Real estate in Turkey

31 property
Two-floor villa with a swimming pool near the sea 1
Turkey, Izmir
$1,000,000+Two-floor villa with a swimming pool near the sea
square icon140 m²
bed icon3
bathroom icon3
Furnished apartments in a prestigious area of Istanbul 1
Turkey, Istanbul
$280,000 — $2,020,000Furnished apartments in a prestigious area of Istanbul
square icon55 m² — 200 m²
bed icon1—3
bathroom icon1—3
Villa in a residential complex with a private beach 1
Turkey, Bodrum
$867,000 — $2,400,000Villa in a residential complex with a private beach
square icon244 m² — 585 m²
bed icon2—3
bathroom icon2—3
Three-bedroom apartment in a residential complex with a swimming pool 1
Turkey, Bodrum
$380,000 — $470,000Three-bedroom apartment in a residential complex with a swimming pool
square icon72 m² — 109 m²
bed icon2—3
bathroom icon2—3
Serviced apartments in a unique residential project in Istanbul 1
Turkey, Istanbul
$890,000 — $8,890,000Serviced apartments in a unique residential project in Istanbul
square icon89 m² — 638 m²
bed icon1—5
bathroom icon1—5
Luxury apartment with Istanbul view 1
Turkey, Istanbul
$2,000,000 — $4,000,000Luxury apartment with Istanbul view
square icon104 m² — 240 m²
bed icon2—4
bathroom icon1—3
Apartments and commercial premises in a premium residential complex 1
Turkey, Istanbul
$124,000 — $510,000Apartments and commercial premises in a premium residential complex
square icon40 m² — 162 m²
bed icon2—3
bathroom icon1—2
Apartments and commercial premises in the central area of Istanbul 1
Turkey, Istanbul
$330,000 — $1,210,000Apartments and commercial premises in the central area of Istanbul
square icon106 m² — 352 m²
bed icon2
bathroom icon2
Apartments in a new residential project of premium class 1
Turkey, Istanbul
$400,000 — $435,000Apartments in a new residential project of premium class
square icon70 m² — 106 m²
bed icon1—2
bathroom icon1—2
Modern villa in a residential complex with a private beach 1
Turkey, Bodrum
$750,000+Modern villa in a residential complex with a private beach
square icon175 m²
bed icon4
bathroom icon3
Apartments and commercial premises in an elite suburban area 1
Turkey, Istanbul
$155,000 — $2,628,000Apartments and commercial premises in an elite suburban area
square icon67 m² — 945 m²
bed icon1—5
bathroom icon1—4
Luxury apartments in a project managed by Hilton 1
Turkey, Istanbul
$805,000 — $3,961,000Luxury apartments in a project managed by Hilton
square icon154 m² — 679 m²
bed icon3—4
bathroom icon3—4
Three-bedroom apartment in a prestigious area of Istanbul 1
Turkey, Istanbul
$1,400,000 — $1,600,000Three-bedroom apartment in a prestigious area of Istanbul
square icon215 m² — 272 m²
bed icon3
bathroom icon2
Apartments with panoramic city view 1
Turkey, Istanbul
$559,000 — $4,100,000Apartments with panoramic city view
square icon72 m² — 242 m²
bed icon1—2
bathroom icon1—2
Apartments in a new residential complex in the business district of Istanbul 1
Turkey, Istanbul
$1,495,000 — $6,980,000Apartments in a new residential complex in the business district of Istanbul
square icon226 m² — 574 m²
bed icon1—6
bathroom icon1—5
Sea view villa in a new luxury residential complex 1
Turkey, Istanbul
$795,000 — $1,000,000Sea view villa in a new luxury residential complex
square icon389 m²
bed icon4
bathroom icon5
Apartments in a large-scale project in the historical center of Istanbul 1
Turkey, Istanbul
$410,000 — $1,308,000Apartments in a large-scale project in the historical center of Istanbul
square icon70 m² — 100 m²
bed icon1—3
bathroom icon1
Modern apartments in the coastal area of Istanbul 1
Turkey, Istanbul
$181,000 — $695,000Modern apartments in the coastal area of Istanbul
square icon68 m² — 256 m²
bed icon1—4
bathroom icon1—4
Modern and large apartments in a prestigious area of Istanbul 1
Turkey, Istanbul
$186,000 — $730,000Modern and large apartments in a prestigious area of Istanbul
square icon67 m² — 284 m²
bed icon1—5
bathroom icon1—5
Apartments near the cost of Alanya 1
Turkey, Alanya
$155,000 — $395,000Apartments near the cost of Alanya
square icon46 m² — 179 m²
bed icon1
bathroom icon1

Buyer's guide

  • Who can buy a property in Turkey

    All foreigners are allowed to buy real estate, except for citizens of Syria, Armenia, Cyprus, Cuba, Taiwan, North Korea and Eritrea. Foreigners can purchase residential or commercial real estate, a new building or secondary real estate, a share in real estate under construction, or a plot of land.

