Buying Commercial Property in Turkey

One ​​of the best ways to invest in real estate in Turkey and obtain a passport in this country is to buy commercial property. Buying commercial property in Turkey is a guaranteed and profitable way to invest abroad and a safe way to obtain citizenship in this country. With the launch of the Istanbul Financial Center or IFM and the transfer of important government and private financial centers to this city, Istanbul will soon become the beating heart of the Turkish economy. By buying commercial property in this modern metropolis, you will have a 100% smart investment.
Buying commercial property in Istanbul and Ankara, given the concentration of the main branches of government and private organizations and departments and banks, is a safe investment. Even the wealthy in Turkey spend their annual profits on buying a business unit. Because while maintaining the value of money through capital gains and property rental, you will also have a guaranteed income. The condition for investing in commercial real estate in Turkey is that the property value is at least $400,000.

Benefits of Buying Commercial Property in Turkey

Commercial units in Turkey are usually built in the city center and close to the main streets or squares, public transportation, banks and valuable locations of the city. Due to their commercial use, these units have public services such as elevators, parking lots, common entrances and security facilities.
Buying commercial property in Turkey has several advantages:

✓ Obtaining a Turkish passport

According to the laws of the Turkish Immigration Office, applicants for a passport in this country can obtain a passport by purchasing a real estate deed worth at least $400,000. Accordingly, the first advantage of buying commercial property in Turkey is easy and fast obtaining a passport. According to this law, if the value of the property you buy is at least $400,000, you can apply for a Turkish passport with its deed.

✓ Earning monthly rental income

Commercial properties in Turkey have many fans and you can rent them out at a very good price after purchasing them. Renting these properties will generate income for you. Also, if you have purchased the desired property in installments, you can pay its installments from the property rental.

✓ High financial return and profitability

Turkish commercial properties are located in areas that will definitely increase in price and return on investment over time. Especially if you invest in valuable and multi-purpose projects (residential, office and commercial). Some of these projects have a 50% return on investment within the first 3 to 4 months of investment.

Price of buying commercial property in Turkey

The price of commercial property in Turkey depends on several different factors. These factors include:

Property’s geographic location

The location of the commercial property, such as the city, region, proximity to main streets or squares, access to public transportation, and surrounding amenities, affects the price of the property. Usually, properties that are located in commercial complexes or mixed-use projects (residential, office, and commercial) have higher prices due to their valuable locations.
For example, the price of valuable commercial properties in the Sisli neighborhood of Istanbul starts at $1,000,000. While in areas such as Emraniye, Maltepe, or Pendik, you can find valuable properties for less than $400,000.

Property dimensions and area

The size and area of ​​the property affect its price. Larger properties with more facilities such as parking, more rooms, being equipped with several elevators, etc. are more expensive.

Value of a real estate project

Another important issue in the price of commercial real estate in Turkey is the level of reputation and value of the real estate project you are investing in. Projects built by the government or in cooperation with the government and the private sector, projects that have international developers, and properties built by prominent Turkish companies are more valuable than other projects and have better financial returns.

Price to buy commercial property in Turkey in Iranian currency

Estimating the price to buy commercial property in Turkey in Iranian currency is a bit difficult considering the daily price of the dollar and lira. But considering the average daily price of the dollar (50 thousand Tomans), to buy a business unit worth approximately 400 thousand dollars and with the aim of obtaining Turkish citizenship, you need a capital of about 25-20 billion Tomans. Of course, with smaller or larger budgets, you can also buy in different areas of Istanbul, Ankara and Izmir.Buy a commercial unit. In general, the better the location of the property you want, the higher the monthly rental price and financial return.

Laws for Buying and Selling Commercial Units in Turkey

The most important laws regarding buying commercial property in Turkey are as follows:
If your intention is to obtain a Turkish passport by purchasing commercial property, you must comply with the minimum investment value law. The minimum investment amount for buying property with the aim of obtaining Turkish citizenship is $400,000.
If the commercial property deed you intend to buy has already been used by another foreigner to obtain a Turkish passport, you cannot apply for citizenship with that property deed. In fact, the property deed must be used for the first time for the purpose of obtaining Turkish citizenship.
The owner of the property you are purchasing for the purpose of obtaining Turkish citizenship must be Turkish or have a Turkish passport.
With a commercial unit deed, only one person and the first-degree family members of that person (except for children over 18 years of age) can apply for Turkish citizenship.
The property deposit must be made in one of the official Turkish banks in dollars, euros and pounds.
Given that the property in question must be residential to obtain Turkish residency, you cannot obtain Turkish residency by purchasing commercial property.

