Foreigners Purchasing Real Estate in Turkey

Why Do Foreigners Buy Real Estate in Turkey?

Turkey holds a unique geographical position, acting as a bridge between Europe and Asia. This strategic location makes it a major attraction for foreign investors. In addition, property prices in Turkey are significantly more affordable compared to European countries. Cities like Istanbul, Antalya, and Izmir offer high rental returns, which further appeal to foreign buyers. Another attractive factor is that foreigners who invest in real estate worth at least USD 250,000 can obtain Turkish citizenship. However, this threshold is expected to increase to USD 400,000 as of 2025.

 

Which Nationalities Buy Property in Turkey the Most?

According to data from the Turkish Statistical Institute (TÜİK), the top nationalities buying property in Turkey are as follows:

• Russia

• Iran

• Iraq

• Germany

• Kuwait

• Saudi Arabia

• Azerbaijan

• United Kingdom

• Ukraine

• Jordan

 

The Process of Buying Property in Turkey for Foreigners

 

Application to the Land Registry Office

Foreign buyers must apply to the Land Registry Office to purchase property in Turkey. It is important to submit all required documents during this process. Once the documents are complete, the process proceeds quickly, and title deed procedures begin.

 

Property Suitability Check

A suitability check is carried out to ensure the property is not located in military zones or restricted areas. Its compliance with zoning and environmental regulations is also evaluated.

 

Valuation Report (Appraisal)

Before finalizing the purchase, a certified independent expert assesses the value of the property. This appraisal report is mandatory for citizenship applications and plays a key role in the approval process, ensuring a reliable evaluation.

 

Tax Number and Bank Account

Foreign nationals must obtain a Turkish tax number to carry out transactions in Turkey. They also need to open a bank account in Turkey to pay title deed fees and other related costs.

 

Transfer of Title Deed

The title deed transfer marks the legal change of ownership. After both parties agree on the terms, the official sale takes place at the Land Registry Office, and all necessary documents are duly prepared.

 

Residency and Citizenship for Foreign Buyers in Turkey

Foreigners who purchase property in Turkey are eligible to apply for a residence permit, which is typically issued for one year and can be renewed. This allows foreigners to legally reside in Turkey. Additionally, foreign investors who buy property worth at least USD 400,000 and commit to holding it for at least 3 years are eligible to apply for Turkish citizenship.

 

Popular Regions Where Foreigners Buy Property in Turkey

Although foreigners can buy property throughout Turkey, some regions are particularly popular:

• Istanbul: Offers both residential and investment opportunities. Its rich history and modern lifestyle make it a favorite among foreign buyers.

• Antalya – Alanya: Known for vacation properties, warm climate, and sunny beaches, especially appealing during summer months.

• Muğla (Bodrum and Fethiye): Famous for luxury villas and holiday homes, ideal for both leisure and investment.

• Izmir, Ankara, and Bursa: Attractive cities for foreigners looking to live long-term in Turkey.

 

Real Estate Projects Designed for Foreign Buyers in Turkey

Many Turkish construction companies develop special projects for foreign investors. These projects often offer benefits like payment in foreign currencies, providing financial flexibility. Legal assistance is also provided throughout the purchasing process, helping ensure a secure and reliable investment. These projects typically offer multilingual customer support and residency permit consultancy services, making it easier for foreigners to settle and live in Turkey.

Turkey continues to be a top destination for foreign real estate investors thanks to its lifestyle quality, investment potential, and comprehensive support structure. Whether you're looking for a home or aiming for citizenship through investment, the property buying process in Turkey is transparent and supportive. It is crucial to access accurate information, work with reliable real estate consultants, and ensure that all official procedures are properly completed before making a purchase.