Egyptians' Freehold Ownership in Turkey 2024

Comprehensive information about freehold ownership in Turkey for Egyptians and the properties that can be invested in, as well as the conditions for freehold ownership in Turkey for foreigners in our following article at Imtilak Real Estate.

Are Egyptians allowed to own property in Turkey?

Turkish laws stipulate the possibility of Egyptians owning property in Turkey. The amendment made to the law on foreign ownership of real estate in Turkey in 2012 abolished the principle of reciprocity in the matter of ownership and investment, thus allowing citizens of about 183 countries to own real estate in Turkey, including holders of Egyptian passports.

It is notable that after this amendment to the decision on foreign real estate ownership, the rate of Egyptians owning Turkish properties increased. According to data from the Turkish Statistical Institute, Egyptian nationality ranked tenth among the foreign nationalities with the most property ownership in Turkey during 2017, after the number of property sales to Egyptians reached 587 residential units.

What types of properties can Egyptians own in Turkey?

Egyptian investors can own various types of properties in Turkey without any significant conditions or restrictions, including residential apartments, commercial shops, villas, hotels, offices, warehouses, and land suitable for construction.

What are the conditions for Egyptians to own property in Turkey?

Turkish laws do not impose any restrictions on Egyptians owning residential or commercial properties such as apartments, villas, shops, and hotels. However, regarding ownership of land suitable for housing, Turkish laws have set certain conditions for all foreign nationalities without exception, including holders of Egyptian passports. The conditions for Egyptians to own property in Turkey include not exceeding a total land ownership area of more than 10% of the area of the region and 30 hectares throughout Turkey.

In addition, Egyptian nationals are prohibited from owning agricultural land in Turkey according to Turkish laws related to ownership and investment. However, Egyptian citizens can obtain a title deed for agricultural land by establishing a commercial company under Turkish law and registering the agricultural land in the name of this company as an independent entity.

Required documents for Egyptians to own property in Turkey

The required documents for Egyptians to own property in Turkey can be listed as follows:

• Obtaining a tax number.
• Passport certified by a notary or by the Egyptian embassy.
• Personal photos.
• A document proving payment of title deed fees.
• Real estate appraisal report.
• Earthquake insurance certificate.

Advantages of owning property in Turkey for Egyptians

Owning property in Turkey allows Egyptian investors to enjoy the following advantages:

Owning property and obtaining a real estate residence permit

Holders of Egyptian passports can obtain a real estate residence permit after owning property in Turkey. This residence permit guarantees the Egyptian citizen the right to live legally within Turkish territory, enjoy health insurance that covers treatment in government hospitals for free, access to medicine at reduced prices, free education in Turkish public schools, and opens the door to real estate investment, which qualifies for obtaining Turkish citizenship.

Owning property and obtaining Turkish citizenship

Real estate ownership in Turkey provides Egyptian investors the right to obtain Turkish citizenship if the value of the property is not less than 400,000 US dollars. To obtain Turkish citizenship, it is required not to sell the property for 3 years from the date of purchase.

Are you Egyptian and want to own property in Turkey? Consult Imtilak Real Estate

Egyptians wishing to buy property in Turkey can obtain free real estate consultation by contacting our experienced team in the Turkish real estate market at Imtilak Real Estate.

At Imtilak Real Estate, we provide Egyptian investors with many services related to real estate ownership, starting from offering the best property deals, comprehensive studies of the property and its general surroundings, field tours to inspect the property in person and view all its features, to completing the property sale, processing the title deed file, submitting the Turkish citizenship application, and obtaining the Turkish passport.

Edited by: Imtilak Real Estate©