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| MARMARIS >
REAL ESTATE IN MARMARIS |
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Most foreign nationals can purchase property in Turkey providing: |
1. There is a reciprocal agreement between the government of Turkey and
that of the purchaser; such an agreement of full reciprocity regarding
real estate acquisition does exist between Turkey and the
U.K.
It is a must that the right granted by that foreign country to its
own nationals in respect of immovable property acquisition are also
granted to Turkish nationals. |
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2. According to the new real estate law foreigners can own up to two
and a half 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. |
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3. The intended property lies within the boundaries of a municipal area, i.e. town or village with more than 2,000 registered inhabitants. |
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4. The intended property does not lie within the confines of a military
zone.
These simple regulations are important. Foreigners who have attempted to outsmart the system by purchasing homes in prohibited zones in the name of a Turkish acquaintance under the protection of a private notarized agreement, have no
chance of recovering their property in the event of a dispute. |
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Further resources are available
upon request to
info@marmarisinfo.com including the new Real Estate Law. |
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Amendment to the Law on Title Deeds
Law No. 5444 Date of Adoption : 29.12.2005 |
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THE FOLLOWING COUNTRIES HAVE RECIPROCAL AND RATIFIED AGREEMENTS WITH THE GOVERNMENT OF TURKEY FOR REAL ESTATE PURCHASES: |
| ARGENTINA |
| AUSTRALIA |
| AUSTRIA |
| BARBADOS |
| BELGIUM |
| BRAZIL |
| CANADA |
| CENTRAL AFRICAN REPUBLIC |
| CHILE |
| COLOMBIA |
| DOMINICAN REPUBLIC |
| EL SALVADOR |
| FRANCE |
| GABON |
| GERMANY |
| GUATEMALA |
| GREECE |
| ISRAEL |
| ITALY |
| KENYA |
| LUXEMBOURG |
| MALAWI |
| NETHERLANDS |
| NORTHERN CYPRUS REPUBLIC |
| NORWAY |
| PANAMA |
| PERU |
| SOMALIA |
| SPAIN |
| TANZANIA |
| UNITED KINGDOM |
| UNITED STATES OF AMERICA |
| VENEZUELA |
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