- Why is there a ban on sale?
- What does an annotation mean?
- What is the three-year rule?
- What happens if the prohibition is violated?
- Why is it important to follow up with a lawyer?
One of the most curious issues in Turkish citizenship applications with immovable property investment is the prohibition of sale. Many applicants think that they can sell the property as they wish after buying it. However, in transactions for citizenship purposes, the transfer or sale of real estate may be restricted for a certain period of time.
The main purpose of this restriction is to protect the authenticity of the investment made for citizenship. The State wants to prevent the acquisition of citizenship only through short-term or formal transactions. For this reason, the rule of placing the necessary annotations on the immovable property and not selling it for a certain period of time is applied.
The prohibition of sale becomes visible through an annotation in the land registry. This annotation indicates that no transfer, sale or abandonment can be made on the immovable property for a certain period of time. The content and duration of the annotation are important according to the type of application. An incorrect annotation may jeopardise the validity of the application.
One of the common mistakes made by applicants is to think that this prohibition is only a formality. However, violating the prohibition may have not only administrative but also legal consequences. The citizenship file may be subject to further review, the application may be put at risk or the transaction may be cancelled.
Therefore, those who obtain citizenship through real estate investment should know when the prohibition of sale begins and ends, which transactions are covered by the prohibition, and how to check the title deed records.
In addition, the fact that the immovable property cannot be sold does not necessarily mean that its use is completely unlimited. Issues such as leasing, management or domestic use of the immovable property should be considered separately. Therefore, the contents of the title deed should be read carefully.
In conclusion, the prohibition of sale is the security mechanism of the citizenship investment. In order for this process to be carried out correctly, legal follow-up should be carried out from beginning to end.