Before 2012, Turkey had a strict property law in place that confined many nationals from buying property in Turkey. Nevertheless, in May 2012, Turkish Government made a radical change in reciprocity law by lifting the restrictions and opening the Turkish real estate market to more than 129 different nationals. Please check below for who can buy property in Turkey.
With the new reciprocity law, there are still some restrictions which we believe it is not important for single home buyers. The regulation states that ”a foreign national is not allowed to acquire real estate in a Turkish town which exceeds 10% of the town’s land area. Furthermore, a foreign national is not allowed to buy more than 300,000 sqm of land in Turkey without having special approval from the ministry of interior.
Foreign Nationals of below-mentioned countries can definitely NOT purchase property in Turkey at all;
- North Korea
Foreign Nationals who have restrictions in place to buy property in Turkey but can still buy real estate in Turkey
- East Timor
There are restrictions in some regions in Turkey for nationals once buying property in Turkey. Nevertheless, these nationals can still purchase property in other regions of Turkey.
Ukrainian and Russian nationals are not allowed buying real estate along the Black Sea coastline of Turkey.
Greek nationals are not allowed buying real estate on the Black Sea coastline and some districts on the Aegean Sea coastline.
Foreign Nationals who have some limitations to buy real estate in Turkey
- Morocco – not allowed for agricultural land
- Egypt – not allowed for agricultural land
- Latvia – not allowed for agricultural land
- Afghanistan – not allowed for agricultural land and they need special permission for some other types of real estate
- Albania – Only allowed to buy residential properties and office space in Turkey.
Foreign nationals who CAN buy property in Turkey without any permissions being required
- Saudi Arabia
- Islamic Rebulic of Iran
- The United Arab Emirates
- United Kingdom
- Northern Cyprus
- South Africa
- South Korea
- Dominican Republic
- Burkina Faso
- Bosnia and Herzegovina
- Republic of Cote D’Ivoire