Turkish laws

St. 35 of the Property Law No. 2644 as amended by Art. 19 of Law No. 4916 of 03.07.2003:

“Foreign individuals and trading companies forming a legal entity and established abroad in accordance with the laws of their country, have the right to acquire real estate located within the borders of the Republic of Turkey. Fundamental in the application of the principle of reciprocity is the recognition by a foreign state of the rights of citizens of the Republic of Turkey and Turkish trading companies of the same scope as their own citizens or trading companies forming a legal entity and established in accordance with national legislation.

Immovable property inherited by citizens of foreign states, in respect of which the principle of reciprocity does not apply, as well as property located in territories in respect of which legal restrictions apply, are confiscated, and its owner is paid its value.

For the acquisition by foreign individuals and trading companies forming a legal entity and established abroad in accordance with the legislation of their country, real estate with an area of ​​more than 30 hectares requires permission from the Cabinet of Ministers. This provision does not apply to immovable property received by inheritance. ….. the permission of the Cabinet of Ministers is also required. In the event of a negative decision, the excess area is confiscated and the owner is paid their cost.

Based on the public interest and security of the country, the Cabinet of Ministers determines the areas in respect of which the provisions of this article do not apply.