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ARTICLE · 04 AUGUST 2011

Practical Information For Acquisition Of Real Estate By Foreigners

Gün + Partners
Gün + Partners
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It has recently been observed that there is a serious increase in the demand and acquisition of real estate by foreigners in Turkey.

TurkeyReal Estate and Construction
Gün + Partners
Gün + Partners
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INTRODUCTION

It has recently been observed that there is a serious increase in the demand and acquisition of real estate by foreigners in Turkey. Naturally, as in every country, there are some restrictions and rules regarding the acquisition of real estate by foreigners. In addition, there are some administrative regulations and procedures for the use of these acquired properties.

This work aims to be used as a guide in order to give general and practical information with respect to the conditions in acquiring real estate in Turkey by foreigners and what key issues one should pay attention to in the acquisition process.

Firstly, the required conditions for real persons and legal entities to acquire real estate are examined, the status of Turkish companies with foreign capital is explained, and the validity of acquisition/obtaining real estate and the issues to be paid attention to in the process are pointed out, respectively.

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