    In Turkey, there are restrictions: foreigners are prohibited from buying real estate near military facilities and land plots that exceed 30 hectares, or 300,000 m². There are also restrictions for citizens of some countries, for example, Russians are not allowed to own real estate on the Black Sea coast.

  • Property prices by region of Turkey

    Turkish properties grew by 41,1% in May 2022, according to the country’s Central Bank. The dynamics of real estate prices in Turkey outperform the European Union dynamics: the country ranks first in the Eurostat price index — the cost of Turkish housing has increased by 641% since 2010.

    The cost per 1 m² of real estate varies from $300 to $2,500, depending on the real estate type and location. The cities with the highest average real estate prices per 1 m² are Istanbul ($1,800), Bodrum ($1,750), Alanya ($900), Izmir ($800), Antalya ($800) and Bursa ($700).

    Read the article

  • Property purchase procedure in Turkey

    Buying Turkish real estate takes an average of two weeks. First, the investor chooses a property. If they participate in the citizenship program, they need to buy real estate that has not yet been used for a Turkish passport obtainment.

    The parties enter into a preliminary agreement. The buyer makes an advance payment of $1,000—$5,000. Then they get a tax number in order to register the property. The parties conclude the main purchase and sale agreement: the remaining value of the property is paid.

    The real estate is registered in the land registry and cadastre of the country where the buyer receives a TAPU, which is a certificate of ownership.

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  • Property purchase taxes in Turkey

    Buyers of real estate in Turkey pay:

    • transfer tax — 4% of the transaction amount;

    • VAT at the 1—18% rate — usually included in the price of the property;

    • stamp duty in the 0,1 to 0,6% amount;

    • state fee for issuing a TAPU: $45 is paid by citizens and residents of the country, and $130 is paid by non-residents.

    When purchasing real estate under construction, buyers pay 1% for contract notarization. If a realtor is involved in the transaction, the buyer also pays its commission — 3% of the real estate’s value.

  • Residence permit and citizenship in Turkey by the purchase of a real estate

    Turkey issues a residence permit to foreigners in exchange for purchasing real estate worth:

    • at least $50,000 — in small cities of the country;

    • at least $75,000 — in megacities, such as Istanbul or Antalya.

    Foreigners receive Turkish citizenship by investing in one or more properties for a total amount of $400,000 or more.

    Read the article

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Turkish real estate prices rose by 199% year‑over‑year. To buy, or to wait?

price

Guide to obtaining Turkey citizenship

  • Step-by-step procedure

  • Requirements for applicants

  • Required documents

  • Answers to frequently asked questions

Property types in Turkey

Studios, apartments, villas, and townhouses are listed for purchase. Investors can also buy shares in hotel complexes, premises for offices and shops, land plots, and marinas. Available properties and real estate projects depend on the selected country and the terms of the investment citizenship or residency program.

Real estate investment in Turkey

When you make an investment in real estate in Turkey, you can join the Citizenship by Investment program. The minimum property expense will be $400,000.

Investment property in Turkey can be residential or commercial, and come from the primary or secondary market. However, investors can’t purchase objects that were once used in the Citizenship by Investment program.

Eligible real estate property objects give great freedom of choice. Investors can purchase houses, villas, apartments, townhouses, hotels, tourist accommodations, resorts, residential complexes with parks, and separate plots of land.

Real estate expenses under the Turkish Citizenship by Investment program include: $400,000+ for a property and a transaction fee — of 2% for a primary object and 4% for a 

secondary object. There are annual taxes: the 0,2%—0.6% property tax, and the 0,3%—1% luxury tax for an object worth more than 5 million Turkish liras, or approximately $305,000.

Due to its profitability, the real estate option is the most popular one in the Turkish citizenship by investment program. Investment property can be used for generating income and resold in 3 years. Prices in the Turkish real estate market grow by 15%—25% every year. The annual rental yield is 2%—8%.

You can decide on your investment property remotely. The real estate team at Immigrant Invest offers prime property in Turkey suitable for the Citizenship by Investment program.

Immigrant Invest is a licensed agent for government programs in the Europe Union and the Caribbean.