REAL ESTATE IN TURKEY

Türkiye has a highly attractive real estate market that has been rapidly enhanced over the past 20 years by policies that prioritize the construction sector and multi-billion infrastructure investments. We get a lot of questions about real estates in Turkey. In our buyer guide, we hope to provide you with the answers to your most common queries. We've compiled all the necessary information and guidance to help you make an informed decision about life in Turkey, purchasing real estate, legal matters, Turkey's investment climate and many other relevant subjects.

Should you feel we have left any subject uncovered, please get in touch so we can provide you with the required details and update the information provided on our website.

Why to invest in property in Turkey?

Turkey’s economy has gone from strength to strength and the country is now one of the world’s top emerging economies. Thanks to stable inflation rates, favourable lending rates, a high GDP and a young, property-hungry population, investor confidence is at an all time high. Istanbul real estate and Mediterranean property in Turkey is now some of the most sought-after in the northern hemisphere.

How to buy property in Turkey?

Faced with growing numbers of overseas buyers, the Turkish government has recently taken steps to make the Turkish property buying process faster and easier. Although it’s easier than ever before to buy a home in Turkey, it’s best to be armed with the latest up-to-date information to guide you through the steps you’ll need to take to buy property in an unfamiliar country. Our step-by-step guide to buying real estate in Turkey lays out exactly what you’ll need to do to ensure your purchase goes without a hitch.

Who Can Buy Property in Turkey?

Turkish real estate is now available to the citizens of more countries than ever before. Thanks to a game-changing amendment to legislation which lifted restrictions and increased the number of nationalities who can now buy homes in Turkey to 129. The relaxed laws have prompted an increase in overseas buyers of property.

Costs of buying property in Turkey

Stamp duty, solicitor fees, the agency fee and other miscellaneous costs can add up. We recommend you allow for an extra 8% on top of your property value. We can also help for a breakdown of costs associated with purchasing Turkish real estate.

Citizenship by investment in Turkey

With every purchase of a $400,000 property, foreign buyers are now eligible for Turkish citizenship. There are other options, too, for business owners and investors.

Turkish Title Deeds (TAPU)

A Turkish title deed, known in Turkey as a TAPU, is an important document denoting ownership of the property. Turkish title deeds include information about both the property itself and the owner. They are supplied, registered, and archived by the Tapu and Cadastre General Directorate.

Managing & maintaining your new home in Turkey and associated fees

Now that you have happily bought your new home overseas, you need to know how to go about managing and maintaining it. A well managed property appreciates in value, whereas a poorly maintained property, like any other asset, will lose its value faster than you can imagine. Good news is that management & maintenance of holiday homes in Turkey is not expensive. You can appoint professional management companies that will provide necessary services from as low as Euro 600 per annum for apartments.

Buying property in Turkey through a company

A number of people choose to buy a Turkish property through a foreign company due to certain advantages, while others take this route if they’re not from one of Turkey’s recognised reciprocal countries. Either way, if you choose to take this option you’ll need to carefully consider the steps you’ll need to take and the implications of operating a limited liability company in Turkey.

Should I use a solicitor to buy property in Turkey?

It is not a must but an option. Many people who make property faults in Turkey could’ve avoided financial stress and ruin by simply hiring a solicitor. Employing a reputable solicitor not only saves you time and eases the way towards completing your property purchase, it helps you avoid the pitfalls many buyers fall into. If you want to hire a solicitor in Turkiye, we can help you hire a solicitor in Turkey and how to find a reputable professional.

Power of Attorney in Turkey

To complete the property buying process from your home country, it will be necessary to grant your solicitor power of attorney. Your solicitor will act on your behalf, completing the necessary steps to complete your property purchase. We can guide you to find out exactly what your solicitor needs to gain power of attorney and what they can do for you.

Finance for property in Turkey

As long as you have a good credit history and a proof of income, financial help to buy property in Turkey is available for home buyers. With a minimum 30% deposit and meet the minimum criteria you’ll be eligible for finance provided by major European financial institutions. We can guide you about financing property in Turkey so as to discover whether you’re eligible for finance.

Residency permits in Turkey

As part of the government’s bid to ease the buying process for overseas property buyers, Turkish home buyers are now granted an automatic year-long residence permit in Turkey. After your initial year is completed you can renew your permit and obtain a permit lasting as long as five years. The process to obtain a residency permit is relatively straightforward. We can guide you to lay out the process and requirements in terms of the necessary documentation you’ll need.

Work permits in Turkey

All foreigners must obtain a work permit if they wish to work in Turkey. Your company will need to sponsor your work permit, and it’s possible to get the ball rolling while you’re still at home. We can guide you more to discover the process by which a work permit is obtained - as well as which jobs and professions are restricted for overseas workers.

How to set up a business in Turkey?

Turkey is attracting large amounts of foreign investment and growing numbers of entrepreneurs are combining their Turkish home purchase with new business ventures. Setting up a business in a new country can be tricky and you’ll need to do your homework with respect to discovering how Turkish law, taxes and culture differ from your own. We can quide you to set up a limited liability company and to get tips for easing your transition to working in a new country.

