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Buying property in Turkey
How to buy property in Turkey?
Initially, the applicant must select the desired property. At this stage, visiting the property and reviewing ownership documents are of utmost importance. After reaching an agreement with the seller, a purchase contract is drafted, and a down payment is made. The next step is obtaining a military clearance, which is mandatory for foreign nationals. Once this clearance is obtained, the title deed is officially issued in the buyer’s name.
Purchasing property in Turkey, in addition to investment benefits, can also pave the way for obtaining residency in the country. However, it is highly recommended to consult with legal experts specializing in Turkish real estate before taking any steps.
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With its growing economy and strategic geographical location, Türkiye offers diverse investment opportunities with high return potential.
Buying a property in Türkiye is an exceptional opportunity to live and make a safe investment in a beautiful and growing country.
By investing in Türkiye, you can obtain residency in this country and enjoy the benefits of living in this beautiful country.
Buying a property in Istanbul is an exceptional opportunity to progress and invest and get a residence in Turkey.
|
city
|
The price per square meter of the apartment
|
The price per square meter of a villa house
|
|---|---|---|
|
Istanbul
|
1500-5000
|
2000-6000
|
|
Ankara
|
1000-2500
|
1500-3500
|
|
Izmir
|
1200-3000
|
1800-4000
|
|
Antalya
|
1000-2500
|
1500-4000
|
|
Bodrum
|
3000-6000
|
4000-8000
|
|
Bursa
|
800-2000
|
1200-2500
|
|
Konya
|
600-1500
|
900-1800
|
What are the conditions of immigration through the purchase of property in Türkiye?
First of all, the applicant must purchase a property worth at least 400 thousand US dollars. This property can be residential, commercial or land. The important point is that the property must not have been used by another person to obtain citizenship.
After buying a property in Turkey, the applicant must promise not to sell the property for at least three years. Also, providing a certificate of no bad background and health insurance is one of the other requirements of this process.
By meeting the mentioned conditions, the applicant can apply for residence and then Turkish citizenship. Of course, relative mastery of the Turkish language and familiarity with the culture and history of this country can facilitate the process of adaptation and integration into the society.
Includes transfer tax (typically 4% of property value), recording fees, legal fees, and real estate advisory fees.
Istanbul, Antalya, Ankara, and Izmir are the most popular options due to their high demand, favorable investment opportunities, and urban amenities.
By checking the property document (Tapu) and consulting with an expert lawyer, you can be sure of the correctness of the information and the absence of legal problems.
Due to the steady growth in real estate prices, infrastructure development and increasing demand from foreign buyers, the Turkish real estate market is a good option for long-term investment.
Dubai does not have a personal income tax, but some ancillary fees such as value added tax (VAT) apply to the purchase of goods and services.
Everything about buying property in Turkey
What are the factors affecting house prices in Türkiye?
The house price in Türkiye is influenced by many factors that can be divided into different categories. One of the important issues for buyers is the possibility of buying a cheap house in Türkiye. To achieve this goal, choosing properties that are located in low-cost areas or have simpler features can be a good option.
- Location is one of the most important factors. Properties located in the central areas of cities, close to commercial and recreational centers, as well as coastal areas with beautiful views, usually have higher prices.
- Another factor that affects the price of the house is the type and features of the property. The area of the infrastructure, the number of bedrooms, the age of the building, the quality of the materials used and amenities such as swimming pool, parking and security system all play a role in determining the price.
- In addition, the economic conditions of the country also affect the housing market. Inflation rate, currency fluctuations and government policies in the field of housing can increase or decrease prices.
What are the rules for buying property in Türkiye?
Buying a house in Türkiye has many rules, which we will discuss below.
Restrictions on buying property in prohibited areas
One of the most important laws is the restriction on buying property in prohibited areas. Foreign nationals are not allowed to buy property in some military and security areas.
