Property for sale in Turkey
Turkey is one of the advanced and extremely beautiful neighboring countries that has experienced significant economic and urban development growth in recent years, and this trend continues. The desire of Iranians to buy a house in Turkey to live and immigrate to this country is increasing every day, and many people with capital purchase property Turkey to invest quickly.
Buying a property for sale in turkey and providing you with the opportunity to obtain residency and citizenship in this country is a very good opportunity to experience a valuable and profitable real estate investment.
Advantages of buying property for sale in turkey
At first glance, it may seem that the most crucial advantage of buying an apartment in Turkey or any type of property Turkey is obtaining this country or obtaining a turkey passport and using the citizenship of this country. But in fact, the most crucial advantage of buying houses for sale in turkey are the experience of a profitable and ideal investment in property due to the progress of property price growth in this country. You will experience an excellent return quickly by purchasing a Turkey property.
According to the rules of the Turkish Immigration Department, applicants for obtaining citizenship in this country who apply for real estate investment cannot rent or sell their property for the first three years because “description” is written on the property document. But after this period, you can sell the property, and your passport will still be valid. Of course, if you do not intend to immigrate to Turkey and your goal is only investment, you can buy pre-sale projects and get much more profit from this property.
✔ Comparison of property purchase in Turkey with Europe
You need help finding a country with ideal investment and citizenship residence conditions. Considering the excellent capital and the bright future of lacquer price growth in Turkey, staying or getting a Turkish passport is the least profit you will get from real estate investment in Turkey. Simply put, you will get a Turkish passport for free by buying a house in Turkey!
Because the return on investment you will get in this way is many times more than the cost, you spend doing this.
Buying property Turkey to obtain residency or citizenship
According to the report of the Turkish Statistical Office in 2018, about 40,000 houses in different cities of Turkey by foreign nationals and investors from countries such as Russia, Germany, Sweden, Great Britain, the Netherlands, the United States and foreign nationals from Middle Eastern countries such as Iran, Iraq, and Kuwait, Jordan and Saudi Arabia have been purchased.
One of the most important reasons foreigners desire to buy property for sale in turkey is to obtain residency and citizenship in this country. For this purpose, the Turkish Immigration Department has established unique rules and regulations. To read more about the conditions for obtaining a Turkey passport by buying property, you can refer to “turkey citizenship by property investment” article.
In general, you can buy property in Turkey in two ways:
✔ Purchase of property worth at least $75000 to obtain permanent residence in Turkey
If you want to apply for permanent residence in Turkey by buying a property, the minimum investment amount and the price of the house you choose must be 75 thousand dollars. It doesn’t matter if the property you are buying is new construction or second hand, installment or cash purchase; it doesn’t even matter if the property you are looking for is a house or commercial property (or land); the important thing is that the price of the property you are looking for is at least $75,000.
The indiscriminate granting of all types of residences to foreigners has caused problems such as inflation, property prices, and illegal employment of immigrants of illicit jobs, etc., for the Turkish government. For this reason, the government is forced to declare some areas as prohibited areas.
Prohibited areas are neighborhoods and areas where the number of foreign nationals living in them is more than 25% of the total population of that neighborhood or region. If your purchased property is located in prohibited areas, your application for permanent residence will not be accepted.
✔ Buying a property Turkey worth at least $400,000 to obtain a Turkish passport and citizenship
If you don’t have budget restrictions, you can get Turkish citizenship and a passport by buying a property worth at least 400,000 dollars. By obtaining a Turkish passport, you will also be able to obtain the passports of your first-class family members. It doesn’t matter if your initial capital is 400 thousand dollars. You can also apply for a passport by buying an installment property. The critical issue is the value of the purchased property, which must be at least 400,000$.
Types of investment methods to buy property Turkey
For real estate investment in Turkey, it doesn’t matter if the property you want is newly built or second-hand, residential or commercial, or even land, and it doesn’t matter if you bought it in cash or installments; the important thing is your “investment amount.” Based on this, the types of property that you can buy for investment in Turkey are:
✔ Newly built property or apartment
Buying a newly built villa or apartment allows you to apply for residency or a passport easily and in the shortest possible time. These properties are of high quality due to their new construction, beautiful architecture, and modern and complete home equipment and facilities. You can buy all kinds of properties and apartments in Turkey in cash or installments (advance sale).
✔ Installment property or apartment
The following method is to buy installment or pre-sale property. By purchasing commercial or residential real estate in installments, you can deposit your initial capital amount as an advance payment to the account of the builder or property owner and pay the rest in installments of 12 to 60 months.
