Investment in Turkey

Advantages of Owning a House in Turkey for Foreigners

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Update 13.04.2022

In the Presidential Cabinet, increasing the value of the real estate that should be purchased for exceptional Turkish citizenship was discussed. At the Cabinet Meeting, it was decided to increase the value of the real estate to be purchased for the application for exceptional Turkish citizenship from 250 thousand dollars to 400 thousand dollars.

According to citizenship for buying a house program in Turkey, foreign nationals are free to buy property anywhere in Turkey except for military zones. T̶h̶e̶ ̶t̶e̶r̶m̶s̶ ̶o̶f̶ ̶c̶i̶t̶i̶z̶e̶n̶s̶h̶i̶p̶ ̶f̶o̶r̶ ̶f̶o̶r̶e̶i̶g̶n̶e̶r̶s̶ ̶w̶h̶o̶ ̶b̶u̶y̶ ̶a̶ ̶h̶o̶u̶s̶e̶ ̶i̶n̶ ̶T̶u̶r̶k̶e̶y̶ ̶w̶i̶l̶l̶ ̶b̶e̶ ̶2̶5̶0̶ ̶t̶h̶o̶u̶s̶a̶n̶d̶ ̶D̶o̶l̶l̶a̶r̶s̶ ̶a̶s̶ ̶o̶f̶ ̶S̶e̶p̶t̶e̶m̶b̶e̶r̶ ̶2̶0̶1̶8̶.̶ ̶I̶n̶ ̶o̶t̶h̶e̶r̶ ̶w̶o̶r̶d̶s̶,̶ ̶f̶o̶r̶e̶i̶g̶n̶e̶r̶s̶ ̶w̶h̶o̶ ̶b̶u̶y̶ ̶r̶e̶a̶l̶ ̶e̶s̶t̶a̶t̶e̶ ̶i̶n̶ ̶T̶u̶r̶k̶e̶y̶ ̶f̶o̶r̶ ̶2̶5̶0̶ ̶t̶h̶o̶u̶s̶a̶n̶d̶ ̶D̶o̶l̶l̶a̶r̶s̶ ̶a̶n̶d̶ ̶t̶h̶e̶i̶r̶ ̶f̶a̶m̶i̶l̶i̶e̶s̶ ̶c̶a̶n̶ ̶b̶e̶ ̶T̶u̶r̶k̶i̶s̶h̶ ̶c̶i̶t̶i̶z̶e̶n̶s̶ ̶i̶m̶m̶e̶d̶i̶a̶t̶e̶l̶y̶.

The terms of citizenship for foreigners who buy a house in Turkey will be 400 thousand Dollars as of April 2022. In other words, foreigners who buy real estate in Turkey for 400 thousand Dollars and their families can be Turkish citizens immediately

Having a property in Turkey which is a country where real estate and construction sector is quite vivid is a very good investment method.

Advantages Owning a House n Turkey

The gates of citizenship is open to foreigners who buy a house in Turkey

Citizenship for buying a house is for foreigners who buy a real estate in Turkey for at least 400 thousand Dollars. The foreigner himself/herself and his/her family will have the right of Turkish citizenship within six months. In other words, you can both make a profitable investment and become Turkish citizen by buying property in Turkey. See our services; Turkish citizenship consultancy

In addition, you can get 3 years residence permit for yourself and your family by buying property for 650 thousand Turkish Liras and more and you will have the right to apply for Turkish citizenship if you live in Turkey uninterruptedly for 5 years in the property you have bought. Note: Within 5 years, you can stay outside Turkey for only 1 year, the purpose here is that the foreigner lives in Turkey.

It IS EASY TO GET RESIDENCE PERMIT FOR THE FOREIGNERS WHO BUY PROPERTY IN TURKEY.

Foreigners who buy property in Turkey can get residence permit provided that it is extended in certain periods, they also have the right to get residence permit for their families. With this residence permit, children of the foreigners can get education in Turkey. It is easier for foreigners with residence permit to find a job and it is easy for companies to get work permit.

What should foreigners do to buy property in Turkey?

Foreign nationals can buy real estate such as residence, office, land, field etc. in Turkey provided that they respect the restrictions specified in the law. If the foreign national is to buy a land or field, he/she is obliged to inform the Ministry of Environment and Urbanism within 2 years about the type of the building to be built on that land or field.

What are the restrictions in buying property for foreigners?

In accordance with the related law, following restrictions apply to buying property by foreigners:

  • A foreign national can buy maximum 30 hectares of property in Turkey in total.
  • A foreign national cannot buy property in military forbidden zones and security zones. Renting a property in these zones is only possible with special permission.
  • Foreign real persons can buy property up to 10% of the total area of the district where private property is located.
  • Properties which are determined by legal authorities not to be used in accordance with the purpose of purchasing and properties which are not notified to the Ministry of Environment and Urbanism within 2 years although they were purchased for building a construction may be subject to winding up by official authorities.
  • For companies with legal entity which are established in accordance with the laws in their own countries, abovementioned restrictions shall not apply.

What is the procedure to be followed for buying property?

A preliminary application should be made to the Land Registry Directorate. It is required to take a sequence number for preliminary application. For this, you can call 181 or make an application at https://randevu.tkgm.gov.tr/.

