Investment

Advantages of Owning a House in Turkey for Foreigners

Update 13.04.2022

In the Presidential Cabinet, increasing the value of the real estate that should be purchased for exceptional Turkish citizenship was discussed. At the Cabinet Meeting, it was decided to increase the value of the real estate to be purchased for the application for exceptional Turkish citizenship from 250 thousand dollars to 400 thousand dollars.

According to citizenship for buying a house program in Turkey, foreign nationals are free to buy property anywhere in Turkey except for military zones. T̶h̶e̶ ̶t̶e̶r̶m̶s̶ ̶o̶f̶ ̶c̶i̶t̶i̶z̶e̶n̶s̶h̶i̶p̶ ̶f̶o̶r̶ ̶f̶o̶r̶e̶i̶g̶n̶e̶r̶s̶ ̶w̶h̶o̶ ̶b̶u̶y̶ ̶a̶ ̶h̶o̶u̶s̶e̶ ̶i̶n̶ ̶T̶u̶r̶k̶e̶y̶ ̶w̶i̶l̶l̶ ̶b̶e̶ ̶2̶5̶0̶ ̶t̶h̶o̶u̶s̶a̶n̶d̶ ̶D̶o̶l̶l̶a̶r̶s̶ ̶a̶s̶ ̶o̶f̶ ̶S̶e̶p̶t̶e̶m̶b̶e̶r̶ ̶2̶0̶1̶8̶.̶ ̶I̶n̶ ̶o̶t̶h̶e̶r̶ ̶w̶o̶r̶d̶s̶,̶ ̶f̶o̶r̶e̶i̶g̶n̶e̶r̶s̶ ̶w̶h̶o̶ ̶b̶u̶y̶ ̶r̶e̶a̶l̶ ̶e̶s̶t̶a̶t̶e̶ ̶i̶n̶ ̶T̶u̶r̶k̶e̶y̶ ̶f̶o̶r̶ ̶2̶5̶0̶ ̶t̶h̶o̶u̶s̶a̶n̶d̶ ̶D̶o̶l̶l̶a̶r̶s̶ ̶a̶n̶d̶ ̶t̶h̶e̶i̶r̶ ̶f̶a̶m̶i̶l̶i̶e̶s̶ ̶c̶a̶n̶ ̶b̶e̶ ̶T̶u̶r̶k̶i̶s̶h̶ ̶c̶i̶t̶i̶z̶e̶n̶s̶ ̶i̶m̶m̶e̶d̶i̶a̶t̶e̶l̶y̶.

The terms of citizenship for foreigners who buy a house in Turkey will be 400 thousand Dollars as of April 2022. In other words, foreigners who buy real estate in Turkey for 400 thousand Dollars and their families can be Turkish citizens immediately

Having a property in Turkey which is a country where real estate and construction sector is quite vivid is a very good investment method.

Advantages Owning a House n Turkey

The gates of citizenship is open to foreigners who buy a house in Turkey

Citizenship for buying a house is for foreigners who buy a real estate in Turkey for at least 400 thousand Dollars. The foreigner himself/herself and his/her family will have the right of Turkish citizenship within six months. In other words, you can both make a profitable investment and become Turkish citizen by buying property in Turkey. See our services; Turkish citizenship consultancy

In addition, you can get 3 years residence permit for yourself and your family by buying property for 650 thousand Turkish Liras and more and you will have the right to apply for Turkish citizenship if you live in Turkey uninterruptedly for 5 years in the property you have bought. Note: Within 5 years, you can stay outside Turkey for only 1 year, the purpose here is that the foreigner lives in Turkey.

It IS EASY TO GET RESIDENCE PERMIT FOR THE FOREIGNERS WHO BUY PROPERTY IN TURKEY.

Foreigners who buy property in Turkey can get residence permit provided that it is extended in certain periods, they also have the right to get residence permit for their families. With this residence permit, children of the foreigners can get education in Turkey. It is easier for foreigners with residence permit to find a job and it is easy for companies to get work permit.

