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What is the favorite season to arrive in Turkey?
Turkey experiences hot summers. However, spring and autumn are the ideal seasons to visit Istanbul and the inland areas when the temperature is pleasant, and the sky is clear. The Southern costs enjoy a typical Mediterranean climate characterized by mild winters and hot summers.
Do I need visa to enter Turkey?
Visa policy of Turkish government may vary according to your country. You can learn your country’s visa status via the Republic of Turkey the Ministry of Foreign Affairs website (http://www.mfa.gov.tr/visa-information-for-foreigners.en.mfa). You can obtain your e-visa online through the Electronic Visa (e-Visa) Application System (www.evisa.gov.tr).
Should I learn Turkish?
You can choose to learn Turkish though it is not mandatory. English is widely spoken, especially in touristic areas.
Are locals friendly towards foreigners?
Turkish people are famous for their hospitality. Possibly, you will be welcomed by locals and feel like you are at home.
What if I need medical services?
Turkey is one of the leading countries in the region regarding its healthcare system. In case of emergency, you will be able to use medical services for free and without any delay.
Should I pay in local currency?
It will be much more convenient for you to have local currency with you although some stores accept payments in USD or Euro.
Can I buy more than one property?
According to the law, foreigners are not allowed to purchase more than 30 hectares of property.
]Which region is the best to invest in Turkey?
Istanbul, the largest city of Turkey, is the best region to invest in Turkey. The city has the highest population, and it is constantly developing. With its giant projects such as the Third Bosphorus Bridge, Marmaray Project, and Kanal Istanbul Project, the city already attracts the international investors.
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Should I come to Turkey to buy a property?
We strongly advise you to visit Turkey and see your property by yourself.
What documents do I need to purchase a property?
You need your passport, 3-5 passport size photographs, and tax number registry.
How can I get my tax number?
You can apply to a local tax office in Turkey, with your passport. The tax office will ask your parents’ names and your address in Turkey while entering your information into the database. It takes ten to fifteen minutes.
What are the additional expenses to purchase a property in Turkey?
The additional expenses might reach 5 percent of the purchase price of your property.
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Can I pay by installments?
Yes, you can pay by installments. You can ask your project developer about the installment options.
Can I get a Turkish mortgage?
Yes, you can apply to a Turkish bank for a mortgage loan. Visit buyers’ guide for further information about your financial planning.
Can I open a bank account?
Yes, you can open a bank account in a Turkish bank. You need your tax number and address information.
Who will pay the maintenance if I rent?
The rule is clear: the one who uses the property pays the maintenance fees.
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What is the inheritance law?
The inheritance of a foreign property owner in Turkey automatically passes to his/her spouse or the children of the owner. If the owner has no children or spouse, then it passes to the parents of the deceased person.
Can I get a title deed with any name on it?
Yes, you can get any name on a title deed.
How long does it take to receive the title deed?
Ordinarily, it takes 1-3 days to receive the title deed. However, if you are the first foreigner buying a property in the building or the project, then there is a six-week waiting period.
What about the rental income?
Usually, the rental income is 3-10 percent of your property price in Turkey. It changes depending on the location of the project. Rental income can rise to 10 percent of the property price in touristic regions.
How about the insurance?
When you complete the title deed process for your property, you need to pay the Compulsory Earthquake Insurance (DASK) tax annually. Also, you can get your property insured although it is not compulsory.
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What are the local taxes?
The annual property tax and compulsory property insurance are paid every year. You can find the further information in our Buyer’s Guide.
How much tax do I have to pay if I sell my property?
If you sell your property within five years upon your purchase, you must pay 35 percent of the difference between the purchasing price and its present value. If you sell your property five years after your purchase, then you don’t have to pay capital gains tax.
Can I take my money back to my country if I sell my property?
After you pay capital gain tax, you can take your money back to your country.
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If I buy a property in Turkey can I get residency?
Yes, if you buy a property in Turkey, you can obtain 1-year residence permit.
Can I get full citizenship?
If you acquire a real estate worth a minimum of USD 250,000 with a title deed restriction on its resale for at least three years.
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[% accordion title="About Turkey" %]
What is the favorite season to arrive in Turkey?
Turkey experiences hot summers. However, spring and autumn are the ideal seasons to visit Istanbul and the inland areas when the temperature is pleasant, and the sky is clear. The Southern costs enjoy a typical Mediterranean climate characterized by mild winters and hot summers.
