In recent years, the country has increasingly developed domestic tourism, which has led to a number of changes in the tourism sector, including the introduction of a tourist tax in some regions.
Who should not buy property in Turkey?
In Turkey, property purchasing restrictions apply to citizens from certain countries, impacting where and what they can buy. Notably, Russian citizens face specific constraints: they cannot acquire properties along the Black Sea coast or near military sites. These areas are deemed sensitive due to strategic security concerns, and thus, restrictions are enforced to mitigate potential risks.
Additionally, foreign nationals in general are limited in the amount of land they can own. For instance, there is a cap on the size of land parcels that can be purchased—no more than 30 hectares. This regulation is intended to prevent large-scale foreign ownership of Turkish land, balancing investment opportunities with national interests.
For anyone looking to invest in Turkish real estate, understanding these restrictions is crucial. They must navigate the legal landscape to ensure compliance, and in some cases, may need to seek specific permissions or choose different locations or types of property that align with regulatory requirements. This ensures a smoother investment process and helps avoid legal complications.
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