- Purchase. Foreigners can buy property in Turkey in full ownership, you get a tapu, so we call it a certificate of ownership, which confirms your ownership of property in Turkey. To buy from the documents you need only a passport.
- Payment. You can pay for the property through the bank, also our company accepts cash payment in different cities and countries, and you can also pay with cryptocurrency.
- Credit and instalments. At the moment foreigners do not have access to mortgage loans, you can use interest free instalments from the developer. Instalments are usually for 1.5 - 2 years, there are projects with longer instalments (3-4 years).
- Formalisation. In addition to the cost of the flat you will have additional costs for the registration of the property. Approximately registration of the flat will cost you from 3000 euros and more.
- Price growth. In 2020-2023 there was a sharp jump in prices (in some regions by 200% and higher), but even now the future investor can only be guided by a positive trend in price growth due to the rise in the cost of construction. Before the sharp rise in property prices, we observed an average annual price growth of 10% in currency and higher. Buying property in investment projects can bring you from 20% profit per year and more.
- Visa. If you are considering moving to Turkey for a long period of time, when buying property from 200 000 dollars. at cadastral value, you can get a residence permit.
- Citizenship. At the moment, if you buy property from 400 000 dollars. at cadastral value, you can apply for Turkish citizenship. The investment threshold may be raised in 2024.
- Prices. Prices for property in Turkey start from 40 thousand euros. These are studio flats at the construction stage in Mersin and already higher depending on the region may be higher. Our company offers property in Turkey in Mersin, Alanya, Antalya and Istanbul.
- Renting. You can come and rent a flat in Turkey, if the rent is for a long term, the prices are from about 500 euros per month. Tourist vnzh on rent is now difficult to get, a lot of refusals. If you buy a property for rent, you can count on passive income from rent - for long-term rent from 5% per annum in currency and for short-term rent - from 8% per annum.
- Bank account. Foreigners can open an account in a Turkish bank, get a card, use the online application, make the necessary payments. When buying a flat, our company fully assists with all post-sale services free of charge, including opening a bank account.
- Housing maintenance costs. Electricity and water are metered in Turkey, so if no one lives in the flat there will be no expenses. The owner needs to pay aydat - this is a fee for maintenance of the complex, on average, from 100 euros per year to 3000 euros per year - depending on the infrastructure of the house or complex. Property tax is small, and often does not exceed 100 dollars a year.
- Online purchase. You do not have to fly in person to choose and purchase a property in Turkey. You can choose a property online, and the property can be registered by power of attorney.
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