Turkey’s growing economy and strategic location make it an attractive destination for foreign investors seeking commercial real estate opportunities. Whether you plan to purchase office buildings, retail stores, warehouses, or hotels, understanding Turkish real estate law is essential for a secure investment.
Can Foreigners Buy Commercial Property in Turkey?
Yes. Foreign individuals and legal entities from countries with reciprocity agreements can acquire commercial properties in Turkey, subject to certain limitations. The acquisition must not be in military or security zones and must comply with local municipality zoning plans.
Legal Requirements and Due Diligence
- Title Deed Check (TAPU): Confirm property ownership and encumbrances through the Land Registry Directorate.
- Zoning Status: Ensure the property is zoned for commercial use.
- Municipality Approval: Obtain confirmation from the municipality on use and permit compliance.
- Foreign Affairs Review: Foreign buyers require clearance from the Ministry of Environment, Urbanization and Climate Change.
Taxation and Fees
- Title Deed Transfer Tax: Typically 4% of the sale value, shared equally by buyer and seller unless otherwise agreed.
- Notary and Translation Fees: Required for legal documents if the buyer does not speak Turkish.
- Annual Property Tax: Based on the municipality and property classification.
Restrictions and Considerations
Foreigners cannot buy properties in military zones or exceed 10% ownership within a given district. Certain strategic sectors or coastal properties may also be restricted unless special permits are granted.
How ER&GUN&ER Law Firm Can Help
Our experienced Turkish real estate lawyers offer end-to-end legal assistance throughout the property purchase process. We help with legal due diligence, contract drafting, land registry formalities, and tax matters to ensure a secure and smooth acquisition.
For personalized advice and professional support on buying commercial property in Turkey, contact ER&GUN&ER Law Firm today.
Read our previous article: Import and Export Regulations in Turkey