Laws and regulations in Turkey are very flexible, unlike many countries of the world, and this is precisely what made it a destination for anyone looking for real estate for sale, whether for housing and stability or for real estate investment.
After the decision issued in 2012 AD canceling the reciprocity law, all foreigners around the world can buy and own real estate in Turkey, except for only five nationalities.
In this article, you will learn about the nationalities that Turkish law prevents from buying real estate in Turkey, and we will also indicate the most prominent reasons for the impediment.
We wish you a useful reading.
Take a look at the nationalities prohibited from buying real estate in Turkey:
Syrian.
- North Korean.
- Cuban.
- Cypriot(Greek Cyprus).
- Armenian.
Through the following paragraphs, you will be able to learn about the reasons that prevent holders of these nationalities from buying real estate in Turkey.
1 - The reasons that prevent Syrians from owning real estate in Turkey:
What prevents a holder of Syrian citizenship from buying real estate in Turkey are old reasons dating back to 1938 AD, when a decision was issued to confiscate all Turkish property in Syria due to the annexation of Hatay province to Turkish territory and the withdrawal of the French mandate from it.
This agreement, although it is very old, is still valid, and according to it, everyone who holds Syrian citizenship is prohibited from buying a property in Turkey.
You may wonder about the possibility of repealing this law in the future or in the near future? With the recent crises witnessed by the Syrian state and the choice of its residents to move to Turkey for residence and stability because of its proximity and the convergence of the two countries’ borders with each other, this may make a difference in making decisions, and the Turkish government may issue a decision allowing them to buy real estate.
If the Turkish state allows Syrians to buy real estate in Turkey, the benefit will prevail on both Turkey and the Syrian citizen. The impact of this on the Turkish economy cannot be overlooked.
2 - What prevents a Cypriot holder from buying a property in Turkey?
Not everyone who holds Cypriot citizenship is prevented from buying real estate in Turkey, but only those who belong to Greek Cyprus, and the reason for this is an old dispute between the two countries that is nearly a century old.
But will this ban remain forever, or is there a possibility to lift it? The ban will be removed for sure if the reasons for the dispute are removed.
3 - What prevents Armenian citizenship from owning property in Turkey:
Among the most prominent reasons that prevent holders of this nationality from buying real estate in Turkey are the wars and conflicts between the two countries, in addition to the historical disputes and disagreements whose effects still remain today.
In this regard, we must point out that it is not expected that the ban will be repealed or that those who hold Armenian citizenship will be allowed to own property in Turkey during the coming period.
As for the Cuban state and North Korea, what prevents them from buying real estate in Turkey are the international sanctions that have been imposed on them, and this prompted Turkey to abide by these laws.
You may be wondering if there is a way for someone who is prevented by Turkish laws from buying real estate in Turkey to enable him to do so?
Whoever holds one of the nationalities that we mentioned above can buy a property in Turkey in one case, which is to obtain Turkish citizenship first, and therefore it will be like any Turkish citizen. One of the provisions stipulated by Turkish law is that whoever holds this citizenship will obtain all the rights enjoyed by the citizens of this country.
Advantages of owning real estate in Turkey:
Through the following paragraph, we will show you the most important advantages and advantages of buying real estate in Turkey, which encourage foreigners around the world to take this step and choose it without other countries in the world.
1 - Real estate prices in Turkey are considered appropriate and relatively cheap if they are compared with real estate prices in other countries, especially European countries.
2 - When you buy a property in Turkey, you can obtain a real estate residence permit, which is one of the most important residences in Turkey.
3 - You can apply for Turkish citizenship if the property value is not less than two hundred and fifty thousand US dollars.
4 - Real estate in Turkey is characterized by high quality and conforming to international standards, and (residential complexes) are one of the most important and prestigious options in this country, and according to some studies conducted on this subject, it was found that it is the most sought after.
Do not forget that all the data in our hands indicate one thing, which is that Turkey is an ideal and exemplary environment for real estate investment, where with a small amount of money you can buy a property and invest it. The following points are the most important elements for the success of this investment:
- Turkey's booming economy (it has outperformed many economies of the world).
- Political stability is in contrast to many countries of the world, especially Arab countries.
- There are expectations that real estate prices will rise significantly in the coming period.
- Ease of real estate ownership procedures in Turkey.
- Government support such as tax reduction and exemption.
- Providing guarantees to the investor, such as the real estate appraisal document (determining the value of the property accurately).
In this article, we have provided you with everything related to the nationalities that Turkish law prevents from owning real estate in Turkey, and you should know that there are no fixed laws and are likely to change in the future.
You can visit our website to get all the new information you are looking for about the real estate market in Turkey because we are always up to date with all events.
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