The law of reciprocity
Also, the law of reciprocity is also relevant in buying property in Turkey. This means that citizens of countries that do not allow Turkish citizens to buy property in Turkey cannot buy property in Turkey.
The need to obtain a military license before making a transaction
Another important rule is the need to obtain a military license before making a transaction. This license is issued by the Turkish Ministry of Defense and is necessary to ensure national security and prevent possible abuses.
Official registration of the transaction in the notary office and payment of taxes
In addition, the official registration of the transaction in the notary office and the payment of taxes and related expenses are also among the things that must be observed.
What are the points of buying a property in Türkiye?
First of all, determine your purpose of buying property in Turkey. Are you looking for investment or planning to stay in this country? The answer to this question plays an important role in choosing the type and location of the property.
Another point that you should consider is the careful examination of property documents. Make sure the property has a valid title deed and has no legal issues. Also, it is necessary to visit the property in person and check its condition closely.
Consulting with a lawyer specializing in real estate matters in Türkiye is also very important. A lawyer can guide you in the legal process of “buying property in Turkey” and protect your rights.
What are the procedures for buying a house in Türkiye?
Buying a house in Türkiye has different stages that we will discuss below.
- First, you need to choose the property you want. This step includes searching the Turkish housing market, visiting different properties and comparing them with each other. After finding a suitable property, it is time to conclude a pre-sale contract with the seller. In this contract, the details of the transaction such as the price, terms of payment and the date of delivery of the property are specified.
- The next step is obtaining a tax number and opening a bank account in Türkiye. These steps are necessary to carry out financial transactions and pay expenses related to the purchase of property in Turkey. Then, you need to submit a request for a military license to the Turkish Ministry of Defense. This permit is mandatory for foreign nationals and is issued after necessary checks.
- After receiving the military permit, you can go to the notary office and register the final deed of the property in your name. At this point, you will pay the rest of the transaction amount and officially own the property. Finally, you can apply for Turkish residency by buying a property in Turkey.
| Description | step |
| Choosing a property | Searching the housing market, visiting different properties and comparing them to choose the right property. |
| Conclusion of the pre-sale | contract, signing the contract with the seller, which includes the details of the transaction, such as the price, payment terms, and the delivery date of the property. |
| Obtaining a tax number | Obtaining a tax number to perform financial transactions related to the purchase of property. |
| Opening a bank account | Opening an account in Turkish banks to pay expenses and carry out financial transactions. |
| Applying for a military permit | Submitting an application to the Ministry of Defense of Türkiye to obtain the necessary permit for the purchase of property by foreign nationals. |
| Registration of the property deed. | Refer to the notary office for definitive registration of the deed in the name of the buyer and payment of the remaining amount of the transaction. |
| Obtaining a Turkish residence. | Proceeding to obtain a Turkish residence through the purchase of a property. |
What are the conditions for buying a house in Türkiye?
One of the most important conditions for buying a property in Turkey is the citizenship of the applicant’s country. Citizens of some countries are not allowed to buy a house in Turkey due to legal restrictions. Also, the type and location of the property is also important. For example, foreigners are not allowed to buy houses in Turkey in military and security areas.
Other conditions for buying property in Turkey include having a valid passport, obtaining a Turkish tax number and opening a bank account in this country. Also, applicants must provide a certificate of no bad background and, if necessary, obtain a military license from the Turkish Ministry of Defense.
Comparison of property purchase in Türkiye with other countries
One of the most important advantages of buying real estate in Turkey is the relatively low price of real estate compared to European and North American countries. Also, the process of obtaining residence by buying a house in Turkey is relatively simple and fast. In addition, Türkiye enjoys a strategic geographical position and is considered a bridge between the continents of Asia and Europe.
Compared to countries like Portugal and Greece that offer Golden Visa programs, buying property in Turkey may require more investment to obtain residency. On the other hand, the cost of living in Türkiye is lower than in many European countries.
Ultimately, deciding whether to buy a property in Türkiye or other countries depends on various factors such as your budget, goals and priorities.
