All your questions in your mind about buying real estate in Turkey, this page will help you to find your answers. If you do not find your answer on Frequently Asked Questions page, please contact with us and get your answers.
Yes its possible. We have wide choices of property for sale in cash or suitable installment plans.
Turkish citizenship can be obtained through real estate investment with more than $250 thousand in Turkey, along with a pledge not to sell the property for 3 years.
Yes, they do. Turkish Parliament has issued a decree in September 2012, which gives foreigners the right of owning properties in Turkey.
Tax number in Turkey (vergı numarsı) is a number of your own, you are sometimes asked for it in legal and official transactions or when opening a bank account in Turkey. You can get it easily through the following:
Bring a copy of your passport and your address in Turkey. Go to the nearest tax directorate (vergı müdürlüğü) in your neighborhood and ask for a tax number. They will enter your information into the system and give you a card with a tax number of your own.
Yes. The taxation system is the same for everybody
If a foreigner owns a property in Turkey, he/she gets residence permit which is renewed every year if he/she keeps the ownership.
Yes. Your wife and your children under 18 years old can also get a residence permit after your application.
No! You can buy property in Turkey without the residence permit.
Buy property more than 250.000 USD and apply for Turkish citizenship, our company has a department for citizenship, we can help you from beginning till you get your passport to your hand.
The number of properties you can buy is unlimited. Also, more than one person can own the same property. Concerning the period, on average, purchasing process does not take more than 3 days.
Only your passport.
The ownership document (title deed) is called as "TAPU" in Turkey.
The Tapu is an official registry document in Turkey. It proves that you have ownership rights over the property. This ownership document is your registry at Land Registry and Cadastre Directorate.
Valuation report is a report showing the real price of a property that you are buying or selling. When one buys a property, Land Registry and Cadastre requests valuation report verified by CMB (SPK in Turkish) before the title deed transfer to secure the deal against fraud. This process takes 3-4 days.
Yes. Unfortunately, hotel receptionists, waiters, taxi drivers, jewelry dealers are the most well-known property sellers(!) at touristic regions of Turkey. Please be aware of these tourist hunters. Purchase property from professional agencies and established companies. Please ask to your agent his/her real estate license and certification. If they don’t have , don’t work with them. Don’t take this risk.
Whenever you buy a property from a real estate company, registered and licensed real estate agents are entitled to receive 2%+Vat service fee over the actual sales price of the property both from the purchaser and the property owner separately.
Buying an apartment by Area İstanbul company several advantages: firstly; you view a wide range of properties that match your budget and quality expectation. Secondly; You notice the differences between different property developers, not only one construction company. Third: you experience the benefit of our professionalism, secure buying process and great after sales services.
Yes and No. Negotiation depends on the agents' habits. Because every property has different owners, some negotiate and some not. In Istanbul, most of the mega project owners do not negotiate on price. They use mostly campaigns to pump up their sales. So better to catch these campaigns and sing up to our newsletter.
Every country citizens may buy property in Turkey except the countries which Turkey does not recognize diplomatically (like Armenia, North Korea and Syria)
You pay approximately 5.000 USD reservation fee upon contract signature. Most developers offer payments on stages like the completion ratio of each building stage. Circumstances may vary from one developer to other developers. For a certain answer, you need to ask to our agent's payment plan table of each offer.
We need only your passport. All needed documents are prepared afterward depending on your passport upon purchasing.
Returns of investment in an average in the city center are significantly lower than the rest areas, they range approximately between 4-5%, but in developed and modern areas the percentage rises to 7-8%, in addition to that, when you buy in the initial stage of construction, rental returns and the value of the property rise around 15-20% annually, so it is very easy to get 100% profitable from your property in a few years in Turkey.
You need a tax number and address evidence. When you plan to come to Turkey, bring address evidence where your address and name wrote on the bill. According to the bank legislation, your address must be proven by an electric, water or internet bill which shows your address and name.
Yes, there are independent English speaking lawyers in Istanbul. We can introduce them to you during your viewing trip if you request.
There are several costs upon buying property. please ask our agents.
Maintenance fee varies from complex to another complex. Upon purchasing a house, please ask the expected maintenance fee.
You pay "annual property tax" to the municipality. Environmental tax and wealth tax are added in the water bills generally.
Ask Area İstanbul staff to help you ensure your property for full risks.
We help our customers to rent their property under secure conditions for long term. We do not give service for short-term rentals.
Many developers offer furnishing packs. Area İstanbul staff may help you buying furniture in modern shops too.
You can visit our website services page.
Please contact us for an appointment.