Everything you need to know about buying property in Turkey for foreigners

With the ongoing development in Turkey, and the progress in construction and infrastructure, the country is witnessing a significant influx of foreigners seeking to buy property. So, what are the ways and means for foreigners to own property in Turkey, and what are the best offers from Imtilak Real Estate?

Can foreigners buy property in Turkey?

Of course, foreigners can buy and own property in Turkey and register it in their name at the land registry offices, and then apply for Turkish citizenship if the property is eligible for foreigners to apply for citizenship.

There are five countries excluded from this: North Korea, Cuba, Greek Cyprus, Syria, and Armenia.

Freehold law in Turkey for foreigners

The freehold law for foreigners in Turkey was enacted in 2012, registered under number 35 of the Law on Registration of Properties and Owned Lands, which allows foreigners to own property provided it does not exceed 30 hectares (300,000 m²) across Turkey.

Advantages of buying property in Turkey for foreigners

After owning the property, there are many advantages to buying property in Turkey for foreigners, including:

Obtaining a real estate residence permit in Turkey for one year, renewable.

Applying for Turkish citizenship by purchasing a property worth $400,000 or more.

Investing in property for profit in the Turkish market.

Permission to own warehouses and commercial shops for trading purposes.

Conditions for buying property in Turkey for foreigners

To buy or own property, it must not be located in a security zone or adjacent to a military area, and the property must not exceed 30 hectares (300,000 m²) if the properties are distributed across Turkey. If the property is within one administrative area, it must not exceed 10% of the total area of that region.

Required documents for buying property in Turkey for foreigners

• Title deed (Tapu).
• Real estate appraisal document.
• Earthquake insurance certificate (DASK).
• The original passport, along with a translated and notarized copy at the notary in Turkey.
• Personal photo of the property seller and two biometric photos of the buyer (4 × 6 cm).
• Tax number.
• Currency exchange document (DAB), which proves the exchange of foreign currency.

Read also: Buying property in Turkey for foreign retirees

Advantages of real estate investment in Turkey

Some people buy property in Turkey for housing and stability, others for tourism, holidays, and relaxation at certain times, and some for investment and profit. However, investing in property for profit should be for the long term to increase the chances of profit and raise the property value.

Since the real estate market in Turkey is active and in high demand, the high investment returns are a major advantage of investing in Turkish real estate.

Additionally, the support that investors receive in Turkey is considered a significant benefit. Exemption from value-added tax and the real estate residence permit are among the most important advantages for investors in the real estate sector in Turkey.

Best cities to buy property in Turkey for investment

1- The city of two continents: Istanbul

Real estate experts agree that Istanbul is the top choice for real estate investment due to its unique cultural, geographical, natural, demographic, and economic features.

2- Antalya

In terms of tourism popularity and natural landmarks, Antalya has become the favorite city for Russian and European tourists, increasing its real estate value and activity in the property market.

3- Trabzon

If Antalya is favored by Europeans, Trabzon is generally preferred by Arabs because of its natural beauty, combining green and blue, and its tranquility and comfort, making it an important city for real estate investment.

4- Ankara

The capital Ankara is no less than other famous cities in terms of moderate climate, suitable population density, beautiful nature, and remarkable real estate activity, making it one of the most important cities in this field.

5- Bursa

With its unique geographical location close to Istanbul, enchanting natural beauty, and population density, Bursa is considered one of the key cities for real estate investment.

Recently, cities such as Kocaeli, Sakarya, Yalova, and Bodrum have also shown the elements of successful real estate investment, and are moving forward towards more progress and advancement.

Imtilak Real Estate offers: Distinctive properties at reasonable prices and integrated services

Imtilak Real Estate offers you safe real estate investment opportunities in major and vital cities such as Istanbul, Antalya, Trabzon, and Bursa, at reasonable prices and with integrated services from the airport to owning the property, with the highest quality standards and government guarantees according to the highest criteria. All spaces, options, and locations overlooking the sea and nature. To achieve this, all you have to do is contact Imtilak Real Estate, the real estate experts in Turkey.

Edited by: Imtilak Real Estate©