Who Can Buy Real Estate Apartments in Turkey? Can I Purchase A Property in Turkey?
Turkey is a vast country with a giant economy, and that has led many foreign nationals wanting to move over here. If you’ve been asking yourself whether you can buy real estate apartments in Turkey? Then this article was written with you in mind.
The real estate industry is a sector of enormous interest due to it being one of the significant growing investment sectors in the country.
Turkey’s youth population is over Sixty percent (60%) of the Eighty-Four million (84million) people in the country. And this has enabled the increase in wealth growth and high demand for real estate properties making the industry an up-and-coming lucrative venture.
In 2012, the government of Turkey adopted new regulations governing nationals of which countries are allowed to own or buy apartments in Turkey and those who can not.
The following is the list of countries whose citizens are allowed to buy a real estate property in Turkey.
Citizens Who Can Buy Real Estate Property In Turkey:
Bosnia and Herzegovina
The Dominican Republic
The South Africa Republic
Citizens of Countries Who Can Not Buy Apartments In Turkey
Citizens of Countries Who Can Buy Real Estate Property In Turkey With Restrictions
Other countries whose citizens will require to get a permit from the Turkish interior ministry when acquiring agricultural lands are Iranians, Iraqis, and Palestinians.
Here are some legal restriction governing the purchasing of properties in Turkey by some foreign nationals;
The maximum number of land that can be purchased by a foreign national is 30 hectors.
A foreigner can’t buy a real estate property within a security or military zone.
Foreign nationals can acquire a maximum of 10% of land area in districts where private real estate properties are allowed.
Both nationals of Russia and Ukraine cant buy properties in the Black Sea territory of Turkey.
The Black Sea Coast and Aegean districts are areas Greek citizens aren’t permitted to buy real estate properties.
Nationals of Egypt, Latvia, and Morocco aren’t permitted to purchase agricultural lands.
Nationals of Albania can only purchase office spaces and residential properties. Apart from that, they aren’t permitted to buy any other type of property in Turkey.
Citizens of Afghanistan are required to get special permission from the interior ministry for any other type of property acquisition. They are also not permitted to buy agricultural lands.
If you’re someone looking to buy a real estate property in Turkey, then you must not delay it. Now is the best moment to make your move and own a modern, fully furnished property in Turkey.
We at Maximos Real Estate have some luxurious Real Estate Apartments in Turkey for sale at affordable prices that will blow your mind. All our real estate properties are of international standards and all entirely constructed by world-renowned construction firms.
If you are not confident as to whether you’re qualified to buy a house in Turkey, feel free to get in touch with us for assistance and clarities on how to buy a property in Turkey.