Frequently asked questions

To obtain Turkish citizenship, foreigners must purchase real estate in Turkey worth at least 400,000 USD. The property must be retained for at least three years. After completing the purchase, you can apply for citizenship through the relevant authorities by submitting the required documents and obtaining a certificate of eligibility.

Foreigners can buy property in most parts of Turkey. However, there are some restricted zones, such as military areas, where foreign ownership is not allowed. It is advisable to check with local authorities or a real estate expert to ensure the property is in an eligible area.

The main steps include:

1. Finding a suitable property.
2. Signing a sales agreement.
3. Obtaining a tax number.
4. Opening a Turkish bank account.
5. Getting a property valuation report.
6. Applying for military clearance.
7. Completing the Title Deed transfer.

Yes, buyers must pay various fees including a title deed transfer fee (4% of the property’s value), notary fees, property valuation report fee, and annual property tax. Additionally, there may be utility connection fees and management fees for residential complexes.

Yes, many Turkish banks offer mortgage options to foreign buyers. Typically, banks provide loans up to 70% of the property’s value, subject to the buyer’s financial status and the property’s valuation.

The entire process can take anywhere from a few weeks to a few months, depending on factors such as obtaining military clearance and the efficiency of the property valuation and title deed transfer processes.

Yes, you can rent out your property in Turkey. It is a common practice among foreign property owners to generate rental income. Make sure to comply with local regulations regarding tenancy agreements and taxes.