Buying a house in Turkey and providing you with the opportunity to obtain residency and turkish citizenship by real estate investment in this country is a very good opportunity to experience a valuable and profitable real estate investment.
At first glance, it may seem that the most crucial advantage of buying an apartment in Turkey or any type of property is obtaining this country or obtaining a turkey passport and using the turkish citizenship. But in fact, the most crucial advantage of buying a house in Turkey is 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 turkey citizenship by property investment.
According to the rules of the Turkish Immigration Department, applicants for obtaining turkey 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. Because the return on investment you will get in this way is many times more than the cost, you spend doing this.
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 Turkey passport is the least profit you will get from real estate investment in Turkey. Simply put, you will get a Turkey passport for free when you buy property in Turkey and get 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 foreigner’s desires to buy a house in this country is to turkey citizenship real estate and residency citizenship. For this purpose, the Turkish Immigration Department has established unique rules and regulations.
If you don’t have budget restrictions, you can get turkey passport and citizenship by buying a property worth at least 400,000 dollars. By obtaining a Turkey 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 turkey citizenship by property investment and by buying an installment property. The critical issue is the value of the purchased property, which must be at least 400,000$. This method is the most reliable way to obtain a golden visa turkey.
For turkish citizenship by real estate investment in this country, 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:
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. For turkey citizenship by property investment, you can buy all kinds of properties and apartments in cash or installments (advance sale).
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 property in installments is a deed of conveyance after making the advance payment and completing the legal formalities.
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”.
You can also invest in real estate or obtain a turkey 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.
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.
One of the important turkish citizenship requirements is your capital required to buy property in 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. If you want to apply for turkey passport, the value of the property you buy must be at least $400,000.
The best cities that you can choose to buy property in this country are the following 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:
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.
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:
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:
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.
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.
This photo is taken based on specific standards and is known as a biometric photo.
DAB (DÖVİZ ALIM BELGES) 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. it doesn’t matter your purpose is turkey citizenship by property investment or residence in turkey; DÖVİZ ALIM BELGES shows that you have invested in USD (and Euro or Pound) with your personal information.
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.
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.
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.
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 Tapu 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 Tapu office on the specified day to transfer the document. If you are not fluent in Turkish, an official judicial translator at the Tapu office is mandatory. It’s an important steps of turkey citizenship by property investment.
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:
The house must have a kat irtifakı affidavit or six dongs kat mülkiyeti document, which is certainly a six-dong 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.
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.
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.
When buying a house in 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.
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 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 a house 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:
3.Considering your circumstances, look for a property close to public transportation, restaurants, pharmacies, hospitals, shopping centers, etc. If purpose is turkey citizenship by property investment, be sure to consider the amenities and location of the property.
If you are not fluent in Istanbul or Turkish and need experience in buying and selling property in 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 (Turkish Home), with more than 10 years of brilliant experience in immigration to Turkey, is one of the best professional real estate buying consultants in Turkey to get turkey passport, who offer you the best real estate according to your investment goal and budget.
Owning a home is a keystone of wealth… both financial affluence and emotional security.
Suze Orman