Turkey is a developing country with an incredibly beautiful nature, between the two continents of Europe and Asia, which has experienced significant economic and urban development growth in recent years, and this trend continues. Despite the rumors and negative propaganda against Turkey, which have been carried out in order to prevent capital from leaving countries and flowing to Turkey, the desire to buy a house in Turkey to live and immigrate to this country is still increasing, and capital holders from all over the world choose to buy a house in Turkey with the aim of investing quickly.

Buying a house in Turkey In addition to being able to provide you with the possibility of obtaining residency and citizenship of this country, it is a golden opportunity to experience a valuable and profitable real estate investment. You can access your desired apartment, villa, office, shop and land through the extensive filing of Home Turkey Company and benefit from free consultation with experienced lawyers and real estate professionals with more than ten years of experience.

Benefits of Buying Property in Turkey

At first glance, it may seem that the most important advantage of buying an apartment in Turkey or any type of property is obtaining residency in this country or receiving a Turkish passport and using the benefits of citizenship in this country. But in fact, the most important advantage of buying a house in Turkey, given the upward trend in property prices in this country, is the experience of a profitable and ideal real estate investment. By buying property in Turkey, you will experience an extremely good return on investment in the short term.

Turkey is a combination of Western and European culture and traditional Asian culture. Families with children under 18 and concerned about their future prefer to educate and grow their children in a modern environment that is not too far from Iranian culture and customs.

Buying property in Turkey to obtain Turkish citizenship and passport

By purchasing properties worth at least $400,000, you can obtain Turkish citizenship and passport and enjoy certain benefits like a Turkish citizen. By obtaining a Turkish passport, it is possible for your spouse and children under the age of 18 to also receive a Turkish passport.

According to the laws of the Turkish Immigration Office, applicants for Turkish citizenship and passports who apply through real estate investment are not allowed to sell their property for 3 years and a “description” is placed on the property document. If they want to sell their property before the end of the 3-year period, they must first cancel the passport they received and remove the description of the document and then they can proceed to sell the property.

At the end of the 3-year period, Turkish passport holders can sell their property and their passport will still be valid without owning any property. Applicants for Turkish citizenship do not need to live in the country and can have Turkish citizenship and passport without being present in the country.

If you do not intend to immigrate and live in Turkey and your goal is only to invest and obtain a Turkish passport, you can purchase pre-sale projects and earn much more profit from purchasing this type of property.

Buying property in Turkey to obtain residency

By purchasing a property worth at least $200,000, you can obtain Turkish residency, which can be extended annually. After 5 years of extending this residency, you can apply for Turkish residency.

Residency through the purchase of property is different from Turkish citizenship and requires presence in Turkey. According to the law, in this type of residence, you can purchase a residential property unit with your foreign nationality and live in it, and you cannot rent out your property.

In real estate residence, a real estate document is required for each adult over 18 years of age. Those who apply for real estate residence as a family, the property document must be in the name of the head of the family, and under that category, the spouse and children under 18 years of age receive a real estate residence permit.

Another point that you should consider when buying property to obtain residence is that the property in question is not in a prohibited area (areas where the number of foreigners living in it exceeds the threshold).

Comparison of buying property in Turkey with other countries

You cannot find any European country that has such ideal conditions for investment and granting residence or citizenship. In the OECD region, Turkey is the largest housing market after the United States and ranks first and most dynamic in Europe.

The housing sector in Turkey has been growing for 59 consecutive months, which has a positive impact on Turkey’s economic growth. Turkey is the only country in the world where you can obtain citizenship and a passport by buying a property worth $400,000. To put it simply, by buying a house inTürkiye, in addition to high investment returns, you will receive a Turkish passport as a gift!
From the past 2 years to date, investors have earned 2.5 times (250%) profit in dollars by buying property in Turkey.

Given the excellent potential and bright future of property price growth in Turkey, residency or obtaining a Turkish passport is the minimum benefit you will gain from investing in property in Turkey.

The most important points of buying property in Turkey and obtaining citizenship

✓ Obtaining Turkish citizenship in a joint manner It is not possible. That is, real estate documents can only be used to obtain citizenship for a “single family”. Even if the property or properties purchased are worth $2 million, it is still not possible to obtain citizenship for multiple families.

✓ If your goal in buying property is to obtain Turkish citizenship and a passport, the owners of the properties in question must be Turkish citizens. Obtaining citizenship by purchasing from foreign owners or even foreign owners who have already obtained their citizenship is not possible, and this law also applies to builders. The presence of a foreign partner in the construction company can disrupt the process of obtaining citizenship.

