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Buying property in Turkey

Istanbul is the most preferred city for buying property by foreign investors in Turkey. As a result of the new regulations adopted by the Turkish government in the ‘buying property by foreigners’ and ‘Turkish citizenship’ laws in order to encourage foreign investors, there has been a large increase in demand for the purchase of property in Istanbul. Foreign investors can buy a property in Istanbul to invest or sit together with the new regulations and can apply for Turkish citizenship if the value of the property they buy is at least 400,000 $.

Buying property in Istanbul; in this article, we will provide detailed information about the process of buying property in Istanbul by foreign citizens. What should be considered in the process of purchasing a property in Istanbul? What are the best areas for property investment in Istanbul? We will answer such questions.

Buying property is an attractive investment tool that is the most preferred among investments and is considered a “safe port” all over the world. After the regulations of the Republic of Turkey in the laws to encourage investors, Istanbul has become the most popular city for property investment. Istanbul offers lucrative investment opportunities with newly built and under construction transportation, infrastructure and urban transformation projects.

Istanbul airport, the construction of which has been completed, the Northern highway extending from one end of Istanbul to the other, the Yavuz Sultan Selim Bridge that connects the Asian and European continents with the Northern highway, the Eurasia tunnel that connects the continents under the sea in the Bosphorus, the metro lines that continue to expand all over Istanbul and new public transportation projects provide an easier and faster transportation by shortening the distances within Istanbul.

New residential centers are being formed with large projects such as Canal Istanbul, which are planned to be built with completed projects, and all dynamics for property investment in Istanbul are changing. The most important investment tip is hidden in accurately identifying the potential of the region. For this reason, before investing in property in Istanbul, it is necessary to analyze the regions well for the purpose.

Buying house in İstanbul

Istanbul is one of the most popular provinces where both locals and foreigners choose to buy houses. In Istanbul, which is constantly growing with new construction projects, rich and diverse house options have begun to emerge.

In addition to those who buy houses for residence purposes in Istanbul, the number of people who buy houses for investment purposes is also quite high. The purchase of housing, which has always been traditional investment instruments’ baby, also makes a good profit when planned in this context. Houses purchased for staying purposes are generally considered close to work, school and social facilities, while houses purchased for investment purposes are more preferred in developing areas of the city or central locations with high rental yield. In addition, you can choose the house you will buy in Istanbul in accordance with your purpose of purchasing and budget in the type of apartment or villa.

The system of working from home can become widespread !

An outbreak of the corona virus, first seen in Wuhan, China, soon affected the entire world. As in the whole world, after the virus, Turkey experienced radical changes in working life and normal life. As in the world, in many sectors in Turkey, people started working from home via the internet. After the end of the process, many companies can apply this method after the virus, as employees get rid of burdensome costs such as food, road and workplace rent. This made buying a home more attractive.

Istanbul is the city that connects the continents of Europe and Asia.

Istanbul consists of 39 districts and 9 islands with a population of 15,067,724 with a surface area of 5,712 km2. Istanbul, a city that connects the Asian and European continents, provides an intercontinental connection with three Bosphorus bridges and a Eurasian Tunnel that passes under the sea.

The history of Istanbul dates back 8,500 years. In history, Istanbul has been the capital of the three great empires, the Roman, Byzantine and Ottoman Empires. There are 1,796 historical sites in Istanbul.

The hills of Istanbul, also called “Seven Hills City”, are,

Topkapı Palace Hill, Çemberlitaş Hill, Beyazit Hill, Fatih Hill, Yavuz Selim Hill, Edirne Hill, Kocamustafapaşa and Cerrahpaşa Hills.

Districts located on the European side of Istanbul

Arnavutköy, Avcılar, Bağcılar, Bahçelievler, Bakırköy, Başakşehir, Bayrampaşa, Beşiktaş,Beylikdüzü, Beyoğlu, Büyükçekmece, Çatalca, Esenler, Esenyurt, Eyüpsultan, Fatih, Gaziosmanpaşa, Güngören, Kâğıthane, Küçükçekmece, Sarıyer, Silivri, Sultangazi, Şişli, Zeytinburnu

Districts located on the Asian side of Istanbul

Adalar, Ataşehir, Beykoz, Çekmeköy, Kadıköy, Kartal, Maltepe, Pendik, Sancaktepe, Sultanbeyli, Şile, Tuzla, Ümraniye, Üsküdar

The North Marmara Highway, which runs from one end to the other in Istanbul, connects the Asian and European continents with the Yavuz Sultan Selim Bridge. The exit from Istanbul Airport, which is among the few airports in the world, provides the opportunity to reach all districts on the European side of Istanbul in a short time, thanks to the Northern highway. A passenger leaving Istanbul airport can change continents by crossing the Yavuz Sultan Selim Bridge from the European side to the Asian side in as little as thirty minutes, and in as little as an hour he or she can reach from one end of Istanbul to the other.