Bringing your pets into Turkey

Bringing your beloved pet to Turkey is easier than you think. Providing Rex or Fluffy have had up-to-date vaccinations and a pet passport or identification card, you’ll find importing your cat or dog to Turkey a simple and painless process. We can quide you to find out more about the process of importing animals to Turkey, as well as a few handy tips on dealing with airlines and what equipment you’ll need.

Bringing your car into Turkey

Cars are considered a luxury item in Turkey and costs of vehicles, fuel and road tax can reach eye-watering proportions, costing around three times the amount you’re paying back home. Many overseas property buyers think they can drive their cars to Turkey from their home country for use in Turkey. However, this is generally not the case. We can help you on weigh up the pros and cons of buying a car in Turkey or importing one from home.

Income tax on Turkish property

If you’re buying Turkish real estate you’ll need at least a working knowledge on Turkish income tax laws, and how they apply to you as a foreign buyer. If you’re setting up a business in Turkey or planning to earn rental income from your property, it’s essential that you have some understanding of tax law. Our guide explains the different categories of tax in Turkey and breaks down the laws pertaining to property income tax in easily digestible pieces.

Capital gains tax on sale of Turkish home

The capital gains tax is a tax you’ll incur if you sell your property within five years of the purchase date. You will be taxed on any profit you make after the sales value is declared. We can guide you to find out the ins and outs of this tax and whether there are any exemptions or clauses you need to be aware of before you sell your home.

VAT exemption when buying property in Turkey

Value Added Tax (VAT - known in Turkey as Katma Deger Vergisi) can be a considerable expense for foreign investors when buying in Turkey. However, at the time of writing (May 2020), there is a concession in place that means foreigners do NOT have to pay VAT on their Turkish real estate investments.

Inspection Trips

A Turkish property inspection trip is a chance for you to not only find your dream home, but to discover if Turkey’s culture and way of life is suitable for you and your family. We’ll help you to explore the local area and introduce you to the best possible properties for your budget. Our insider knowledge and experience will assist us to give you up-to-date and accurate information on not only the area’s real estate, but the ins and outs of the local economy and lifestyle.

Virtual Property Tour

Thanks to advances in modern technology and our expertise as industry leaders, we are now pleased to be able to offer Virtual Property Tours for those who want to view properties from the comfort of their own homes. This service includes a consultation, virtual trip to see the sights of the city, a guided walkthrough of carefully selected properties, and all legal matters needed to get your property purchase completed online.

Some real estates for sale

The Mansion
USD 43,000,000
Istanbul, Türkiye
Property Type: Villa
Bedrooms: 7
Total Area: 7682m²

Gölköy Villa
USD 3,100,000
Bodrum, Türkiye
Property Type: Villa
Bedrooms: 3
Total Area: 536m²

Fatih Apartment
USD 1,600,000
Istanbul, Türkiye
Property Type: Apartment
Bedrooms:
Total Area: m²

Orman Apartment
USD 1,425,000
Istanbul, Türkiye
Property Type: Apartment
Bedrooms: 3
Total Area: m²

Bahçelievler Project
USD 525,000
Istanbul, Türkiye
Property Type: Apartment
Bedrooms: 2
Total Area: 120m²

Topkapi Project
USD 467,500
Istanbul, Türkiye
Property Type: Apartment
Bedrooms: 2
Total Area: 113m²

Ispartakule Project
USD 465,000
Istanbul, Türkiye
Property Type: Apartment
Bedrooms: 3
Total Area: 194m²

Banuevler Ispartakule
USD 450,000
Istanbul, Türkiye
Property Type: Apartment
Bedrooms: 3
Total Area: 174m²

City View Apartment
USD 410,000
Istanbul, Türkiye
Property Type: Apartment
Bedrooms: 3
Total Area: 69m²

Panorama Apartment
USD 400,000
Istanbul, Türkiye
Property Type: Apartment
Bedrooms: 2
Total Area: 90m²

The City Block
USD 388,304
Istanbul, Türkiye
Property Type: Apartment
Bedrooms: 2
Total Area: 115m²

Ispartakule Apartment
USD 300,000
Istanbul, Türkiye
Property Type: Apartment
Bedrooms: 1
Total Area: m²

Concept Apartment
USD 200,000
Istanbul, Türkiye
Property Type: Apartment
Bedrooms: 2
Total Area: m²

If you would like to get more information about any of the real estates above or to see photos or to get information about rentals, you can contact us.

Some real estates for sale

If you want to rent

Popular cities to settle in Türkiye

Istanbul, Muğla (Bodrum as a district), Antalya, İzmir, Ankara, Bursa, etc.

Reading the information on the page, you will find relevant and up to date information on questions you might be asking yourself before deciding whether you want to buy a home in Turkey.

With the Turkish real estate market ever expanding and growing at an impressive rate, the amount of foreign nationals looking to purchase in Turkey today is more than ever before. Turkey’s star is rising, and rising fast. Time has never been better to invest in Turkey, and we are here to help you do just that in the safest and most feasible way possible.

Please make the best use of our guiding writings and should you have any questions, do not hesitate to contact us.

Contact us

As a reliable service provider in real estate planning, we are here to advise you and your family. You can contact us for a free consultation.