✓ Each property must only be applied for once to obtain a passport. If a foreigner has previously obtained a passport with the property in question, you should refrain from purchasing that property.

✓ Newly built properties and buying from the builder are the best choices that can be used to purchase and obtain Turkish citizenship and a passport without the need for research.

✓ If you plan to apply for Turkish citizenship by combining several properties, either the property title must be registered in your name at the Notary Office or if you want to apply for a passport with a notarized contract, the properties must be purchased from a builder and in one copy of the contract, registered in your name at the Notary Office.
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Types of investment methods for buying property in Turkey

The goal of investment is to receive significant profits and liquidate the property in the shortest possible time. As you know, the price of newly built properties is higher than properties that have been built for several years in each region. As the building ages and the property deteriorates, the growth of the added value of the property stops and it is only in conditions of inflation that the price of properties that have been built for several years grows.

The best investment method is to buy from projects under construction and at the time of project sales (project launch). At the time of project launch, the prices announced by the builder are equal to the price of old houses in that region. That is, the lowest possible price (market floor) that you can buy and at every stage of the project’s construction progress, witness the increase in the price of your property and upon delivery, become the owner of a newly built property with high added value and excellent investment returns.

In recent years, Turkey has been the record holder for the highest number of tourists in the world. If you are not interested in buying from projects under construction, the best investment for you is to buy properties with an airbnb license (short-term daily rental license) and receive dollar rent.

If you want to live in the purchased property and the property under construction is not what you need, or you do not intend to rent out your unit and do not want to have income from rental, the best way to invest in real estate is to choose properties near the sea or the property you buy so that the economic and employment hubs are less than 20 minutes away and the travel costs to the employment hubs are low.

Many applicants, in addition to the goals of obtaining Turkish residency or citizenship, also want to benefit from investment profits. The types of property you can buy for investment in Turkey are:

Newly built property or apartment

By purchasing a newly built villa or apartment, you can easily apply for residency or a passport in the shortest possible time. These types of properties are of high quality due to their new construction, beautiful architecture, and modern and complete home equipment and facilities. You can buy new properties and apartments in Turkey in cash or installments (pre-sale).

Installment properties or apartments

In Turkey, ready-to-move-in properties are usually bought and sold on cash terms, and installment terms are possible for projects that are under construction. As we said before, investing in projects under construction will bring you higher profits.

In projects under construction and installment purchases, you canMake a 0% down payment and pay the remaining amount of the property in installments of 12 to 60 months, depending on the project.

A notable point in projects under construction in Turkey is that in these projects, shortly after construction starts, the property deed is ready for transfer from the municipality, which reduces investment risk.

Note that in Turkey, you can receive the property deed by purchasing in cash, and in purchasing with installment terms, you will initially have a notarized contract that is as valid as the deed, and you will receive the deed at the end of the installments and settlement of the property amount.

Second-hand properties

Properties whose owners are individuals are called second-hand properties. This means that the property may not be keyed, but since the owner is an individual and not a construction company, it can be sold as a second-hand property.

These types of properties are more suitable for investment and rental income. According to statistics, 97 percent of housing transactions in Turkey are carried out by Turks themselves, and among Turks, in order to keep the cost of the deed (4% of the transaction amount) lower, it is customary to declare the purchase price of the property to the document office much lower than the transaction amount. Since one of the requirements for obtaining a passport and citizenship or obtaining a residence permit is that the transaction and purchase amount of the property is officially transferred from the bank and the full payment amount is recorded on the deed, when buying a second-hand property with the aim of obtaining a residence permit and a passport, the seller of the property is subject to a high profit tax, which he is unwilling to pay.

Only properties that have been owned by the seller for 5 years benefit from tax exemption. Otherwise, the seller will add tax to the property price. For this reason, we recommend that you do not go for second-hand property with the intention of obtaining a passport or residence.

Buying an apartment in Turkey

The price of an apartment in Turkey is much cheaper compared to the price of an apartment in Iran and neighboring countries. You can buy several apartments in Turkey with the capital of one house in Iran!
You can buy ordinary and cheap apartments to luxury and expensive apartment units in different neighborhoods of small and large cities in Turkey. Below we will introduce you to the types of apartments in Turkey:

Normal Apartment (Normal Apartment)

Normal apartments are ordinary apartments of three, four or even five floors that do not have security, green space and a series of amenities such as a swimming pool, club, etc. There is no central air conditioning system in normal apartments and a package is used. These apartments are new and old in every area and have a low monthly building charge (aidat) that varies from 300 to 500 liras. Click to view the price list and purchase a normal apartment in Turkey.

Click to view the price list and purchase a normal apartment in Turkey.

