Define Your Goal
The first step in buying property in Turkey is clarifying your purpose: living, rental investment, second home, or citizenship. Each goal demands a different region and property type.
1. Budget & Financing
- Allocate 85-90% of your budget to the property, the rest to costs (title fee, taxes, furniture).
- Foreign investors can obtain mortgages up to 50% LTV from Turkish banks.
- For currency transfers, a DAB (Foreign Exchange Purchase Document) is required — our experts handle the process.
2. Choosing the Right Region
- Rental Yield: Sisli, Beyoglu, Kadikoy — high demand, 5-7% net USD yield.
- Citizenship: Branded projects of $400,000+.
- Holiday/Second Home: Antalya, Bodrum, Fethiye.
- Capital Appreciation: Istanbul Canal route, Halkali, Basaksehir.
3. Legal Process
- Obtain tax number (1 day)
- Open a Turkish bank account (1-2 days)
- CMB-licensed appraisal report (3-5 days)
- Title deed appointment and transfer (1 day)
4. Taxes & Costs
- Title fee: 4% (shared between buyer-seller)
- Annual property tax: ~0.2%
- Mandatory DASK earthquake insurance: ~150-300 TRY/year
- VAT exemption for foreigners (on new-build housing)
5. After the Title Transfer
After the title transfer, you can leverage our Property Management service for rental collection and maintenance.