprus Colombia Kosovo Libya Lebanon Luxembourg Mali Moldova Monaco Namibia Niger Norway Poland Portugal Peru Romania Serbia Slovakia
Posted on: Wed, 05 Nov 2014 09:47:45 +0000
Trending Topics
Recently Viewed Topics
© 2015