Site (complex or town)

Site refers to a normal apartment complex, tower complex, villa complex or a combination of apartment types in Turkey that is located in a controlled and impassable space for non-residents of the complex and has green space and amenities and 24-hour security.
The type of amenities and materials used in the sites depends on the strength of the builder and the level of construction of the apartment. In the site, depending on the taste and level of the builder, the heating system can be a separate heating system and package in each unit, central heating system or underfloor heating. Split or ducted split systems are also used in the cooling system.

In most of the complexes, a smart home system has been implemented, and in new projects, solar panels and polyethylene tanks are used to collect rainwater, and it is possible to charge electric cars in the parking lot.

In Turkey, complexes are managed by companies, traditionally not selected from among the building members and depending on how many bedrooms the complex has. The amount of charge (aidat) is calculated per square meter per complex, and each unit is charged depending on its area. The monthly charge per square meter depends on the amenities of each complex.

Click to view the price list and purchase a residential complex (complex) in Turkey.

Residence

Residences are single towers that have become popular in Turkey in the past few years and use more modern and high-quality materials. They are built by a strong and international company that has complied with all the principles of earthquake resistance and has been able to obtain a construction permit from the government. Residences have security and amenities like 7-star hotels, but most of them do not have green spaces and courtyards, and compared to other types of apartments, they charge a monthly fee ofThey have a lot of space.

Villa

Villas in Turkey are built both in complexes and independently. There are old and new villas in most areas around the sea, forests and lakes in Turkey. Independent villas have an outdoor pool, sauna, jacuzzi and Turkish bath, and depending on the size of the villa, tennis courts, basketball courts, etc.

Villas that are inside the complex certainly have more amenities, especially security. The price of a villa in Turkey depends on the area, size and facilities. After the earthquake in Turkey, the number of applicants for buying a villa has increased. Click to view the price and purchase of a villa in Turkey.

Capital required to buy property in Turkey

The price of property in Turkey is completely different in different cities and regions and depends on various factors. The amount of capital depends on your purpose for buying property. If you want to find a property according to your goals and budget, you need to talk to our consultants at Home Turkey in advance. In this way, you will have the chance to buy the best house in Turkey.

But in general, if you intend to buy a house in Turkey to obtain residency, your minimum investment amount must be $200,000. Also, if you want to apply for Turkish citizenship, the value of the property you purchase must be at least $400,000. If your goal is to invest without the need for residency, you will need at least $100,000 in capital.

Best cities to buy a house or apartment in Turkey

The best cities you can choose to buy property in this country are as follows:

• Istanbul, Izmir, Trabzon, Ankara, Antalya and Bodrum

The cost of living in large and important cities like Istanbul is much higher than other cities, but by living in this city, which is the economic hub of Turkey, you have both income and living in beautiful nature.

One ​​of the important points that you should pay attention to when choosing your desired city is the type of purpose you have for buying property in this country. First of all, answer the following questions:

1. Do you intend to immigrate and live in Turkey?
2. Do you intend to create a job in Turkey after immigrating to Turkey and your job should be dependent on a specific location?
3. Do you want to buy property and invest in Turkey, but do not want to live in Turkey?

By answering the above questions, you can make a better decision to choose your city.

House prices in Turkey and its different cities

The price of buying a house in different cities in Turkey is different, and the average property price in different areas of each city is also different.

For example, in Istanbul, the starting price of a house in areas far from the center is $100,000 and reaches $4 million in upscale areas. In popular cities in Turkey such as Izmir, Bodrum, Antalya and Ankara, property prices are similar to Istanbul.

Laws for buying property in Turkey

According to Note 35 of the Turkish Real Estate and Land Law approved in 2012, buying property in Turkey is free for foreigners, except for countries prohibited in this regard. Currently, some European countries, including Cyprus, Belgium, the Czech Republic and Slovakia, are not allowed to buy houses in Turkey.

In addition to this, there are other rules:

• Foreigners are not allowed to buy property in military and security zones of Turkey.
• Each foreigner will only be able to buy a maximum of 10 percent of the properties and lands in each district or city and no more than that is possible.
• Each foreigner is only allowed to buy a maximum of 30 hectares of land in Turkey.
• It should be noted that foreigners are not allowed to buy houses in rural areas and near villages, so buying a house in Turkish villages is not possible, except for the purpose of obtaining citizenship of this country.

Documents required to buy a house in Turkey

To buy a house or any type of property in Turkey and receive its official title deed, you will need the following documents. These documents have been introduced based on the latest government regulations in 2022:

1. Translation of ID card and passport

Official translation of the applicant’s ID card and passport, which must be certified by a notary public. The translation of documents is done in a short time and costs approximately 1500 liras.

