Freehold ownership of Iraqis in Turkey

Do Iraqis have the right to freehold property ownership in Turkey?

In recent years, investments by Iraqi citizens in the Turkish real estate sector have recorded high numbers compared to their foreign investor peers, often driven by the desire to benefit from the foreign property ownership law that leads to obtaining Turkish citizenship, or the real estate residence law.

According to the laws of foreign property ownership in Turkey, Iraqi citizens wishing to own property are treated in the same way as Turkish citizens, in addition to incentives introduced in the sector such as special real estate tax laws for foreign investors and successive discount packages.

Thanks to amendments to the foreign property ownership law in Turkey, restrictions on some foreigners were lifted early on, including Iraqi citizens. Thus, Iraqi nationals now have the right to own any type of property in Turkey without any notable restrictions or conditions.

In recent years, Iraqis have strongly led the real estate scene in Turkey among foreigners, reflecting the significant demand from Iraqis to invest in Turkish real estate.

What types of properties can Iraqis own in Turkey?

Iraqi citizens can own all types of real estate in Turkey under the Turkish property ownership law, which does not exclude Iraqis from any type of property, whether residential apartments and villas, commercial investment properties, or even undeveloped land.

Thanks to this, Iraqis can achieve their investment or residential goals by owning any of these properties in Turkey that suit their desires, needs, or diverse objectives.

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

As previously explained, Iraqi citizens are allowed to own property in Turkey freely, without any special conditions or additional restrictions.

As long as the Iraqi individual meets the legal eligibility for ownership and possesses the required official documents, property ownership is available, whether through direct purchase or via their legal representative in Turkey.

Required documents for Iraqis to own property in Turkey

The process of concluding property ownership contracts for Iraqis and foreigners in general in Turkey requires some basic steps and the availability of complete official documents, which are as follows:

First: Foreigners in Turkey must obtain a tax number from the Turkish tax office, a simple step that takes only a few minutes.

Second: A valid passport is required, along with a certified translation of the passport or personal documents into Turkish by a sworn translator, and authentication of the translation at a notary office or Turkish embassy abroad.

Third: Two personal photos of the new property owner must be submitted for registration in the land registry system and on the title deed.

Fourth and finally: Title deed fees and required taxes must be paid according to Turkish laws applicable to the property ownership process.

It is also recommended to consult a trusted real estate advisor or benefit from the services of a reputable and experienced real estate marketing company in Turkey to ensure the safety and smoothness of the ownership process in a fully legal manner.

Advantages of owning property in Turkey for Iraqis

Iraqis have found Turkey to be a suitable place to settle thanks to its multiple residency and living advantages, the most important of which are:

1. The close geographical proximity between Turkey and Iraq, as the two countries share a long land border and easy movement between them is possible.
2. Cultural similarities and overlap between the two countries, as Turkey shares ideologies and cultural traits with the Arab region in general.
3. Turkey's rich options for children's education and skill development, with living conditions that keep pace with modern development and scientific openness.
4. The desire to obtain Turkish citizenship and benefit from the freedom of movement and travel thanks to its strong passport, and to overcome the restrictions imposed on Iraqi citizenship globally.
5. Investment benefits, such as reselling the property for profit or renting it out to benefit from its financial returns.

Owning property in Turkey for Iraqis and real estate residence

In addition to Turkey's features as a preferred destination for travel and investment, its beautiful scenery, pleasant climate, similar culture to Arab countries, and close location, there is a segment of Iraqis who wish to own property in Turkey to obtain real estate residence, which allows them to enter, exit, and live in Turkey smoothly.

According to the latest updates to the foreign property ownership law, effective from 16/10/2023, Iraqis can now obtain real estate residence in Turkey provided they own a property worth at least 200,000 US dollars or its equivalent as a minimum.

The same law also allows those who purchased properties before this decision to obtain real estate residence provided the property value was 75,000 US dollars in major Turkish cities or 50,000 US dollars in smaller cities.

Owning property in Turkey for Iraqis and Turkish citizenship

Turkish citizenship through property ownership is also one of the advantages that has attracted many Iraqi investors to Turkey.

The foreign investment law initially set the required property value for obtaining Turkish citizenship at 500,000 US dollars, then it was amended to 250,000 dollars, and later increased again to 400,000 dollars.

It should be noted that Iraqis can benefit from this law and obtain Turkish citizenship in about six months from the date of submitting the application to the relevant authorities.

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

We can confidently say that Imtilak Real Estate has enabled its clients to own property and obtain the best possible real estate opportunities that suit their capabilities and aspirations, thanks to our strong presence and influence in the real estate market, which allows us to select the absolute best opportunities in the most important cities and real estate locations.

Whether you are looking to invest, obtain real estate residence, or acquire Turkish citizenship, Imtilak Real Estate and its professional team are fully prepared to provide the best advisory services to investors and those wishing to own property in Turkey.

Our services at Imtilak cover all stages of property ownership, including everything before, after, or related to it, through our highly experienced team, in addition to our comprehensive legal services regarding Turkish citizenship through property ownership.

Edited by: Imtilak Real Estate©