Investment in TurkeyAdvantages of Owning a House in Turkey for Foreigners

According to citizenship for buying a house program in Turkey, foreign nationals are free to buy property anywhere in Turkey except for military zones. The terms of citizenship for foreigners who buy a house in Turkey will be 250 thousand Dollars as of September 2018. In other words, foreigners who buy real estate in Turkey for 250 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 250 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.

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aid me
aid me
1 ay önce

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?

Ata Kurumsal
Ata Kurumsal
24 gün önce
Yanıtla  aid me

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

Zeba Sattar
7 ay önce

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

Ata Kurumsal
Ata Kurumsal
7 ay önce
Yanıtla  Zeba Sattar

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

akmizermac
akmizermac
6 ay önce
Yanıtla  Ata Kurumsal

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

Ata Kurumsal
Ata Kurumsal
6 ay önce
Yanıtla  akmizermac

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

Nazmus
Nazmus
7 ay önce

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

Ata Kurumsal
Ata Kurumsal
7 ay önce
Yanıtla  Nazmus

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

Imran
Imran
8 ay önce

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.

Ata Kurumsal
Ata Kurumsal
7 ay önce
Yanıtla  Imran

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,

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Mohamed
Mohamed
8 ay önce

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

Ata Kurumsal
Ata Kurumsal
7 ay önce
Yanıtla  Mohamed

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