Following preliminary application, a date is determined for the transfer transactions between the seller and the buyer.

Following documents to be prepared within the day determined:

  • Title deed of the property
  • Passport of the foreigner who will buy the property and photocopy of the passport (Turkish translation of the passport may be required)
  • “Property Value Statement Document” to be provided from the relevant municipality
  • Compulsory earthquake insurance policy for the buildings such as house, office, etc.
  • 1 photo of the seller, 2 photos of the buyer
  • Certified translator if the buying foreigner cannot speak Turkish
  • If the transfer transaction is carried out with a power of attorney prepared abroad, the original or certified copy of the power of attorney (Turkish translation of the power of attorney is required).

Other Points to Be Taken into Consideration

You must learn if there are any restrictions on the property such as mortgage, lien, etc.

You can get necessary information from the Land Registry Directorate.

Residence permit is not required to buy property in Turkey.

Working with professional consultancy companies specialized in buying property will always be in favour of the buyer. For that reason, we recommend that you should get assistance from consultancy companies specialized in buying property. We offer private consultancy services in this matter, you can call us on 444 7 284.

Ata Kurumsal

Ata Institutional Consulting is a leading consultancy company in its field, with expert personnel, with 12 years of experience, providing residence permit, work permit, Turkish citizenship consultancy and corporate consultancy services to foreigners. Ata Instiutional Consultancy

213 Comments

  1. Is is possible for a foreigner to purchase property in Turkey for rental purposes only, such as for an Airbnb? I am not necessarily seeking to obtain Turkish citizenship.

  2. Hi,
    If I buy an apartment for 700000 Turkish lire in Istanbul, can I get a residence permit? and can I also get a work permit in Turkey?

  3. hello,i underestans the rules regarding the 250 thousand$ real state investment,but this purchase should be made from a turkish citizen?if you could clarify from who and which places we can buy the property from ?thank you

    1. Hello,

      Yes, in order to be eligible for the Turkish citizenship on behalf of investment, the property should be purchased from a Turkish citizen.

      Thank you,

      Are you satisfied with the answers we have given to your questions? ExpatGuideTurkey would like to know your feedback. Please leave a comment on our webpage: https://g.page/r/CT9i2JXthUlOEAI/review

  4. Hello, I am an American citizen. I just want every year to come to costal towns of Turkey rent a home or an appartment stay for 3-5 months and leave. Would that be any problem with Tukish immigration office?

    1. Hello, you will not have a problem as long as your entry and stay in Turkey is legal.

  5. Good day, I’m currently in Turkey, I got my permit with visitors visa, and I’m thinking of buying a house worth about 300,000TL, please I would like to know, how easy will this property let me bring my wife and 3 kids to Turkey from Nigeria after purchasing the property.

    1. Hello,

      As soon as you purchase the real estate property in Turkey and get the residence permit card on basis of purchased apartment, your family may apply for family unification visa to the Turkish Consulate of Nigeria by providing the copy of your residence permit card.

      Thank you,

      Are you satisfied with the answers we have given to your questions? ExpatGuideTurkey would like to know your feedback. Please leave a comment on our page. https://g.page/r/CT9i2JXthUlOEAI/review

      Are you satisfied with the answers we have given to your questions? ExpatGuideTurkey would like to know your feedback. Please leave a comment on our page. https://g.page/r/CT9i2JXthUlOEAI/review

  6. Is it possible to buy a property which in the beginning is already rented out to other tenants, while applying for the residency permit? Or do we have to live in the apartment when applying for the 3yr permit?

    1. Hello,

      When applicant apply for residence permit on basis of title of deed, he is supposed to live in this property as card will be delivered to your home address.

      Thank you,

      Are you satisfied with the answers we have given to your questions? ExpatGuideTurkey would like to know your feedback. Please leave a comment on our page. https://g.page/r/CT9i2JXthUlOEAI/review

  7. Hello there…
    I’d like to know if it is possible to obtain a residance permit for buying a farmhouse of 7000 square meter “house & land” in Erzurum, Turkey. The price of the property is less than “300000 TL” , I’m not sure if there is a minimum amount of money set by the government for foreigners to spend on realestate and obtain the permit to live in the country.
    If you know about it please shar it and let me know.
    Thank you.

    1. Hello,

      In order to get a residence permit in Turkey, you should have a property in Turkey. By purchasing a land it wont give you a right to get a residence permit. According to the Law, there is no minimum amount of cost of real estate property for residence permit application.

      Thank you,

      Are you satisfied with the answers we have given to your questions? ExpatGuideTurkey would like to know your feedback. Please leave a comment on our page. https://g.page/r/CT9i2JXthUlOEAI/review

  8. Hi I am interested in buying tarla land for farming and agriculture in Turkey. Someone has informed us that we as foreigners have to buy a minimum of 90000m2 (ninety thousand square metres), can you please confirm if this is correct?

    1. Hello,

      İt depends on the area where you are planning to purchase the land and need to check with Directorate of Land registry what is the minimum percentage of area which could be purchased.

      Regards,

      Are you satisfied with the answers we have given to your questions? Ata Institutional Consuntancy would like to know your feedback. Please leave a comment on our page. https://g.page/r/CT9i2JXthUlOEAI/review

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