Buying an apartment in Turkey is easy and safe!

Thinking about our own house by the sea, and even in a foreign country, we ask ourselves quite a logical question: "And what guarantees will the foreign state give me if I invest a certain amount in the purchase of real estate?" In some countries, for example in Thailand, a foreigner can only arrange a house for a long-term lease, while paying as for the purchase, and most European countries require confirmation of the source of income. What are the conditions put by foreign buyers Turkey when buying property, and what guarantees gives future owners?

The rules are the same as for Turkish nationals.

The first and most important rule is that foreigners buy apartments and villas in Turkey on the same basis as the local population. That is, the state does not separate its citizens and foreign investors. This is stated in the law "On the acquisition of real estate in Turkey."

The only exception is that foreigners cannot buy property in Turkey if it is located in border areas or on the Black Sea coast.

Citizens of Russia, Ukraine, Belarus, Kazakhstan and other countries of the former CIS may purchase apartments in Alanya and Antalya, both in new complexes or houses under construction, and secondary real estate in Turkey.

To buy a house by the sea from a foreign buyer will only need a passport. On-site will only get a tax number and open a bank account.

Tapu - the only document confirming the ownership

Any person purchasing property in Turkey receives an official document - Tapu. It is issued by the Cadastral Office, and all information about the owner is entered into the archive.

Cadastral Management provides a guarantee of legality and transparency of the transaction. And even if the owner loses his document, he can easily issue a duplicate by paying a small state fee.

Can the state take an apartment from a foreigner?

In Turkey, the right to own real estate is complete and inalienable. This means that if you bought an apartment or a villa, a plot of land or a commercial space, then you will be able to dispose of it at your discretion. Real estate can be used for personal purposes, sell, exchange, donate or simply rent out.

A foreigner can lose his property rights (however, like a Turkish citizen) only if the property was bought on credit and the borrower is no longer able to pay the debt. In this case, square meters will be put up for sale in order to repay bank debt.

Any property is inherited

Another quite logical question that arises in a person who invests his savings in square meters is whether children or grandchildren can claim to use the house by the sea?

According to Turkish law, any property in the event of the death of the owner is inherited. The heirs of the first stage, as elsewhere, here are the spouse, children and parents.

A foreign owner can also make a will, which must be notarized by a notary. The property owner has the right to indicate in the document as one of his relatives, acquaintances or friends.

If there are no relatives or testaments, then in case of the death of the owner, the apartment or villa in Turkey passes to the state.

Non-Disclosure Deal

Many European countries put future property buyers in a fairly rigid framework. For example, in Spain, foreigners, in order to open a bank account (this is a necessary condition for buying an apartment), must provide proof of the presence of an official source of income.

In Turkey, the conditions for the purchase of real estate for foreigners as simple as possible.

First, the state is absolutely not important where you got the money from. To open an account in a bank, a passport and a tax number are sufficient (some banks open an account only if they have a residence permit).

For the purchase of real estate is also not required to provide any information. And it doesn’t matter what amount you need to purchase: 50 thousand or half a million.

In addition, foreign buyers of real estate in Turkey are not required to report on purchases in their homeland. And even if some information is requested, the Turkish side guarantees that the transaction will not be made public. Get information about the owner of the property, the amount of the purchase, and so on can not be individuals or law enforcement agencies of another state.

Therefore, buying property in Turkey, you can not worry about the fact that from the home state may have any questions.

Buy an apartment and live as long as you want!

Another nice bonus that the Republic of Turkey provides to foreign investors is a residence permit. If you purchase a house by the sea (and regardless of the purchase amount), you have the right to issue a residence permit and have a rest all year round at your foreign country house, without going home. In addition, the nearest relatives may also receive permission to stay