Who can buy property in Turkey?
Turkish real estate reciprocity law dictates who is allowed to purchase in Turkey and who isn’t. In May 2012, the law was amended, allowing a total of 129 countries to buy property in Turkey. There are also those who are not permitted to buy and there are some limitations that affect citizens of all countries.
General rules for foreign nationals:
- You cannot buy more than 10% of a town’s land area
- You are not permitted to buy more than 30 hectares (300,000 square metres or 74 acres) without approval from the Turkish Ministry of Interior.
- If a foreign national, individual or a corporate entity buys land in Turkey with a view to developing it, then they need to submit plans for approval within two years of purchasing it.
Rules for specific countries:
Citizens of the following countries can’t buy property in Turkey:
Armenia, Cuba, Nigeria, North Korea, Syria, Yemen
Citizens of the following countries CAN buy land/property in Turkey, but there are restrictions as to how much:
China, Denmark, East Timor, Fiji, Israel, Jordan
Citizens of the following countries can buy property in Turkey, but not in certain areas:
– The Black Sea coast of Turkey is restricted to Russian and Ukrainian citizens
– Greek nationals are not allowed to buy property in the Black Sea coast and some Aegean districts of Turkey
After May 2012, the citizens of the following countries can buy property in Turkey – previously they could not
Azerbaijan, Kazakhstan, Kyrgyzstan, Kuwait, Lebanon, Saudi Arabia, Turkmenistan, The United Arab Emirates, Uzbekistan