Introduction
Turkey has become one of the most attractive real estate markets for foreign buyers. The country offers affordable homes, strong investment potential, and a straightforward purchase process. Whether you want a holiday home, an investment property, or a place to retire, understanding the steps involved makes the journey much easier. This guide explains the legal process, requirements, costs, and essential tips for buying property in Turkey as a foreigner.
Can Foreigners Buy Property in Turkey?
Yes, foreigners can legally buy real estate in Turkey. Most nationalities can purchase without restrictions, except for a few countries due to diplomatic rules. The main limitation is that foreign buyers cannot acquire land in military or security-sensitive zones. Apart from this, the process remains accessible and transparent.
Step-by-Step Guide to Buying Property in Turkey
1. Choose the Right Location
Turkey offers a wide variety of locations, each appealing to different lifestyles.
Istanbul suits business and investment needs.
Antalya and Alanya attract holiday-home buyers.
Bodrum and Fethiye offer coastal luxury.
Izmir balances modern living with traditional charm.
2. Work With a Reliable Real Estate Agent
A trustworthy agent helps you find verified listings, compare prices, avoid legal issues, and complete paperwork correctly.
3. View Properties and Make Your Choice
Visit properties in person or use virtual tours. Consider proximity to amenities, rental income potential, transport links, and long-term value.
4. Obtain a Turkish Tax Number
Foreign buyers must acquire a tax number, which is available at local tax offices or online.
5. Open a Turkish Bank Account
A local bank account is required for payments. You will need your passport, tax number, and proof of address from your home country.
6. Sign the Sales Contract
The contract should clearly state the price, payment plan, delivery terms, and penalties for delays. Always ensure it is legally documented.
7. Pay the Deposit
A 5%–10% deposit secures the property. Payments should go through a Turkish bank for transparency.
8. Get a Property Valuation Report
A valuation report is mandatory for foreign buyers. It confirms the property’s true market value.
9. Transfer the Title Deed (TAPU)
The final step is applying for the TAPU at the Land Registry Office. The transfer usually takes two to four weeks. Buyers and sellers must attend, unless power of attorney is provided.
Required Documents
Foreign buyers must prepare:
Passport (translated and notarised)
Turkish tax number
Turkish bank account
Signed sales contract
Valuation report
Title deed application form
DASK earthquake insurance policy
Costs and Taxes
Buyers should budget for:
Title deed tax: 4% of property value
Valuation report: €200–€500
Translation and notary fees: €200–€300
Earthquake insurance: €50–€150 annually
Optional lawyer fees: €1,000–€2,000
Annual property tax: 0.2%–0.6%
For citizenship, buyers must invest at least $400,000 and hold the property for a minimum of three years.
Tips for Foreign Buyers
Work with a local expert for guidance
Avoid verbal agreements
Check for outstanding debts
Negotiate prices when possible
Analyse rental income potential
Conclusion
Buying property in Turkey as a foreigner is a straightforward and rewarding process. With proper research, legal guidance, and an understanding of the required steps, foreign buyers can enjoy a smooth and secure property purchase in one of the region’s most dynamic real estate markets.
