A comprehensive guide to real estate ownership in Turkey 2024

 

With Turkey's cultural diversity and stunning natural beauty, it has become an attractive destination for many people looking for real estate investment and living opportunities in a diverse and amazing country and if you are thinking about owning a property in Turkey or would like to understand the procedures and requirements necessary for owning real estate in this wonderful country, you are in the right place and we are pleased to present to you the “Comprehensive Guide to Real Estate Ownership in Turkey for the Year 2024”, where we will provide you with accurate and detailed information about how to buy a property in Turkey, the potential advantages and caveats, as well as the investment opportunities available in this wonderful country.

 

 

1. Foreigners have the same tax rights and obligations as Turkish citizens, which contributes to financial savings.

2. Turkey provides special tax exemptions for foreigners on VAT in some cases, making real estate investment more attractive.

3. Anyone who buys a residential property in Turkey can obtain a real estate residence permit, and this can be a first step towards Turkish citizenship.

4. Foreigners can bequeath Turkish real estate to future generations, which is not available in many other countries.

5. Turkey boasts low property fees and taxes compared to many European countries.

6. Turkey provides a program to grant citizenship to foreigners who invest in real estate with a value exceeding $400,000, which opens the door to the opportunity to obtain Turkish citizenship.

7. The process of obtaining Turkish citizenship through real estate investment is simple and uncomplicated.

8. Turkey provides a program to grant citizenship to foreigners who invest in real estate with a value exceeding $400,000, which opens the door to the opportunity to obtain Turkish citizenship.

9. The process of obtaining Turkish citizenship through real estate investment is simple and uncomplicated.

10. A holder of Turkish citizenship can obtain a Turkish passport that gives him the freedom to travel to many countries around the world without the need for an entry visa.

11. Those who obtain Turkish citizenship through real estate investment enjoy the same rights and duties as original Turkish citizens, and there is no discrimination in Turkey between second-class citizens.

 

 

1. It offers a variety of properties in Turkey, from apartments to villas and country houses.

2. Real estate in Turkey is considered affordable compared to many European countries.

3. Owning a property in Turkey gives you the opportunity to enjoy the rich culture and history of this country.

4. Turkey offers the possibility of achieving good returns on real estate investment.

5. Families can buy a property and enjoy their stay in Turkey.

6. Turkey offers a diverse landscape of seas, beaches and mountains.

7. For those interested in marine activities, Turkey offers many opportunities for diving, fishing and surfing.

8. Turkey has many historical sites and cultural attractions.

9. Turkey offers an excellent educational system with international schools and leading universities.

10. Turkey imposes simplified and transparent real estate laws that help ease purchase.

11. Turkey seeks to save energy and rely on renewable energy sources.

12. Real estate owners in Turkey can obtain a real estate residence permit.

13. Turkey provides high quality medical services and health insurance is available.

14. Turkey is witnessing relative political stability, which makes it a safe destination for investment.

15. Turkey has a mild climate that attracts tourists throughout the year.

16. Turkey offers great shopping malls and delicious restaurants.

17. Turkey offers advanced means of transportation that make transportation easy.

18. Property owners can purchase real estate insurance to protect their investment.

19. Turkey provides complete public services, including schools, hospitals, and recreational centers.

20. Turkey's laws protect the property rights of foreign investors.

21. Those who invest a large amount can obtain Turkish citizenship.

22. Turkey is considered one of the safest countries in the region.

23. Turkey 's economy is active and diversified, offering job and investment opportunities.

24. Investors can easily rent out their properties for additional income.

25. Turkey includes large international airports that facilitate access to many destinations around the world.

 

 

1. The tax number can be obtained free of charge from the nearest tax directorate in Turkey.

2. The passport must be valid, and a copy of it translated into Turkish and certified by the Turkish notary must be provided.

3. A real estate evaluation report can be obtained through recognized real estate evaluation offices in Turkey.

4. The contract must be certified by the Turkish Notary and must include all details related to the deal.

5. If the property is paid in foreign currency, a receipt must be provided confirming the transfer to the Central Bank of Turkey.

6. It must include a receipt for transferring funds from the buyer's account to the seller's account in Turkish Lira.

 

 

1. Syrian citizenship

2. North Korean citizenship

3. Cuban citizenship

4. Armenian citizenship

5. Cypriot citizenship

 

 

This document is also known as the “Real Estate Appraisal Report” and this report is a document that shows the market value of the property according to specific criteria and it is important to note that ownership of the property cannot be transferred to the new buyer without presenting this report and the report is valid for 90 days from the date of its issuance, and can be obtained through the “Web Tapu” website or application and this report is requested either by companies licensed to issue it or by a committee affiliated with the Land Registry Directorate and the goal of this report is to accurately determine the true value of the property, independent of the seller's estimates.

 

 

In conclusion, we can say that Turkey remains one of the most attractive destinations for real estate ownership in the world, as it offers excellent investment opportunities and multiple possibilities for national and international investors, and thanks to the updated government legislation and policies and the flexibility in the laws related to real estate ownership, it has become easy to take advantage of the ownership and investment opportunities in Turkey.