2. Vergi Nomarasi

Vergi Nomarasi is the same as the tax code. The tax number is issued by the tax office upon presentation of the passport and does not have a special legal process.

3. Biometric photo

This photo is taken according to specific standards and is known as a biometric photo.

4. Currency Conversion Certificate (Deviz Aleim Belgesi)

Deviz Aleim Belgesi or DAB is one of the important documents issued by the bank. The buyer must deposit the capital for the purchase of his property in a valid bank account in Turkey in dollars or euros and pounds and provide the bank with information about the property to be purchased.

The bank converts the currency entered into the account into lira at a rate higher than the Central Bank, which is to support foreign investors, and keeps it in your bank account until the day you instruct the bank to transfer the funds from your account to the seller’s account.

The Turkish banking system is connected to the document management system and informs the document management of the amount of currency converted into lira and the specifications of the property in question under DAB sheets and provides you with a copy of this sheet. This document is the Doviz Aleim Belgesi or Currency Conversion Certificate. The presence of this document is mandatory for foreigners in the process of naming the deed and purchasing the property.

5. Money Transfer Receipt

This receipt is confirmed by the bank and presented to the buyer. The money transfer receipt shows what amount the buyer has deposited into the seller’s or builder’s account on what date.

6. Dasak Insurance

Without this insurance, the property is not allowed to be sold and it is mandatory when naming the water and electricity meters of the house in the name of the buyer in the relevant offices. This insurance is the “Compulsory Natural Disaster Insurance in Turkey” which is implemented for home insurance against earthquakes and natural disasters and is of course mandatory.

7. Power of Attorney for Transfer of Deed

People who buy their property from construction companies must give a power of attorney to the construction company’s lawyers to name the property deed. In a second-hand property transaction where the owner is an individual, either party who cannot be present at the deed office at the specified time can give a power of attorney to transfer the deed.

This power of attorney is one of the necessary documents for the deed office when requesting (rendezvous) for the registration of the deed. It is important for people who want to issue this power of attorney in another country and outside of Turkey to go to the Turkish embassy in that country and issue this power of attorney there.

A power of attorney approved in Turkey is one that is registered and apostilled in the notary offices in Turkey (notary) or from the Turkish embassy in other countries. Dear compatriots, it is important to note that you cannot issue this power of attorney from the Turkish embassy in Iran, and to issue a power of attorney to buy and sell property or obtain citizenship, you must issue this power of attorney from within Turkey.

8. Getting a rendezvous

To complete the rendezvous form, the seller must get a rendezvous through the website of the Registration of Deeds Office. The Tapu Office (or the Deed Office) will announce the request for an appointment after 2 days to 2 weeks (this appointment will be announced to the seller and buyer via SMS). On the specified day, the buyer and seller will go to the Tapu Office to transfer the deed. If you do not speak Istanbul Turkish, the presence of an official court translator at the Tapu office is mandatory.

Costs of buying property in Turkey

In addition to the payment for buying a house in Turkey, there are other additional costs. These costs are as follows:

• 4% of the amount declared to the Deeds Registry (4% of the DAB sheet) as the transfer fee of the deed, which is the responsibility of the buyer. Projects that are in the urban demolition and reconstruction plan, the first buyer is exempt from paying the transfer fee of the deed.
• 2% of the purchased property is for the real estate agency commission, which is received from the buyer in second-hand properties (owned by a person). In projects where the purchase is made from the builder, the agency commission is paid by the builder and you do not need to pay the commission.
• 1 to 20% of the value-added tax that the buyer must pay. In order to support foreign investors, if the purchased property has a value-added tax of more than 1%, a one-time tax exemption is granted to the foreign buyer. Value-added tax in properties with a residential and metered deedThe tax is 1% for net area less than 150 meters and 10% for properties with residential title and net area over 150 meters. This tax is 10% for office and commercial properties with net area less than 150 meters and 20% for office and commercial properties with net area over 150 meters.
• 1% of the purchased property amount is deducted for property expert fees, such as installing water, electricity, gas meters and earthquake insurance, as well as the cost of capital turnover tax and translation and signature stamp of documents.

The most important criteria for buying a house in Turkey

In order for buying a house in Turkey and your investment to be successful, you must apply all of the following criteria together. You are responsible for protecting your capital and its growth.

Choosing an honest and experienced advisor

Not having sufficient knowledge of the laws and methods of housing transactions in Turkey, not being familiar with the cities and lifestyles of people in the regions, not being able to distinguish between mortgaged and debt-laden real estate documents, not knowing reputable and reputable builders who do not have problems obtaining a completion permit, not knowing the government’s strategy in urban growth and development plans, and most importantly, not being aware of real prices, makes having an experienced advisor essential when buying property in Turkey, which is the most important condition for your success in buying property outside your country.

