Buying property of foreigners in Türkiye

Buying property in Türkiye
In recent years, the purchase of houses and properties by foreigners in Turkey has increased.
Considering the very reasonable price of houses in Turkey compared to other countries, buying a house seems to be a very good option to maintain the value of money.
Also, by buying a house in Turkey, you will receive residency in this country for yourself and your family, and you can even obtain Turkish citizenship under the conditions that we will explain below.
The Turkish passport is ranked 52nd in the world and with the Turkish passport you can travel to 71 countries without a visa.
Join us to explain the conditions for buying property in Turkey in 2024.
The price of buying a house in Türkiye
The price of buying a house in Türkiye starts at 1 million liras.
At first glance, you may ask yourself that it is possible to buy a house in small towns with this low price.
If this is not the case and you can buy a house with this money in the city of Istanbul and in the middle areas.
Also, since the Black Sea region in Turkey has an excellent position in terms of attracting investment and has a higher relative peace and security than other cities in Turkey, it has become a safe and peaceful area to live in.
But if you intend to buy a house in Turkey to stay, according to the new rules, the value of the property must be at least 200,000 dollars.
Buying a property in the Black Sea region with its excellent geographical location is a guarantee of your future.
Why buy property in Türkiye?
The important thing is, what are the features in Turkey that attract people to buy a house?
Current costs are lower in Turkey than in European and American countries.
Expenses such as food, clothing, commuting, education, car, housing, taxes, internet, etc. are not so high considering the value of lira.
On the other hand, there are enough quality products in Türkiye and the buyer does not have to worry.
There are many entertainment and tourism centers in Turkey that attract every tourist.
Mediterranean coastal and marine areas, skiing, sports fields and cycling are also abundant in Turkey.
Buying property in Turkey is very fast and the Turkish government has done this for the welfare of Turkish people and foreigners.
You can find all kinds of houses in Turkey in the form of apartments, villas, beach houses.
  You can pay the amount of the house in installments, but at the same time the document is in your name.
Türkiye's transportation system is complete and easily accessible. It is available from subway to airplane and other vehicles in this country.
A good investment opportunity is available by buying a property in Turkey, and it is very easy to get Turkish citizenship in this way.
In many countries, they don't give citizenship easily and they don't even treat the audience with humanity.
In order to obtain Turkish residence through the purchase of property, the value of the price listed in the document must be at least 200,000 dollars.
Mehran Group is the best immigration company in Turkey, which has hosted hundreds of clients from all over the world to Turkey by mastering the Black Sea region in Turkey and also having communication offices all over Turkey.
  Buying property is one of the best investment methods.
  Buying cheap property in Türkiye
There are many cheap properties in Turkey, which has created a very good opportunity to invest in this country.
What points should be observed when buying a property in Türkiye?

