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postheadericon How do foreign real persons acquire real properties?

Foreign real persons’ acquiring real properties has been arranged in article 35 of 2644 numbered Deed Law. According to this; foreign real persons can acquire real properties allocated and registered to be used as a business or domicile in implementation development plan or piecemeal plan on condition of being mutual and that legal limitations are complied.

Same conditions are required in establishing a limited real right.

Total surface area of real properties that a foreign real person can acquire throughout the country and limited real rights of continual character can not exceed two and a half hectares. Council of Ministers is entitled to increase the surface area amount up to thirty hectares under specified conditions. 

Above mentioned conditions and limitations are not required in establishing real property pledge in Turkey.

Legal and actual situation is taken as a basis in settling the unclearness. It is a must for a foreign country to accord the same rights to the citizens of the Republic of Turkey it accords to its citizens in real property acquisition while applying this principle to citizens of a country of which citizens are not accorded real property right.