All FAQ About Real Estate
Yes, Turkish citizenship can be obtained by purchasing property or multiple properties with a total value of at least $400.000 USD, provided the properties are not sold for three years.
Yes, you can sell the property after three years.
You can buy apartments, houses, or land.
It usually takes about 3 to 6 months.
Yes, the wife and children under the age of 18 can obtain Turkish citizenship.
No, it is not necessary to speak Turkish to obtain citizenship.
Property residence is a permit that allows foreigners to obtain residency in Turkey when purchasing property.
Yes, family members can also obtain property residency when purchasing property.
Property residency is usually valid for one year and is renewable.
It usually takes one to three months to obtain property residency.
Yes, you can open a bank account even if you are renting a home.
You must pay income tax, value-added tax, and property tax if you own property.
Yes, foreigners can obtain bank loans to purchase property in Turkey. Loans are provided based on the terms and guarantees specified by the bank.
Areas such as Besiktas, Beyoglu, and Sariyer are among the most prestigious areas that offer luxury real estate options.
Luxury properties typically feature a strategic location, panoramic views of the Bosphorus, modern interiors, and high-end services such as security and swimming pools.
Returns vary depending on location and demand, but in general, Istanbul is seeing a steady rise in property values.
You can start by contacting reliable real estate agencies, conducting research online, and it is also recommended to visit several properties and compare the level of finishing and services. Certified real estate offices can provide accurate technical details about the construction.
Location is a crucial factor affecting the value of a property, with locations close to public facilities, transportation, and tourist attractions being preferred.
Types include villas, luxury apartments, and gated residential complexes that offer a variety of services.
Luxury property rentals typically target business people, tourists, and expatriates who demand luxurious and comfortable accommodations.
You can search for rental prices for similar properties in the same area, and consult real estate agents for accurate valuations.
Yes, it is advisable to conduct a thorough inspection to ensure the safety and quality of the property, and to avoid legal and financial problems later on.
Leases are often for a period of 1 to 3 years, but properties can also be rented for shorter or longer periods depending on the agreement.
You should contact the tenant to understand the reason, and if the delay continues, you can take legal action according to local rental laws.
Most leases should include provisions regarding property insurance, but it is important to check this at the time of signing the contract.
A lease typically includes details of the length of the lease, monthly rent amount, payment terms, maintenance responsibilities, and a security deposit.
The rent increase is usually specified in the contract itself, and must comply with local rental laws.
Yes, a real estate agent can help you prepare contracts, market the property, and conduct necessary inspections, saving you time and effort.
The cost of living in Istanbul is average compared to other world capitals, but it may vary depending on the area and lifestyle, with central neighborhoods being more expensive than other neighborhoods.
Areas such as Sarıyer, Sisli and Zeytinburnu are preferred by families, as they provide educational, health and entertainment facilities.
Public transportation such as metro, buses, trams and ferries can be used. Istanbulkart is an easy and convenient way to pay for transportation.
You can enjoy visiting attractions such as Hagia Sophia, Topkapi Palace, and the Grand Bazaar. There are also many restaurants, cafes, and public parks.
Istanbul has a Mediterranean climate, so there are hot, humid summers and mild, rainy winters. It is best to visit the city in spring or fall to avoid extreme heat or cold.
Yes, Istanbul offers a range of modern hospitals and health centers, many of which provide high-quality medical services.
The current minimum requirement is to purchase a property worth at least $400.000 USD.
Yes, you can purchase multiple properties as long as their combined value is $400.000 USD or more.
Yes, you must retain the property for at least 3 years.
Yes, you can rent out the property and earn income from it during the three-year period.
Yes, the property can be either residential or commercial.
The property must be evaluated by certified appraisal experts accredited by the Turkish government to ensure compliance with the required standards.
It is recommended to visit Turkey in person, but you can purchase online and then complete the transaction by appointing a lawyer through a power of attorney.
There is no law preventing an investor who has obtained Turkish citizenship from selling their property after three years. However, the property will no longer qualify for Turkish citizenship purposes, as Turkish law stipulates that a property can only be used once as the basis for obtaining Turkish citizenship.
Investing in Turkish citizenship can be highly beneficial, as investors have the opportunity to recuperate their investments after three years of obtaining citizenship. Many investors opt to acquire their passports through property purchases. With real estate prices in Turkey rising by 15-25% annually, selling the property after three years can lead to significant additional profit.
- Upon obtaining Turkish citizenship, you receive a Turkish passport, which is ranked among the strongest and best in the world. The passport is valid for 10 years upon receipt and can be renewed for life.