First you have to choose which city do you want to live in?
Is the place you choose coastal or in the city?
How many shopping, educational and medical centers will there be around your place of residence?
Do you want an apartment or villa, office or commercial property?
Be careful with which seller you contract? After buying the property, he will name the house in your name.
This issue is very important and you need to be more careful.
Although there are certain rules and systems in Turkey for this matter, if you use them well, you will not get into trouble. But you should always be careful.
To solve this problem and similar problems, you should use Tapotakas system.
Buying property in Türkiye and obtaining residence
According to the new rules, the minimum purchase price of a property in Turkey must be 200,000 dollars to obtain Turkish residence.
Of course, buying a property is not the only way to obtain Turkish residence.
Work, student stays, etc. are still other ways.
It should be noted that this residence is granted to you and your family members (wife and children under 18).
  Buying a property in Türkiye and getting a passport
If the value of the purchased property is over 400,000 dollars, you will be granted Turkish citizenship.
This citizenship is also granted to the spouse and children under 18 years of age.
But obtaining citizenship has the following conditions:
Conditions for buying property in Türkiye to obtain citizenship
Buy the house in cash.
It must be purchased from a Turkish person and the property has not been applied for citizenship before.
If these conditions exist, you can receive a Turkish passport within 3 months.
You need to know that you do not have the right to sell the property purchased for citizenship for up to 3 years.
The important thing is that you don't have to buy a property. You can buy several properties that are worth a total of 400 thousand dollars.
Many customers buy several properties and by living in one of the units and renting the other units, they get a good income for living in Turkey.
Of course, apart from buying property in Turkey, there are other ways to get citizenship, such as depositing in Turkish banks and working in Turkey.
Which cities in Türkiye are the most popular for foreign buyers?
According to statistics, the amount of Turkish real estate purchases by foreigners is increasing day by day.
Foreign nationals look at Turkey as a safe place to invest in real estate.
In this part of the article, we would like to check which cities in Turkey have become more prosperous in buying real estate in Turkey.
The conditions for buying property and the necessary documents and restrictions for all cities in this country are more or less the same and according to what was mentioned in the previous paragraphs.
Buying property in Türkiye in installments
In many settlement projects in Turkey, you can buy a house in installments and with a bank loan.
Home loan in Turkey can be up to 80% of the house amount.
And the loan is repaid to the bank and the house deed remains in the bank's mortgage.
The interest of these loans is very low and around 2%.
Many residential projects also do not receive profit from the client.
But for foreign customers there are always stricter conditions than for Turkish citizens.
Bank loans for buying a house in Türkiye are usually 5 years.
Also, you can buy the property in many projects without taking a loan and then pay installments to the project office.
Buying an installment property in Turkey has various advantages and disadvantages that we will discuss.
One of the advantages of buying a property in installments is the cost price.
When you buy a property in installments under a contract, the final price is determined, and even if the price of the property increases over a few years due to inflation and other factors, you will pay the same initial amount.
Of course, you should note that it is true that you can own a house in one of the important countries of the region with an advance payment and installment payments, but you also have disadvantages in buying a property in Turkey.

The document will not be in your name until you have paid all the installments of the purchased property.
For this reason, you cannot apply for residence or citizenship through the purchase of property until the document is issued in your name.
Buying property in Türkiye and work permit
You should know that buying a property in Turkey does not give you the right to work.
And you will not be allowed to work in Turkey just by buying a house in Turkey.
But if you find a suitable job, you can also get a work permit.
What are the rules for buying property in Türkiye?
The foreign buyer should know the necessary rules and notes in this matter.
According to the note in the Turkish Law No. 35 of the Property and Land Law No. 2644, only a part of immigrants from foreign countries can buy property in Turkey.
Foreign immigrants can buy up to 30 hectares in Türkiye.
In addition, whoever buys land to build a property must do so within 2 years.
Foreign immigrants can buy only 10% of the land in each district.
It should be noted that foreigners are not allowed to buy property in the military and security areas of Turkey.
Buying property in Türkiye as an investment
Buying a property in Turkey is one of the ways to preserve the value of money with a good return.
Considering the growth of property prices in Turkey in recent years, it can be a very good option for investing in Turkey.
But buying property in Türkiye is not the only way to invest in this country.
If you are interested in investing in Turkey, don't miss the article on investment methods in Turkey.
Selling the house to another foreigner
The question that is raised these days according to advertisements, can we sell it to a foreigner after buying the property?
The answer to the question is yes, even according to Turkish law, the buyer is granted residence.
But if you want to get citizenship on this property, the buyer must buy from the person who left the house.
Now the question is, do Turkish people buy houses from foreigners?
Yes, because they can make a lot of profit by selling this property to a foreigner.
Turkish Inheritance Law
Inheritance law in Turkey for foreigners is such that after the death of a person, all assets and properties of a person are distributed to first-class people.
If a person has a will, his property will be divided according to his will.
Points to consider before buying a property
Keep in mind that you, as a foreigner, should be very careful when buying property in Turkey. Of course, it is necessary to get comprehensive information about buying a property in advance and take advantage of Mehran Group's professional consultants in this field. In the following, we have collected a list of the most important points for you:
Research whether there are restrictions on the property purchased by you, such as bank mortgages and other creditors of the current owner. It is obvious that in this case, the house will be confiscated by the creditor or the bank after the deadline for paying the debt or loan has passed.
Be sure to submit your request to the Register of Deeds before the transfer of the title deed.
Be sure to complete the procedures of registration and transfer of ownership in the document registration office and in the presence of witnesses.
Investigate whether the price and value of the house determined by the property expert is correct and reasonable.
Use the guidance of Mehran Group's experienced consultants to buy property and advise in this field.

 

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