Who can buy a property in Turkey?

The following countries’ citizens can easily purchase land and property in Turkey

Lebanon, Kuwait, Azerbaijan, Kazakhstan, Turkmenistan, Kyrgyzstan, USA, Germany, Argentina, Belgium, Brazil, Bulgaria

China*        (Maximum of one property excluding building plots and commercial properties)

Denmark* (Maximum of one property excluding building plots and commercial properties)

Finland, France, Georgia, Croatia, Holland, Ireland, Spain, Sweden, Switzerland, Italy

Israel*   (Maximum of one property excluding building plots and commercial properties)

Canada, Lebanon, Luxembourg, Moldova, Uzbekistan, Monaco Namibia, Norway, Poland, Portugal, Kosovo, Peru, Romania, Serbia, Slovakia

Bosnia and Herzegovina, Dominican Republic, Dominican Republic, Republic of Cote D’Ivoire,

United Kingdom of Great Britain, UAE, Saudi Arabia, South Korea, North Cyprus.

Can I get a mortgage in Turkey?

Yes. Mortages are available, please see our Financing the Property section. We can help you with all aspects of your application from choosing your bank to translations.

Can I open a Turkish Bank account?

Yes, you need a Turkish tax number which we can help you to acquire and your I.D, passport, etc and proof of address in your home country which is less that 3 months old.

What currency can I use in Turkey?

In Turkey you can set prices in any currency (Lira, Pounds, Dollars). Many properties are sold in pounds and Euros because the seller is a nationality that uses that currency.

Can I get a residence permit in Turkey (İkamet Tezkeresi) if I buy property?
 Yes, If a foreigner owns a property in Turkey, he/she gets residence permit which is renewed every year if he/she keeps the ownership.

Can I negotiate the price?

Yes, you can. We will advise you if your offer is a sensible one and proceed from there to facilitate negotiations with the vendor.

How do I pay the deposit when I have chosen my property?

Your deposit can be paid in cash or bank transfer. It is normal practice to put down a smaller deposit to secure the purchase, normally 3%. The contract is then drawn up with a timeline being
put in place for the payment of the remainder of the deposit, normally taking the full deposit up to 10%. The 3% is not normally refundable if the buyer pulls out of the agreement unless your
solicitor has advised a valid reason that the purchase is not sound.

When do I pay for my property?

After you have paid your deposit, the contract will stipulate when payments should be paid. In the case of an off plan project there are usually staged payments that can be agreed with the builder.
We will assist you to negotiate these payment intervals and guide you on normal practice. The final payment of any property will be made on the day of Title Deed (TAPU) transfer.

Do I have to be there or can I give Power of Attorney (POA)?

You do not have to be in Turkey to complete the sales process. POA can be given very easily and securely to your solicitor. You can even give POA from your own country although the fee for this
process is higher (but usually cheaper than an off season plane ticket). Normally, purchasers give POA to their acting solicitor, who completes the deal on their behalf and ensures the title deed
goes into the buyers name and utilities are transferred to the new owner.

What is the Real Estate Agent Service fee?

 Whenever a property is sold, registered and licensed real estate agents are entitled to receive a 3% service fee over the actual sales price of the property from the purchaser and the property owner separately..

If I decide to sell my property later, can I take my money home?

Yes, there are no restrictions on you removing your money from Turkey. A simple international bank transfer takes it to where you want it to go.

Should I make a will in Turkey?

Turkish Inheritance Law regarding property is very clear and you should always take qualified legal advice regarding the validity of any will. Always make any will under the guidance of a solicitor
in Turkey and take the following into consideration.

Official will: To consider the will effective, notarisation is required by a consulate general, notary or civil court of peace. The next requirement for an official will is to have two literate
witnesses present. The witnesses must be people who have a legal capacity, are not barred from public service and are not relatives of the will maker. They must be present when a will maker
signs the will in order for the will to be considered valid. A medical report must prove that a will maker is of sound mental health and has the capacity to make a contract. A will maker may
draft his or her wishes and apply to the authorities to make the will valid, or can express those wishes so an authority can write them down to be notarized.

How does the health sector in Turkey look like? 

The Turkish health care works with three different types of hospitals: public hospitals, university hospitals and private clinics. Public as well as private hospitals fulfill international standards in relation on equipment quality and specialist knowledge. Most hospitals have agreements with international insurance companies.

Here we have tried to answer the most important questions. If your question is not here, please do not hesitate to contact us.