Documents required to purchase commercial property in Turkey

Documents required to purchase commercial property and name the document are:

Documents required to transfer the document

1. Official translation and original copy of the buyer’s passport and identification documents
2. Obtaining the buyer’s tax number
3. Completing the identity information form
4. Property value expert report (expert report)
5. Current property document
6. Seller’s ID card

Other required documents

1. Depositing the tax in the name of the deed (equivalent to 4% of the declared purchase price of the property to the tax office)
2. Paying the fee for the compulsory earthquake insurance (DASK)
3. Obtaining the Emlak beyan değer belgesi from the municipality
4. Filling out the kimlik bilgileri beyani formu form to determine the residence status of the foreign buyer
5. Paying the deed fee and past taxes and obtaining the tax exemption certificate from the municipality
6. Bank documents in case of using a credit card bank loan
7. Dewiz Aleim Belgesi and documents related to the bank payment of the property

Investing in Turkey by Buying Commercial Property

Turkish commercial properties are units with commercial use that are built in commercial complexes or multi-purpose complexes. These units are used for renting as shops, stores or branches of reputable brands. The most important features of commercial properties in Turkey are as follows:
• Being located in valuable locations
• Being located in central areas of cities close to squares or main streets
• Being close to public transportation (metro, tram, taxi lines, etc.)
• Having a beautiful and attractive decoration for product layout
• Having enough parking and space for several cars
• Suitable capacity for renting and guaranteeing monthly income

The best cities in Turkey to buy commercial properties

Buying commercial property in Turkey should It should be done in an area that is well-located in terms of tourism and you can count on its monthly rental income with peace of mind. The best cities in Turkey to buy commercial property are currently Istanbul, Antalya and Ankara.

✓ Istanbul

Istanbul is the tenth tourist hub in the world, the economic center of Turkey and the most important city in the Middle East after Dubai. Our first suggestion for buying commercial property is Istanbul. Different areas of this city in the Asian and European parts have ideal investment options. For example, the Finance City Business Center, the Zorlu Istanbul Project, the Emaar Project or the Skyland Project.

✓ Antalya

Antalya is the second most attractive city in Turkey for tourists and tourists after Istanbul. By investing in the new and modern shopping malls and malls that are being built in this city, you can have a good monthly rental income in addition to financial returns.

✓ Ankara

Ankara is the capital of Turkey and the economic highway of this country. Most of the government agencies, factories, and economic and production centers of Turkey are located in this city. If you plan to enter the business sector in this country yourself, Ankara is definitely a good option for buying commercial property in Turkey.

Important points when buying commercial property in Turkey

Buying commercial property has important points that it is better to know before investing. We will explain these points below:

• City, region and neighborhood of the desired property

Before you take action to buy commercial property in Turkey, be sure to select your desired city, region and neighborhood with the help of a professional real estate consulting team that knows different regions of Turkey in terms of investment value. Especially if you plan to rent this commercial unit, pay attention to local accessibility, proximity to main streets or important points of the city, access to public transportation, and…

• Having a monthly rental guarantee

Luxury and valuable commercial properties have a monthly rental guarantee. That is, they have a rental contract for at least 3 to 10 years by reputable brands. So it is better to buy properties that have a rental guarantee. In this way, you will be comfortable with earning a monthly and fixed rental income.
Some projects, especially government real estate projects or public-private partnership projects, have an active rental contract and are transferred to the new owner. That is, by investing in these projects, you will receive rental income from the first month of purchasing the property.

• Cash or installment purchase of property

In addition to the cash purchase method, you can also use the installment purchase method to purchase commercial properties in Türkiye. In some real estate projects, it is possible to purchase in installments of up to 50% down payment and installments of 12 to 60 months.

Consultation on buying commercial property in Turkey with Hometurkie

Buying a commercial unit in the developing and modernizing metropolises of Turkey, and most importantly Istanbul and Ankara, is not an easy task and requires familiarity with the Turkish real estate market, knowledge of Turkish commercial properties, knowledge of valuable commercial locations, and extensive experience in buying and selling property. Therefore, we recommend that you seek help from a professional Iranian real estate consulting team such as Home Turkish Holding to purchase commercial property in Turkey.
Home Turkish Real Estate Consulting Holding, as a specialized, trusted and experienced team in the field of consulting for buying and selling apartments and all types of residential, office and commercial properties in various cities in Turkey, offers you the best areas with reasonable prices and potential for capital growth so that you can benefit from the attractive benefits of profitability and monthly rental income from your commercial property while using your Turkish passport.