Can a Syrian buy a property in Türkiye?
In light of the economic growth in all the sectors in Turkey, and the Turkish government’s encouragement of foreign investments, many Syrian citizens wanted to own real estate in Turkey, either for residence or for establishing investment real estate projects. However, “can a Syrian buy a property in Türkiye?”. This is what we will talk about in this article from Ebla Real Estate.
Can a Syrian buy a property in Türkiye?
According to the Turkish laws and legislations, Syrians are not entitled to buy and own real estate in Turkey. This is due to the dispute that occurred between the Turkish government and the French mandate government in Syria in 1939. At that time, the Mandate government confiscated the property of the Turks in Syria. Therefore, the Turkish government prevented the Syrians from owning real estate in Turkey.
According to the principle of reciprocity and pursuant to the Act issued, No. 1062, the Turkish government prevented Syrians from owning real estate in Turkey.
Are there solutions for Syrian ownership in Türkiye?
There are solutions that allow Syrians to own property in Türkiye. Of course, if we exclude the Syrian citizen obtaining Turkish citizenship because Syrian citizens who obtain Turkish citizenship are treated as Turkish citizens. Thus, they have the right to buy real estate in Turkey. Among the solutions are:
Establishing a company for buying a property for Syrians:
Through establishing a company in Turkey, Syrians will be able to own real estate in Turkey by easy steps; Because the company obtains a legal entity that allows Syrians to buy real estate in Turkey on the company’s behalf.
Moreover, Syrian citizens can establish a company without the requirement of a Turkish partner. Furthermore, the Syrian citizen can also establish the company individually or with the participation of partners from the Syrians or other nationalities.
In addition, establishing a company with the aim of owning for the Syrians in Turkey does not require much time and effort. It also does not require a large capital.
Buying a property in Turkey on the name of a Turkish citizen:
There are procedures that can be applied in order to guarantee the rights of all parties, such as placing a mortgage sign on the property in favor of the Syrian partner.
Moreover, the two parties can sign a partnership agreement that clearly clarifies the rights of each of them.
((It is worth noting that according to Turkish laws, the owner of a property that has a mortgage sign placed on his property can sell it, and the mortgage sign remains on the property if the other party accepts to buy the property with the mortgage sign. In addition, the responsible employee in the title deed department mentions the mortgage sign in the event that the buyer accepts to buy the property with the presence of the mortgage sign. Thus, the title deed is transferred to the new owner)).
Edited by: Ebla Group Real Estate
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