Do I need visa to enter Turkey?
Visa policy of Turkish government may vary according to your country. You can learn your country’s visa status via the Republic of Turkey the Ministry of Foreign Affairs website (http://www.mfa.gov.tr/visa-information-for-foreigners.en.mfa). You can obtain your e-visa online through the Electronic Visa (e-Visa) Application System (www.evisa.gov.tr).
Should I learn Turkish?
You can choose to learn Turkish though it is not mandatory. English is widely spoken, especially in touristic areas.
Are locals friendly towards foreigners?
Turkish people are famous for their hospitality. Possibly, you will be welcomed by locals and feel like you are at home.
What if I need medical services?
Turkey is one of the leading countries in the region regarding its healthcare system. In case of emergency, you will be able to use medical services for free and without any delay.
Should I pay in local currency?
It will be much more convenient for you to have local currency with you although some stores accept payments in USD or Euro.
Can I buy more than one property?
According to the law, foreigners are not allowed to purchase more than 30 hectares of property.
]Which region is the best to invest in Turkey?
Istanbul, the largest city of Turkey, is the best region to invest in Turkey. The city has the highest population, and it is constantly developing. With its giant projects such as the Third Bosphorus Bridge, Marmaray Project, and Kanal Istanbul Project, the city already attracts the international investors.
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[% end_accordions %]
[% accordions %]
[% accordion title="Purchase Process" %]
Should I come to Turkey to buy a property?
We strongly advise you to visit Turkey and see your property by yourself.
What documents do I need to purchase a property?
You need your passport, 3-5 passport size photographs, and tax number registry.
How can I get my tax number?
You can apply to a local tax office in Turkey, with your passport. The tax office will ask your parents’ names and your address in Turkey while entering your information into the database. It takes ten to fifteen minutes.
What are the additional expenses to purchase a property in Turkey?
The additional expenses might reach 5 percent of the purchase price of your property.
[% end_accordion %]
[% end_accordions %]
[% accordions %]
[% accordion title="Payment" %]
Can I pay by installments?
Yes, you can pay by installments. You can ask your project developer about the installment options.
Can I get a Turkish mortgage?
Yes, you can apply to a Turkish bank for a mortgage loan. Visit buyers’ guide for further information about your financial planning.
Can I open a bank account?
Yes, you can open a bank account in a Turkish bank. You need your tax number and address information.
Who will pay the maintenance if I rent?
The rule is clear: the one who uses the property pays the maintenance fees.
[% end_accordion %]
[% end_accordions %]
[% accordions %]
[% accordion title="Ownership" %]
What is the inheritance law?
The inheritance of a foreign property owner in Turkey automatically passes to his/her spouse or the children of the owner. If the owner has no children or spouse, then it passes to the parents of the deceased person.
Can I get a title deed with any name on it?
Yes, you can get any name on a title deed.
How long does it take to receive the title deed?
Ordinarily, it takes 1-3 days to receive the title deed. However, if you are the first foreigner buying a property in the building or the project, then there is a six-week waiting period.
What about the rental income?
Usually, the rental income is 3-10 percent of your property price in Turkey. It changes depending on the location of the project. Rental income can rise to 10 percent of the property price in touristic regions.
How about the insurance?
When you complete the title deed process for your property, you need to pay the Compulsory Earthquake Insurance (DASK) tax annually. Also, you can get your property insured although it is not compulsory.
[% end_accordion %]
[% end_accordions %]
[% accordions %]
[% accordion title="Taxes" %]
What are the local taxes?
The annual property tax and compulsory property insurance are paid every year. You can find the further information in our Buyer’s Guide.
How much tax do I have to pay if I sell my property?
If you sell your property within five years upon your purchase, you must pay 35 percent of the difference between the purchasing price and its present value. If you sell your property five years after your purchase, then you don’t have to pay capital gains tax.
Can I take my money back to my country if I sell my property?
After you pay capital gain tax, you can take your money back to your country.
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[% end_accordions %]
[% accordions %]
[% accordion title="Residency" %]
If I buy a property in Turkey can I get residency?
Yes, if you buy a property in Turkey, you can obtain 1-year residence permit.
Can I get full citizenship?
If you acquire a real estate worth a minimum of USD 250,000 with a title deed restriction on its resale for at least three years.
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