Real estate investment in Turkey
Foreigners in Turkey can buy and sell housing and commercial real estate and rent it out with few restrictions. For example, Russian citizens are prohibited from buying property on the Black Sea coast.
Statistics confirm the liquidity of investments: residential property prices grow on average by 6,7% each quarter. Five years ago, an apartment of 100 m² cost approximately €20,000. Today it’s sold for €70,000.
€699
Average price per 1 m²
€400,000
Real estate investment for citizenship
5—8%
Associated costs, of the property value
How the residential property price index is growing in Turkey
Cost of a 3-bedroom apartment in Turkey
€3 million
Penthouse in Istanbul, with a view of the Bosphorus
€1.2 million
Apartment within a 10-minute drive from Hagia Sophia Mosque
€500,000
Apartment by the sea in Alanya
Real estate in Turkey for investment
Turkey, Bodrum
175 m²
4 
3 
Turkey residence permit or citizenship by real estate investment
Owners of properties worth at least $50,000 can get residence permits. In large cities, such as Istanbul, Antalya or Ankara, the minimum property value for a residence permit is higher — $75,000. The minimum property value requirement was introduced in May 2022.
A residence permit is issued for a year with the possibility of renewal every two years. To renew a residence permit, you must live in Turkey for at least 183 days a year. After 5 years of living with a residence permit, you can get Turkey citizenship by naturalisation.
The buyer of one or more properties for a total amount of $400,000 or more can obtain Turkey citizenship without a language test and the obligation to live in the country.
Taxes and associated costs
Check if real estate in these countries suits your goals
The selections include only verified real estate projects from reliable developers. Purchasing these properties may bring you a residence permit or even citizenship.
Malta11 properties
€300,000+
Permanent residency
6+ months
Show 11 properties
Grenada18 properties
$270,000+
Citizenship
8+ months
Show 18 properties
UAE103 properties
AED 750,000+
Residence permit
2+ months
Show 103 properties
Spain36 properties
€500,000+
Residence permit
5+ months
Show 36 properties
Portugal68 properties
Not limited
Residency after D Visas
6+ months
Show 68 properties
Show all countries40+ guides on European countries
Learn the prices for purchasing and renting a property in each country, the market dynamics and taxes on buying and selling real estate.
Material prepared by Elena Ruda, Chief Development Officer at Immigrant Invest