Real estate in Turkey for living and investment with up to 30% increase in value

Interest growth dynamics for Turkish real estate

Types of real estate in Turkey

Apartments

• from 50 m²

In the tourist regions of Turkey, fully furnished apartments with one or two bedrooms are popular — they are easier to rent out. Turkey homes with three or more bedrooms are more often bought for personal residence

from $120,000

Aparthotels

• from 20 m²

Real estate in Turkey in complexes where apartments are sold in ownership but managed by a hotel operator. Convenience for investors: reception and cleaning services.

from $200,000

Houses and villas

• from 150 m²

Gated residences with private pools and recreation areas. Suitable for long-term living or as a holiday home. Popular in the resort regions of Bodrum, Fethiye, Dalyan, and Kalkan; also in the suburbs of major cities, like on the Bosphorus shores in Istanbul

from $300,000

What taxes in Turkey do investors pay

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• Can foreigners buy property in Turkey?

  Yes, in recent years, foreign investors can freely buy real estate in Turkey, including land and apartments. There are minimal restrictions, and ownership is available with just a valid foreign passport. The process is transparent and open to citizens of other countries.

• Is real estate cheap in Turkey?

  Compared to European countries and other world regions, property in Turkey offers relatively affordable prices. Comfort-class housing starts at around $2,000/m², with minimum property prices at $120,000. Some regions like Antalya or Ankara offer lower entry points, making Turkey attractive for budget-conscious buyers and investors.

• Where is the best place to live in Turkey as a foreigner?

  Popular prime locations include Istanbul for city life, Antalya for resort living, and Fethiye for a relaxed coastal lifestyle. These regions offer strong infrastructure, expat communities, and easy access to services, making them ideal for foreign residents seeking comfort and convenience.

• Is Turkey a good place to invest in real estate?

  Yes, Turkey offers strong investment potential with annual property value growth of 10–20%, rental yields up to 12%, and a high tourist influx. The legal framework is investor-friendly, and foreign buyers benefit from options like residence permits and citizenship programs.

• Are there any limitations for foreign buyers when it comes to acquiring real estate in Turkey?

  Foreigners can generally buy property freely, except in military zones or strategically restricted areas. Ownership limits are generous, and there's no need for Turkish citizenship. Some nationalities may need Ministry of Interior approval, but most face no significant restrictions.

• What is the process for acquiring immovable property in Turkey?

  The process includes selecting a property in Turkey, reserving it with a deposit, legal checks, opening a bank account, signing a contract, and registering the deed at the Tapu Office. Full ownership is granted once all steps and payments are completed

• What additional costs are involved in a real estate transaction?

  Additional costs in Turkey include a 4% Title Transfer Tax, legal fees, notary fees (if needed), translator services, and a small annual property tax (0.1–0.2%). Depending on the property, insurance, evaluation, and banking fees may also apply during the purchase.

• Is it necessary for the buyer to open a bank account to purchase property, and what steps are involved in doing so?

  Yes, a Turkish bank account is usually required. Steps include submitting a tax number, passport, proof of address, and completing a legal currency exchange to obtain a DAB certificate. It enables legal money transfers and tax compliance for the transaction.

• What potential returns can investors expect from real estate investments in Turkey?

  The vast country offers rental yields of 8–12% annually, with property value increasing 10–20% per year. In resort regions, short-term rentals offer higher returns. Investment payback for Turkish real estate typically takes 8–10 years, depending on strategy and location.

• How is income from rental properties taxed?

  Rental income is taxed progressively from 15% to 40%, depending on annual earnings. Deductions may apply for expenses, and tax declarations are mandatory. Investors should consult local advisors to optimize tax planning and remain compliant with Turkish tax laws.

• What other taxes and fees related to immovable property apply in Turkey?

  Besides the title deed tax, property owners pay an annual property tax (0.1–0.2%) and income tax if renting out. A capital gains tax (15–35%) applies if the property in Turkey is sold within five years, adjusted for inflation.