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ARTICLE · 30 OCTOBER 2018

Foreigners' Acquisition Of Immovable Properties In Turkey

Under the provisions of the Land Registry Law No. 2644, acquisition of an immovable property in Turkey is possible for foreign real persons and entities; however, there are also certain restrictions.

TurkeyReal Estate and Construction

Under the provisions of the Land Registry Law No. 2644 (the ¨Law¨1), acquisition of an immovable property in Turkey is possible for foreign real persons and entities; however, there are also certain restrictions. This informative note aims to provide the process of acquiring property by foreign persons and entities which also indicates the documentation required within the scope of the process.

Legal Grounds

As per Article 35 of the Law, foreign persons and entities are able to acquire immovable and to create limited rights in rem in Turkey by complying with the legal restrictions. Pursuant to the amendment brought by the Law No. 6302, the reciprocity requirement was abolished. Following the abolishment of the reciprocity requirement, the Law entitled the President of Turkey to determine on the names of the countries whose citizens can acquire real property and create limited rights in rem in Turkey.

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