Rights for Real Estate Investors in Turkey

Real estate investment in Turkey reached its climax after the renaissance in 2019, as this investment proved successful and safe, so foreigners increased their interest in turkey real estate market , and the importance of knowing the laws and guarantees that protect their rights increased, and we present this article that introduces them to their rights to They move into the world of Turkish real estate with steady feet.

Citizens of 183 countries have the right to own property on Turkish lands, after Turkey abolished the principle of reciprocity with countries that do not grant the Turks the right to own real estate on its lands, and for considerations related to Turkish national security, a number of nationalities were excluded, including: Syrian, Armenian and North Korea.

Turkish citizenship through real estate investment:

The right to obtain Turkish citizenship must be one of the first and most important rights that attract foreign investors to Turkey, especially after the amendments that reduced the amount of real estate investing in turkey real estate to 250 thousand dollars, and increased the opportunity to obtain a Turkish passport of high importance, especially for those with heads Money who want to travel freely around the world.

Statistics confirm the continuous increase in the number of Turkish citizens through real estate investment until the end of 2019.

Obtaining real estate residency:

The real estate law guarantees foreigners who buy a property in Turkey, whatever its value, the right to obtain a real estate residence in Turkey for a period of one or two years, which can be extended as long as the property is in his name.

The holder of this residence is entitled to enter and leave Turkey freely whenever he wants without the need for a visa, as he is entitled to move between the Turkish states without consulting the authorities or requesting a travel permit, and he can also obtain health and education services free of charge or at symbolic prices in sometimes.

After eight years of real estate residence, the owner can apply for long-term residence in Turkey.

And the desire of foreigners to obtain real estate residence has increased after the government tightened the renewal of the tourist residency for foreigners, as it is the best option for those who want to reside in Turkey now.

Real estate inheritance right:

Ownership of real estate belonging to foreigners in Turkey after the death of their owners is transferred to their legal heirs, a matter that may occupy the mind of many who wish to own real estate in Turkey, and these are subject to the Turkish real estate inheritance law that does not differentiate between male and female and is considered the first will, as can The heirs have recourse to the Turkish judiciary and requesting recourse to the inheritance law of the country of the original owner of the property.

Real Estate evaluation Guarantee:

Turkish law guarantees the protection of foreign investors from fraud through the Real Estate evaluation Law, which obliges those who want to buy real estate in Turkey to issue this evaluation, which ensures that they get the real price of the property.

We have elaborated on the aims and methods of this evaluation through companies approved by the Turkish government in this article.

The right of acquisitioning the seller:

The seller of the property – the contractor – is subject to legal accountability for the defects of the property for a period of five years from its establishment, and the buyer has the right to be held accountable when finding a defect in the building that did not result in use. Claiming his right to a property free from defects, by returning the property to its owner and revoking the sale contract or repairing defects in the event that they are repairable, or replacing the property with another in the event that this option is available, and he can also demand financial compensation if the defect leads to additional losses .

The contractor must fulfill the promises he made in the real estate ads, and the customer can review it even in electrical parts as they are available with the type mentioned in the advertisement.

Your rights as a real estate owner in Turkey are guaranteed by law and protected by the state. Look for a trusted real estate agent and make sure you get the right property right away. Consult our experts for free ,  Call now. Consultation is free.