This complete blog will help with all the necessary information for purchasing a property in Turkey and becoming a resident through property ownership. Created according to the latest amendments in Turkey in 2024, if this article fails to answer a query, please email us or send us your question directly. For foreigners, real estate ownership in Turkey has borne a long interest.
In recent years more foreign nationals have made investments and purchased real estate in this nation. This is partly due to the low cost of living, partly to become Turkish citizens; however, the most interesting motive to purchase real estate in our nation is to gain a vacation retreat. A significant number of retirees preferring a quiet and affordable lifestyle in a country with a moderate climate and overwhelming nature have fueled these types of investments.
Iranians have been buying more homes and properties in Turkey in recent years. Due to Turkey's proximity to Iran, as well as the short travel time and visa-free entry, many people are considering purchasing real estate in this nation.
Purchasing a home sounds like a very sensible choice if you want to protect your money and enjoy your free time, especially since houses in Turkey are far more affordable than in Iran. Additionally, you can obtain residency in Turkey for yourself and your family by purchasing a home. If certain requirements are met, you may even be eligible to apply for a Turkish passport, which we will go through below. Purchasing a home in Turkey is no longer an impossible dream.
A great number of foreign nationals, of late, invested and purchased real estate in Turkey. Well, some of them sought to escape the rush and hustle, some to gain Turkish citizenship; interestingly enough, however, the most enticing reason for those options was looking for a vacation getaway. A fair chunk of retirees wanting seclusion and easy living in a country gifted with glorious nature combined with a moderate climate further fuels that kind of investment.
You are receiving a far better home for your money when you include exchange rate swings as well as the expenditures associated with the acquisition procedure. An English one-bedroom flat will set you back the same as a three- or four-bedroom villa in many parts of Turkey.
A decent home, on the other hand in Turkey starts at a minimum of 3.5 Billion Tomans in Iranian currency. With such a small amount you may think the very least you could buy is in a city far under Turkey's Capital. But this is not true, you can take it as an example and buy a respectable 1+1 apartment in Antalya or Istanbul (as well as in their suburbs).
Can an Irani Buy a Property in Turkey?
Iranians can buy property in Turkey. Iran has seen itself replaced by Turkey as the destination for many Middle Eastern and especially Iranian homeowners and investors.
These are the steps Iranian citizens have to take when they want to own property in Turkey:
- Get a tax identification number (TIN) from the tax office.
- Open a bank account in Turkey.
- Find the right real estate and negotiate the terms of purchase with the seller or the agent.
- Make a deposit and sign a preliminary sale agreement. It may be also called a “safety contract” for example.
- At the local land registry office, sign the final sales contract (referred to as the “Tapu”) and you’re done!
- Pay taxes and fees for purchase.
It’s important to keep in mind that rules and regulations can change at any time, so it’s a good idea to consult with a local real estate agent or attorney to make sure you have the most up-to-date information and guidance possible along the way.
