Frequently Asked Questions
Frequently Asked QuestionsThe title deeds are limited to a single person and their family members only.
Certainly, it is possible to acquire Turkish citizenship through investment in commercial properties with rental income. The Turkish government offers a Citizenship by Investment program that allows eligible individuals, who meet the specified investment criteria, to apply for Turkish citizenship
Turkish laws do not restrict dual or multiple citizenships; instead, it depends on the regulations set by your respective state.
all nationalities are eligible to apply for a Turkish passport through real estate investment, as long as they meet the following criteria:
- They are legally allowed to buy property in Turkey according to Turkish law.
- They purchase real estate in Turkey with a minimum value of $400,000 USD or equivalent in Turkish Lira.
- The purchased real estate is registered in their name at the Land Registry Office in Turkey.
- They hold a valid residence permit in Turkey.
- They have no criminal record in Turkey or any other country.
Yes, Antalya Development offers property management services. We manage residential and commercial properties for clients in various locations
Compared to most European countries, the general cost of living in Turkey is significantly lower. This means you'll find groceries, transportation, and dining out more affordable, especially when compared to Western Europe.
According to the property law, the Land Registry office (Tapu ) requires that the Tapu report be no older than 3 months to be accepted for official transactions. This means that if the report's validity period has expired, it will not be considered valid and your transaction may be delayed or denied.
Renting out your property in Antalya can be a lucrative investment. While the peak season offers the highest returns, you can still generate income year-round
As a property owner in Turkey, you will be responsible for several ongoing taxes. These include:
1. Property Tax (Emlak Vergisi)
2. Environmental Tax (Çevre Temizlik Vergisi)
3. Wealth Tax (Varlık Vergisi) Optional : if the property price over 5,227 Millions TL in Title Deed
Here's a concise list of documents you'll need for a property appraisal report:
- Appraisal report (usually prepared by an expert)
- Passport translation at the Notary
- Power of attorney (if needed)
- 2 recent Bimoetric photos
- Local tax number
For new development projects in Turkey, the average deposit requirement is 50% of the purchase price. This deposit is typically due within four weeks of signing the purchase contract.
In addition to the initial deposit, most developers offer stage payment plans. This means you can pay the remaining balance in instalments throughout the construction process. These payments are typically structured as lump sums due at the completion of each major construction stage.
The answer is yes, but with some important conditions. Foreign companies can own property in Turkey, but only if their home country has a reciprocal agreement with Turkey. This agreement means that Turkish companies are also allowed to own property in the other country.
Here are some key points to remember:
- Reciprocity is required: If your company's home country does not have a reciprocal agreement with Turkey, your company cannot directly purchase real estate.
- Direct ownership vs. subsidiary establishment: While a direct purchase might not be possible, foreign companies can still invest in Turkish real estate by establishing a branch in Turkey. This subsidiary can then purchase property in accordance with Turkish laws.
- Specific sectors have limitations: Even with a reciprocal agreement, some sectors, like agricultural land and military zones, have limitations on foreign ownership.
Yes, owning property in Turkey can significantly simplify obtaining a residence permit. Foreigners who own real estate in Turkey are eligible for a residence permit that is renewable annually as long as they retain ownership of the property.
While living in Turkey is not generally mandatory for obtaining citizenship, there are certain circumstances where it could be a factor.
Generally Not Required:
- You do not need to reside in Turkey full-time to be eligible for citizenship through most channels, such as investment or marriage.
- You can maintain your primary residence in your home country while pursuing Turkish citizenship.
- Our experienced law team can assess your specific situation, advise you on the most suitable path to citizenship, and answer any questions you may have.
1. Passport: Valid passport with a copy translated and notarized
2. Tax Number: Turkish tax identification number.
3. Bank Account: Turkish bank account for transactions.
4. Power of Attorney (if applicable): If not present personally, a power of attorney authorizing a representative to act on your behalf.
5. Criminal record
6.Two recent biometric photos.
Turkey offers a compelling combination of factors for a satisfying and affordable retirement:
- Affordable Cost of Living: Compared to many Western countries, the cost of living in Turkey is significantly lower, allowing retirees to stretch their budget further.
- Favorable Climate: Turkey boasts diverse climates, from the sunny Mediterranean coast to the cool mountain regions, offering year-round options to suit various preferences.
- Beautiful Landscapes: From stunning beaches and turquoise waters to majestic mountains and lush forests, Turkey's natural beauty provides retirees with ample opportunities for outdoor enjoyment.
- High-Quality Healthcare: Turkey boasts a modern healthcare system with well-equipped hospitals and qualified professionals, offering retirees access to affordable medical care.
- Strategic Location: Located between Europe and Asia, Turkey offers retirees easy access to both continents, facilitating travel and exploration.
No problem! Reprinting a title deed is a simple task. Your original registration is protected as a hard and software copy with high security at The Directorate of Land Registry and Cadastre.
It is the main and only document in Turkey that proves real estate ownership.
This is an insurance policy. It is for all occasions. The most important one for property buyers is DASK, the mandatory earthquake insurance.
This is mandatory insurance in case of an earthquake.
It’s a residential complex consisting of one or more blocks and has a closed area, security and developed social infrastructure.
It is an internal passport of a Turkish citizen.
It is a residence permit, a document confirming legal residence in Turkey.
A District where the number of foreigners living with a residence permit has reached 20% is called closed. It is not possible to obtain a residence permit here.
This is a mandatory fixed payment for the maintenance of the infrastructure of the residential complex.
It is a local municipality.
This is the migration service. You get a residence permit here.
The list of closed areas is updated annually.You can find the full list of closed areas on the website of the migration service or from the specialists of ANTALYA DEVELOPMENT.
Foreigners can buy all types of real estate: Off-plan projects, second hand apartments, lands, villas, Commercial properties, Hotels.
The tax for obtaining a Tapu, a title deed, is 4% of the cadastral value of the property.
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