- The Turkish passport ranks 52nd globally, with visa-free access to 111 destinations.
- Enjoy citizenship rights, including the ability to run for office and vote in various Turkish elections.
- Grant Turkish citizenship to your spouse and children under 18 years old.
- You can retain your original nationality without being required to surrender it.
- Free healthcare in all government hospitals and reduced rates in private hospitals.
- Free education and access to scholarships and educational opportunities in Turkish public and private schools and universities.
- Benefit from the retirement system at age 60 or after completing 25 years of work.
Residency in Turkey is not required to obtain citizenship. You can appoint a lawyer from our company or a trusted person in Turkey to complete this process entirely on your behalf.
Obtaining Turkish citizenship through real estate investment is considered one of the easiest and fastest methods, with the Turkish passport being issued within 60-90 days at most.
- Purchase a property or multiple properties in Turkey worth at least $400.000.
- Retain the property without selling it for at least 3 years.
- The buyer must be a national of a country whose citizens are permitted to purchase and own property in Turkey. This includes most nationalities, with exceptions for Syrian, Armenian, Cuban, North Korean, and Cypriot citizens.
To become a Turkish citizen through investment, you need to purchase property worth at least $400.000, invest a minimum of $500.000 in fixed capital, or deposit at least $500.000 in a Turkish bank account.
Yes, many governmental and private services provide digital procedures to facilitate the real estate purchasing process, such as title deed verification (Tapu), document transfers, and electronic signatures. It is important to ensure the security and safety of these services.
The Turkish citizenship granted to foreign investors through property purchase is exceptional. It is an incentive by the Turkish government to encourage foreign investment, meaning that the law can be changed or annulled at any time. Previously, the Turkish government amended this law, reducing the minimum investment for obtaining citizenship from $1 million to $250.000 in September 2018 and later increasing it to $400.000 in June 2022.
Yes, you can live in any other country.
Yes, there are banks and private companies that offer financing programs for foreign investors, but the terms vary between institutions.
Yes, individuals are required to renew their passport like any other Turkish citizen, and this is typically done through Turkish embassies or consulates.
Real estate residency is a type of residence permit granted to foreigners who purchase property in Turkey, allowing them to live in the country legally.
The minimum value specified by law to obtain real estate residency is $200.000, according to the latest updates as of October 2023.
Yes, you can purchase an old property to obtain residency, as long as the property complies with local laws and is legally owned.
Yes, you can include your spouse and minor children for residency after purchasing the property.
No, knowledge of the Turkish language is not required to obtain real estate residency.
The real estate residency permit is usually granted for two years and is renewable, provided that the property ownership continues.
Yes, but you must obtain a work permit from the immigration office in the province where the foreign resident lives.
No, to obtain real estate residency, you must be the owner of the property, not just a tenant.
No, the property must be ready for occupancy, and the title deed must be issued.
It usually takes about 15 days, but the legal timeframe is 90 days, depending on local procedures.
Yes, you can apply to change the type of residence permit from real estate residency to another type, but you must comply with legal requirements.
Yes, holders of real estate residency have access to the education and healthcare system in Turkey within certain limits.
Yes, you can use the property for seasonal holidays, but you must renew the residency before it expires to maintain your legal status.
Yes, it is always recommended to hire a lawyer or legal consultant to assist with the procedures to ensure your rights and avoid any legal issues.
The main taxes in Turkey include income tax, corporate tax, value-added tax (VAT), and property tax.
Income tax is imposed based on a tiered system, where the rate ranges from 15% to 40% depending on the level of income.
The corporate tax rate in Turkey is currently 25%, and the rate may vary for certain types of companies or beneficiaries.
The Value Added Tax (VAT) is a tax on the consumption of goods and services, typically at a rate of 20%. However, some goods and services are subject to reduced rates such as 1% or 8%.
An annual property tax, known as property tax, is imposed, and the rate varies depending on the location and type of property, usually between 0.1% and 0.6%.
Yes, there are tax exemptions for certain cases such as first-time apartment purchases or some exceptional projects that the government aims to encourage.
Foreign investors need to register with the tax authority in Turkey and must file tax returns in accordance with local tax laws.
Yes, rental income from properties is taxed, and property owners are required to file a tax return for these earnings.
Yes, a tax is imposed on profits from the sale of properties, known as capital gains tax, which is a percentage of the profits earned.
The Turkish government has mandated that anyone wishing to purchase property in Turkey must have the property appraised by specialized entities when obtaining the title deed. This applies regardless of the type of property and whether the purchase is for obtaining Turkish citizenship, residency, or investment.