Location of the house

The most important factor in pricing and growing your investment is location. Turkey is moving in line with first world countries towards reducing costs and becoming more economical.

Locations in Turkey are valuable where transportation costs are lower. That is, they are located next to the metro, metrobus and highway lines and are less than 20 minutes away from the employment center. Also, locations by the sea are always valuable and face price increases, because there is no land left for construction by the sea in large cities around the world.

Note that the concept of a great location in Turkey is slightly different from Iran. For example, in Iran, a house located next to the highway has a lower value, but in Turkey, land next to the highway belongs to the top builders as a privilege. Because the transportation costs are lower there.

House prices in Turkey

They have long said: Profit is in buying! In order to have a correct understanding of this proverb, I will draw your attention to another proverb; There is no cheapness without reason!
Don’t be fooled by the cheap price. All the criteria together can make you successful in buying a property and investing. An experienced consultant will compare the value of the house to the market for you when visiting projects and will let you know the price range by visiting other similar projects in the same neighborhood.
You can get help from the housing purchase services in Turkey and the Home Turkey collection to determine the value of your home.

Builder brand

Top and reputable builders in Turkey are international and very powerful builders and control Turkey’s energy, steel, tourism, clothing, etc. industries. They choose the best locations for construction in line with the urban development plan and sell properties with high quality and more affordable prices.
The priority of all Turks when buying property is to buy from top builders in Turkey. By buying from a famous Turkish builder, you have become the owner of a branded property that is always valuable.

House size and size

Turkish builders build properties in lower sizes to make houses more economical and reduce heating and cooling costs. For example, most one-bedroom apartments in Turkey are 50-60 meters and 2-bedroom apartments are 90-120 meters. We see high square meters only in luxury projects (for example, one-bedroom apartments of 110 meters and two-bedroom apartments of 200 meters).

Important points before buying a house in Turkey

The first step to buying a house and property in Turkey is to determine the purpose of buying the property and the second step is the amount of capital intended. In addition to this, you should also pay attention to the following points:

1. Choosing a reputable and reputable real estate agency in a fixed and specific location that includes a group of experienced consultants and experienced lawyers.
2. ⁠Match the specifications of the desired property with the information in the document.
3. ⁠Ask your consultant to provide you with the necessary documents to prove that there are no bank and tax debts and building charges.
4. ⁠Avoid buying properties without a construction permit and with a blue document. You may need to check with the municipality.
5. Ask who lives in your neighborhood and find out how the building is managed.
6. Get a receipt for the deposit you paid to reserve the property (kapura) with the stamp and signature of the construction company or the real estate agent who is between you and the owner.

Work Permit in Turkey by Buying Property

One ​​of the important questions that is usually asked is about obtaining a work permit in Turkey by buying a house. It should be explained that if you receive a Turkish passport, you will no longer need a work permit, because you have received Turkish citizenship. Keep in mind that you cannot obtain a work permit in this country by purchasing a house or apartment to obtain Turkish residency.

You can independently apply for a work permit by finding a suitable job. In fact, regardless of No matter how you have settled in Turkey, you must obtain a work permit in this country independently from the Turkish Labor and Social Affairs Department to be employed.

Conditions and methods of selling a house in Turkey

There are rumors about Turkey that say that foreigners suffer losses when selling property in Turkey and are forced to sell their property to Turks below the price!

This is not true. To sell a house in Turkey, your offer price should only be appropriate and in accordance with custom, and you should entrust the sale of your property to a reputable agency so that it can sell your property more easily with proper advertising. Owners who assign their property to multiple real estate agents will be more successful in selling it later.

If you decide to sell your property in Istanbul, you will reach a conclusion faster with the professional team of Hometurkie.

Should we go to a lawyer or a real estate agent to buy property in Turkey?

If you want to have a successful and profitable property purchase in Türkiye, go to the experts in this field. An experienced lawyer only rules the law, but is unaware of the lucrative cities and regions where the government’s strategic plans are being implemented, the regions and styles of their residents, the numerous projects and reputable builders, and does not have the expertise to calculate the real price of a property.

An experienced consultant has walked this path many times and has made many people home, knows the ins and outs of every builder and project, and knows how to bargain with them.

Home Turkey, with more than 10 years of brilliant experience in selling property, is a collection of expert and professional consultants in the matter of buying property in Turkey and has its own experienced lawyers to follow up on obtaining Turkish residency and passport, and offers you the best properties according to your investment goal and budget.