Real Estate in Turkey Can Iraqis buy an apartment in Turkey
Can Iraqis buy an apartment in Turkey?
Can they buy lands in Turkey?
What types of real estate can Iraqis own in Turkey?
What are the required procedures for the ownership process?
Frequently asked questions about the ownership of Iraqis in Turkey, we review the answers
in this article, and at the end, you can find new clip episode of the program "Real Estate is
the best decision" entitled Iraqis ownership in Turkey Prepared and presented by Abdullah
Al-Hammad CEO of Imtilak Real Estate.
Iraqi - Turkish relations
Iraq and Turkey are neighbors with historical, cultural and economic ties. The two countries
have sought to develop their relations since the Turkish recognition of Iraq in 1927 based on
their common interests, especially as these two countries share common borders and
common issues such as water and oil.
On the economic level, the two countries are associated with large-scale trade relations in
the form of Iraq's imports of Turkish goods in large quantities, making the crossing point
between the two countries one of the most important commercial areas in which Turkish
trucks enter Iraq on a daily and large scale. In contrast, Iraq exports its oil through a
pipeline the oil flowing through Turkish territory, for the common benefit of Iraq and Turkey.
Iraqi interest in the Turkish real estate market
The real estate market in Turkey is witnessing a high demand for apartments by Iraqi
citizens, who make up large segments to boost real estate investment in Turkey.
Some unstable conditions in Iraq have prompted thousands of Iraqis to seek safe
alternatives. Many of them have chosen to go to Turkey. Many Iraqis have decided to settle
and own real estate in Turkey because of the reception, hospitality, and sympathy shown by
Turkish society to Iraqi citizens.
Conditions for Iraqi Property Ownership in Turkey
Iraqis have the right to buy real estate in Turkey under the 2012 law. According to the
decision of the Council of Ministers related to the purchase of immovable property (real
estate in Turkey) by foreigners in Turkey, Iraq is among countries that allow its citizens to
own real estate in Turkey.
However, the Iraqis need to achieve certain conditions for the purchase of real estate in
Turkey; these conditions are: approval of the Ministry of the Interior and the Ministry of
Foreign Affairs of Turkey, and the Turkish land registry Department carries out these
procedures after submitting the required papers. It is not necessary for the Iraqi citizen to
undertake his own review of the Ministry of the Interior or the Turkish Ministry of Foreign
Affairs.
Properties that Iraqi citizens can own in Turkey
Iraqis are entitled to buy most of the properties in Turkey, including residential properties
such as Apartments, villas, along with commercial real
estate including shops, offices, stores, hotels, and buildings.