Buying Properties for Iraqis in Turkey
Buying Properties for Iraqis in Turkey
How do Iraqis buy properties in Turkey?
Due to the location of Iraq, its borders with Turkey and the ease of access to it by land, all this made it a destination for many Iraqis, whether for residence there permanently on one hand, or take advantage of crossing through it to European countries as it is a crossing for many of them on the other hand. In addition to the existence of many previous trade relations between the two countries, which were based on exporting Turkish products to Iraq and importing Iraqi oil to Turkey, which put it at the forefront and easiest options for many Iraqis, and in turn led to a high percentage of Iraqi arrivals to various Turkish regions and contributed to an increase in the purchase of properties for Iraqis in Turkey as one of the most important and first requirements of life.
Can an Iraqi citizen own a property in Turkey?
In 2012, the Turkish Republic issued a law authorizing foreigners to (real estate ownership) in Turkey, the Iraqis were among the nationalities that were allowed to buy a property in any of the Turkish cities without exception, after obtaining the approval of the Ministries of Interior and Foreign Affairs, to purchase any type of property, whether ( Apartments), (villas) or (shops). This led thousands of Iraqis to study (the Turkish real estate market) and buy properties in Turkey, with transfer the ownership of the property to their names directly.
With the right of disposal of the property (selling – buying – renting – bequeathing) without any obstacle preventing that, therefore the property remains owned for life once there is a (title deed) (Tapu), which is considered an official document issued by the Turkish government and proves the person’s ownership of the property.
Advantages that an Iraqi obtains when buying a property in Turkey.
Like any foreign citizen who owns a property in Turkey, an Iraqi, after purchasing a property in Turkey, has the right to obtain a residence permit based on this property, which authorizes him to travel within and outside the Turkish borders and get engaged in all business and matters legally, after submitting all the necessary papers to obtain residence in Turkey.
Under the law on granting Turkish citizenship to foreigners, which was issued on 9/19-2018, an Iraqi who owns a property of 250.000 $ was also allowed (to obtain Turkish citizenship), in addition to all other rights to enroll children in Turkish-international and Arab schools and universities located within ( Turkish cities) and use (Turkish banks) and complete all necessary papers and transactions within the Turkish governmental departments.
The papers required to complete the Tapu after buying properties for Iraqis in Turkey
- Providing a copy of the passport translated into Turkish and certified by the Turkish notary and the Turkish embassy abroad.
- Providing a (tax number) extracted from the securityservice department of the state.
- Personal Photos.
- Providing receipts for the payment of all fees related to the tapu.
- Presence of the property owner or any authorized person on his behalf with a power of attorney authenticated by the Turkish embassy or by the Turkish notary public.
In the latest study conducted (on the growth of real estate investments) and statistics on (the most nationalities owning properties in Turkey), Iraqis ranked first in 2020 as the highest percentage among foreigners who (purchased a property in Turkey), and the number of properties sold to Iraqis during the previous years reached nearly 29 thousand apartments in all Turkish cities, especially Istanbul, Yalova and Bursa.
At ARIO GROUP, we offer free consulting services to help you choose the right option for your property.
