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Be careful when buying a property


When purchasing building plots in Turkey, there is an important regulation for foreigners (as private individuals) that should not be neglected:

If you buy a building plot (arsa) as a foreign private person, you have to submit a project and obtain a building permit within 2 years. If you don’t do this, the Treasury (Maliye) can seize the building plot and sell it in an auction. The auction is based on the registration value of the property. This can differ significantly from the purchase price.