How to buy a house in turkey

Can a foreigner buy a house in Turkey?

So, can a foreigner buy property in Turkey? In short, the answer is yes. Almost all nationalities can buy real estate in Turkey.

Is buying property in Turkey a good idea?

Real estate buyers in Turkey have the added advantage over those in Cyprus or Spain, where property prices have already skyrocketed. With minimal annual maintenance and upkeep, well-maintained property in Turkey can bring a massive return on long-term investment.

How much deposit do I need to buy a house in Turkey?

Across the country, but especially in Istanbul, Turkish developers often offer finance terms over periods of up to five years. You will generally need to put down between 30 and 35% as a deposit, and then pay the rest in monthly instalments.

Can anyone buy a house in Turkey?

Citizens of just about every country in the world can buy property in Turkey. That includes buyers from the United Kingdom, Europe, the US and the Middle East. In fact, buying property in Turkey is out of bounds for the citizens of just five countries: Syria, Armenia, North Korea, Nigeria and Cuba.

Can I live in Turkey if I buy property?

According to the Turkish law, if you buy real estate in Turkey, you can get the residence permit. Up to your wish, you can get 1 year permanent residency which can be renewed annually. The property owners can relocate and have their second home in Turkey, not only have a holiday in this beautiful country.

How long can you stay in Turkey if you own a property?

At present, regardless of whether you own property, you can stay in Turkey for 90 days out of 180 days on a tourist visa. If you want to stay longer, you need a residency visa, which allows you to stay all year.

Can I retire in Turkey?

To retire in Turkey, you must first obtain a visa upon arrival in the country and then apply for a short-term residency permit. To obtain any form of authorization, you must prove that you have sufficient assets. You should look for a DGMM office near you and apply for a short-term residence permit there.

Is it affordable to live in Turkey?

You must know that, Turkey is a much cheaper country to live in than most of the European countries. The prices of quality food, transportation, and rent are lower than in the UK, Germany, Sweden, or other developed countries in Europe.

What is the best city to live in Turkey?

The 7 Best Places To Live In Turkey That Expats Love

  • Istanbul – the professional expat’s choice.
  • Antalya – tourism-related business opportunities and retirement.
  • Bodrum – high-class living.
  • Bursa – the city of heritage.
  • Izmir – perfect for retirement.
  • Alanya – fast-growing hotspot.
  • Marmaris – a sea lover’s dream.

Can I finance a property in Turkey?

Find your place on the Turkish seaside

Most loans to foreigners are also denominated in foreign currency, though a few lenders, like HSBC, offer Turkish lira loans. You could go direct to one of the Turkish banks that offer mortgages to foreigners, such as Akbank, Denizbank, or Garanti BBVA.

Can foreigners get loan in Turkey?

Yes, foreigners can take out loans in Turkey. Foreigners can apply for consumer loans to banks in Turkey in order to get consumer loans, vehicle loans and home loans. For this, there are some points that foreigners should pay attention to and some documents that they should submit to the banks.

Can UK citizen buy property in Turkey?

Most nationalities can buy property in Turkey including US, UK, European and Middle Eastern citizens. Out of 195 countries, only citizens of five cannot purchase and own Turkish real estate. They include Syria, Armenia, North Korea, Cuba, and Nigeria.

Do foreigners pay property taxes in Turkey?


According to real estate law, any residence , workplace or land within the borders of Turkey is subject to Property Tax. For this reason, foreigners who buy real estate in Turkey are required to pay Property Tax.

Where is the best place to buy property Turkey?

Where is the best place to buy property in Turkey?

  • Istanbul. Even though the capital of Turkey is Ankara, its main economic, financial, educational and touristic hub is Istanbul. …
  • Antalya. This seaside resort is located on the Mediterranean coast and has an airport. …
  • Alanya. …
  • Bodrum. …
  • Kalkan. …
  • Bursa. …
  • Yalova. …
  • Trabzon.

Where Can foreigners buy property in Turkey?

Foreigners may purchase land and property in Turkey in their own names provided that properties are located in towns (i.e. there must be municipality in the area where the property is and the property must be situated within the boundaries of that municipality or borough), not in villages or rural areas and outside of …

How much does a Turkish residence permit cost?

Does Turkey allow dual citizenship?

Dual citizenship

The automatic acquisition (or retention) of a foreign nationality does not affect Turkish citizenship. Turkish laws have no provisions requiring citizens who are born with dual nationality to choose one nationality over the other when they become adults.

