Türkiye

Türkiye's real estate sector is one of the most dynamic and lucrative in the region, offering opportunities for both investment and personal use. The Türkiye Citizenship by Investment Program has further fueled demand, particularly among foreign buyers, by allowing citizenship through property acquisition.

Citizenship

Real Estate

Country information

Population: 85.330 million hab Aprox.

Capital: Ankara.

Official Language: Turkish.

Income percapita: $ 43.700 Dólares PPA..

Predict Key Highlights of Türkiye Real Estate:

Strategic Location:

Türkiye bridges Europe and Asia, offering connectivity to key markets and making it a prime destination for investors.

Booming Real Estate Market:

Housing sales reached 1.49 million units in recent years, with sales to foreign nationals growing by 43.5%.

Policies supporting construction and infrastructure development have driven growth over the past two decades.

High Returns:

Housing Prices: Türkiye led Europe with a 32% increase in 2021 (Eurostat).

Rental Yields:

  • City centers: Up to 7.6%.

  • Coastal areas: 13%–16%.

Real Estate Requirements for Citizenship:

  • Minimum Investment: USD 400,000.

  • Holding Period: 3 years.

  • Ownership Type: Full ownership.

You Process for Acquiring Property

  • Choose the Property: Foreign buyers can purchase properties or restricted real rights up to 30 hectares, provided the total does not exceed 10% of the district’s surface area.

  • Military and security zones are restricted under Turkish law.

  • Open a Bank Account (Optional):

  • Buyers may directly transfer funds from abroad without opening a Turkish account.

Complete the Transaction:

Title Deed Transfer: Processed through the Directorate of Land Registry and Cadastre. Alternatively, use Webtapu (a multilingual online portal).

Tax Number: Buyers must obtain a Turkish tax number to complete legal formalities.

Additional Costs:

  • Title Deed Fee: 2% of the property's disposal value, paid by both buyer and seller.

  • Circulation Capital Fee: Nominal (under TRY 200 in 2021).

  • Taxation on Real Estate

  • Rental Income Tax:

  • Taxable income is declared annually (1–25 March).

  • Paid in two equal installments: March and July.

  • Exemptions: Up to TRY 9,500 for residential properties and TRY 70,000 for commercial properties.

Property Tax:

  • Paid in two installments: May and November.

  • Rates depend on the municipality's valuation of the property.

Ireland Citizenship Most Frequently Asked Questions:

Contact us

If you have any questions about Türkiye, don't hesitate to contact us. We are here to help you.