Must be among the citizens of the countries determined by the President who can acquire real estates and limited real rights in our country and meet the acquisition conditions.
Foreign real persons may acquire any kind of real estates (residence, workplace, land, field, etc.) in our country, provided that the legal restrictions are complied with.
Real persons of foreign nationality are obliged to submit for the approval of the relevant Ministry within two years the project to be developed in accordance with the nature of the real estate (such as land, field, etc.). In case of failure to apply to the Ministry within two years or if the project is not completed within the time period, the real estate in question will be subject to liquidation provisions.
The total amount of real estates that a foreign real person can acquire is maximum thirty hectares throughout the country.
The total area of real estates that may be acquired by real persons of foreign nationality may not exceed ten percent of the total area of the district subject to private property.
The indication regarding the real estates located in military prohibited and security zones is registered in the register of the real estate and information is provided by the land registry offices.
In 81 provinces, the registration of real estates within military prohibited and security zones in the land registries has been completed.
The real estate to be acquired must not be located in areas designated as military prohibited and security zones or in other areas prohibited for foreign real persons.
The real estate to be acquired must not be located in areas designated as military prohibited and security zones or in other areas prohibited for foreign real persons.
In case of acquisition of unstructured real estate by foreign real persons, a project must be developed within two years and this project must be submitted to the approval of the relevant ministry.
Real estates acquired in violation of the provisions of the Law, which are found by the relevant ministries and administrations to be used contrary to the purpose of acquisition, which are not applied to the relevant ministry in due time or the projects of which are not performed in due time, are subject to liquidation provisions.