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The advantages of foreign citizens
The advantages of foreign citizens purchasing real estate in Istanbul can be truly diverse and appealing.
Articles & News
Investing in real estate can offer a range of benefits, including stable income, potential capital appreciation, and inflation hedging. With interest rates at historic lows, investing in real estate has become increasingly appealing, especially in markets where rental yields are high.
Our Residency Programs
Investing in real estate can offer a range of benefits,
including stable income,
potential capital appreciation, and inflation hedging.
Answers to frequently asked questions
- In Türkiye, acquisition of property ownership titles may only be approved upon registration at the land registry directorates.
- Preliminary real estate contracts, issued by notaries or entered into by natural persons in writing, do not confer transfer of property per se. They only serve as a commitment for the transfer of ownership; the property in question does not change hands by means of such instruments.
- Burdens such as mortgages, liens, and similar types of restrictions that may exist with regard to the said property that would prevent the sale thereof should be checked prior to the initiation of procedures at the respective land registry directorate.
- Inquiries about properties may be made online at parselsorgu.tkgm.gov.tr, where specific details of the city, district, quarter/village, map section, and plot may be used to look up the property. Basic information on the real estate property, including its current status, is thus accessible online from anywhere in the world. Personal information of the owner remains inaccessible, however.
- Foreign nationals do not need to have a residence permit as a pre-condition to acquire real estate in Türkiye. In addition, foreigners who acquire property in Türkiye are granted renewable short-term residence permits under Law No. 6458 on Foreigners and International Protection.
- A natural or legal person intending to acquire real estate in Türkiye is required to apply to the General Directorate of Land Registry and Cadastre together with the owner of the property. In addition, they may call the Alo 181 Call Center, offering service around the clock, or visit randevu.tkgm.gov.tr to make an appointment without having to visit the directorates’ offices in person.
- Turkish companies with foreign capital, on the other hand, should first file an application at the Provincial Directorate of Planning and Coordination (PDPC) at the local governor’s office where the real estate is located. Once granted a positive response from PDPC, they should then apply to the Land Registry Directorate. These companies may apply in person, via post, or e-mail.
In Turkey, only trading companies established according to the laws of their respective countries and having legal personality may acquire real estate and limited rights in rem as foreign legal persons. Legal persons other than such trading companies (foundations, associations etc.), on the other hand, may not acquire real estate and may not have rights in rem. Acquisition of real estate by trading companies established in foreign countries according to the laws of their respective countries and having legal personality, on the other hand, may be granted in exceptional cases and is deemed possible only when stipulated under the provisions of international conventions or special laws. Among the specific codes inclusive of provisions on this matter are Law No. 6491 on Turkish Oil, Law No. 2634 on Tourism Incentive, and Law No. 4737 on Industrial Zones. NOTE: With respect to mortgages, an exception is stipulated whereby there is no limitation as to the mortgages to be created over the property in favor of foreign natural and legal persons.
Companies established in Turkey as a legal entity are considered under the category of foreign-owned companies in accordance with the following conditions:
- Foreign investors hold fifty percent or more of the shares, or
- Foreign investors are entitled to appoint and dismiss the majority of the board of directors
- Creation of mortgage
- Acquisition of real estate within the scope of cashing out a mortgage by the beneficiary of a mortgage
- Transfer of real estate ownership and limited rights in rem arising out of company mergers and demergers
- Acquisitions in organized industrial zones, industrial zones, technology development zones, and free zones
- Acquisitions realized due to the transactions considered as loan within the framework of the relevant banking legislation or for the purpose of collection of receivables
Why Our Clients Choose Us
Investing in real estate can offer a range of benefits,
including stable income,
potential capital appreciation, and inflation hedging.
Invest Without Boundaries
Explore how we can remove all the boundaries before your real estate investment journey in ease.
Paperwork & Legal Advisory
We take care of all the legal procedures for you with an expert legal team.
Private Property Tours
We make sure you get an exclusive look at a selection of properties with your personal advisor.
Professional Investment Advisors
Work with our expert investment advisors team, so you can experience a smooth and comfortable investment journey.
Utility Management
Our after-sales services include taking care of all technical needs of your investment property.
Proactive At All Times
We bring you the best real estate options with a foresight vision.