All nationalities can purchase a property in Turkey except Syrian nationals. It is very smooth process to buy a property but there are some details we want to share you from our expertise:
To buy a property in Turkey you need to have a TAX ID which is easily can be generated through online system of Ministry of Finance of Turkey. Once you have a TAX ID you can register a property with your passport copy in the Land Department. However, you need to get some advice from local real estate experts and lawyers.
When you purchase a property in Turkey you will pay couple of “single time” TAXES as below:
VAT: 1 – 20% depending on property status
Title Deed fee: 4%
Along with the above-mentioned expenses you will have some other expenses for the Notary.
It takes 1-2 weeks depending on the Municipality to get your Title Deed.
Your rights will be same as Turkish Citizen when you own a property in Turkey. You can rent, you can re-sell or live in it.
As many of our customers know, you can apply for residency permit or citizenship in Turkey with your property investment if it fits to the requirements.
If you are looking for buy a land in Turkey, the total area of the land you can buy cannot exceed 10% of the total area of the district where the property is located. Also, there are certain areas where foreign ownership is not permitted, such as military zones.
Please get in touch with our agents for the best guidance of purchasing property in Turkey.
