Citizens of foreign countries can buy real estate in Turkey within the legal framework. However, some conditions and legal restrictions exist for foreigners to buy property in Turkey. In this article, we will touch on the issues foreigners should pay attention to when purchasing real estate in Turkey.
Things Foreigners Should Consider When Buying Real Estate in Turkey
The conditions for foreigners to buy property in Turkey are very important. There are some fundamental issues to be considered in this process. The first thing that the foreigner should pay attention to when buying real estate in Turkey is whether a situation will prevent the house from being sold, such as a mortgage or foreclosure.
Buying a mortgaged or foreclosed house can lead to a significant loss of rights. Information on this subject can be obtained from the General Directorate of Land Registry and Cadastre.
If the foreigner is going to carry out transactions with an intermediary company while buying a house, the reliability of this company is critical. Legal advice should be sought from a lawyer on this matter.
Foreigners do not need a residence permit to buying property in Turkey. This application may be rejected after the foreigner has applied to buy real estate in Turkey. In this case, the person can file an objection application to the Regional Directorate to which the Land Registry Office is affiliated.
As can be seen, there are many issues that foreigners should pay attention to when purchasing real estate in Turkey. If any of these issues are overlooked, it may cause irreversible errors. To prevent possible mistakes and to conclude the process in the desired way, you should get help from an experienced lawyer. You can get legal support for Real Estate Transactions in Turkey by contacting us to avoid negative situations in this way.
As Tunç Sudi Tol Mersin Law Office ®, we can professionally manage these transactions on your behalf.
Documents Required for Foreigners to Purchase Real Estate in Turkey
Foreigners who want to buy real estate in Turkey must first make an application to the Land Registry Office. The required documents can be listed as follows:
- Residence Permit Application Form
- Passport Copies
- 4 Biometric Photos
- Sufficient financial resources document for the period of residence
- Foreign Health Insurance
The above procedure must be followed completely. As Tunç Sudi Tol Mersin Law Office ®, we can professionally manage these transactions on your behalf.
We provide services to obtain a residence permit in Turkey. Our clients consist of international citizens and industrial organizations. In addition, our law office can offer assistance in English. You can contact us for our references and free consultation.