A new vision in compromising of civilizations: the right of real property acquisition of foreigners in Turkey

Abstract

In today, the target of many communities is to become contemporary and advanced community. In fact, the technology has turned the world to the U-tube. Waters have rapidly incorporated and the information has interchanged regardless boundaries. The universal definition of this is globalization. As the result of the globalization, the information and the capital have rapidly circulated and people have affected each other mutually. In addition, the globalization has brought real property requirement of foreign real person and legal entity to be able to live and continue their works at the outside of their own countries. Individuals’ right of real property acquisition in wherever they want is one of the fundamental human rights. However, that any country takes protecting and maintaining of benefits of its own citizens, and of its own integrity into account is of the great importance by defining the rights given to foreigners. That the country takes the applications, its own citizens are exposed in any foreign country, into account is also very important. Particularly in developing countries, foreign capital requirement necessitates to abolish the restrictions preventing real property acquisition of foreigners. In this context, Turkey needs 25 billion dollars foreign capital verdure yearly to be able to provide sustainable growth. In order to meet this requirement, the procedures, preventing the right of real property acquisition of foreign real and legal person, have been arranged in the level of the European Union (EU) member countries. In this paper, it is aimed that existing legal procedures about real property acquisition of foreigners in Turkey as a candidate country to the EU is explained in detail in order to be a sample for developing countries. Besides, some approaches are given by evaluating positive and negative aspects of conversion from national properties to international properties in point of visions in future of developing countries.