Real Estate in Turkey Detailed Information About the Real Estate Law in

How and when was the announcement of real estate ownership law for foreigners in Turkey?
The Turkish government has made significant amendments to the Turkish Real Estate Law
regarding the conditions that must be met by foreign individuals wishing to own real estate in
Turkey by approving the law number 6302 on 05.05.2012, where they lifted some restrictions on
the ownership of foreigners. And provided some facilities in the conditions to be met by
foreign individuals wishing to own real estate in Turkey, with restrictions imposed on citizens of
some neighboring countries of Turkey.
The law of property ownership in Turkey does apply the principle of reciprocity
With this law, Turkey has given the right of property ownership to citizens of 183 countries
without being subject to reciprocity. The most important reason for issuing this law, which
opened the way for foreign investors to own real estate in Turkey, is to increase the desire of
investors to invest in the real estate sector. The most important part of this law is canceling the
reciprocity conditions for foreign investors. Thus, individuals from foreign countries are able
to buy a property in Turkey, although Turks are not allowed to own the property in those
countries to which those individuals belong. The principle of reciprocity is the rights and
privileges granted by one State to the nationals of the other State, and the same privileges and
rights are accorded to the nationals of those States.
Restrictions included in amendments to the law of real estate ownership in Turkey
This law imposes some restrictions on areas that can be owned by foreign individuals. According
to the law, the total of what foreign individuals own must not exceed 10% of the area space, and
the total space of land that can be owned by one person throughout Turkey should not exceed
30 ha Acres, The right to raise this area to 60 hectares is given to the cabinet, moreover, before
this law, spaces that can be owned by the individual did not exceed 2.5 hectares across the
county.
In addition, the amendments to the Ownership Law in Turkey have linked areas that can be
classified as military zones with the approval of the army chief of staff and the leaders they
represent, as well as with land that can be classified as special security zones, Where it is linked
to the approval of the state (province) where the property is located.
What about foreign companies established outside Turkey?
According to Article 35 of the Turkish Real Estate Law, foreign commercial companies, which
have the status of legal entities and are incorporated according to the laws of their country, can
own real estate in Turkey under special legal provisions (Tourism Marketing Law No. 2634,
Industrial Areas Law No. 4737, Oil Law No. 6326), And other business companies established
outside the country cannot own real estate in Turkey.
Turkish companies with foreign capital
According to article 36 of the law, if the company established in Turkey is foreign capital, and
individuals are foreigners, foreign legal entity or international corporation owns 50% or more of
the capital of this company or has the right to appoint and dismiss the majority of the