Real estate laws in Türkiye

 The most famous real estate law in Turkey is Article 35 of the Real Estate Registry Law, which provides for the cancellation of the reciprocity requirement for foreign investors wishing to buy any property in Turkey, knowing that this decision does not include the owners of Syrian citizenship, they cannot own a property in Turkey according to the reciprocity law, you will find in this article all the important details that you should know regarding Turkish real estate laws, whether you are a Turkish national or a foreigner. Follow us

The most famous real estate laws in Turkey

Due to the fame of the real estate market in Turkey in recent years, Turkey has become the preferred destination for investors interested in searching for apartments for sale in Turkey and buying apartments in Istanbul in particular, being the most attractive destination due to the advantages that the city enjoys, foreign ownership of real estate in Turkey is a big step that its owner must study the Turkish real estate market correctly and look at the ownership laws before entering the world of investment and real estate ownership. Among the types of real estate mobility and its laws:

Real Estate Inheritance Law for Foreigners

The laws of real estate inheritance in Turkey depend on the location of the property, that is, the law applies to real estate within the boundaries of Turkish lands, real estate and immovable property, while the laws of the deceased's country apply to his movable property only.

Turkey's real estate inheritance law stipulates that the wife inherits half of what the husband left and the other half goes to the children, where the shares of males and females are equal.

The first heirs are the children and the husband or wife, and if the deceased does not have children, the father and mother are determined as heirs of the deceased, and if the father and mother are not alive, his brothers also inherit it, while for the grandchildren, they are identified at the end of the list.

If there are no heirs for the deceased, all his property goes to the Turkish government, knowing that the Turkish government relies mostly on the official will of the deceased, if any, and then the inheritance is distributed after the discharge of the deceased as bank debts, installments or mortgage.

Documents required to transfer ownership of the property to the heirs:

• A family statement indicating the heirs and the degree of kinship of the deceased to be certified and translated into Turkish.
• A paper on the tax register in Turkey and obtaining tax numbers for all heirs.
• A valid passport and personal photos of the person to whom the nationality will be transferred.

 Real estate laws in Turkey, especially the real estate inheritance law for foreigners, are comfortable in reassuring foreign owners of real estate properties in Turkey.

Real estate appraisal law in Turkey:

The Turkish Ministry of Housing issued a decision in which the presence of a real estate expert is required and he is recognized by the Department of Ownership of the title deed whose task is to evaluate the price of the property, as this law protects investors from some weak souls who manipulate real estate prices and target the foreign investor specifically as he does not know the real value of the property.

This law is considered one of the most important real estate laws in Turkey, as the report of the evaluation committee is on the location of the property in the first place, where real estate prices in Istanbul vary according to the regions, each area has a specific price that varies according to its importance and the advantages in it, real estate prices in Sisli are the central area of Istanbul and are considered the highest price and differ from real estate prices in Beylikduzu as well, in addition to the total area of the apartment, as well as the age and type of construction, whether commercial or residential.

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Real estate ownership procedures in Turkey

There are several procedures that every person wishing to own a property in Turkey must take in order for the subject to be smooth and easy After choosing a suitable property, the following information must be ensured:

• Deed or title deed i.e. Tapu.
• Location statement and a copy of the location of the property in the municipality plan.
• The property number according to the municipality plan.
• There are no restrictions that hinder the sale of the property such as mortgages or inheritance issues.
• Extracting a tax number for the property.
• A copy of the passport translated into Turkish by a sworn translator certified by a notary public.
• Concluding a contract of commitment to sell, i.e. a preliminary sale contract in the presence of the notary public between the seller and  the buyer, and in English and Turkish.
• Review the real estate registry of the title deed department within 15 days of the issuance of the approval with the seller, and it is also preferable to have a sworn translator to ensure the validity of the data, the property number and its area.

It is necessary to take the previous steps and focus on them to take advantage of the  real estate laws in Turkey and conduct the ownership process legally.

Types of property that a foreign investor can acquire

There are several types of real estate that everyone can buy and invest in:

Residential Units in Turkey

They are apartments and villas where foreigners can easily buy apartments or villas in Turkey within all their options and varieties, whether in cash or even in installments, regardless of any purpose of acquiring the property, whether for housing or investment.

Shops & Stores

This type of real estate is preferred by most investors, whether the shop is within the shopping center or in the Turkish markets.

Existing lands and farms in Turkey

Where a foreigner is allowed to buy land in Turkey of all kinds, whether agricultural, to establish a specific factory, or to build on it, knowing that the land area should not exceed 30 hectares according to what is approved by real estate laws in Turkey.

Mega Projects

Such as malls, schools, hotels, buildings, malls, and other large projects.

Notes on buying a property in Turkey

After learning about the real estate laws in Turkey , there are several notes that you should pay attention to before buying any property in Turkey, including:

• It must be ensured that there are no restrictions or prohibitions about the required property, such as mortgage or any other obstacle that prevents the sale process, as these matters are inquired about from the Land Registry Directorate
• If the property purchase application from the state is rejected, an appeal or even an appeal can be filed at the regional office of the Land Registry Directorate in Turkey.
• There is no requirement for a residence permit in Turkey in order for the foreigner to own any property he desires within the conditions in Turkey
• A foreigner who wants to buy for the first time in Turkey and does not have any residence permit can apply for tax exemption.

Documents to be available when buying a property in Turkey

There are several files and documents that must be prepared when applying to buy a property in Turkey within the real estate laws in Turkey , namely:

• Obtaining the tax number of the property.
• The passport is translated into Turkish and certified.
• 2 personal photos size 4×6 cm and not older than 6 months.
• In the event that the property is under inheritance, the ownership of the property is automatically inherited from the foreigner to the husband, wife or children, if any.

In this article, we talked about real estate laws in Turkey, and the procedures that must be followed when buying any property with some important notes and documents that must be prepared when buying any property in Turkey, if you are one of those wishing to buy a property within the real estate laws, you can contact us Skyline Real Estate, we will answer all your questions and help you choose a suitable property

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