FAQ About Property Purchase in Turkey by Foreigners

We have collected the most concerns foreigner buyers have when they plan to purchase a property in Turkey and provided brief answers.

Yes. Foreigners with the exception of Syrians, Armenians, Cubans, and North Koreans, can buy properties across Turkey as long as these properties are not in military, villages, or rural areas.

Turkish law allows foreigners to purchase any type of property in Turkey such as residential, commercial or land. However, these properties should not be part of rural, villages or military areas. Our list of property for sale in Turkey has no restrictions.

With accordance to the Turkish Land Law no. 2644, article 35 a foreign person is allowed to purchase not more than 30 hectares. Additionally, foreign ownership’s percentage of the total area of a district should not exceed 10%.

Buying a property in Turkey process is easy. We can summarize the steps as below;

  • Determine what type of property to purchase and where.
  • Search for a reputable real estate agent.
  • Visit Turkey and have viewing tours of the desired property/ies.
  • Sign a legally binding sales contract and pay a deposit (in most cases it is nonrefundable)
  • Choose a solicitor (Not obligatory, but advisable) to carry out the legal procedure.
  • Make a power of attorney, if required.
  • Evaluation report- This usually takes from 3-4 days.
  • Get a Tax number and Bank Account.
  • Title Deed from the Tapu office.
  • Officially an owner of a Turkish Property.

Yes. There are two different ways, either with a ready title deed that states an amount not less than 400,000$, or several title deeds for different apartments that are equal to 400,000$ or more qualify for Turkish Citizenship. The second way is with a preliminary sales contract (notarized sales contract). This way requires conditions and requirements to obtain the Turkish Citizenship, such as:

  • A Preliminary sales contract is required.
  • The minimum property/ies’ value in the preliminary sales contract must not be less than $400,000.
  • A foreigner can obtain Turkish citizenship via real estate investment by buying several properties as long as all are in one preliminary sales contract. Several preliminary sales contracts summing up to $400,000 are not eligible for Turkish Citizenship.
  • A foreign currency exchange certificate must be issued for at least the minimum amount paid in advance as per the sales contract and on the same date of the contract.
  • Joint ownership is no longer eligible for Turkish Citizenship.
  • A property that was previously owned by a foreigner or first-degree relative of a Turkish citizen is not eligible for Turkish Citizenship.

·       For properties that are under construction, the property value will be determined as per the current construction situation. i.e. the value of the completed version of the property

The Turkish property buying process’s fees are relatively low. The fees are the title deed transfer tax (usually 4% of the purchase property value), notary & solicitor fees, if any, agency commission (usually 2-4%), and miscellaneous paperwork fees, and VAT if applicable. It is important to note down here that VAT is exempted for foreigners who meet the tax exemption conditions, such as not being a Turkish resident. In Short, you can get an approximate figure by calculating 7-8% of the purchased property as the cost of the process.

Yes. Recently, Turkish banks started to offer foreigners mortgages considering an existing property, asset, or credit they have in Turkey, as their guarantee. Foreigners with European or US nationalities can obtain a mortgage more easily than others.

The current property taxes in Turkey are council tax ranges from 0.01-0.06% depending on the property type and place, insurance tax is $2 per m2, and rental income tax, if applicable, ranges from 15%-40% of rental income. It is important to note down here that property taxes are exempted for foreigners who meet the tax exemption conditions such as not being a Turkish resident.

Notaries ensure the legality and accuracy of sales and transfer documents and facilitate inheritance-related issues.

Notaries ensure the legality and accuracy of sales and transfer documents and facilitate inheritance-related issues.

The title deed transfer and registration process usually takes from 3-5 days, and it requires the below;

  • A translated passport copy and the original passport of the buyer.
  • Turkish ID of the seller.
  • A passport photo of the seller, and two passport photos of the buyer.
  • Tax number of the buyer.
  • Current title deed.
  • In the case of a bank loan, related bank documents are required.
  • Insurance policy against natural disasters and earthquakes.
  • Real estate registry document.
  • Real estate appraisal report.
  • Common allowance document from the municipality of the purchased property.

Yes. Buying a property in Turkey does not require a residence permit or Turkish citizenship.

No.  There are no specific rules for buying property in tourist or coastal areas.

To verify the legality of the real estate agent you are dealing with, you can ask them to provide you with copies of their trade license, tax registration certificate, chamber of commerce & industry registration certificate, involvement in commercial operation document (Faaliyet Belgesi), a certificate of professional competence (Mesleki Yeterlilik Belgesi), and the permit to buy and sell properties (Taşınmaz Ticareti Yetki Belgesi). Also, check if they operate in Turkey in physical offices and have employees, and check their reviews and feedback from customers who dealt with them.

The top five cities in 2023 for real estate investment to TUIK’s recently published data are Istanbul, Antalya, Bursa, Ankara and Izmir.

Similarly, to any other investment, Real estate investment is subject to risks. However, real estate investment in Turkey is relatively safe, and it can be avoided easily by educating yourself on the process of buying a property in Turkey and dealing with trustworthy and reliable real estate agents.

For commercial property, approval from the Ministry of Environment and Urbanization is required.

Any property whether commercial, land or residential that complies with the Turkish Citizenship requirements is suitable for Turkish Citizenship.

Yes. It is called “The Short-Term Turkish Residence Permit” By property, and you can have it as long as the property’s price is $75,000 or more. In order to obtain it, you need to present documents such as the application form, evidence of the application form’s fees paid, passport copy & notarized translated passport copy, 4 biometric photos, and the title deed among a few others.

Have any other questions

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