The real estate appraisal report includes information such as the property's area, type (commercial or residential), age of the building, views, social facilities within the project, services offered to residents, quality of finishes, the legal status of the project (whether licensed or not), and finally, a comparison between the property's price and nearby properties in the area.
Foreigners do pay property taxes in Turkey, which can be settled in cash or other payment methods. Often, foreigners open bank accounts in Turkey before purchasing properties to facilitate real estate transactions and tax payments without restrictions.
Real estate appraisal is the process of determining the property's market value, which is important for setting a fair price for buying or selling.
If you have been living in Turkey continuously for at least eight years with a residence permit issued by the Turkish authorities, you can apply for a long-term Turkish residence permit, which grants indefinite residency.
This tax amounts to 4% of the total value of the property as recorded in the sale contract and is paid upon registering the title deed at the land registry office in Turkey.
- The buyer must be a foreign non-resident in Turkey, or a Turk residing abroad for six months or more.
- The property must be new.
- The property cannot be sold for one year from the date of purchase.
- The property must be purchased with foreign currency such as the U.S. dollar or euro.
- The purchase amount must be transferred from a bank outside Turkey to a Turkish bank or brought in through a Turkish airport.
Yes, foreigners can establish and open a company in Turkey. Foreign investors are treated equally with Turkish investors, allowing them to establish and open all types of companies that Turks can.
- A translated and notarized copy of the passport in Turkish, with a validity of more than 6 months, and an entry stamp to Turkey.
- Tax identification number.
- Three personal photos.
It is an important legal document that allows individuals to grant another person the right to act on their behalf, which may include signing contracts, conducting financial transactions, managing properties, and representing them in legal matters.
The grantor has the right to cancel the power of attorney at any time, provided that they are of sound mind and capable of making such decisions. The revocation process includes documenting a new document that explicitly states the termination of the agent's authority.
The applicant must be over 18 years old.
The applicant must have an original passport valid for at least 3 months.
A translated copy of the passport to Turkish, notarized by the notary (noter) in Turkey.
Two personal photos with a white background taken within the last 6 months, preferably in electronic file format.
A tax number, obtained from the Turkish tax office.
Property tax in Turkey can be paid in two different ways. The first involves payment directly at the municipality building where the properties are registered, and the second way allows for payment through the municipality's official website, transferring the due amount to the municipality's official bank account.
The institution known specifically as the noter is an entity authorized by the state to organize and notarize official documents.
The fees vary depending on the type of service and the number of documents being notarized.
In Turkey, title deeds or "tapu" refer to the legal documents that prove a person's ownership of a specific property in Turkey. These deeds are essential to the land registry system in Turkey, where every property ownership is documented. Title deeds protect the owner's rights and contain information such as the owner's name, property location, and detailed information about the property, such as size and permitted uses.
For residential properties, the deeds detail ownership of residential buildings or apartments and typically include information on the permissible residential use of the property.
This category includes commercial buildings such as shops, offices, industrial buildings, and other commercial facilities. These deeds contain information about the permissible commercial use of the property and the necessary licenses.
Foreign investors generally do not need permission, but it is advised to check local laws and potential taxes.
In Istanbul, rental prices have seen a significant increase recently. The rent for one-bedroom apartments in the city center typically ranges from 26.500 Turkish Lira to 51.000 Lira for three-bedroom apartments. Outside the city center, prices drop to around 16.900 Lira for smaller apartments and 32.000 Lira for larger ones, depending on the area and the general condition of the property. Rental prices are affected by the location and condition of the property, and lower-priced apartments can be found in neighborhoods away from the city center. However, many of these properties lack good amenities or basic services and may not provide the comfort that tenants seek.
They include apartments, villas, houses, and commercial shops.
The value is determined based on location, area, condition of the property, and available amenities, as well as by comparing prices in the area.
Yes, it is possible, but it requires a formal power of attorney from the owner.
It can be terminated according to the terms mentioned in the rental contract, typically requiring written notice at least one month in advance from the party wishing to terminate.
Yes, it is allowed to rent unfurnished properties, but this should be clarified in the rental agreement to ensure both parties understand.
It is advisable to communicate with the tenant first to resolve the issue. If no solution is reached, consulting a lawyer or a specialized real estate office may be necessary.
Rent is usually due on the date specified in the contract each month, and it can be monthly or yearly.
This is considered possible, but the increase percentage and timing should be specified in the rental contract, while adhering to local laws.
The owner has the right to take legal action to recover the owed amounts, which may include evicting the tenant from the property.
