Everyone has the right to own property. According to the Turkish Constitution, foreigners also have fundamental rights and liberties. Article 16 of the constitution states that there can be some legal limitations on the rights and liberties of foreigners consonant with international law. The president of the republic can specify the conditions such as acreage, qualification, amount etc. According to article 35 of the Deed Law, foreigners can obtain real estate in Turkey. There is some legal limitation to that, these will be explained below. Moreover, getting real estate can ensure obtaining Turkish citizenship in some ways.
The article 35 is stated that there is a difference between a real person and a legal person through obtaining immovable property. The contract for the transfer of ownership must be done in official form. Also, obtaining real estate is bound to registration on the land register according to Turkish Laws. After these, the limitations should be examined for foreigners who want to obtain real estate in Turkey.
- Who can apply this process?
- Foreigners who are a real person
- The foreign corporations that have the legal personality
- What are the legal limitations for foreigners to obtain real estate?
- The total area of the thing obtained should not exceed 10 per cent of the district’s acreage,
- It should be at least 30 hectares countrywide.
- If the land is structureless, the foreigner should present his/her project about the land to the relevant ministry in two years.
To sum up, it is accepted that foreigners can obtain real estate by following some regulations in Turkey. The obtainment is also possible by inheritance. However, the text is more about investment, that’s why it is more productive for foreigners who want to buy real estate in Turkey. This situation also gives an opportunity about obtaining Turkish citizenship.
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