How to Buy a House in Turkey
Turkey is a country that attracts millions of foreign tourists every year with its rich history and culture, natural beauty, and affordable cost of living. In recent years, the number of foreign investors who want to buy a house in Turkey has also been increasing.
Can foreigners buy a house in Turkey?
Yes, foreigners can buy a house in Turkey. All foreigners can purchase real estate in Turkey. However there are special regulations for limited nationalities. You may get correct information from our law firm. Foreigners without a residence permit can obtain a 2-year residence permit in Turkey by purchasing a house worth 75,000 US dollars or the equivalent in foreign currency in metropolitan cities. For smaller cities minimum limit is 50.000 US Dollars only. During this period, if they reside in Turkey continuously, they will be eligible to apply for Turkish citizenship.
What are the required documents for buying a house in Turkey?
The required documents for buying a house in Turkey are as follows:
- Title deed of the house to be purchased
- Passport and photocopy of the foreign national who will purchase
- “Property Assessment Certificate” to be obtained from the municipality where the property is located
- Compulsory earthquake insurance policy for buildings such as residential and commercial properties
- Valuation Report
What is the procedure for buying a house in Turkey?
The procedure for buying a house in Turkey is as follows:
- Select the house to be purchased
- Make an agreement with the seller
- Complete the title transfer process
- Pay taxes and fees
What are the points to be considered when buying a house in Turkey?
The points to be considered when buying a house in Turkey are as follows:
- Check if there are any problems such as mortgage or seizure in the title records of the house to be purchased
- Research the market value of the house to be purchased
- Evaluate the infrastructure and transportation facilities of the area where the house to be purchased is located
- Research the environment and neighbors of the house to be purchased
What are the advantages of buying a house in Turkey?
The advantages of buying a house in Turkey are as follows:
- Investing in Turkey
- Obtaining a residence permit in Turkey
- Obtaining citizenship in Turkey
- Earning income by renting your property in Turkey
- Our law firm offers comprehensive consultancy services for real estate acquisitions in Turkey. You simply need to grant us power of attorney, and we will handle all procedures from start to finish, ensuring the smooth transfer of your title deed without any hassle.