Typically, the tenant needs to obtain permission from the owner before making any changes or modifications to the property.
Discussions about renewing the contract should begin one to two months before the current contract expires to avoid any interruptions.
Yes, typically, the prices of furnished properties are higher compared to unfurnished ones.
Yes, but the owner must notify the tenant in advance, in accordance with the contract terms and local laws.
Yes, using a real estate broker can facilitate the process of renting out the property and provide you with the necessary expertise and legal procedures.
The notice period usually ranges from 30 to 60 days, depending on the contract terms.
The owner can take legal action to evict the tenant or demand compensation, according to local rental laws.
The cost of living depends on lifestyle choices, but it can range from $500 to $1000 per month for an individual, depending on the location and type of accommodation.
Transportation in Istanbul is well-developed and diverse, including the metro, trams, and buses, as well as ferry services across the Bosphorus.
Istanbul is generally considered a safe city; however, as in any major city, it is advisable to take basic precautions to avoid potential issues.
Popular residential areas include Besiktas, Sisli, Sariyer, and Taksim, each offering a different atmosphere and various amenities.
Istanbul has a variety of public and private international schools, as well as prestigious universities. The quality of education depends on the type of school and the educational program.
Food costs range from fast food, which can be as simple as $5 to $10, to dining in restaurants where meals can vary from $15 to $50.
Istanbul's climate is relatively mild and varies across the seasons, influenced by its geographical location between the Black Sea and the Sea of Marmara.
Yes, Istanbul has many public and private hospitals and medical centers that provide high-quality healthcare services.
Istanbul offers a variety of activities, including visiting historical landmarks, shopping in markets, enjoying local bazaars, and dining in restaurants and cafes.
Yes, Istanbul is considered a family-friendly city, with public parks, schools, and activities for children.
You can look for jobs through local job websites, professional networks, employment centers, or by contacting companies directly.
Spring (March to May) and fall (September to November) are considered the best times to visit Istanbul due to the mild weather.
While many people speak English, learning Turkish can enhance your daily life experience.
Yes, numerous cultural and artistic events are held throughout the year, including festivals, exhibitions, and music concerts.
You can travel from Istanbul to other cities via a comprehensive network of buses, trains, and domestic flights from the two main airports in Istanbul.
There are many car rental companies in Istanbul, and you can book online or visit local offices, but you will need to have an international or Turkish driving license.
Istanbul has many parks and gardens, such as Vialand (amusement park), aquariums, and child-friendly museums like the Toy Museum.
Yes, food delivery services are widely available in Istanbul, with multiple apps like Getir and Yemeksepeti offering delivery from various restaurants.
Istanbul is home to several internationally recognized universities, such as Bahcesehir University, Istanbul Technical University, and Koc University.
Popular areas for luxury real estate include Besiktas, Sariyer, Nisantasi, and Zeytinburnu, which offer stunning Bosphorus views and advanced amenities.
Luxury properties are characterized by modern architectural designs, spacious areas, high-quality finishes, and additional services such as private swimming pools, sports facilities, and 24-hour security.
Yes, foreigners can purchase real estate in Turkey, including luxury properties, subject to certain legal regulations and official procedures.
Options include upscale villas, penthouse apartments, and apartments in luxury residential towers.
A view of the Bosphorus significantly increases a property's value due to its great appeal to owners and investors.
Luxury properties in Istanbul offer modern amenities such as gyms, spas, concierge services, and entertainment facilities.
The stages include searching for the suitable property, negotiating the price, signing the sale contract, and then registering the property in the land registry.
Luxury properties have the potential to yield good investment returns, especially in high-demand areas, although the return depends on several factors such as location and market conditions.
Yes, luxury properties can be rented at high average rental prices, providing owners with continuous income.
Luxury real estate prices in Istanbul are competitive compared to cities like London and Paris, making it an attractive option for investors.
Necessary fees include registration fees, value-added tax, and title deed fees, which typically range from 2% to 4% of the purchase price.
Yes, but you must comply with local laws regarding short-term rentals, such as obtaining a permit or registering the property.
You can follow local real estate websites, real estate agencies, or property exhibitions to get the latest updates on new projects.
Luxury residential complexes typically include amenities such as 24/7 security, swimming pools, health clubs, children’s playgrounds, and green spaces.
Sustainable building techniques, high-quality materials, and smart home systems are used to enhance comfort and security.
Factors include location, construction quality, available services, proximity to public amenities, and views.
Increased tourism boosts demand for short-term rentals, which supports price increases and enhances investment attractiveness.
