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ARTICLE · 17 DECEMBER 2015

Buying A House Or Property In Turkey

Bicak Law Firm
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In May 2012, Turkish Parliament passed a new law that enables foreigners to buy up to 300 acres of property which had previously been limited to 25 acres.

TurkeyReal Estate and Construction
Bicak Law Firm
Bicak Law Firm

NEW LAW

In May 2012, Turkish Parliament passed a new law that enables foreigners to buy up to 300 acres of property which had previously been limited to 25 acres. Council of Ministers may also double the 300 acres limit depending on national interest. According to the new law, the total sales of the properties can not exceed 10 percent of the district where the sale takes place. Also the principle of reciprocity is lifted which will pave the way for Arab capital to buy properties in Turkish soil. The new law eases restrictions on foreigners purchasing real estate in Turkey.

FINDING A PROPERTY

It is not necessary to use an estate agent to find and buy a property in Turkey. However, many buyers choose to do, so estate agents cater to the specific needs of foreigners and are aware of all the legal requirements.

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