One of the advantages of buying the homes for sale in turkey in installments is a deed of conveyance after making the advance payment and completing the legal formalities.
✔ Second-hand estate
Another option you have for real estate investment is buying second-hand real estate. Of course, purchasing second-hand properties is not as easy as newly built properties, and it has its own legal procedure, which we will explain in a detailed article about “buying second-hand properties”.
✔ Commercial real estate
You can also invest in real estate or obtain a passport and residence by purchasing real estate with an office and commercial location. An essential thing about commercial real estate is the location of the property, its investment, and its rental value. Reputable Turkish Home Holding offers you commercial properties previously reserved by reputable brands and has 3, 5, and sometimes 10-year rental guarantees.
✔ land purchase
You can apply for Turkish citizenship by buying land. Of course, regarding the land purchase, it is essential to act quickly to build it. According to the laws of Turkey, you only have up to 2 years after buying the property to proceed with its construction. After the construction of the land, you will experience significant profits.
Buying an apartment and turkish home for sale
Apartment prices in Turkey, especially in neighborhoods with cheaper rates, are much lower than in Tehran apartment prices. In some areas, you can buy two apartments in Turkey with the capital of buying a house in our country!
You can buy ordinary and cheap apartments to luxury and expensive apartment units in different neighborhoods in Turkey’s small and big cities. In the following, we will introduce you to the types of apartments in Turkey:
☑ Normal apartment
Standard apartments are three-, four-, or finally, five-story apartments that lack security guards, green spaces, and amenities such as swimming pools, gyms, etc. There is no central air conditioning system in typical apartments, and a package is used. These apartments are new and old in every area and have a low monthly building charge (IDAT) that varies from 30 liras to 150 liras.
☑ Complex or town
A site is a typical complex of apartments, a complex of towers, a complex of villas, or a combination of all types of apartments in Turkey, which is located in a controlled space that cannot be passed by other than the residents of the complex and has green space and amenities. The type of amenities and materials used in the sites depends on the manufacturer’s strength and the apartment’s level of construction.
In most sites, the heating system is a package, and they are installed separately inside each unit. Also, some sites may have a central heating system. The cooling system in the sites is in the form of a split, which is usually purchased and installed by the buyer or tenant. The useful life of this type of apartment in Turkey is twenty years.
The monthly charge (aidat) in the sites depends on how many bedrooms there are. Usually, the average for one-bedroom units is 220 liras and for two-bedroom units is 270 liras, and the monthly charge depends on the welfare services of each site and may be lower or higher than these prices.
☑ Residence
Residences are single towers that have been common in this country for several years, and they use more modern and better materials than other types of apartments. The residences have guards and comfort facilities but do not have green spaces and grounds. One of the best advantages of residences is having an antenna system and central ventilation. The monthly charge (aidat) in residences is more expensive than in cities.
☑ Villa
Villas in Turkey are built both on the site and in independent form. There are old and newly built villas in most areas around the sea and lakes in Turkey. The independent villas have an outdoor pool, sauna, jacuzzi, and Turkish bath, depending on the estate size, tennis courts, basketball courts, etc.
Villas that are inside the site certainly have more amenities. The price of an estate in Turkey depends on its size and facilities. When buying a villa in Turkey, you should consider that the monthly charge (aidat) in villas is regarded as the most expensive charge of apartments, and their monthly charge is from 1500 lira up.
Capital required to buy property Turkey
Property prices in Turkey are entirely different in different cities and neighborhoods and depend on various factors. If you want to find a property that fits your budget, you must talk with our Turkish Home consultants. This way, you can make the best choice in Turkey to buy a house by paying your budget.
But in general, if you intend to buy houses for sale in turkey to obtain residence, the minimum investment amount should be 75,000 liras. Also, if you want to apply for Turkish citizenship, the value of the property you buy must be at least $400,000.
The best cities to buy a house or apartment in Turkey
The best cities that you can choose to buy property in this country are the following cities:
- Istanbul, Izmir, Trabzon, Ankara, Antalya, Bodrum, and various neighborhoods of these cities.
The cost of living in big and important cities like Istanbul and Ankara is much higher than in other cities. Still, living in these areas gives you access to all amenities, entertainment, education, and treatment. One of the essential points that you should pay attention to when choosing your desired city is the type of your goal of buying property in this country, and you should answer the following questions:
- Is this an investment property?
- Are you going to use it for your permanent residence?
- Do you only use this property for vacations?
