Can Iraqis own property in Turkey?
Can Iraqis own property in Turkey? Turkey is a favorite country for many Arabs and foreigners, especially Iraqis. Iraqis’ ownership of real estate in Turkey is not much different from the ownership of any other nationality as the Turkish laws allow Iraqis to own property in Turkey as we will see in this article from Ebla Real Estate.
Table of contents:
- Iraqis’ property ownership in Turkey.
- Conditions for buying real estate in Turkey for Iraqis.
- The required documents for Iraqis to own a property in Turkey.
- Real estate residence in Turkey for Iraqis.
- Turkish citizenship through buying a property in Turkey for Iraqis.
Iraqis’ property ownership in Turkey:
Turkey is one of the most attractive sites that attracts Iraqis for living and investing. The number of expatriates from Iraq to Turkey has increased in recent years.
Moreover, according to the statistics, there is a great demand by Iraqi citizens in the real estate sector in Turkey. Official data indicate that real estate sold to Iraqis during the last year exceed 5000 properties in Turkey.
Istanbul, Bursa, Antalya and Mersin topped the list in terms of real estate sales to Iraqis.
Conditions for buying real estate in Turkey for Iraqis:
Iraqis are entitled to own real estate in Turkey, including apartments, villas, and many other options in the Turkish real estate sector. However, Iraqis need to meet certain conditions before buying a property in Turkey, including:
- The approval of the Ministry of the Interior and the Turkish Foreign Ministry. However, it is not necessary for the Iraqis to visit these two ministries; As the Land Registry Department will do this procedure after submission of the necessary papers.
- Furthermore, Iraqis are not entitled to own agricultural land in Turkey. Otherwise, the Turkish law allows them to own all other types of real estate, such as residential and commercial real estate.
The required documents and steps for Iraqis to own a property in Turkey?
- 4 personal photos.
- Obtaining a Turkish Tax Number from the Tax Administration Office.
- Opening a bank account in Turkey in order to transfer the amount of money to the Turkish bank and get a currency exchange receipt.
- Bring the buyer’s passport translated and attested, or his representative passport.
- Bring the real estate appraisal report, which is a report showing the real property value.
- It is worth noting that the buyer has to come to Turkey to sign the purchase contract, or his representative must attend an official agency certified by the notary public, or at one of the Turkish embassies abroad.
- Going to the Land Registry Office “Tapu”. Thus, the seller relinquishes the property in favor of the buyer
Real estate residence in Turkey for Iraqis:
Turkish government grants the foreigner who buys a property in Turkey the right to obtain real estate residence in Turkey.
Thus, Iraqis have the right to obtain real estate residency in Turkey through buying a property worth 75 thousand dollars onwards in major Turkish cities and 50 thousand dollars onwards in smaller Turkish cities.
It is worth noting that real estate residency in Turkey is granted to the owner of the property and his companions of a wife or husband, and children under the age of 18 years; For a period of one or two years, with the possibility of simply renewal; As long as the person still owns the property.
In addition, the real estate residence provides Iraqis with many advantages and rights in Turkey, such as the right of legal residence, travel within Turkey without travel permission, education, treatment, granting residency to the family of the property owner, and obtaining citizenship after 5 years of real estate residency.
Turkish citizenship through buying a property in Turkey for Iraqis:
The Turkish laws allow Iraqis to obtain Turkish citizenship by buying a property or a group of properties worth 400.000 $.
Obtaining Turkish nationality is an important incentive for Iraqis to take advantage of the features of Turkish citizenship, especially the Turkish passport.
It is worth noting that Ebla Real Estate is an approved company in Bursa, Turkey. We offer various services regarding the real estate sector in Turkey. Among the most prominent of these services are:
- Ebla Real Estate provides legal and real estate consultancy free of charge.
- We also provide various offers that meet the conditions of real estate residence and Turkish citizenship in any area desired by the client in Bursa and Istanbul.
- Moreover, we provide the valued clients with golden opportunities to own properties in Turkey.
- Furthermore, Ebla Real Estate has the best real estate offers in Turkey for successful and guaranteed investment projects.
Edited by: Ebla Group Real Estate
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