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FAQs Questions About Real Estate in Turkey
Search for your FAQs questions about real estate in Turkey here! We provide visitors to Istanbul Experts website with a service to answer their inquiries by presenting common questions about Turkish citizenship and property ownership and providing comprehensive answers that comply with the law.
FAQs about real estate ownership in Turkey
Yes, foreigners are allowed to own property in Turkey according to the decision announced by the Turkish Parliament in September 2012.
Yes, Syrians are allowed to own property in Turkey. However, they can only do so after establishing a company in Turkey.
Yes, property prices in Turkey are the same for foreigners and local citizens.
Yes, property ownership in Turkey is a profitable investment because property values tend to increase annually, leading to higher rental returns.
Yes, property ownership procedures in Turkey are safe if you use a professional real estate company in the Turkish property market.
Not all properties in Turkey are expensive. There are residential and commercial units available at affordable prices starting from $20,000 that can generate good rental returns for their owners.
The disadvantages of property ownership in Turkey include the language barrier and the difficulty of conducting purchase transactions. There is also a risk of falling victim to fraud when dealing with unknown real estate brokers, as well as the high inflation rate and the fluctuation of the Turkish lira exchange rate.
There is no limit to the number of properties you can own in Turkey, as long as the total area of your properties does not exceed 30 hectares or 10% of the municipality’s total area.
No, purchasing properties in Turkey is relatively straightforward compared to other countries, and the procedures do not take much time.
The procedures for buying a property in Turkey include identifying the property’s location and type, learning about the area and its services, seeking the advice of a real estate agent, and entrusting the purchase procedures to a reputable real estate brokerage company.
Yes, you can buy a property in Turkey while in your country by obtaining an official power of attorney from your country’s embassy to one of the professional real estate brokerage companies.
Yes, buying a property from a reputable company in Turkey is safe, as long as you conduct thorough research and obtain professional advice before proceeding with the purchase.
No, property ownership does not require a residence permit in Turkey. You can own property without traveling to Istanbul.
No, payment for properties in Turkey is not accepted by bank checks. It must be made in cash or via a bank transfer.
Yes, it has become easy to rent out properties in Turkey due to high demand, and at Istanbul Expertise, we provide our clients with the best tenants and property management services.
No, properties in Turkey are owned freely, and after death, their ownership is transferred to the family and heirs according to Turkish law.
Frequently asked questions about Turkish citizenship
Yes, you can obtain Turkish citizenship through a property under construction, provided that the value of the paid installments is $400,000 or more.
Yes, you can rent out the property through which you obtained Turkish citizenship, and you can also obtain Turkish citizenship through a rented property.
No, Turkish law stipulates that the property through which you obtained Turkish citizenship cannot be sold until three years have passed since ownership.
The exchange rate of the US dollar is calculated according to the exchange rate at the Central Bank of Turkey at the time of purchase.
- Passport
- Title deed or notarized contract
- Property valuation certificate
- Receipt of currency transfer to the Central Bank of Turkey
- Receipt of property value transfer to the seller’s account
Yes, you can obtain Turkish citizenship through multiple properties, whether they are in one project or in separate projects.
- The number of notarized contracts should not exceed one contract per property at a separate price.
- The application for citizenship can be either through the ownership deeds of each property or through notarized contracts, and cannot be combined.
- The payment of the sales contract must not be delayed beyond the date specified in the contract.
Yes, you can obtain Turkish citizenship online through a legal consultant by giving them official power of attorney to complete all procedures on your behalf, and then the Turkish passport can be sent to you via the embassy of your country.
Yes, there are properties that are not eligible for Turkish citizenship, which is as follows:
- The property registered under the name of a first-degree relative of the buyer, whether foreign or Turkish.
- The property the seller bought from a foreigner within the last 3 years.
- The property owned by the Turkish citizen through investment.
- Real estate ownership worth $400,000.
- Depositing $500,000 in a Turkish bank.
- Fixed investment of $500,000.
- Employing 50 Turkish citizens.