Foreign home buyers in Turkey are granted a one-year residence permit. In recent years, the Turkish government has made it easier for foreign citizens to buy houses and real estate in Turkey. With the repeal of the Reciprocity Law, buyers from 184 countries can now purchase Turkish real estate in Turkey with just a passport and three photos. The change is intended to encourage foreigners and businesses...
Turkey citizenship was granted to 7,312 people who contributed $250,000. Turkish Passport And Citizenship Investment: Following the amendment to the regulation on the application of the Turkish citizenship law on September 19, 2018, 7,312 people who own property and paid a fee of $250,000 were granted citizenship. “There is no other country on the planet that sells citizenship so cheaply,” said...
Buying A Property In Turkey And Residency? In general, budget an additional 8% to 10% to cover your tax obligations and other expenses. This will cover the 3% stamp duty tax (a one-time small fee) that must be paid to the land registry office, the 2% fee for getting copies of the “Tapu,” the 2% fee for getting connected to local utilities, and the 2% fee for legal and attorney...
TURKISH REAL ESTATE TO BE PURCHASED IN TURKEY IN CASE OF: REAL ESTATES ACQUIRED TO THE CONTRARY OF THE FOREGOING, Real estates without structures discovered to be used in violation of the purpose of acquisition and for which an application is not filed with the Ministry on time or for which projects are not completed on time. Real estate and limited rights in rem acquired through inheritance that...
Economic confidence index realized as 86.4 Economic confidence index which was 89.5 in November decreased by 3.5% in December to 86.4. This decrease in economic confidence index stemmed from the decreases in services, retail trade and construction confidence indices. Services confidence index decreased by 9.2% and became 70.4, retail trade confidence index decreased by 7.8% and became 87.6,...
In Turkey, house sales decreased by 18.7% in November 2020 compared to the same month of the previous year and hence, became 112 thousand 483. For the house sales of November 2020, Istanbul had the highest share of house sales with 18.8% and 21 thousand 158 sold house. In house sales, 36 thousand 658 of houses were sold for the first time First house sales in Turkey became 36 thousand 658 by...
Real Estate Transaction of 2020 In Turkey, 1.499.316 houses were sold in 2020 In Turkey, house sales increased by 11.2% in 2020 compared to the previous year and hence, became a million 499 thousand 316. In the January-December period, sales of mortgaged houses were 573 thousand 337 and increased by 72.4%, and in other types of sales, it was 925 thousand 979 and decreased by 8.9%. The share of the...
House Sales Statistics, February 2021 In February, 81 thousand 222 houses were sold in Turkey In Turkey, house sales decreased by 31.6% in February 2021 compared to the same month of the previous year and hence, became 81 thousand 222. İstanbul had the highest share with 19.6% and 15 thousand 929 house sales. The followers of İstanbul were Ankara with 7 thousand 757 house sales and İzmir with 4 thousand...
House Sales Statistics, January 2021 In January 2021, 70 thousand 587 houses were sold in Turkey. In Turkey, house sales decreased by 37.9% in January 2021 compared to the same month of the previous year and hence, became 70 thousand 587. For the house sales of January 2021, İstanbul had the highest share of house sales with 19.4% and 13 thousand 666 sold house. The followers of İstanbul were...
The majority of foreigners with Turkish tourist visas are only permitted to stay for 90 days out of a total of 180 days. This period of time is adequate to make a decision regarding whether to remain in Turkey or not. Foreigners must deliver the required paperwork to the Provincial Directorate of Immigration Administration in order to apply for a short-term residence permit. Short-term residence permits...
