: 2018-02-20 Modified date : 2019-08-27
All these inquiries and others will be answered in this field, and we will clarify the latest Turkish decisions on this matter.
Most of the Arab nationalities are entitled to own real estate in Turkey, including of course the Palestinian nationality holders. Under the law of 2012, the Turkish government approved new and more flexible legislation, which opened the door to the citizens of more than 129 different countries around the world to enter the Turkish real estate market, including Palestinian nationality, as well as most Arab nationalities.
In 2017, Palestinian nationality entered the list of the first 20 foreign nationalities in Turkey; in January of 2018, the number of Palestinian-owned properties in Turkey increased in comparison to the same month of 2017. This indicates an increase in Palestinian interest in real estate investment in Turkey.
Palestinians are entitled to purchase real estate in Turkey without specifying the number of properties the Palestinian investor can own. Palestinians are entitled to own all types of real estate in Turkey including apartments, villas, shops, commercial offices, warehouses, hotels, and buildings. The lands in Turkey should not exceed 30 hectares, and the investor can find excellent opportunities to own lands of all kinds, such as farms and investment lands.
1) Obtaining a tax number.
2) Translation of the passport into Turkish.
3) Authentication of the passport translated by the notary public or through Turkish embassies and representations abroad.
4) Two personal photos.
5) Payment of property fees about 4% of the value of the property.
In addition, the Palestinian needs the approval of the Ministry of the Interior according to Turkish law. The transfer of ownership is carried out naturally within the tax department of the Palestinians holding the Palestinian passport (the passport of the Palestinian Authority), as well as for the Palestinian who holds the Jordanian passport completely and has the right to own property in Turkey.
A new Turkish decision was issued on the amendment of the conditions for the ownership of the Palestinians in Turkey. According to the Tabu Directorate, the decision came into effect on March 6, 2019, and provides for to grant an ownership permit of real estate in Turkey by Lebanese, Egyptian and Iraqi documents holders. The condition for accepting such a case was that the holder of the Palestinian document had obtained a residence permit from the Immigration Department.
The Palestinian can assign another person to complete the real estate acquisition in Turkey. In this case, the agent must be employed by the notary public or through Turkish representations abroad.
The Turkish government is working to provide various tax exemptions and concessions in the real estate sector and encourage the establishment of high-end real estate projects to meet the aspirations of the promising real estate market. The Turkish government, along with private sector companies, plays a leading role in encouraging investors to own property by facilitating their purchase of real estate In addition to granting the possibility of convenient installment for foreign investors, as well as the advantages granted by the Turkish state for those wishing to invest in the real estate field, exempt them from some taxes in part and in full, and granting them residency and Turkish citizenship excluded in the event of a certain value of a property owned by them.
You can watch the rest of the episodes about the ownership of other nationalities in Turkey in this series, such as the Sudanese ownership, Jordanians ownership, Yemenis ownership, Saudis ownership, Iraqis ownership, Egyptians ownership, and Syrians ownership.
Edited by: Imtilak Real Estate©
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