Property Acquisition: Foreign Real Persons in Turkey - I

Abstract

Every nation has its own legislation regarding acquisition of real property by foreign real persons within the scope of its own political, economical and social conditions. Acquisition of real property by foreign real persons in Turkey is restricted by laws in accordance with the national and international laws. Below are the related articles of the Constitution of the Republic of Turkey regarding to acquisition of real property by foreign real persons in Turkey: Article 12: “Every person has individual, inviolable, inalienable fundamental rights and freedoms.” Article 16: “Fundamental rights and freedoms of foreigners may be restricted by law in accordance with international law.” Article 35: “Everyone has the right to own and inherit property. These rights may be limited by law only in view of public interest. The exercise of the right to own property shall not be in contravention of the public interest.”