Buying Office Property in Turkey

One ​​of the ways to invest in real estate in Turkey and obtain a passport in this country is to buy office property. Buying office property in Turkey is a guaranteed and safe way for profitable foreign investment and a reliable solution for obtaining citizenship. Buying office property in Istanbul, as a modern metropolis and the beating heart of the Turkish economy, is a smart investment. Even the wealthy in Turkey spend their annual profits on buying an office unit to maintain its value.
Buying office property in Istanbul and Ankara, where most government and private organizations and offices are concentrated, is a safe investment. Because in addition to preserving the value of your money and obtaining Turkish citizenship, it also generates income through capital gains and property rental. The condition for investing in office properties in Turkey is that the value of the property is at least 400 thousand dollars.

Buying an office complex in Turkey

Turkish office properties are units with administrative and office use that are built in office complexes or multi-purpose complexes. These units are used for renting as offices or offices. The most important features of Turkish office properties are as follows:
• Being in valuable locations
• Being in central areas of cities
• Being close to public transportation (metro, tram, taxi lines, etc.)
• Having a large number of rooms and a large space suitable for businesses
• Having parking and sufficient space for several cars
• Suitable capacity for renting and earning income in this way

Benefits of buying office properties in Turkey

Turkish office properties and apartments are usually located in central areas of the city and close to public transportation, centers and offices. Government, banks and valuable locations of the city are built. These units have public services such as elevators, parking lots, common entrances and security facilities due to their office and commercial use. Buying office properties 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 in this country by purchasing an immovable property worth at least $400,000. Accordingly, the first advantage of buying office property in Turkey is easy and fast obtaining a passport in this country. According to this law, if the price of the property you buy is at least $400,000, you can apply for a Turkish passport with its document.

✓ Earning rental income

Office 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 property in installments, you can manage its installments from the property rental office.

✓ High Profit Potential

Turkish office properties are located in areas where the possibility of price growth and return on investment is high. 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 office property in Turkey

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

Geographical location of the property

The location of the office property, such as urban area, proximity to main streets, access to public transportation and nearby amenities, affects the price of the property. Usually, properties located in areas with less office space and traffic have a higher price.

Property dimensions and area

The size and area of ​​the property affect its price. Larger properties with more facilities such as balconies, parking, number of rooms, being equipped with several elevators, etc. usually have a higher price.

Real estate project value

Another important issue in the price of Turkish office properties is the value of the property project you have invested in. Projects built by the government or in cooperation with the government and the private sector, projects with international developers, and properties built by prominent Turkish companies are valuable and will provide greater financial returns.
Office property prices vary in different regions of Turkey. For example, in the Sisli neighborhood of Istanbul, prices start at $400,000. While in the Maltepe, Kucukcekmece, Esenyurt and Pendik areas, you may be able to find properties for less.Do it. By receiving advice from the Turkish Home team, you can find an office unit that, in addition to being in a valuable location, has complete amenities and a reasonable price.

The price of purchasing an office property in Turkey in Iranian currency

It is a bit difficult to estimate the price of purchasing an office property in Turkey in Iranian currency, considering the daily price of the dollar and lira. However, considering the average daily price of the dollar (50 thousand tomans), to buy an office 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 a smaller budget of about 5 billion tomans, you can also buy a 60-70 meter office unit in good areas of Istanbul, Ankara and Izmir and rent it out. But keep in mind that the better the location of the property, the higher its rental price and the higher its yield and profit.

Laws for Buying and Selling Office Units in Turkey

The most important laws regarding buying office properties in Turkey are as follows:
• If your intention is to obtain a Turkish passport by purchasing office 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 property deed you intend to purchase has already been used by another foreigner to obtain a Turkish passport, you cannot apply for citizenship with that document. In fact, the property deed must be used for the first time for the purpose of obtaining Turkish citizenship.
• With the deed of an administrative unit, only one person and the first-degree family members of that person (except for children over 18 years old) can apply for Turkish citizenship.
• The property payment must be made in one of the official Turkish banks and 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 an office property.

Documents required to purchase an office property in Turkey

Documents required to purchase an office property and name the document are:

Documents required to transfer the document

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

Other required documents

1. Deposit tax in the name of the deed (equivalent to 4% of the declared purchase price of the property to the tax office)
2. Pay the fee related to the compulsory earthquake insurance (DASK)

Important points when buying office property in Turkey

There are several important points about investing in Turkey by purchasing a residential apartment, which we will explain below:

City and region of the desired property

Before you apply to buy office property in Turkey, be sure to check the city and region of your choice with Choose with the help of a professional real estate consulting team that knows the different regions of Turkey in terms of investment value. Especially if you plan to rent this property, pay attention to facilities such as proximity to main streets and squares, access to public transportation, etc. We recommend that you enter the page for buying property in Turkey for more information. In this section, by clicking on each of these houses, you can see photos and information about it.

Cash or installment purchase of property

In addition to the cash purchase method, you can also purchase office property in Turkey using the installment purchase method. In some real estate projects, there is the possibility of installment sales with 50% down payment and installments of 12 to 60 months.

Price and rental guarantee

It is better to buy properties that have a rental guarantee. Some projects, especially government or government-private sector real estate projects, have a rental guarantee and there is a customer for it from the moment of purchase.

Consultation for buying office property in Turkey with Home Turkish

Buying an office apartment in large cities such as Istanbul or Ankara is not an easy task and requires familiarity with the Turkish real estate and housing market, knowledge of real estate, and knowledge of valuable office locations. Therefore, we recommend that you definitely seek help from a professional Iranian real estate consulting team such as Home Turkish Holding to buy office property in Türkiye.
Home Turkish Real Estate Consulting Holding, as a specialized, trusted and experienced team in the field of consulting on 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 capital growth potential, so that you can benefit fromWith a Turkish passport, you can also enjoy the attractive benefits of profit and rental income from your property.