What should foreigners do to buy property in Turkey?

Foreign nationals can buy real estate such as residence, office, land, field etc. in Turkey provided that they respect the restrictions specified in the law. If the foreign national is to buy a land or field, he/she is obliged to inform the Ministry of Environment and Urbanism within 2 years about the type of the building to be built on that land or field.

What are the restrictions in buying property for foreigners?

In accordance with the related law, following restrictions apply to buying property by foreigners:

  • A foreign national can buy maximum 30 hectares of property in Turkey in total.
  • A foreign national cannot buy property in military forbidden zones and security zones. Renting a property in these zones is only possible with special permission.
  • Foreign real persons can buy property up to 10% of the total area of the district where private property is located.
  • Properties which are determined by legal authorities not to be used in accordance with the purpose of purchasing and properties which are not notified to the Ministry of Environment and Urbanism within 2 years although they were purchased for building a construction may be subject to winding up by official authorities.
  • For companies with legal entity which are established in accordance with the laws in their own countries, abovementioned restrictions shall not apply.

What is the procedure to be followed for buying property?

A preliminary application should be made to the Land Registry Directorate. It is required to take a sequence number for preliminary application. For this, you can call 181 or make an application at https://randevu.tkgm.gov.tr/.

Following preliminary application, a date is determined for the transfer transactions between the seller and the buyer.

Following documents to be prepared within the day determined:

  • Title deed of the property
  • Passport of the foreigner who will buy the property and photocopy of the passport (Turkish translation of the passport may be required)
  • “Property Value Statement Document” to be provided from the relevant municipality
  • Compulsory earthquake insurance policy for the buildings such as house, office, etc.
  • 1 photo of the seller, 2 photos of the buyer
  • Certified translator if the buying foreigner cannot speak Turkish
  • If the transfer transaction is carried out with a power of attorney prepared abroad, the original or certified copy of the power of attorney (Turkish translation of the power of attorney is required).

Other Points to Be Taken into Consideration

You must learn if there are any restrictions on the property such as mortgage, lien, etc.

You can get necessary information from the Land Registry Directorate.

Residence permit is not required to buy property in Turkey.

Working with professional consultancy companies specialized in buying property will always be in favour of the buyer. For that reason, we recommend that you should get assistance from consultancy companies specialized in buying property. We offer private consultancy services in this matter, you can call us on 444 7 284.

Ata Kurumsal

Ata Institutional Consulting is a leading consultancy company in its field, with expert personnel, with 12 years of experience, providing residence permit, work permit, Turkish citizenship consultancy and corporate consultancy services to foreigners. Ata Instiutional Consultancy

221 Comments

  1. Hello, I’ve seen that many real estate companies provide free service for applying for residence permit and citizen. Is it advisable to go with them or is it better to hire a lawyer?

    1. Hello,
      Thank you for your comment.

      Most of real estate companies does not have experience in this kind of applications and free services are only part of advertisement. We would not recommend choosing a project according to the fact that application services will be provided out of charge unless you are sure that company is contracted with experienced lawyers.
      You can also take a look at http://www.propertyguideturkey.com for properties in Turkey and professional services for your Turkish Citizenship application.

      Best Regards,

  2. Hi! Im an Indian and is planning to purchase a property in Beylikduzu worth around 40000USD, I want to know the safe procedure to do it, like legalities, checks, etc, as i don’t want to be hoodwinked, also once I purchase the property would i be entitled to get residence permit for me and my family and is it extendable, what is the procedure. Many thanks in advance

    1. Hello,
      Thank you for your comment.

      We provide services regarding property evaluation, checking the legal status of the property and assistance throughout the purchase procedures. You can contact us at: info@expatguideturkey.com for more informations in this topic. Once you purchase a property, you and your family will be entitled for residence permit in Turkey. This kind of permit is usually granted for one year at first and later can be extended multiple times for up to three years each time.

