Nationalities cannot own real estate in Turkey

In this article, we will shed light on some nationalities that cannot own real estate in Turkey and what laws affect these nationalities

There are some restrictions and challenges that some nationalities face with regard to owning real estate in Turkey, as regulatory laws and policies have been decided that limit the right of some to own real estate in the country, in this article we will shed light on some nationalities that face restrictions in owning real estate in Turkey and we will talk about the reasons and criteria that govern these restrictions, and understand the specific laws that affect the rights of investors and tourists of these nationalities and if you belong to one of these nationalities or would like to know more about the challenges that you may face when buying a property in Turkey, this article will provide you with basic and useful information.

5 nationalities cannot own real estate in Turkey

Here is a list of five women who cannot own real estate in Turkey:

Cypriot citizenship

Restrictions have been applied to the right to own real estate in Turkey for holders of Greek Cypriot citizenship as a result of the Greek-Turkish dispute over Cyprus and its division into northern Turkish and Greek regions and this ongoing dispute between the two countries has led to the Turkish government imposing restrictions on Greek Cypriot citizens and preventing them from owning real estate in Turkey.

However, it must be emphasized that Turkish Cypriot citizens have rights to own real estate within Turkish territory without any restrictions, thanks to the Turkish government's measures that facilitate this process for Turkish Cypriot citizens.

Syrian nationality

In 1939 a referendum was held in Hatay Province, and Iskenderun was annexed to the Turkish government as a result and at the same time, the French Mandate confiscated many of the properties of Turkish citizens in Syria, since then the political dispute arising from this matter has continued to this day, and this prompted the Turkish government to take a decision to prevent Syrian citizens from owning real estate in Turkish lands.

However, we must mention that there is another way for a Syrian citizen to obtain the right to own real estate in Turkey, which is to obtain Turkish citizenship and we must point out that the number of Syrian citizens inside Turkish territory is constantly increasing, and this may lead to a change in the possibility of Syrian citizens owning real estate in Turkey in the future.

North Korean nationality

A decision has been implemented by the Turkish government that prevents North Korean citizens from owning real estate in Turkey, in response to the international sanctions imposed on North Korea, and the Turkish government is committed to implementing this decision.

Cuban nationality

As for Cuban nationality, a similar decision was taken by the Turkish government to prevent Cuban citizens from owning real estate in Turkey, in line with the international sanctions imposed on Cuba.

Armenian nationality

With regard to the Armenian nationality, the political and public relations between Turkey and Armenia remain fragile and tense, and political issues affecting Turkish national security are considered and accordingly, the Turkish government decided to deny the citizens of Armenia the right to own any real estate in Turkey.

Reasons for the interest of foreigners to own real estate in Turkey

1. Political and economic stability in Turkey, which gives confidence to foreign investors in the real estate market.

2. The distinguished geographical location of Turkey as a bridge between East and West, which makes it an ideal destination for trade and investment.

3. Strong economic growth and urban development in the country, which boosts the demand for real estate.

4. Laws encouraging real estate investment in Turkey, such as allowing foreigners to buy real estate and facilitating real estate ownership procedures.

5. Reasonable prices for real estate in Turkey compared to some other countries, which makes it an attractive option for investors.

6. The variety of properties available in Turkey, ranging from apartments and villas to commercial and tourist properties.

7. Infrastructure development in Turkey, such as huge government projects and improved transportation, which increases the attractiveness of real estate investment.

8. Tolerant social culture in Turkey, where foreigners can easily live and adapt in Turkish society.

9. Attractive offers and discounts offered by some real estate companies to foreign investors.

10. The charming nature and stunning scenery in Turkey, which makes it a preferred destination for real estate purchase as a tourist resort.

11. The ability to use real estate as a source of income through leasing or real estate investment.

12. Turkey's advanced health and education capabilities make it an attractive destination for foreigners.

13. Cultural and linguistic diversity in Turkey, where foreigners can enjoy a diverse and exciting cultural experience.

14. Ease of obtaining residence and long-term residence visas in Turkey for real estate owners.

15. Abundant availability of public services and facilities such as hospitals, schools and commercial centers.

16. Tourism development in Turkey, as it attracts international tourists to enjoy the picturesque landscapes and famous tourist attractions.

17. Promising investment opportunities in emerging sectors such as technology, renewable energy and creative industries.

18. Economic and legislative reforms aimed at enhancing the investment climate in Turkey.

19. Benefit from Turkish citizenship programs for foreign investors, which provides an opportunity to obtain Turkish citizenship and its benefits.

20. The expected high investment returns in the Turkish real estate market, which enhances the attractiveness of investment for foreigners.

When are these nationalities entitled to own real estate in Turkey?

1. People of these nationalities can obtain Turkish citizenship in any legal way, and after obtaining Turkish citizenship, they are entitled to own real estate in Turkey as Turkish citizens.

2. Foreigners of these nationalities can establish a company in Turkey, buy real estate, and register it in the name of the company for commercial purposes and it is important that the property be registered as the property of the company, however it should be noted that the foreign person who buys the property and registers it in the name of the company cannot apply for Turkish citizenship if he does not meet the required conditions and especially the financial condition, in addition to that, in the event of the closure of the company at some time, the foreign person cannot transfer ownership of the property in his name, rather, he must sell it to a Turkish citizen or a foreigner who has the right to own real estate in Turkey.