Law of Reciprocity

Law of Reciprocity - August 10, 2012

President Abdullah Gul approved, paving the way for the sale of property to foreigners Reciprocity Act, citizens of 183 countries from Turkey to receive the unconditional real estate.

Among these countries, the USA, Germany, England, France, Belgium, Italy, South Korea and Monaco's.

Regulation freeze Turkey's relations with Syria, Armenia, countries such as North Korea were excluded from the list of countries to receive the unconditional real estate.

Arrangement is expected to generate foreign investment boom in countries like China and Israel, "an abode" fetching limitation, Europe and the Arabs, was filled in the terms.

Law, Russia, Georgia, coastal and border cities of countries such as Greece and Bulgaria real estate in our country that can not be provided.

In addition, countries such as Iran and Iraq, acquire real estate with special permission; rich gulf is the capital of Saudi Arabia, the United Arab Emirates and Kuwait, as well as Azerbaijan, Turkmenistan, as well as reciprocity for the citizens of the country will not be searched.
Application of the principles of the law of reciprocity in May, the Parliament, the Council of Ministers approved two-month waiting list. According to the revised list, which is currently 53 countries have the right to acquire real estate in Turkey, the number of unconditional target of 129, while the 52 country-specific restrictions and conditions permit was introduced. Syria, Armenia, North Korea, Cuba, Nigeria and Yemen did not take place among 181 countries. The citizens of this country will not get to buy property in Turkey. Arrangement is expected to generate sales of real estate boom foreigners in China, Denmark, East Timor, Fiji, and is the point of breaking off relations with Israel was a residential restriction. Jordan can not be done in the two residential real estate sales and more than one workplace.

There are special circumstances

The most noteworthy aspect of the special requirements of regulation, while countries, Russia and Ukraine for the "Black Sea" in accuracy is preserved. Black Sea coast, but are not citizens of these countries acquire real estate. Greece, the "Coastal and border cities of merchantability and fitness" will be given the right to acquire real estate in Turkey. Greece brought before a special condition applied between the two countries continue to show that the secret reciprocity.

Barriers lifted

Saudi Arabia, the United Arab Emirates, Kuwait, and Lebanon with Arab countries is expected to come up in the future of Central Asia Turkish Republics removed the obstacles to acquisition of real estate in the capital. Azerbaijan, Kazakhstan, Turkmenistan, Tajikistan, Turkey, Uzbekistan and Kyrgyzstan citizens freely acquire real estate. Looked forward to the construction sector, particularly in Istanbul and Antalya decree before the Arabs started to deposit learned that in order to get the desired properties.

Restriction to 31 countries

Decree 31 countries just a piece of land, housing and workplace restriction was introduced. According to these criteria, Morocco, Egypt, Latvia, Afghanistan, and in some places the citizens of a small African countries, including Turkey, agricultural land, vineyard-garden to be the owner. Albanian citizens will not get the land other than the home and workplace.

16 countries have allowed for the interior

According to the regulation to be completed in the signature of the Council of Ministers of Iran, China, and India, among the Palestinian citizens of the 16 countries that will receive permission from the Ministry of the Interior in order to acquire real estate in Turkey. Iraqis will apply to the Ministry of Foreign Affairs before.

Have a limit of 10%

Reciprocity Law Decree of the Council of Ministers is expected to go through life. The law to be determined by the board of real estate sales to foreigners except for countries to certain conditions and limitations connected. Accordingly, foreigners gathered a total area of ​​real estates and limited real rights, 10 percent of the surface area of ​​town, across the country, the person can not exceed $ 30 per hectare. Foreign individuals and trading companies, the project will develop immovable unstructured purchased within 2 years to the approval of the relevant ministry has to offer.

Countries will be unconditionally real estate
United States of America
Bosnia and Herzegovina
Burkina Faso
Dominican Republic
Côte d'Ivoire
Republic of South Africa
South Korea

Ali Körükcü
Director-Real Estate Advisor
07 Antalya Villas Real Estate

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