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 Post subject: Buying Property in Turkey
PostPosted: Mon Oct 31, 2011 4:46 pm 
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Joined: Fri May 20, 2011 10:52 pm
Posts: 10
Hello,

I am looking to buy a house in Istanbul. I am currently on a student visa and it has to renewed every 6 months.
My question is: If I bought a house or a piece of property in Turkey, will I be grated the right to reside here?
Can I apply for a permanent residency with documents proving that I own a property in Turkey? I hold an Egyptian passport.

If anyone has been in a similar situation, please advise!

Thanks,


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 Post subject: Re: Buying Property in Turkey
PostPosted: Mon Oct 31, 2011 8:08 pm 
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First of all we need to know which country exactly you are from.Some people do carry British passport but at same time they have Pakistani or Indian passport too.Turkey do not accept real estate sale to all countries.As a foreigner you can buy but Tapu Kanunu article 35 explains which citizens from which countries can buy a flat,land,house or other things.

Status change on your student status is a serious part.You should ask it to nearest Foreigners Department ( Police ).Having a house is %25 chance and having enough money is also %25 chance to have permanent residency in Turkey.The rest %50 is decision of Turkish state.

Still if you have enough money to afford your life in Turkey and plus your own house than %99 you will get your permanent residency.

As a non Turkish root you will have to wait 5 years to get Turkish citizenship.Until this time you will have to get 6 mont valid PR booklets every 6 month.


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 Post subject: Re: Buying Property in Turkey
PostPosted: Mon Oct 31, 2011 9:04 pm 
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Hi Aziz,

Thank you for your reply. I am from Egypt and I hold an Egyptian passport; I don't have dual citizenships!
Most Egyptians and Arabs in general are of Turkish descent but how can you prove that? And how will that help me buy a property here and get a residence permit?


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 Post subject: Re: Buying Property in Turkey
PostPosted: Mon Oct 31, 2011 9:44 pm 
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Hi,

Buy Turkish root I mean ethnic roots.Only people who are Azeris,Ahiska Turks,Gagauz Turks,Tatars,Turkmans,Kyrgyz,Uzbek,Kazak are in these category.Basicly you are out of this category.In general you can apply for long term residence permit.What you need is a sufficient amount of money to afford your life.A house will be very convincing.In Turkish it is called uzun sureli ikamet ( long term residence permit ).Comint to money part I think government wants proof of 300 USD per each month.

Also you dont have to buy a house from Istanbul.You can buy from other cities where prices are much profitable and life is better than Istanbul.


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 Post subject: Re: Buying Property in Turkey
PostPosted: Tue Nov 01, 2011 2:12 pm 
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I read somewhere that applying for a permanent residence in Turkey with your bank account is only reserved to A-class countries (US, EU, Canada, Australia) and NOT for any other nationality, regardless of your financial funds!

Is that valid?


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 Post subject: Re: Buying Property in Turkey
PostPosted: Tue Nov 01, 2011 3:21 pm 
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no there is no country classification when you apply for residence permit.plus its not permanent,its long term.there is no such thing called permanent residence in Turkey.even if a foreign female gets married with Turkish she gets maximum 1 year residence permit.

when you apply for residence permit you will face with some questions such as;

do you have enough money to afford your life in Turkey?
why you would like to stay in Turkey on long term period?


This is why I am saying buying a house will be much convincing.


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 Post subject: Re: Buying Property in Turkey
PostPosted: Sat Nov 12, 2011 5:17 pm 
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Is there an info number for Eminyet where I can validate that? In case I want to renew my residence (student visa) based on my bank account, any idea on the documents required?


