The total value of the bank receipts evidencing payment must match the value of USD 250.000 taking into consideration the effective sale rate of the Central Bank of the Republic of Turkey applicable on the last business day preceding the date of payment. The values are given in the valuation report and the official [...]
It is possible to perform land registry procedures using the power of attorney issued by the Turkish Consulates abroad and the authorities competent to issue the power of attorney of the relevant country. However, the power of attorney must meet the criteria sought.
According to article 35 of the Land Registry Law No 2644, the list of the countries, whose citizens are eligible to acquire real estates in Turkey is not publicly available. It is possible to learn about the status regarding acquisition for the specific country in question from any directorate of ours.
Article 35 of the Land Registry Law No 2644 as amended by the Law No 6302 stipulates that “Natural persons of foreign origin, who are citizens of the countries as determined by the President, may acquire real estates and limited rights in rem, in cases where it is necessary for the country’s benefits and [...]
BUYING PROPERTY IN TURKEY: GUIDE FOR FOREIGNERS This guide is prepared to help foreigners who wish to buy property in Turkey. However, this guide is not a substitute for professional consultancy services. 1. Legal Basis: In accordance with the Article 35 of the Land Registry Law No. 2644, amended by Law No. 6302, which entered [...]
Turkey has reduced the limits for foreigners to acquire Turkish citizenship to encourage investment, according to new regulations published in the country's Official Gazette yesterday. Accordingly, foreigners who own real estate in Turkey worth a minimum $250,000, instead of a previous limit of $1 million, can now avail Turkish citizenship. Turkey's housing sales to foreigners [...]
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 [...]