What is the average house price in Turkey?

in Q1 2020, according to the CBRT. Nationwide, the average house price was TRY 3,104 (US$ 455) per sq. Housing Index in Turkey increased to 149.90 points in October from 146.70 points in September of 2020.

Can I live permanently in Turkey?

In order to be considered eligible for permanent residency status in Turkey, foreigners must have legally and continuously resided in Turkey for a minimum period of eight years. You may also be able to apply for permanent residency if you start a business or purchase a property in Turkey.

What is the cheapest city to live in Turkey?

The cheapest cities in Turkey for living

The cheapest Turkish cities to live in are: Sanliurfa, Kayseri, Mersin, Konya, Iskenderun, and Hatay which have a charming nature and a cheap standard of living, but very far from the capital.

How much does it cost to retire in Turkey?

Compared with other Mediterranean retirement options, Turkey’s Turquoise Coast is a bargain. You could live here on a budget of $1,500 per month or less, including rent. For this low cost, you get access to the warm seas, white-sand beaches and 300 days of sunshine every year.

Can UK citizen live in Turkey?

Visas and residency

If you plan to stay in Turkey longer than 90 days, you must apply for a residence permit before the 90 days ends or apply for a longer-stay visa before you travel – see information about residence permits.

Is Turkey cheaper than Pakistan?

Turkey is 71.7% more expensive than Pakistan.

How is life in Turkey for foreigners?

With its infrastructure, the standard of living, the low cost of living, the uncomplicated process of getting work permit or residence permit, currency rate of TL, and advantage of getting Turkish citizenship by investment, living in Turkey is a great idea for all foreign nationals.

How do you become a Turkish citizen?

Other ways to obtain Turkish citizenship

  1. By marriage – after three years of marriage.
  2. By birth – suitable for those who have at least one parent who is a Turkish citizen.
  3. By employment – after five years of work under a contract.
  4. By naturalization – after five years of living in Turkey.

What is the safest city in Turkey?

Eskisehir, Turkey

Eskisehir, one of the safest cities in the world, was the best in Turkey in this aspect. Eskisehir’s score is 82.45. Another Swiss city that managed to make it to the top of the list was Bern. The city’s score on the list was 81.98.

Which city is most beautiful in Turkey?

22 Most Beautiful and Famous Cities in Turkey (2022 Updated)

  1. Istanbul. Famous foods: Sultanahmet Meatballs, Kanl?ca yo?urdu (with sugar), Sar?yer Böre?i, and fresh fish by the Bosphorus. …
  2. Ankara. Famous foods: Simit, Çubuk pickles, Beypazar? kurusu (like Tozzetti). …
  3. Izmir. …
  4. Safranbolu. …
  5. Antalya. …
  6. Bursa. …
  7. ?anl?urfa. …
  8. Gaziantep.

Where is the cheapest place in Turkey?

Cappadocia, also known as Kapadokya by locals, is one of the most affordable destinations in Turkey. Cappadocia is located in an ancient district in east-central Anatolia in Turkey, about 12 hours from Istanbul by bus or 1.5 hours by flight.

Are there mortgages in Turkey?

Yes! A foreigner can get a mortgage in Turkey to purchase a property. The easiest approach is just visiting the Turkish banks! The mortgage interest rates: Actually, the interest rates depend on the bank.

What is the mortgage interest rate in Turkey?

The annual average interest rate on new residential loans in Turkey fluctuated significantly between 2007 and 2020. In 2020, the annual average interest rate was 12.5 percent. The highest recorded average interest rate on new residential loans was 19.3 percent in 2018.

How much loan can I get in Turkey?

Most lenders are prepared to go up to 70% loan-to-value – very few will lend more, and some limit loans to 65%. They also, mostly, have a minimum loan size around the $75,000 mark (it makes appr. €67,500, but you’ll have to get used to prices in dollars in Turkey), though some are prepared to lend less.

Do you pay council tax in Turkey?

Council Tax: The cost for your council tax varies depending on the number of people on the tapu (title deeds) and the value of your property. An average 2/3bedroom apartment can expect to pay roughly 300 Turkish Lira a year.

Is it safe to buy real estate in Turkey?

Buying property in Turkey is very safe and easy, but if you do things right and work with a professional real estate company that knows the job.

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