Real Estate Law Articles and News in Turkey

Citizenship through real estate purchase in Turkey

The granting of Turkish citizenship to foreigners who purchase at least $1 million of real estate in Turkey came to the fore again backstage of the international real estate Cityscape fair, which was held in Dubai and attracted great interest from foreign investors. Work to decrease the limit of real estate purchase has started, according [...]

By | 2018-02-08T09:55:52+00:00 February 8th, 2018|Real Estate|Comments Off on Citizenship through real estate purchase in Turkey

A New Law Eliminating VAT For Foreign Property Buyers In Turkey

Turkey’s parliament has approved an omnibus law which introduced an exemption of 18 percent of value-added tax (VAT) for foreigners who invest in real estate in Turkey. The law, which was passed by parliament late on Feb. 23, will also be applicable to Turks who live and work abroad for more than six months. Foreigners [...]

By | 2018-01-26T15:34:22+00:00 January 26th, 2018|Real Estate, Tax Law, Uncategorized|Comments Off on A New Law Eliminating VAT For Foreign Property Buyers In Turkey

Turkey: Acquiring Real Estate Of Foreign People In Turkey

Acquiring real estate of foreign real person and foreign legal person is ordered in the article 35 of Land Registry Law 2644. According to this; With the reservation of reciprocity and compliance with legal restrictions, foreign real person can acquire real estates, where falling under the real estate use or locality development plan in central [...]

By | 2018-01-26T15:34:34+00:00 July 2nd, 2015|Real Estate|Comments Off on Turkey: Acquiring Real Estate Of Foreign People In Turkey