This rapid transportation is equally applicable on the Asian side. A passenger leaving Sabiha Gökçen Airport, located on the Asian side with the Northern Highway, can reach all the districts on the Asian side in a short time, as well as changing the continent by crossing from the Asian side to the European side in thirty minutes, or reaching the other end of Istanbul within an hour.

The passage from the European side to the Asian side is provided by three Bosphorus bridges, the Eurasian Tunnel passing under the sea, trolley steamers, steamboats and boats.

City transportation on the Asian and European sides is primarily provided by a wide metro network. New metro lines are being added to existing metro lines, which are rapidly being built every day. In addition, transportation in Istanbul is provided by Metrobus lines, Marmaray, trams, buses, minibuses, Dolmus lines and taxis that work integrated with Metro lines.

The Canal Istanbul project and its route

With the planned Canal Istanbul project, it has been foreseen that Küçükçekmece, Avcılar, Esenyurt, Arnavutköy and Başakşehir will become much more attractive to investment.

Arnavutköy continues to grow and develop with projects that have a few examples in the world, such as the Urban Transformation projects initiated in Istanbul in recent years, the world’s largest airport project and Kanal Istanbul, which is seen as the second Bosphorus.

The approximately 45-kilometer-long Canal Istanbul Project route, which will pass through Avcılar, Küçükçekmece, Başakşehir and Arnavutköy, starts from Küçükçekmece Lake and ends on the Black Sea coast. This project is expected to be a mega project in many areas in the coming years, especially for urbanization, transportation and tourism.

The most important element in real estate investment is the accessibility to the surrounding areas from the location of the property. For this reason, transportation options in Istanbul increase the investment value of all regions in Istanbul and make it attractive

Videos
Turkish citizenship by investment
3+1 and 4+1 apartments ready to live in Istanbul Maslak. Suitable for Turkish citizenship.
Steps 5
The process of
purchasing a
property in Istanbul
Step 1
Getting a tax number in Istanbul

In order to buy a property in Istanbul or gain Turkish citizenship by investment, one must first get a tax identification number from the tax authorities in Turkey.

In order to get a tax identification number, the passport and photo of the foreign investor are requested. As a first step, your tax identification number is extracted from the authorized tax office in the region by our expert consultants.

Step 2
Opening a bank account in Istanbul

In Istanbul, a foreign investor must open an account at banks operating in Turkey in order to buy property and gain Turkish citizenship through investment. In addition, a foreign investor who wants to get Turkish citizenship by investment must purchase a property worth at least 400,000 $ and transfer the payment from his or her own bank account to the seller’s bank account.

Applications that do not have payment documents issued by the bank among the documents for applying for Turkish citizenship are not accepted.

An account is opened in your name by our consultants at the bank operating in Turkey in accordance with you and the conditions of your country. After the account is opened in your name at the bank, it is issued to you by the bank on a debit card and credit card. In this way, when buying a property from the opened bank account, we can transfer the sale price to the seller’s account and receive a receipt from the bank. You can also perform many different transactions with bank accounts and cards.

Step 3
Finding a property for sale in Istanbul

A foreign investor can buy a property for the purpose of living in Istanbul, investing or gaining Turkish citizenship.

Regardless of the purpose of buying property in Istanbul, a foreign investor must first find the property that he or she will buy. Finding the right property is one of the steps that requires important and professional help. The first step in finding a property should be to decide which area to buy a property from. Istanbul is a big city. For this reason, before investing in property in Istanbul, it is necessary to analyze the regions well for the purpose.

