Purchase Procedure for Turkish properties , general information

Buying a property in Turkey is easy - Regulations - Laws Purchase of property in Turkey The law allowing the sale of property to foreigners was temporarily suspended in April 2008. Following ratification and signing by the Turkish Government on 4th July and approval by the President and publication in the Offical Gazzette on 14th July, Turkish Authorities have confirmed that foreign nationals will now be able to buy property in Turkey in line with the new act. A decree is now being passed to local deeds offices. Background Detail In real terms foreigners can only own up to a maximum of 2.5 hectares (25,000 m2) of land and property. Upon application the Council of Ministers may use its discretion to increase this threshold to a maximum of 30 hectares (300,000m2) providing this figure does not exceed a total of 0.5% of the land area of the province in question. Foreign nationals and foreign commercial companies are not allowed to buy property in strategic military and security zones in Turkey.

Please note that to purchase real estate/land in Turkey, conditions of reciprocity, complying with legal restrictions apply. In implementation of the reciprocity principles, it is essential that real estate acquisition rights given by a foreign country to its own citizens and to commercial companies established in foreign countries, according to the laws of these countries are also given to the citizens and commercial companies of the Republic of Turkey.

As detailed in the Turkish Embassy website, the United Kingdom and the Republic of Turkey have full reciprocity regarding real estate acquisition. Please access the Turkish Embassy website for more information. We suggest the published process at the left buttons in our listing when purchasing in Turkey

Private Financing a ready built property with the Turkish IS-Bank
(It has to be an agency of IS Bank in your home country, not in Turkey)

Terms and Conditions for financing your Turkish property: -

Financing is only possible for ready built homes with an official owner ship deed (Tapu) - the maximum sum of the financing is up to 80 % of the valuation report - there will be a charge of the land done by your bank - credit assessement before in your homecountry - Financing starts with 50 000 Euros - maximum for 10 years - fixed interest period 5 years - the property will be secured by a mortgage and a risk life insurance - the risk of the financing in Turkey will be absorbed with higher interests Foreigners are not allowed to take mortgages in Turkey by bank law. So it is possible also to ask your native bank about financing.