In the world of real estate, Turkey is considered one of the most attractive destinations for investors and individuals looking to buy an apartment in a country with a rich history and stunning nature, as buying an apartment in Turkey is not just a real estate transaction, it is an investment in your future and an opportunity to enjoy a new lifestyle.
If you are thinking about investing in the Turkish real estate market or want to live in this wonderful country, learn about the important documents and necessary steps to facilitate the process of buying an apartment in Turkey.
Benefits of buying an apartment in Turkey
- Strategic location between the European and Asian continents.
- Turkey brings together diverse cultures and traditions.
- Apartments in Turkey offer various options in terms of size and design.
- Real estate prices in Turkey are reasonable compared to some other European countries.
- The possibility of obtaining Turkish citizenship through real estate investment in Turkey .
- Clear and reliable real estate laws.
- The procedures for purchasing real estate in Turkey are simple and easy.
- Provides easy financial and financing services to buyers.
- Possibility of real estate financing for foreign buyers.
- Provides luxury real estate in Turkey with high-quality facilities.
- Access to beaches and tourist attractions.
- Moderate climate and warm winters.
- Many social and cultural events.
- A diverse international community.
- The possibility of benefiting from sustainable economic growth.
- There are restaurants and delicious Turkish cuisine.
- Various markets and shops.
- High quality hospitals and medical facilities.
- Provides international education to children.
- Advanced public transportation.
- Ongoing development projects.
- Location of real estate near airports.
- Beautiful natural areas such as lakes and mountains.
- Turkey is famous for its history and tourist attractions.
- High level of safety and security.
- The possibility of investing in real estate in Turkey and renting it to tourists.
- Real estate in Turkey occupies a distinguished position in the global real estate market.
- Possibility of purchasing in foreign currencies.
- Possibility of allocating real estate for residence or investment.
- High-quality construction stages in real estate projects.
What documents are necessary to buy an apartment in Turkey ?
- Buyer's tax number.
- Personal photos of the buyer.
- Buyer's passport which must be valid.
- A translated and certified copy of the buyer's passport, by the official Turkish notary.
- Real estate evaluation report
- The property purchase contract, which must be certified by the Turkish Notary.
- A receipt proving the sale of foreign currency to the Central Bank of Turkey.
- A receipt showing the transfer of the property value in Turkish Lira to the seller’s account.
Conditions for buying an apartment in Turkey
- Foreigners are required to not exceed 30 hectares in area of the property or properties they own in Turkey.
- The maximum percentage of real estate area that foreigners can own is 10% of the area of the administrative region.
- The foreign investor must verify that his nationality is not among the nationalities prohibited from owning real estate in Turkey.
- You should avoid purchasing property near security or military areas where special laws may apply.
Steps to buy an apartment in Turkey
- Before you start looking for an apartment in Turkey , decide where you want to buy property in Turkey and select the region and city that best suits your needs and budget.
- Determine your budget and your ability to invest in real estate in Turkey and make sure you select a price that works for you.
- Search for apartments in Turkey available in your chosen area and you can do this through real estate agents
- Visit the apartments in Turkey you are interested in to inspect them in person and take time to inspect the property and make sure it meets your needs.
- Make sure the property has all the necessary legal papers and permits.
- Depending on the apartment you have chosen, submit your offer and negotiate the price and payment terms.
- Once a final agreement is reached, sign the purchase contract with the seller, as it is always best to consult a real estate attorney.
- Pay the agreed upon amount and submit the necessary documents to register the property in your name.
- You may need to translate and authenticate some documents if you are a foreigner.
- After completing the procedures, the apartment keys will be handed over to you, and you can start using them.
- Don't forget that additional costs such as taxes and estate agent fees may apply.
Turkish citizenship by purchasing an apartment in Turkey
Individuals can obtain Turkish citizenship through investment in real estate in Turkey and the value of the property purchased by foreigners is required to be no less than 400,000 US dollars, with a commitment not to sell the property for a period of at least three years and real estate residency by purchasing an apartment in Turkey
Real estate residency in Turkey represents a short-term residence permit granted to foreign citizens who purchase a property worth no less than $75,000 in large Turkish cities such as Istanbul, or worth $50,000 in smaller states and this residency can be obtained if the property complies with these two conditions, and can then be easily and effortlessly renewed every year as long as the owner continues to own the property.
In conclusion, if you are planning to buy an apartment in Turkey , regardless of whether with the aim of obtaining Turkish citizenship , a Turkish passport, real estate residency in Turkey, or even with the aim of settling in, it is important to adhere to the required procedures and documents and always check current laws and regulations and consult a local real estate attorney if you need further guidance and your investment in real estate in Turkey may have a positive impact on your life and future, and it can be the beginning of a successful journey in real estate investment and make sure you carefully collect and prepare all the required documents, and enjoy ownership of your new apartment in this wonderful and exciting country.
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