Can foreigners own properties in Turkey?
Can foreigners own properties in Turkey?
According to Turkish laws and regulations, Turkey is one of the countries that allows foreigners to own properties. This includes a variety of properties, such as apartments, villas, lands, and commercial real estate.
Regarding the nationalities restricted from owning properties in Turkey, they include Syria, North Korea, Cuba, Armenia, and Cyprus. This restriction is due to various reasons, ranging from reciprocity to international decisions and sanctions.
However, there are some ways for foreigners restricted from property ownership in Turkey to still acquire properties. One of these ways is by establishing a Turkish company and registering the properties under the company's name. Additionally, they can obtain Turkish citizenship through various methods, including marriage, legal residence, or direct bank investment.
Related Articles
Economic Transformations in Turkey According to American Expert Jim Rogers: Promising Investment Opportunities in Real Estate
With the new shifts in Turkey's economic policy, American investor and economic expert Jim Rogers indicated that Turkey has become an attractive point for foreign investments. These investments are not limited to commercial and industrial sectors but also extend to the real estate market, where improved investment climate enhances the attractiveness of real estate assets in the country.
Cancellation of Yeni Şehir Project in the Context of Istanbul Canal Project
The Eleventh Administrative Court in Istanbul issued a decision to cancel the Yeni Şehir project, which is a part of the extensive Istanbul Canal Project. This decision came in response to an objection filed by the Istanbul Metropolitan Municipality, pointing out that the project did not meet the required standards and specifications.
Enhancing the Cash Reserves of the Central Bank of Turkey: A Detailed Analysis of Recent Economic Developments
Economic experts point to a significant improvement in the net reserves of the Central Bank of Turkey, excluding swaps, noting the shift from negative to positive. President Recep Tayyip Erdoğan confirmed an increase of $44 billion in the bank's foreign exchange reserves over the past year, bringing the total to over $142 billion.
Comments (0)
You need to be logged in to comment