By answering the above questions, you can make a better decision in choosing the city where you want to buy the property. Most of the time, investors and foreigners in Turkey are willing to buy houses in cities such as Antalya, Izmir, Istanbul, Alanya, Fethiye, Ankara, Bursa, and the Balkans.
House prices in Turkey and its different cities
Buying a house is different in different cities in Turkey, and the average property price is different in other neighborhoods of each city. For example, the cost of an apartment in Bursa Turkey starts from 55 thousand liras, and the price of buying a house in Bursa Turkey in Mustafa Kamal Pasha areas begins from 55 thousand liras up to 6 million liras in Mudania and Nilufer areas.
So, as you can see, the prices of houses and properties are different according to the location of the neighborhoods and their facilities.
Property purchase rules in Turkey
According to Note 35 of the Law on Real Estate and Lands of Turkey, approved in 2012, buying property in Turkey is free for foreigners, except for prohibited countries. Currently, some European countries, including Cyprus, Belgium, the Czech Republic, and Slovakia, do not allow buying a house in Turkey. In addition to this, there are other rules:
- It is not possible for foreigners to buy land in Turkey’s military and security areas.
- Each foreign national will only be able to purchase a maximum of 10% of real estate and land in each district or city, and no more than that is possible.
- Each foreign national can only buy a maximum of 30 hectares of land in Turkey.
- It should be noted that foreigners are not allowed to buy houses in rural contexts and near villages, so it is impossible to buy houses in Turkish villages except to obtain citizenship in this country.
Documents required to buy turkey property
You will need the following documents to buy a house or any type of property in Turkey and receive its official document. These documents were introduced based on the latest approvals of the government of this country in 2022:
1. Translation of birth certificate and passport
The notary office must approve official translation of the applicant’s birth certificate and passport. Translation of documents is done in a short period and costs about 500 liras.
2. The tax code
The tax number or registration form is issued by the tax department upon presentation of the passport and does not have a specific legal process.
3. Biometric photo
This photo is taken based on specific standards and is known as a biometric photo.
4. Certificate of currency conversion
DAB is one of the essential documents issued by the bank. The buyer must open a bank account and deposit the property amount in dollars (or euros and pounds) to that account. The paper the bank provides to the buyer as a bank document for the payment of this amount is a bill of exchange or currency conversion certificate. This certificate shows that the buyer has invested in USD (or Euro and Pound) with his personal information. This sheet is mandatory in all stages of naming the document and buying the property.
5. Receipt of money transfer
This receipt is approved by the bank and presented to the buyer. The money transfer receipt shows what amount the buyer deposited to the seller’s or property developer’s account on which date.
6. Dusk insurance
This insurance is necessary for the basic facilities of the property to be granted to the buyer. This insurance is the “mandatory natural disaster insurance in Turkey,” which is implemented to insure homes against earthquakes and natural disasters, and of course, it is mandatory.
7. Power of attorney to transfer the document
Power of attorney is for people who buy their property from construction companies. These people must give power of attorney to the builder to go through the process of naming the property document.
8. Taking a rendezvous
To complete the rendezvous form, the seller must make a rendezvous through the website of the document registration office. After two days to 2 weeks, the Tapo office (or the document office) will announce the appointment request (this time will be notified to the seller and buyer via SMS). The buyer and seller go to the Tapo office on the specified day to transfer the document. If you are not fluent in Turkish, an official judicial translator at the Tapo office is mandatory.
Property purchase costs in Turkey
Besides the main cost and the house price in Turkey, you have to pay other side costs to buy an apartment in Turkey. These costs are as follows:
- 4% of the purchased property is the buyer’s responsibility. In a limited number of projects, half of the cost is the responsibility of the builder and the buyer.
- 2 to 4 percent of the purchased property is for the commission of the real estate company. Of course, Turkish Home does not receive real estate commissions from its customers due to having a sales representative from Turkish manufacturers.
- 2% of the amount of the purchased property is deducted for the expenses of the property expert, the name of the water meter, electricity, gas, and earthquake insurance, as well as the cost of capital turnover tax and the translation and signature stamp of the documents.
The most important criteria for buy house in turkey
Purchase property and buying a home in Turkey are based on different standards, which we clarify in the following section. To experience a successful investment, you need to keep the following points in mind:
✔ House document
The house must have a kat irtifakı affidavit or six dongs kat mülkiyeti document, which is certainly a six-doing document better, and that the final built house has not been changed against the project and has finished work. The share amount of each shareholder is specified in the document. The word “residential” is used in the title of the document. Note that the buyer of your house in Turkey cannot be a mother, father, sister, brother, or child of brothers and sisters.
