Q&As
Yes, foreigners can buy property in Turkey. However, there are some restrictions for certain nationalities and regions. It is best to consult a local lawyer or real estate agent for up-to-date information.
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The main documents include a passport, a tax number (which can be obtained from the local tax office), a bank account in Turkey, and a title deed (TAPU).
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The procedure includes choosing a property, signing a purchase agreement, making a down payment, obtaining the necessary documents, and completing the transaction at the land registry. The process usually takes a few weeks to a few months.
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Yes, additional costs include a property purchase tax (around 4% of the property value), registration fees, notary fees, translator services, and agent commissions.
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Yes, buying property worth at least $75,000 USD grants eligibility for a short-term residence permit. Purchasing property worth $400,000 USD or more allows you to apply for citizenship.
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Property prices vary depending on the region, type of property, and its condition. Prices in major cities like Istanbul or Antalya can be significantly higher compared to less popular regions.
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Property owners must pay an annual property tax, which depends on the type and value of the property. Rental income is also subject to income tax.
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Yes, foreigners can rent out their property. It is important to comply with local laws and regulations, register rental income, and pay the relevant taxes.
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When renting, it is important to read the lease agreement carefully, check payment terms, deposit, and obligations of both parties. Also, ensure that the property has all necessary amenities and infrastructure nearby.
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