In Turkey buying a property for foreigners is much easier than in other European countries. You can purchase properties in your own name if there is mutuality between Turkey and your country.
Foreigners are not allowed to buy properties under the conditions below
- If the region is within a military zone
- If the region is not under management of a municipality (this law has changed recently , so foreigners are allowed to buy properties in villages also)
- If the buyer has a serious criminal record
- If there is no mutuality between Turkey and your country
- Decision of the Council of Ministers is required for buying a property bigger than 30 hectares.
There is mutuality between Turkey and the countries below :
1. ANDORRA
2. ARGENTINA
3. AUSTRALIA
4. AUSTRIA
5. BAHAMAS
6. BANGLADESH
7. BARBADOS
8. BELGIUM
9. BELIZE
10. BENIN
11. BOLIVIA
12. BOSNIA-HERZEGOVINA
13. BOSTWANA
14. BRAZIL
15. CAMEROON
16. CANADA
17. CAPE-VERDE
18. CENTRAL AFRICAN REPUBLIC
19. CHILE
20. COLOMBIA
21. COSTA RICA
22. COTE D'IVOIRE
23. CROATIA
24. DENMARK
25. ECUADOR
26. EL SALVADOR
27. ENGLAND
28. ESTONIA
29. FINLAND
30. FRANCE
31. GABON
32. GERMANY
33. GHANA
34. GUINEA
35. GRENADA
36. GUATEMALA
37. GUYANA
38. HAITI
39. HONDURAS
40. HUNGARY
41. IRELAND
42. ISRAEL
43. ITALY
44. JAMAICA
45. JAPAN
46. KOREA,SOUTH
47. LATVIA
48. LIECHTENSTEIN
49. LITHUANIA
50. LUXEMBOURG
51. MALAWI
52. MALAYSIA
53. MALI
54. MALTA
55. MAURITANIA
56. MAURITIUS
57. MEXICO
58. MONACO
59. MOZAMBIQUE
60. NETHERLANDS
61. NEW ZEALAND
62. NICARAGUA
63. NIGERIA
64. NORWAY
65. PANAMA
66. PARAGUAY
67. PERU
68. PHILIPPINES
69. POLAND
70. PORTUGAL
71. SAN MARINO
72. SENEGAL
73. SINGAPORE
74. SOMALIA
75. SOUTH AFRICAN REPUBLIC
76. SRI LANKA
77. SPAIN
78. SWAZILAND
79. SWEDEN
80. SWITZERLAND
81. TANZANIA
82. THE REPUBLIC OF DOMINIC
83. TURKISH REPUBLIC OF NORTHERN CYPRUS
84. UNITED STATES OF AMERICA
85. URUGUAY
86. VENEZUELA
87. YUGOSLAVIA(SERBIA-MONTENEGRO)
There is no mutuality between Turkey and the countries below :
1. AFGHANISTAN
2. ALGERIA
3. ARMENIA
4. BAHRAIN
5. BURMA
6. CAMBODIA
7. CUBA
8. CZECH REPUBLIC
9. ERITREA
10. ETHIOPIA
11. FIJI
12. ICELAND
13. INDIA
14. INDONESIA
15. IRAQ
16. KOREA,NORTH
17. KUWAIT
18. LAOS
19. LIBYA
20. MALDIVES
21. MONGOLIA
22. NEPAL
23. NIGER
24. OMAN
25. PAPUA NEW GUINEA
26. QATAR
27. SAUDI ARABIA
28. SLOVAKIA
29. SUDAN
30. SURINAME
31. THAILAND
32. TUNISIA
33. UNITED ARAB EMIRATES
34. VIETNAM
35. YEMEN
The demands of citizens of countries that are not involved in the lists above , will be confirmed by consulting the General Directorate.
An application needs to be submitted to the Local Land Registry Office. After completion of all necessary searches and checks, the title will be transferred to the name of new owner.
Both, buyer and seller must go to the land registry office and sign in person. It's possible for purchaser or seller to give power of attorney to a third party whom they trust (this needs notorization) so all necessary paperwork can be completed and documents can be signed, even if the purchaser is not in Turkey . This is the most common way that is used by foreigners.
TAXES
There is a purchase tax for both buyer and seller. This is levied at 3% of the declared value of the property on the title deed. This tax payment is made at the time of deed transfer.
The property owners have to pay annual taxes to the municipality which costs 0.3 %. All properties are subject to re-evaluation every year for tax purposes by municipalities.
Properties may be sold or rented out and proceeds may be transferred out of Turkey.