In several countries, you get citizenship to buy real estate. The Turkish government has created the Turkish Citizenship program. As per the latest version of the citizenship program for buying a house in Turkey, foreign nationals, like the ex-pats and residents of the country, can buy property in Turkey, barring the military zones and the rural areas.

From April 2022, foreigners who buy a house or a property in Turkey of more than 400 thousand dollars are entitled to Turkish citizenship alongside their families. Turkey is a country with a vivid construction sector, and investing in property in Turkey is an excellent idea in many ways. Turkish Citizenship is open to foreigners that buy property in Turkey.

When you invest at least 400 thousand dollars in Turkish real estate, the foreigner and their family achieve the right to получить турецкое гражданство in nearly six months. It gives you a double benefit:

• Making a profitable investment
• Becoming a Turkish citizen by buying property in Turkey.

Additionally, you and your family get a three-year residence permit if you buy a property worth 650 thousand Turkish Liras. If you live in Turkey consistently for five years in the property you own, you can apply for Turkish citizenship. Also, you can live outside Turkey for just one year in these five years. Overall, the government wants to encourage people to live in Turkey.

Residence Permit for Foreigners Who Buy Property In Turkey

Foreigners that buy property in Turkey may also apply for a residence permit which gets extended for a certain amount of time. Moreover, they also get the right to a residence permit for their families. With a residence permit, children of foreigners may also look forward to getting higher education in Turkey. It is also meaningful for foreigners to go for a work permit alongside a residence permit to work in Turkey.

How can Foreigners Buy Property in Turkey?

Foreign nationals can go for real estate like residences, offices, land, field, and more in Turkey to respect restrictions that appear in the law. If a foreign national has to buy a land or field, they get obliged to inform the Ministry of Environment and Urbanism in 2 years regarding the building they need to build on that field or land.

Restrictions for Buying Property For Foreigners

As per the law, there are certain restrictions on buying foreigners’ properties, which you must keep in mind.

• On the whole, a foreign national can own 30 hectares of property in Turkey.
• A foreign national won’t be allowed to buy property in the security and military forbidden zones. You can rent a property in these zones if you get special permission.
• 10 % of the real area in every district is assigned for natural foreign persons where the private property gets located.
• Properties where legal authorities do not get what they want to purchase and properties or get notified as per the Ministry of Environment and Urbanism in 2 years. However, official authorities can wind up the properties purchased for building construction.

These restrictions do not apply to companies for legal entities that get established as per laws in their own countries.

Other Things to Consider

• Find out the procedure one needs to follow for buying a property.
• You need to make a simple application for your Land Registry Directorate. It is required for the sequence number to file a preliminary application at https://randevu.tkgm.gov.tr/.
• After your preliminary application, a date gets fixed for transactions between a seller and a buyer.
• Find out if there are any restrictions on the property, like a mortgage, lien, and other things.
• Access the right and complete information from your Land Registry Directorate.
• A residence permit is not required to buy property in Turkey.

The documents you need on the coveted day of transactions are as follows:

• Property’s title deed.
• Yoru passport and its copy. You also need a Turkish translation of the passport.
• “Property Value Statement Document” from a relevant municipality.
• An earthquake insurance policy for your house, office, and other things.
• Photos: One of the sellers, two of the buyer.
• If the buying foreigner can’t speak Turkish, one also needs a translator.
• Original or certified copy for transfer of power of attorney if the transaction is done through power of attorney abroad. There is also a need for a Turkish translation of a power of attorney.

Conclusion

Though the process of burying property In turkey is not so complex, it is better to be fully equipped for the same. That’s why it makes sense to go for professional consultancy companies to help you buy a property that allows your buyer. Therefore, you can get higher assistance from the consultancy companies, which help buy property.

Source: Plato Data Intelligence: Platodata.ai