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 Post subject: Re: Buying Property in Turkey
PostPosted: Sat Nov 12, 2011 5:36 pm 
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Çalışma Büro Amirliği
0212 636 18 74

İkamet ve Öğrenim İşlemleri Büro Amirliği
0212 636 18 74


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 Post subject: Re: Buying Property in Turkey
PostPosted: Mon Nov 14, 2011 5:09 pm 
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GUIDANCE FOR FOREIGN NATIONALS WHO WISH TO BUY IMMOVABLE PROPERTY (REAL ESTATE) IN TURKEY

is from http://www.mfa.gov.tr/guidance-for-foreigners.en.mfa to get more guide


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 Post subject: Re: Buying Property in Turkey
PostPosted: Tue Nov 29, 2011 7:42 pm 
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Posts: 62
Hi,
I am iraqi citizen with turkish root (turkman), my parents are turkish citizens since 3 years and my sister is also since 8 years, my family have a property in istanbul, im living in istanbul since 8 months with my parents without a residance permit, i applied for optaining a residance permit based on my familys citizenship but still waiting for the result from Ankara Emniyet, when i came to istanbul 8 months ago I've had asked about the posibility of getting a residance if i show money as i have enough money (around 100K USD :lol: )to get residance for 100 months based on showing a 1000 dolar for each month as mantiuned in emniyet's website :lol: but they said u r iraqi this rule is not for u :mrgreen: ....and for buying a property they said the same thing :D.
so i just want to say that its deficult for b country citizens to get residance permit in turkey even if they have money....
the best solution is to get married with a turkish girl :D
good luck


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 Post subject: Re: Buying Property in Turkey
PostPosted: Wed Nov 30, 2011 12:23 am 
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Hi There I'm not to sure regarding getting citisazanship . But what you could do is check out the Turkish embassy regarding this matter.

Hope this helps you !

Good Luck[/quote]

sorry but to check what with the embassy??? plus im inside Turkey so there isnt an embassy inside Turkey :!: :!:


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 Post subject: Re: Buying Property in Turkey
PostPosted: Mon Oct 21, 2013 7:37 am 
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well before buy property u know some Guidance for Foreigners.....

BUYING PROPERTY IN TURKEY: GUIDE FOR FOREIGNERS

This guide is prepared to help foreigners who wish to buy property in Turkey. However, this guide is not a substitute for professional consultancy services.

1. Legal Basis:

In accordance with the Article 35 of the Land Registry Law No. 2644, amended by Law No. 6302, which entered into force on 18 May 2012, the condition of reciprocity for foreigners who wish to buy property in Turkey is abolished.

Information on countries whose citizens can buy property and estate in Turkey can be provided from the Turkish Embassies/Consulates abroad and the General Directorate for Land Registry and Cadastre.

Persons with foreign nationality can buy any kind of property (house, business place, land, field) within the legal restrictions.

Persons with foreign nationality who buy property without construction (land, field) have to submit the project which they will construct on the property to the relevant Ministry within 2 years.

2. Format of the Contract:

According to the Turkish laws and regulations in force, transfer of ownership of a property is only possible with an official deed and registry which is signed at the Land Registry Directorates.

It is possible to sign a “sales commitment agreement” before a notary. However, legal ownership to the property do not pass with a “sales commitment agreement” or other kind of sales agreements to be signed before the notary.

3. Legal Restrictions for Foreigners in Buying Property:

a) Persons with foreign nationality can buy maximum 30 hectares of property in Turkey in total and can acquire limited in rem right.

b) Foreigners cannot acquire or rent property within military forbidden zones and security zones.

c) Persons with foreign nationality can acquire property or limited in rem right in a district/town up to 10 % of the total area of the said district/town.

d) Legal restrictions do not apply in setting mortgage for real persons and commercial companies having legal personality which are established in foreign countries.

e) The properties are subject to winding up provisions in following cases: (i) if the properties are acquired in violation of laws; ii) if the relevant Ministries and administrations identify that the properties are used in violation of purpose of purchase; iii) if the foreigner does not apply to the relevant Ministry within time in case the property is acquired with a project commitment; iv) if the projects are not materialized within time.


4. Application and Procedure:

Buyer should be from the country whose citizens can acquire property or limited in rem right in Turkey and meet the necessary conditions.

Application:

The owner of the property or his/her authorized representative should make a preliminary application to the Land Registry Directorate. (Preliminary applications are made before noon by taking sequence number)

If the preliminary application is incomplete, the file will be kept waiting.