This selection varies depending on the type of property and the purpose of purchasing the property. Your goal of purchasing can be commercial investments such as offices, shops, or individual properties such as apartments, villas. You can use or rent the property you have purchased. All these factors determine the type of property and in which area the property should be. If you are going to apply for Turkish citizenship with a property investment, the property you will receive must comply with the application requirements.

As it turns out, buying a property is a process that requires detailed and expert help. To buy a property in Istanbul, our expert consultants will find the right property for you to meet your demands. We offer properties with high investment value, completed or under construction in the right location, whose reliability has been tested, to foreign investors all over the world with the best price guarantee and give them professional support.

Step 4
Documents required to buy
a property in Istanbul

In the fourth step, you need to complete the documents needed to buy a property in Istanbul.

The documents required to transfer the deed to you are listed below;

  • Deed of the property,
  • Certificate of current value of real estate issued by the relevant municipality,
  • A compulsory earthquake insurance policy for buildings,
  • Passport and notarized passport translation,
  • Tax identification number taken from Turkey,
  • Foreign identity form,
  • Real estate valuation report,
  • If one of the parties does not speak Turkish, certified translation,
  • One for the seller, 2 biometric photos for the buyer,
Step 5
Property sale and title deed transfer
in Istanbul for foreigners

This stage is the most important stage of buying a property. After completing the necessary documents to purchase a property in Istanbul, an application is made to the land registry offices in the district where the property is located.

Deeds vary by property type. There may also be a restriction on any mortgage, sequestration, annotation, restriction, etc. on the deed. There are details that need to be checked before applying for sales.

These;

- Control of condominium, construction servitude, zoning and settlement status of deeds,

- Checking whether there is a restriction on the deeds such as mortgage, foreclosure, comment, etc.,

- Control of the details of the property, such as island, sheet, parcel and independent section number, on the deeds,

- Correct writing of the sale value in the deed during the application,

- Checking whether the tenant pays the rent regularly if the property is used by the tenant,

- If the buyer is going to use the property, get a covenant from the tenant that he will evict the property on the appointed date,

- How to transfer money to the seller during the transfer of the deed,

- There are many important details such as commenting during the sale in order to gain Turkish citizenship by investing in the property.

We simply gave you information about the stages of buying a property in Istanbul in five steps. However, the sale of a deed is a serious process that must be carried out by lawyers and real estate consultants who are experts in their fields, the transfer of which includes much more detail.

Our company provides professional services with real estate consultants and lawyers who specialize in buying real estate in Istanbul, gaining Turkish citizenship through investment.

Properties for sale in İstanbul, Turkey
Apartment
Kağıthane / İstanbul
Starting Price USD 1.044.941
01.2025 Delivery
12 installments
Villa
Büyükçekmece / İstanbul
Starting Price USD 1.470.588
05.2024 Delivery
Apartment
Kadıköy / İstanbul
Starting Price USD 287.581
07.2023 Delivery
Apartment
Bağcılar / İstanbul
Starting Price USD 360.000
01.2022 Delivery
Apartment
Kadıköy / İstanbul
Starting Price USD 251.800
01.2022 Delivery
Turkish citizenship by buying property

Turkish citizenship
by property investment

The value of the real estate purchased between 12.01.2017 and 18.09.2018 had to be at least 1,000,000 USD and above.

With the change made in the Regulation on the Implementation of the Turkish Citizenship Law, foreigners can get Turkish citizenship by exceptional means by purchasing real estate in the amount of at least 400,000 US $ or equivalent foreign currency or equivalent Turkish Lira as of 12.06.2022.

For this purpose, a property on which a condominium or construction servitude has been established must be purchased under a contract of transfer of deed or notarized promise of sale.

The real estate must be worth at least 400,000 USD or the equivalent must be deposited in the seller’s account in foreign currency or Turkish Lira. The property purchased in the process of getting Turkish citizenship through investment can not be sold for 3 years and, this commitment will be commented on the deed.

Buying a property in Turkey for foreigners

Along with the amendment to the law, 183 citizens of countries have been granted the right to get property in Turkey “without seeking a condition of reciprocity”. The concept of reciprocity can be defined as the rights that countries provide to their mutual citizens. In other words, it can be explained as the fact that citizens of two countries can mutually buy property from each other’s countries. Foreign investors will now be able to buy property from Turkey without such a requirement between the two countries with the amendment to the law.

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