Yes! Turkey welcomes foreign buyers with no reciprocity requirement. Under Article 35 of the Title Deed Law, foreigners from most countries can purchase property, except in military zones.
- $400,000 in real estate (must hold for 3 years). Alternatively:
- $500,000 bank deposit
- Create 50+ jobs
Yes:
- Max 30 hectares per foreign buyer
- No purchases in military zones without permits
- Rural land may require development plans
- 4-8 weeks on average:
- Due diligence (1-2 weeks)
- Military clearance (2-4 weeks)
- Title deed transfer (1 week)
​​*While we strive for efficient resolutions, all stated timelines are non-binding approximations. For a case-specific assessment, consult our attorneys.
Main costs:
- Title deed fee: 4% of purchase price
- VAT: 1-18% (varies by property type)
- Annual property tax: 0.1-0.6%
Yes, but with conditions:
- Max 50-60% LTV for non-residents
- Interest rates: 8-12% (2024 rates)
- Requires Turkish tax number
Common pitfalls:
- Title deed fraud (verify via TAKBIS system)
- Unlicensed constructions
- Seller dispute
Our safeguard: CCS Law conducts full due diligence before purchase.
Yes! High demand in:
- Istanbul (6-8% rental yields)
- Antalya (5-7% yields)
- Bodrum (luxury seasonal rentals)
Legal note: Requires short-term rental license.
Essential checks:
- TAKBIS land registry report
- Zoning compliance (IMAR status)
- Debt/mortgage search
At CCS Law, our experts handle all verifications.
Turkish citizenship will be revoked if the property is sold before holding it for 3 years under the Turkish Citizenship by Investment Program.
After 3 years:
Keep your Turkish passport even if you sell the property
No capital gains tax after 5 years of ownership (Turkish Tax Law Article 80)
Critical Note:
- The Turkish Land Registry monitors compliance
- You must notify the Turkish Population Directorate if selling