Foreigners can buy land as well as other real estate forms like flats, residences, houses and stores. However, they should be aware of some limitations when buying such land.
• Necessary permits should be obtained before transaction. Because authorities would like to be sure that certain percentages are not exceeded by foreigners.
• The buyer should declare an undertaking that such land shall not be sold in three years’ time starting from the date of transfer in the land registry. However, this is a must not only for land buyers but for all potential buyers who would like to apply Turkish citizenship.
• In the case of agricultural land, the buyer is obliged to cultivate the land and should not leave it blank. This cultivation may either be directly or indirectly via leasing it to third parties.
• In case of urban land, the buyer should start to construction of a building no later than 2 years from the date of transfer of the title.
Provided that all above are met, foreigners are free to buy land as well as other forms of real estate.