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Buyers Guide TURKEY

Foreigners can freely buy property in Turkey, with a few exceptions in military zones and rural areas. It's essential to understand the legal requirements, including obtaining a tax number and ensuring the property has proper title deeds.

Steps to Buying a property

  • Research and find a property: Use online listings, real estate agents, and personal visits.
  • Hire a Lawyer: To handle legal due diligence and paperwork.
  • Sign a Sales Agreement: Pay a deposit to secure the property.
  • Complete Legal Checks: Ensure there are no outstanding debts or legal issues.
  • Transfer the Title Deed: Finalize the purchase and register the property in your name.

Working with a Real Estate Agent

A reputable real estate agent such as Zihov can provide invaluable assistance, from finding the right property to navigating the legal and financial aspects of the purchase. We are licensed and have good reviews from previous clients.

Cost of Buying Property in Turkey

When buying property in Turkey, you should budget for additional costs such as:

  • Taxes: Property purchase tax is typically 4% of the declared value.
  • Legal Fees: Budget around 1% of the property price for legal services.
  • Agency Fees: Real estate agents usually charge around 3% of the property price.
  • Other Fees: These might include notary fees, registration fees, and utility connection charges.

Financing Options

Mortgages for Foreigners

Foreigners can obtain mortgages from Turkish banks, although the terms and conditions might differ from those available to Turkish citizens. Typically, you can borrow up to 70% of the property value, with repayment terms of up to 20 years.

Payment Plans

Many developers offer flexible payment plans, especially for off-plan properties. These can include installment payments over a set period, sometimes with 0% interest.

Other Financing Options

Other options include personal loans, financing through international banks, or using savings and investments from your home country.

Legal Considerations

Property Ownership Laws

Foreigners can own property in Turkey with the same rights as Turkish citizens, except in certain restricted areas. It's crucial to ensure the property has a clean title deed and is free from legal disputes.

Residency Permits and Citizenship

Buying property worth at least $400,000 can qualify you for Turkish citizenship, provided you commit to keeping the property for at least three years. Alternatively, purchasing property can help you obtain a residency permit, allowing you to live in Turkey for extended periods.

Property Taxes

Property owners in Turkey are subject to annual property taxes, which vary based on the property type and location. Rates typically range from 0.1% to 0.6% of the property's value.

Benefits of Owning Property in Turkey

Potential for Rental Income

With a strong tourism sector, renting out your property can provide a steady income stream. Short-term holiday rentals are particularly lucrative in popular tourist areas.

Long-Term Investment Value

Turkey's real estate market has shown strong long-term growth. As the country continues to develop, property values are expected to rise, making it a sound investment for the future.

Quality of Life

Owning property in Turkey offers a high quality of life, with beautiful landscapes, a mild climate, and a rich cultural heritage. Whether you choose to live there full-time or visit periodically, you’ll enjoy a vibrant and welcoming environment.

Challenges to Consider

Market Volatility

Like any investment, the real estate market can be volatile. Economic fluctuations, political changes, and global events can all impact property values and rental income.

Currency Exchange Risks

Foreign investors need to be mindful of currency exchange risks. Fluctuations in the Turkish lira can affect the overall cost and value of your investment.

Bureaucratic Hurdles

Navigating the bureaucracy in Turkey can be challenging, especially if you're not familiar with the language or local processes. Hiring a good lawyer and working with experienced real estate agents can mitigate these challenges.

Tips for First-Time Buyers

Research and Due Diligence

Thorough research is crucial. Understand the market, visit properties, and gather as much information as possible before making a decision.

Choosing the Right Location

Location is key to a successful property investment. Consider factors like proximity to amenities, the quality of local schools, and future development plans for the area.

Future of the Turkish Property Market

The Turkish property market is expected to continue growing, driven by strong domestic demand and increasing foreign interest. Urban renewal projects, infrastructure developments, and a stable economy all point towards a positive future.

Global economic trends, such as changes in interest rates or international trade dynamics, can impact the Turkish real estate market. Staying informed about these factors can help you make better investment decisions.

Investing in property in Turkey offers numerous opportunities, from lucrative rental income to the potential for long-term capital appreciation. While there are challenges to navigate, the benefits make it a compelling option for many. By doing your research, choosing the right location, and working with experienced professionals, you can make a smart and rewarding investment in Turkey's vibrant real estate market.


Is it safe for foreigners to buy property in Turkey?

Yes, it is generally safe for foreigners to buy property in Turkey. The government has implemented regulations to protect foreign buyers, ensuring a secure transaction process.

What is the best city to buy property in Turkey?

The best city depends on your preferences and investment goals. Istanbul offers dynamic urban living, Antalya is perfect for holiday homes, and Izmir combines coastal charm with city amenities.

Can buying property in Turkey grant residency or citizenship?

Yes, buying property worth at least $250,000 can qualify you for Turkish citizenship. Alternatively, any property purchase can help you obtain a residency permit.

How can I finance my property purchase in Turkey?

Foreigners can obtain mortgages from Turkish banks, opt for developer payment plans, or use personal savings and loans from their home country.

Are there any restrictions on foreigners buying property in Turkey?

Foreigners can buy property in Turkey with some restrictions, such as in military zones and rural areas. Always check the specific regulations before proceeding with a purchase.



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