✔ Place and location of the house
Try to choose something other than local neighborhoods that are only Turkish. Foreigners are not treated as friendly in native neighborhoods, and there is less security. If you buy a house in the native neighborhoods of Turkey, you should consider renting it only to a Turkish person.
✔ House prices in Turkey
Compare the Home’s market value. Although it is not an easy task to determine the exact price of a house, you can get help to determine the house’s value from the services of buying real estate in Turkey and Home Turkey.
✔ Size of the house
When buying property Turkey, the square footage is not used much, and the criteria for buying a house is more with the number of bedrooms. Having a balcony is a high point for Turkish people, so in a prominent place, they prefer a big balcony instead of a big reception hall.
✔ Facilities and accessibility of the house
For those who live in big cities, easy access to transportation and proximity to social centers significantly improve their quality of life. Proximity to shopping centers increases the value of the property and saves time.
The presence of a real estate agent in the transaction
The presence of a real estate agent, in addition to knowing the neighborhood and facilities and accesses, can help you identify reliable builders and properties with completion permits and the document approval process, and the owner’s lack of tax liability to the government.
Unfortunately, some people go directly to property owners and builders to avoid real estate commission fees, only to find out later that they have received a fake document or that an untrusted builder has sold the same unit to multiple people. Paying the commission is a small cost for not incurring a significant loss, and it is more prudent and rational to use real estate advice to buy houses for sale in turkey!
Important points before buying a property for sale in turkey
The first step to buying a house and property in Turkey is determining the budget. It means that it is essential to determine your budget correctly at the beginning of the house search so you save your time and energy.
In addition, observe the following points:
- Consider all the conditions and facilities of the house you need because returning or canceling after buying a house in Turkey is a rather tricky task. That’s why it’s essential to evaluate all the suitable home options before deciding so you don’t regret it.
- We recommend that before any action, you choose an experienced institution and lawyer in this regard so that they can give you the necessary advice in the selection and steps of the house.
- Considering your circumstances, look for a property close to public transportation, restaurants, pharmacies, hospitals, shopping centers, etc.
- Check the property for complete compliance with the specifications given in the deed or topo. In addition, it is recommended to ask the neighbors about possible problems with the property.
- make sure that the property does not have debts, debts of various bills, etc. Make sure that the property is not mortgaged by someone else and that you have no rights.
- It also makes sure of problems related to municipal permits.
- When depositing the property’s pre-purchase, be sure to receive from the seller and deposit the rest of the money in parallel with the transfer of the document.
Work permit in Turkey by buying property
One of the essential questions that are usually asked is about obtaining a work permit in Turkey by buying a house. It is necessary to explain that you do not get a work permit by purchasing a house or apartment in Turkey!
But remember that you can independently obtain a work permit by finding a suitable job. Regardless of how you became a resident of Turkey, you must obtain a work permit in this country independently from the Turkish Labor and Social Affairs Department.
Conditions and how to sell a house in Turkey
Selling a property in Turkey is easier than it seems. When selling a unit in Turkey, you need to be able to advertise correctly and use photos and complete descriptions for better sales, and it doesn’t matter if you intend to sell a villa in Turkey or an apartment.
Some advertisements say foreigners suffer when selling property in Turkey, which is invalid. To sell a house in Turkey, you only need to have the right price and do the proper advertising.
Why should we seek help from a consultant to buy a property in Turkey?
If you are not fluent in Istanbul or Turkish and need experience in buying and selling property Turkey, be sure to consult an expert and experienced consultant. Because the professional real estate consulting teams are thoroughly familiar with the laws of Turkey and the types of real estate in this country, they will introduce you to the fastest routes to complete the documents, and most importantly, they will suggest the best areas with the future of investment and more profitability for purchase.
Our team (Home Turkei), with more than ten years of brilliant experience in immigration to Turkey, is one of the best professional real estate buying consultants in Turkey, who offer you the best real estate according to your investment goal and budget.
Foreigners can buy any property in Turkey under their own name, as long as the properties are in cities, not in villages, and not in restricted areas.
No, it is safe and, in most cases, a healthy real estate investment; of course, on the condition that you buy from a reputable real estate such as Home Turkei.
Turkey properties offer a good return on investment rates. Real estate in Turkey gains good value yearly and this brings the advantage of making a good profit when reselling.
In turkey housing is cheap compared to Other Countries. Turkey’s real estate market was late to the international level. So, the prices of homes attract foreign nationals from many different countries.
Turkish residency by investment involves an investment of no more than USD 750,000.