With the recovery of the real estate sector in Turkey, which has become an important destination for investors and business people, companies in this field have begun to present many real estate offers.
With this recovery and the facilities provided by the Turkish government and the real estate offers offered by real estate companies, the most important question that occupies those wishing to own a property in Turkey is whether it is possible to own a property in Turkey, whether by direct payment of the full price of the property or even by installments?
Buying a property in installments in Turkey means providing a down payment for the property and paying the rest of the payments within a certain period. The agreement concluded between the owner and the buyer occurred.
The important thing is that Turkey offers a citizen of a different nationality, the “foreigner,” the opportunity to buy real estate in installments while guaranteeing all the rights and benefits a Turkish citizen enjoys.
While some foreign investors seek to buy a property in Turkey, whether to obtain Turkish citizenship, reside in Turkey, or invest, some may need more money to pay the full price of the property in Turkey. Therefore they offer to buy a property in Turkey in installments.
Among the most prominent countries whose citizens have the right to own property in Turkey without restrictions:
The Arab Gulf countries are United Arab Emirates, Qatar, Saudi Arabia, Kuwait, Oman, and Yemen. In addition to the following African countries: Sudan, South Africa, Uganda, Djibouti, and Chad.
Also among the countries are the following European countries: Belgium, Germany, Britain, Sweden, the Netherlands, Switzerland, Italy, France, Norway, and the following Asian countries: Japan, South Korea, and Malaysia, in addition to the following South American countries: Argentina, Brazil, Venezuela, America, Canada, New Zealand.
There are countries whose citizens are entitled to own real estate in Turkey under special conditions, the most prominent of which are:
Iranian citizens: They must not be among the persons banned by the United Nations, and they must obtain approval from the Ministry of Interior, and they are entitled to own construction land, housing, and a place of work only.
Russian citizens: Provided the property is not within the Black Sea coast.
Ukraine citizens: Provided the property is not within the Black Sea coast, approval from the Ministry of Interior. And they are entitled to own construction land, housing, and a place of work only.