Buying property in Turkey

Thanks to funds, for the local economy, savings of the investors of the funds are turned into investments, while creating source of finance for large-scale investments at the same time. The investors can invest in sizeable and high-yielding real estates which they cannot normally invest in and they profit from value increase or rent income based on their shares in the fund. Managers of the fund, on the other hand, earn a commission in return for operating the fund. Furthermore, Turkey has a beneficial legal framework for real estate investments that safeguards foreign investors and simplifies the transaction process for properties. Investors from abroad are especially encouraged by the country due to its attractive tax benefits. These include reduced VAT charges and exemptions on some properties purchased in the region.
At around €4,500 that's way below destinations such as the UK or France. A) Persons with foreign nationality can buy maximum 30 hectares of property in Turkey in total and can acquire https://turkishworkpermit.com/retiring-in-turkey limited in rem right. You should seek legal advice from a lawyer on reporting fraud or fraudulent action. In general such complaints are reported to the local Public Prosecutor.

The cost of such properties, as a rule, is 20-30% higher than similar real estate without new control and management technologies, as it guarantees the owners a number of undeniable advantages. Having a solicitor to do the conveyancing is not a legal requirement, and because it’s such a simple process the estate agent will typically carry out all the registration duties on your behalf. Notarisation of all property sales to foreign nationals by a government-authorised interpreter is, however, a legal requirement. We pride ourselves to have proven records of trust-worthy property management service in Turkey upon exclusive request from agents who buy real estate through our company Properties Gate – the real estate portal in Turkey. Bodrum’s robust and consistent real estate market is a significant selling point for the city.

A lot of people visited Turkey for the first time as tourists and they fell in love with this country. Now hundreds of thousands of foreigners (they are not foreigners anymore) live in Turkey as primary residents. However, the Turkish resort real estate market is in many ways atypical, since the price tag for properties doesn’t really change throughout the year.


Are you a landlord interested in talking to The Telegraph about how you built your portfolio? Email with the subject line ‘Buy-to-let empires’ if you’d like to take part in our series. Although stamp duty taxes have increased for second homeowners, you can get “multiple dwellings relief” if you buy in bulk. If he buys a second property in Scotland, the additional tax is 6pc, but if he buys six he effectively pays less than 1pc.

Registered company with offices in Chelsea, London, and in Fethiye, Turkey, we offer a diverse portfolio of properties for sale. Whether you're searching for a luxury villa in Fethiye, a sea view property in Kaş, or a desirable investment opportunity in the UK, our dedicated team is here to assist you every step of the way. With years of experience and a deep understanding of the Mediterranean and Aegean coastal towns, we have built strong relationships with  local property owners, developers, and agencies, ensuring that our portfolio is constantly updated. We take pride in providing a personalized service, working closely with our clients from the initial enquiry to the successful completion of their property transactions.

This growth trajectory is propelled by substantial infrastructure developments, increased foreign direct investment, and strategic economic reforms aimed at fostering international trade and tourism. The government’s commitment to economic stability and growth has bolstered investor confidence, making the real estate market more resilient and attractive for foreign investment. As urban development continues to thrive, particularly in cities like Istanbul, Izmir, and Antalya, the demand for both commercial and residential properties escalates. This surge not only promises lucrative returns for early investors but also signals sustained growth, enhancing Turkey’s profile as a prime real estate investment destination on the global stage. When it comes to investing in property, making well-informed decisions is crucial.

Especially buying real estate in Turkey as a foreigner, you will have an advantage because of the superior currency such as Euros and Dollars. Turkey properties for sale are certainly good for long-term investment. Not only is it another source of asset, but the property buyer can also obtain full Turkish citizenship or a permanent residency permit, which will grant him or her advantages due to this investment.

Also, credit conditions were relaxed, and mortgage terms were reduced to assist homeowners/holders. Also, these were followed with construction loans to aid the industrial subjects, including builders and companies. The Turkish government had to act fast to salvage the real estate sector in the country. As an SOS policy, the government formed alliances with the banking sector to create loan packages and customise mortgages to encourage the real estate sector and cushion the effect of the virus in the sector. Here are the various ways that Covid-19 affected the Turkey real estate market. Robin (PT) en Cemil (Alanya Office) have been very helpful in finding us the right house.