Necessary Documents:

a) Tittle deed of the property or information on village/district, block, building plot, detachment.

b) Identification document or passport (Together with its translation).

c) “Property Value Statement Document” to be provided from the relevant municipality.

d) Compulsory earthquake insurance policy for the buildings (house, office, etc.)

e) 1 photo of the seller, 2 photos of the buyer (photos to be taken within last 6 months, 6x4 size)

f) (If one of the sides cannot speak Turkish) certified translator and 2 witness.

g) (If the power of attorney is prepared abroad) The original or certified copy of the power of attorney and its approved translation.

Information on powers of attorney issued abroad:

- Powers of attorney are issued by the Turkish Embassies or Consulates.

- If the power of attorney which is issued by a notary of a foreign country is certified according to The Hague Convention dated 5 October 1961 and if it bears “Apostille (Convention de La Haye du Octobre 1961)” in French, there is no need for an additional certification of the said power of attorney by the relevant Turkish Consulate.

- If the power of attorney is issued by a notary of a foreign country which is not party to The Hague Convention dated 5 October 1961, the signature of the said notary has to be certified by the relevant authority of the foreign country and then the signature and seal of the said foreign authority have to be certified by the Turkish Consulate in that country.

Financial Aspect of the Procedure:

a) Both seller and buyer have to pay the tittle deed fee, calculated according to the selling price which cannot be less than the “Property Statement Value” to be issued by the relevant municipality. (According to the Charges Law No:492, the title deed fee percentage for 2013 is % 2.)

b) Circulating capital fee which is determined locally has to be paid. (Maximum 70x2.5 TL for 2013.)

c) At the stage when the Land Registry Directorate inquires with the relevant military authorities whether the property is located within a military or special zone, circulating capital fee for the map prepared by the Cadastre Directorate has to be paid. (323 TL for 2013)



5. Other points to be noticed by foreigners who wish to buy a property in Turkey:



- The foreigner has to inquire with the Land Registry Directorate if there is any limitation on the property, such as mortgage, arrestment or any obstacle which prevents the sale of the property.

- If the application by the foreigner for buying a property is rejected, the act can be appealed to the relevant Regional Office of the Land Registry Directorate.

- It is advised that foreigners do not work with persons/companies who/which are not expert or reliable.

- Having a residence permit is not a condition for the foreigner who wishes to buy a property in Turkey. Likewise, buying a property does not grant the foreigner obtain residence permit in Turkey.

- If there is a disagreement between the sides on the sale of the property, the case has to be brought before the Turkish courts by referring to judicial authorities.



6. Acquisitions by Foreign Companies:



- Acquisition of property by the companies which are registered in Turkey is governed by the Article 35 of the Land Registry Law No 2644.



a) Foreign commercial corporations which are established according to the relevant laws of their countries of origin can acquire property and limited in rem rights within the provisions of special laws. These special laws are:

- Petroleum Law No. 6326

- Law on Encouragement of Tourism No. 2634

- Law on Industrial Zones No. 4737



b) No restriction is implemented in favor of the said commercial companies in establishing mortgage.



c) Other foreign corporations (i.e. foundation, association,…) cannot buy property and acquire limited in rem right.



7. Acquisition of Property by Companies with Foreign Capital:

The companies with foreign capital,

- If the foreign investors hold, individually or collectively, 50 % or more shares of the said company,

- If the foreign investors do not hold any share of the said company, but have a right to assign or remove the managers of the said companies on the condition that the said company has a legal personality in Turkey,



could buy property in Turkey in accordance with Article 36 of Land Registry Law No. 2644 and the “Decree on Acquisition of Property and Limited in Rem Rights by Companies and Corporations within the Context of Article 36 of Land Registry Law No. 2644”, dated 16.08.2012.

The Land Registry General Directorate has published a circular No. 2012/13 (1735) on “acquisition of property and limited in rem rights by companies with foreign capitals”


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 Post subject: Re: Buying Property in Turkey
PostPosted: Tue Oct 22, 2013 11:06 am 
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hello guys is it possible to buy property in Turkey by any non residential of Turkey


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