Everything you need to know before buying an apartment in Turkey

Buying an apartment in Turkey has become a common goal for investors and individuals looking to reside, retire, or obtain Turkish citizenship. Thanks to rapid real estate growth, modern infrastructure, and the Turkish government's facilitation for foreigners, apartments for sale in Turkey have become one of the most popular investment opportunities in the Middle East and Europe.

In this article, we provide you with a comprehensive guide on everything you need to know before buying an apartment in Turkey, starting with the steps and procedures of the purchase, going through prices and costs in various Turkish cities, and ending with the laws and rights specific to foreigners.

We also review the most important tips, installment purchase opportunities, and how citizenship can be obtained through real estate ownership, with a focus on the services of reliable real estate companies such as Mbany Real Estate.

Steps to Buy an Apartment in Turkey

How to Buy an Apartment in Turkey for Foreigners

The first step in how to buy an apartment in Turkey for foreigners begins with defining the purpose of ownership, whether for investment, residence, or obtaining citizenship. Afterward, the appropriate apartment location is chosen, whether in Istanbul, Antalya, or other developing cities.

It is advisable to cooperate with a professional real estate agent or a trusted company such as Mbany Real Estate to secure all legal details and necessary guarantees.

Apartment Purchase Procedures in Turkey Step-by-Step

1. Research and choose the property through reliable websites or field visits.
2. Obtain a tax identification number from the Turkish tax office.
3. Open a Turkish bank account in the buyer's name to transfer funds.
4. Sign the preliminary sales contract and provide a deposit.
5. Conduct a mandatory official real estate appraisal for foreigners.
6. Obtain approval from security authorities (in some cases).
7. Transfer the title deed (Tapu) and register it in the Land Registry.

Apartment Purchase Prices in Turkey by Cities and Regions

Cost of Buying an Apartment in Turkey in Major Cities

Apartment purchase prices in Turkey vary depending on the city, region, and surrounding services. In Istanbul, for example, prices start from $80,000 and can reach more than $500,000 in central areas such as Şişli and Beşiktaş. In cities like Trabzon and Mersin, prices start from $40,000.

Factors Affecting the Cost of Buying an Apartment in Turkey

• Geographic Location: Apartments in coastal cities or near business centers are more expensive.
• View: Apartments with sea or Bosphorus views have a higher value.
• Property Type: Apartments in luxury residential complexes are more expensive than regular apartments.
• Building Age: Newer properties are more expensive but safer and more legally sound.

Best Place to Buy an Apartment in Turkey

Apartments for Sale in Istanbul and Antalya

If you are looking for an apartment for sale in Turkey, Istanbul is the most prominent choice due to the diversity of real estate and its proximity to transportation and services. Antalya, on the other hand, is an excellent coastal city for lovers of the sea and moderate climate, and its prices are competitive.

Apartments for Sale Turkey in Developing Cities

Cities such as Bursa, Yalova, Sakarya, and Trabzon offer golden opportunities for those looking for properties at reasonable prices, with a high potential for market value appreciation in the coming years, making them ideal for those who want to buy an apartment in Turkey for investment purposes.

Buying an Apartment in Turkey in Installments

Terms and Options for Buying in Installments

Buying an apartment in Turkey in installments is available in many modern real estate projects. General conditions include:

• Down payment between 30% and 50%.
• Monthly or quarterly installments up to 60 months.
• Interest-free in some new projects.

Benefits of Buying in Installments

• No need for bank financing or proof of income.
• Flexibility in payment and capital savings.
• Possibility of early booking before the completion of construction at a low price.

Law on Buying an Apartment in Turkey for Foreigners

Conditions for Buying an Apartment in Turkey for Non-Citizens

Under the law on buying an apartment in Turkey for foreigners, citizens of more than 180 countries have the right to own real estate, provided that:

• The property is not located in military zones.
• The total area owned does not exceed 30 hectares.

Legal Guarantees for Foreign Investors

• The title deed is registered directly in the foreigner's name.
• The rights of sale or lease are reserved.
• Possibility to apply for residency or citizenship.

Buying an Apartment in Turkey to Obtain Citizenship

Conditions for Applying for Turkish Citizenship by Buying an Apartment

To obtain Turkish citizenship, you must:

• Purchase a property or group of properties with a minimum value of $400,000 US.
• Pledge not to sell the property for 3 years.
• Pay via a documented bank transfer.

Benefits of Obtaining Citizenship Through Real Estate Purchase

• Turkish citizenship for you and your family (spouse and children under 18 years).
• Possibility to invest and travel visa-free to more than 110 countries.
• Enjoy all civil, educational, and health rights.

Tips Before Buying an Apartment in Turkey

What You Should Know Before Buying an Apartment in Turkey

Before you say, "I want to buy an apartment in Turkey," consider the following points:

• Ensure the validity of the title deed (Tapu) and that the property is free of liens.
• Request an official real estate appraisal.
• Choose a reliable real estate company.
• Conduct an investment feasibility study if purchasing for profit.

Using Mbany Real Estate

Mbany Real Estate provides comprehensive services to investors, from selecting the appropriate property to completing official procedures, whether you are inside or outside Turkey, offering the possibility of buying an apartment in Turkey remotely through legal agencies.

Frequently Asked Questions About Everything You Need to Know Before Buying an Apartment in Turkey

1. Can I buy an apartment in Turkey without visiting the country?

Yes, through remote purchase services offered by companies such as Mbany Real Estate, by signing a legal agency and translating contracts.

2. Is investing in Turkish apartments worthwhile?

Yes, especially in major cities and tourist areas. The rental yield ranges between 4%-8% annually, in addition to the increase in the value of the property.

3. What are the steps to buy an apartment in Turkey for foreigners?

These include research, negotiation, obtaining a tax identification number, opening a bank account, real estate appraisal, signing the contract, and transferring the title deed.

4. Is Turkish citizenship guaranteed when buying a property?

Yes, provided that you buy a property worth at least $400,000 and submit all the required documents.

5. What is the best time to buy an apartment in Turkey?

The period between the end of summer and the beginning of winter is usually ideal for getting special offers and discounts from real estate developers.

Conclusion: Everything You Need to Know Before Buying an Apartment in Turkey

In conclusion, if you are considering buying an apartment in Turkey, knowing the details related to prices, conditions, legal procedures, and financing options puts you on the right path to making a successful investment decision.

We have provided you with everything you need to know before buying an apartment in Turkey, including the different ways to own, the most suitable cities, and how to take advantage of the property to obtain Turkish citizenship.

Be sure to work with reliable real estate companies such as Mbany Real Estate to ensure a smooth and safe purchase process, whether you are inside or outside Turkey.