      Best Regards,

      Your thoughts are important to us. Are you satisfied with the answers we have given to your questions? Please rate us and leave a comment.Click here

  3. What is the property minimum limit. Can I buy property of $20,000? Will I get citizenship after 5 years?

    1. Hello,
      Thank you for your comment.

      If you purchase any property in Turkey and stay within the country for 5 years uninterruptedly, you can be eligible for Turkish Citizenship. There is no minimum value of the property for this purpose.

      Kind Regards,

  4. Can a foreigner buy a property at less than $250,00, say $200,000 for example and get a residents visa? Thanks.

    1. Hello,
      Thank you for your comment.

      Foreigners, who purchase property in Turkey, can easily obtain residence permit. For this purpose value of property can be lower than 250.000 USD. Moreover, their spouse and children have a right to apply for residence permit on this basis as well. Application for residence permit can be made once the title deed is transferred to applicant. This kind of permit can be extended every time its duration is about to expire for as long as its holder will be owner of the property. At first, permit is usually given for one year. Later, each extension can be granted for up to three years.

      Best Regards,

    1. Hello,
      Thank you for your comment.

      The fee in amount of 3% of the value of property must be paid during title deed transfer.

      Best Regards,

  5. What is the best place to live if i wish to buy property in Turkey for elders and preferably in a Muslim/ Arab community ? Also how much is the average price for health insurance ? Thank you!

    1. Hello,
      Thank you for your comment.

      As a foreigner, the best place to live would be big cities, like Istanbul, Ankara or Izmir, where a lot of foreigners live and it is easier to communicate in English. You can check health insurance policy prices in the link below:
      Private Health Insurance in Turkey

      Best Regards,

  6. Hi, I would like to buy a property in Istanbul for approximately 100 000 USD. I do not need citizenship nor residence. I do not wish to live in Turkey all the time and will most probably be there 2-3 months/year (not consecutive), I am planning to rent out the appartment the rest of the time (air bnb or friends). Can I do so?

    1. Hello,
      Thank you for your comment.

      You are allowed to rent your property in Turkey while you would not be staying within the country. You will be obliged to pay income tax within Turkey for the rental income.

      Best Regards,

  7. Hi,
    1. Can I get resident permit if I buy apartment in Turkey for aprox. $30,000 and not gonna live and work there s (since my husband working in overseas) ?
    2. And are they going to prolong my resident permit every year just because of I have apartment there s but can just few month per year stay in Turkey? or I have to stay and work there s?
    3. Should as foreigner pay taxes on amount they mentioned for apartments ? what expenses (+%?) gonna have for buying apartment?
    tesekkurler!

    1. Hello,
      Thank you for your comment.

      After you purchase a property in Turkey, you will be eligible to obtain residence permit on this basis and there is no requirement for you to live or work in Turkey in order to mantain the residence permit. You will need to pay the same taxes for your property as Turkish citizens. Expenses connected with property purchase vary a lot depending on number of factors, for more informations in this topic you can contact us at: info@expatguideturkey.com.

      Best Regards,

    1. Hello,
      Thank you for your comment.

      Yes, foreigners still can benefit from Turkish Citizenship by Investment program by making property investment in amount of at least 250.000 USD. For more details regarding Turkish Citizenship by Investment, you can contact us at: info@expatguideturkey.com.

      Best Regards,

  8. Hello
    Can a lebanese citizen buy a house in turkey?
    And can i find a house in Istanbul in a maximum budget of 30.000$?
    And can i get a residence permit for a house like this and for how long the permit can be?
    Thak you in advance.

    1. Hello,
      Thank you for your comment.

      Lebanese citizens can purchase properties in Turkey. It is possible to buy a house for mentioned amaunt in Istanbul. After purchasing a property, foreigners can obtain residence permit for property owners. This kind of permit is usually granted for one year at first and later can be extended multiple times, up to three years each time.

      Kind Regards,

      Your thoughts are important to us. Are you satisfied with the answers we have given to your questions? Please rate us and leave a comment.Click here

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