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ARTICLE · 06 APRIL 2006

Real Property In Turkey – Is It Real?

Hergüner Bilgen Üçer Attorney Partnership
Hergüner Bilgen Üçer Attorney Partnership
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Hergüner Bilgen Üçer Attorney Partnership

Hergüner Bilgen Üçer Attorney Partnership

Since 1989, Hergüner Bilgen Üçer has been recrafting the Turkish law firm model along modern...

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Our readers may recall that in our previous editions we had covered the increased interest of foreigners in acquiring real property in Turkey following the amendment to Article 35 of the Title Deed Law (“Title Deed Law”) with Law No. 4916 (“Law No. 4916”), removing many restrictions so as to facilitate the acquisition of real property by foreigners.

TurkeyReal Estate and Construction

Our readers may recall that in our previous editions we had covered the increased interest of foreigners in acquiring real property in Turkey following the amendment to Article 35 of the Title Deed Law (“Title Deed Law”) with Law No. 4916 (“Law No. 4916”), removing many restrictions so as to facilitate the acquisition of real property by foreigners.

According to Law No. 4916, there are two conditions for foreigners to acquire real property in Turkey: (i) reciprocity principle regulated under the Law on Reciprocity (Mukabelei Bil Misil Kanunu) and (ii) obligation to comply with the legal limitations as set forth under the Village Law, Law on Restricted Military Zones and Security Regions.

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