How to Start Your Property Buying Journey in Turkey with Confidence and Success

If you are interested in buying property in Turkey, whether for residency, investment, or obtaining Turkish citizenship, you've come to the right guide.

Buying an apartment in Turkey has become a popular choice among foreign and Arab investors due to the unique investment opportunities, government facilitations, and competitive prices Turkey offers.

However, before taking your first step in your journey to owning property in Turkey, you must understand the steps of buying property in Turkey and the conditions for buying property in Turkey, especially if you are a foreigner.

In this article, brought to you by Mbany Real Estate, we will guide you through everything you need to start your journey with confidence, from tips for buying property in Turkey to how to buy an apartment in Istanbul that grants you Turkish citizenship, covering all options such as buying property in Turkey in installments or in cash.

Why Do Many Choose to Buy Property in Turkey?

Stability, Citizenship, and Investment

• The Turkish government offers attractive facilities for foreigners wishing to buy property in Turkey, including obtaining Turkish citizenship and the right to permanent residency.
• One of the most prominent incentives is granting Turkish citizenship when buying an apartment in Turkey that grants citizenship with a value of at least $400,000.
• Turkey is a safe and economically prosperous country, which encourages many to buy a house in Turkey for living or as a long-term investment.

Unique Geographical Location and Climate

• Turkey is located between Europe and Asia, making it an attraction point for global investors.
• The moderate Mediterranean climate enhances the demand for buying a house in Turkey, especially in coastal cities such as Antalya and Trabzon.

Reasonable Prices and City Diversity

• Compared to European countries, property prices in Turkey are very reasonable, even in large cities like Istanbul.
• The diversity of cities caters to all tastes: those who want urban life can buy an apartment in Istanbul, and those who prefer nature, Antalya, Bursa, and Trabzon are ideal options.

Steps to Buy Property in Turkey for New Investors

Step One: Define the Goal and Type of Property

• Is the goal of buying property in Turkey residency, investment, or citizenship?
• Determine whether you are looking to buy an apartment in Turkey, a villa, or a commercial store.

Step Two: Choose the Right Location

• The location affects the return on investment and the value of the property.
• Istanbul for high investment returns, and Trabzon for its calm atmosphere and charming nature.

Step Three: Deal with a Reliable Company Like Mbany Real Estate

It is important to cooperate with a reliable entity like Mbany Real Estate, which provides comprehensive support from property selection to receiving the title deed (Tapu).

Step Four: Verify Property Documents

• Make sure the title deed (Tapu) matches the actual description.
• Request the mandatory real estate appraisal report that determines the real price of the property, which is an official requirement in the process of buying property in Turkey for foreigners.

How to Buy an Apartment in Turkey That Grants You Turkish Citizenship

Conditions for Obtaining Turkish Citizenship Through Property Purchase:

• Buy an apartment in Turkey worth at least $400,000 US dollars.
• Pledge not to sell the property for three years.
• Submit an official appraisal report proving the value of the property.
• Official bank transfer from the personal account in the buyer's country to the Turkish bank account.

Best Cities to Buy an Apartment in Turkey That Grants Citizenship:

• Istanbul: The largest economic city and suitable for long-term real estate investment.
• Antalya: A great option for tourism and coastal properties.
• Ankara and Izmir: Cities with a strong infrastructure and competitive prices.

Tips for Buying Property in Turkey for Residents and Foreigners

Verify the Title Deed

• Ensure the safety of the Tapu and that it is free of mortgages or debts.
• Avoid buying shared properties unless it is for collective investment.

Deal with a Reliable Company Like Mbany Real Estate

• A company like Mbany Real Estate plays a crucial role in reducing risks, thanks to its expertise in the Turkish market.
• It provides you with multiple options and ensures sound legal transactions.

Don't Ignore the Importance of Location

Municipal laws vary between regions, and some areas do not allow foreigners to own property.

Buying Property in Turkey in Installments: Is It a Suitable Option?

Advantages of Buying Property in Installments

• The possibility of owning without paying a large amount at once.
• Flexible payment plans up to 5 years in some projects.

What to Pay Attention to in Installment Contracts

• The necessity of verifying payment terms, interest (if any), and penalties in case of delay.
• Ensure the property is registered in your name after final payment.

Conditions for Buying Property in Turkey for Foreigners

• Most nationalities are allowed to own property, except for some special cases.
• The most prominent conditions for buying property in Turkey for foreigners include:
  • Having a valid passport.
  • Obtaining a Turkish tax number.
  • Opening a bank account to transfer funds.
  • Extracting a real estate appraisal report.
  • Signing the sales contract in the presence of a notary public or through a certified lawyer.

Buying Property in Istanbul: Why is it the Best Destination?

Advantages of Investing in Istanbul

• Istanbul is the economic and cultural heart of Turkey.
• The rental yield is high due to the high demand for housing, especially in central areas.

Best Areas to Buy Property in Istanbul

• Basaksehir: A new, well-serviced area suitable for families.
• Esenyurt: Reasonable prices and ready-made projects.
• Kagithane: A central location and promising investment.

How to Buy Property in Turkey as a Foreigner? A Practical Guide

Follow these steps:

• Contact Mbany Real Estate to choose the right property.
• Visit Turkey if possible, or rely on reliable virtual tours.
• Open a bank account and get a tax number.
• Sign the sales contract and start the registration procedures.
• Extract the title deed and start residency or citizenship procedures.

How to Buy Property in Turkey Step by Step

Practical Steps to Owning Property in Turkey

1. Choosing the right property.
2. Signing the preliminary contract.
3. Paying the deposit.
4. Preparing legal documents and the real estate appraisal.
5. Transferring the amount to the seller.
6. Obtaining the title deed (Tapu).
7. Submitting the real estate residency application (if necessary).

Frequently Asked Questions: How to Start Your Property Buying Journey in Turkey with Confidence and Success

Conclusion: How to Start Your Property Buying Journey in Turkey with Confidence and Success

Buying property in Turkey is no longer a difficult matter, but has become one of the safest ways to invest or own property abroad, especially after the facilitations of the Turkish government and the experience of companies such as Mbany Real Estate.

By adhering to the steps of buying property in Turkey, reviewing the conditions for buying property in Turkey for foreigners, and following the tips for buying property in Turkey explained in this article, you will be in a strong position to make the right decision.

Whether you are looking to buy an apartment in Istanbul, or you want to buy property in Turkey in installments, the journey begins today. Start your journey with confidence and success, with Mbany Real Estate, and plan your real estate future in Turkey now.