Investment

Advantages of Owning a House in Turkey for Foreigners

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

221 Comments

  1. Hi i want to buy a property less than 250k $ will my husband also get residence permit ? Do i apply for hım after buying apartment ör at the time of tapu thx

    1. Hello,
      If you buy a property in Turkey in value of less than 250.000 USD you, syour spouse and children under 18 years old can be eligible for residence permit on this basis. Residence permit application on basis of property ownership can be submitted after transfer of Title Deed.

      Kind 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

      1. hello, i wanted to know the nationality will be for the +18 kids in the family after buying it
        or the -18
        kids??

        1. Hello,
          Foreign investor, their spouse and children under 18 years old are eligible for Turkish citizenship application. Once the citizenship application is approved major children of investor are entitled for residence permit application on basis of being related to Turkish citizen.

          Kind 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

  2. salam. If I buy a property worth 25000 TL and apply for residence permit, how much time do I require to obtain it. Thanks

    1. Hello,
      Timeframe to obtain residence permit depends on the city and available appointment dates. Procedures take the longest in Istanbul, where obtaining residence permit can take even up to four months.

      Kind 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

  3. Hi, wondering in order to apply for citizenship in Turkey can we buy more then 1 property over the period of time to total worth of USD 250000. If so within how many months or years does one need to buy all properties to reach USD 250000 in order to apply for Citizenship and can someone with family stay on permanent residency during that time frame? Thanks.

    1. Hello,
      Amount of 250.000 USD is subjected towards a single or multiple properties, there is no obligation to purchase only one property to benefit from the program. There is no specific time limitation to buy properties, however all purchases must take place after 19.09.2018 and in case the minimum required amount of investment would be increased by Turkish government before you submit the application the new minimum amount would apply to your case.

      Kind 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

  4. Greetings,
    If I buy a property in the values of 100 thousand USD. Can I apply for turkish citizenship after 5 years of residency for me and my family? Its my question. Can you please give me a reply as soon as possible.
    Thanks and regards

    1. Hello,
      If you purchase a property in Turkey in value of 100.000 USD you and your family can be eligible for Turkish citizenship under condition that you will stay within Turkey uninterruptedly for 5 years on basis of residence permit for property owners. Uninterrupted stay in this case means that you should not stay out of Turkey for more than one year within mentioned five years and longer than 6 months in a row.

      Kind 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

  5. What is the criteria to get registered in Social Security/General Health? Do I need to take work permit or I can simply apply based on my property residency permit?

      1. Hello,
        After entering Turkey, foreigners can apply for residence permit before expiration of their visa. In order to make an application, foreigners must have address in Turkey and health insurance obtained within the country, which is covering the whole requested period of stay. Our company can assist you to obtain residence permit for you and your family. If you would like to benefit from our services you can contact us at: info@atakurumsal.com.

        Best 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

  6. Sorry one more question. The property I am going to buy is on installment of 2.5 year, will this be eligible for Residency Permit and if yes when will I be able to apply? After completing all installments, right?

    1. Hello,
      Residence permit application can be submitted once the Title Deed is transferred to your name. If the project/previous owner will transfer Title Deed before completing all istallments, you can start the procedures right away.

      Kind Regards,

      Your thoughts are important to us. Are you satisfied with the answers we have given to your questions? Please rate us and leave a comment Click here

  7. Hi there,
    I am from Pakistan and want to get Permanent Residency in Turkey for me and my family. I am going to buy an apartment in Istanbul worth $108,000. I have below questions:
    1. Will I get citizenship for me and family if I live there for 5 years? What if only my spouse and kids live there and I join them later after few years.
    2. Will we all get health care in public hospitals for free or we have to buy insurance?
    3. Do the kids need to learn Turkish to get registered in the schools or do we have English there?

    Thanks in Advance and apologize for long question.
    ??❤️??

    1. Hello,
      If you will be the owner of property, your family members as spouse and children under 18 years old can be eligible for Turkish citizenship application only once you meet required criteria. In order to apply you and your family need to stay in Turkey for five years uninterruptedly on basis of property ownership. In order to benefit from health care within Turkey out of charge you need to buy health insurance or be registered in Social Security/General Health Insurance. There are private schools in Turkey which provide education in English, Turkish language is not mandatory.

      Kind Regards,

      Your thoughts are important to us. Are you satisfied with the answers we have given to your questions? Please rate us and leave a comment Click here

    1. Hello,
      Amount of monthly rental income varies a lot in Turkey. There is a lot of factors having influence on amount of rent such as number of properties you purchase for total amount of 250.000 USD, location or standard. That is why it is not possible to provide you with the exact amount. The approximate yearly rental income in Turkey is 3% of value of property.

      Kind Regards,

      Your thoughts are important to us. Are you satisfied with the answers we have given to your questions? Please rate us and leave a comment Click here

  8. What is the process for getting property value statement. Can it be obtained before buying the property. How a foreign buyer can verify that the quoted price of the property is according to value estimate by relevant muncipality.

    1. Hello,
      Property valuation report must be issued by related companies with governmental license. This kind of report is an official document and can be obtained before transaction so the buyer can check real value of property before taking decision on purchase.

      Kind Regards,

      Your thoughts are important to us. Are you satisfied with the answers we have given to your questions? Please rate us and leave a comment Click here

  9. I am Indian citizen and residing Kuwait. I want to open Dollar account in Turkey’s Bank for the purpose of investment. What is the best bank for dollar account. Can I open bank account from Kuwait.
    Regards

    1. Hello,
      You can open a bank account in any bank within Turkey. We would recommend to choose a bank, which has agreement with banks in your home country or if you are planning to make a deposit in your account, to compare interest rates and choose the bank accordingly. Bank account can be only opened without your presence in Turkey if you provide someone within the country with adequate Power of Attoney issued in Turkish consulate abroad.

      Kind Regards,

      Your thoughts are important to us. Are you satisfied with the answers we have given to your questions? Please rate us and leave a comment Click here

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