In this article, we will provide answers and clarifications to the queries raised by Yemeni investors regarding the subject of owning a property in Turkey, such as:
Are all Yemenis entitled to own a property in Turkey?
What kind of real estate can Yemenis buy in Turkey?
What are the legal documents required to complete Yemeni ownership procedures in Turkey?
In addition to important topics about the law of inheritance, Turkish residence, and Turkish citizenship through the ownership of the property.
At the end of the article, a new video episode of the program "Real Estate is the best decision" entitled ownership of Yemenis in Turkey, the prepared and presented by Mr. Abdullah Al-Hammad CEO of Imtilak Real Estate.
With the increasing investment opportunities, Turkish government incentives to the real estate sector, through tax exemptions, residency programs, and Turkish citizenship the investors' interest in real estate has increased.
Yemeni interest in the Turkish real estate market
According to the statistics of the Turkish Statistics Directorate, the number of Yemeni real estate owners increased in 2018, with the Yemeni nationality holders being ranked 12th among the most foreign nationals who own real estate in Turkey.
Properties that a Yemeni citizen can own in Turkey
All Yemenis have the right to own real estate in Turkey and have been covered by the Turkish real estate law issued in 2012. The Yemeni citizen can own all kinds of real estate in Turkey including apartments, villas, shops, commercial offices, stores, hotels, buildings, lands, Farms and other types of residential and commercial properties.
Inheritance of property in Turkey
The inheritance law in Turkey also includes foreigners, and foreigner can bequeath his property to his heirs according to the law governing it.
Real estate Residence for Yemeni investors
Through the ownership of real estate, the Yemeni can obtain a real estate residence for two years in Turkey for him, his children and his wife, and can renew this residence every two years.
Turkish Citizenship to the Yemeni investor
The law of granting Turkish citizenship to real estate investors was issued in 2017. Under this law, Turkish citizenship can be obtained through a real estate investment of one million dollars value, for the holders of several nationalities, including Yemeni nationality.
Legal documents required to complete Yemeni ownership procedures in Turkey
In order to complete the real estate ownership procedures in Turkey and the works of the title deed, the following are required:
- Getting a tax number.
- Translation of the passport into Turkish.
- Ratification of the passport translated by the notary public or through the Turkish embassies abroad.
- Two personal photographs
- Paying the fees of the title deed (Tabu).
- The presence of the owner or his official representative, under the submission of a notarized power of attorney notary, or through the Turkish embassies abroad.
You can watch the rest of the episodes about the ownership of the other nationalities in Turkey in this series, such as the ownership of the Palestinians, and the Jordanians.