FAQ
Yes, they do. The Turkish Parliament has issued a decree in 2012, which gives the foreigners the right of ownership in Turkey, without taking into consideration the principle of reciprocity.
Tax number in Turkey (vergı numarsı) is a number of your own; you are sometimes asked for it in legal and official transactions or when opening a bank account in Turkey. You can get this number by visiting the nearest tax directorate in your region with a copy of your passport and your address in Turkey.
After choosing the right property, the purchase process does not take more than 3 days.
You need only your passport.
Yes, you do. You can get a visa either at the airport or when you go to the Turkish Embassy in your country.
The visa lasts for three months. After that you can get a residence permit.
If you are planning to buy a property, there is no need to get a real estate residence permit because you can get a residence permit - for you and for each of your wife and children under 18 years-old - after owning the property. However, if you stay more than three months and you do not buy a property, you can apply for short term residence permit.
You may open an account at any Turkish bank and then transfer your money. You also may open an account at any participation bank such as the Kuwait Turkish Participation Bank or in its branches and then you may ask for money as if you are in your home country.
Property insurance against earthquakes is available by insurance companies in Turkey.
You have to go to gas, water, and electricity companies, pay nominal amount insurance, and register them on your name.
You may either rent the property or offer it for real estate investment.
Yes, you can without paying any taxes, on condition that the car leaves Turkey within six months. Otherwise, you have to pay a relatively high tax. Therefore, you are advised to buy a car from Turkey if you intend to move to Turkey.
Yes. The prices are the same for both Turkish and international buyers.
Yes. The taxation system is exactly same for everybody.
No. The same prices are offered by the developers. Even that most often, the developers offer special promotions for real estate consultant companies.
Given by the law, an extension period of 6 months will be granted to developers for the delivery of the project. After these 6 months, the developer will pay a monthly penalty to the buyer as stated in the contract if he does not deliver the apartment.
If you would like to make the maximum possible profit in a project, you have to buy at the launching phase. Almost always, there is regular increase in sales prices from the beginning stages of a project until the completion.
All the reservation fees you will be paying are fully refundable during the reservation period which is two weeks.
Yes. Most often, down payments will be around %30 to %40 depending on the project.
Some payment plans end even after the completion of the projects.
Depending on the project you have bought, you can sell your property during the construction stage. There might be %2 or %3 commissions to be paid to the developer if stated in the sales contract in some cases.
A foreigner can obtain Turkish citizenship in several ways, including buying a property in Turkey.
The property value must be at least $ 400,000.
The real estate appraisal report must be obtained.
The real estate appraisal report is valid for 3 months, and it is considered valid until the completion of the procedures for applying for Turkish citizenship.
The dollar exchange rate will be calculated according to the official price on the date of the property purchase, according to the Turkish Central Bank price bulletin.
No, it should worth slightly more than 250,000 dollars.
It is impossible. All financial payments from the buyer to the seller must be under documented bank transfers issued from the buyer's account to the seller's account.
It is impossible to buy the property from a foreigner to obtain Turkish citizenship; the property must be purchased from a Turkish person or from a Turkish company exclusively.
Only repayments will be calculated from the value of the property. That is, the value of the paid installments must exceed 250 thousand dollars in order to be able to apply for Turkish citizenship in exchange for a property.
No, the property cannot be sold until 3 years have passed since the date of purchase, and you must write an undertaking registered in the Land Registry Department not to sell the property for 3 years.
Yes. The wife and children under 18 years of age obtain Turkish citizenship upon submitting the application within the same file as the owner of the property.
Yes, it is possible to buy several properties provided that their total value exceeds $ 250,000 on the date of submitting the application, and that all real estate documents are submitted together.
The Turkish government studies the file of each investor, and takes the decision to grant citizenship based on the security study of his file, as the decision to grant Turkish citizenship is issued after approval by the Turkish Presidency.
Yes, you can buy any property you choose, whether it is an apartment, villa, commercial store, or any other property, provided that its value exceeds $ 250,000.
45 days, starting from the delivery of the required documents in full to the Turkish government, and until they are signed by the Turkish president.
Yes, you can authorize him or her at the Turkish embassy in your country, or at a notary public in Turkey, for anyone you choose to follow up the procedures on your behalf.
Yes, the property can be rented. The important thing is that you keep its ownership and not sell it within 3 years.
If you obtain Turkish citizenship after the age of 22, you will be exempt from military service in Turkey.
Yes, of course, you can retain both nationalities; the law does not require renunciation of your original nationality when obtaining Turkish citizenship.
Yes, of course, you can retain both nationalities; the law does not require renunciation of your original nationality when obtaining Turkish citizenship.