Inheritance in Turkey
Inheritance is one the major subject that comes in mind among dozens of topics when it comes to property purchase in a foreign country.
However, in Turkish real estate market there are certain rules and regulations already defined likewise other modern countries of Europe.
Inheritance is a major legal concern for investors that guarantees their ability to safeguard the future of their property before making the decision to follow through with their investment.
In Turkey, foreigners’ right of inheritance is protected. We wish everyone a long peaceful good life but if only in the event of a foreigner’s death, the real estate owned by them shall pass to their inheritors.
If the inheritor is eligible to acquire the real estate (if they are eligible in terms of nationality and if the total limitation conditions per person and throughout the country allow), the inheritor may then keep the inherited property.
Otherwise, such person is to transfer the real estate immediately.
If not, the Ministry of Treasury and Finance shall sell the real estate and reimburse the price to the inheritor.
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