Purchasing real estate in Istanbul is one of the best investment opportunities in the world. While buying property in this city may be challenging for foreigners unfamiliar with the market, our extensive experience will help you purchase your property in Istanbul in just 7 steps.
Purchasing Your Property in Istanbul in 7 Steps
1 Determine What Type of Property You Want
It's preferable to have a clear idea of what you want before speaking with our sales experts. Establish a positive relationship with your real estate agent and communicate clearly about your needs and priorities for buying in Turkey.
2 Review Every Option Presented to You
During phone calls, emails, and the first meeting before sightseeing tours, you'll be presented with a wide range of properties in Istanbul. Now you must decide on the best of these choices based on your criteria.
3 Go on a Viewing Tour
Take a tour of the properties you liked from the options presented by your sales expert. See the properties in person and get a feel for the neighborhoods.
4 Negotiate the Price and Terms
Whether buying property in Istanbul as an investment, for citizenship, for retirement, or other reasons, we will negotiate with sellers to get the best terms and prices for you. Our extensive connections allow us to secure good discounts from builders, developers, and sellers.
We work directly with both buyers and sellers with no middlemen. Before signing the contract, we ensure every detail has been reviewed and mutually agreed upon. We make certain you receive your property:
- The exact property shown to you by the original seller
- Debt-free
- Under mutually agreed-upon terms
5 Pay Deposit and Sign Purchase Agreement
After finding your property (house, apartment, or villa), it's time to reserve it. You'll pay a deposit of $5,000 for the seller to take the property off the market. This amount is included in the purchase price and deducted from the rest of the payment.
We prepare the official sales contract in your preferred language with all details. The down payment (typically 30-50% of the selling price) must be made within 1-4 weeks of contract signing. The balance is paid at title deed conveyance.
6 Execute Legal Procedures
Legal procedures are required to complete the property purchase in Istanbul:
- Turkish Tax ID Number: A passport is sufficient to obtain this
- Bank Account: We'll open an account for you to make all purchase-related payments
- Appraisal Report: Required for all real estate sales to foreign buyers to confirm the property's actual value. We work with government-approved appraisers
- Power of Attorney: If you don't have time to handle legal transactions, you can give POA to us, your lawyer, or a legal representative
7 Sign Title Deed and Move In
After signing the contract, it takes approximately 4 weeks to complete the purchase process. Your lawyer will check the documents and property and ensure it's registered in your name.
After all legal steps and contract conditions are fulfilled by both parties, your property will be registered in your name and you'll receive the title deed for your new property in Turkey.
Congratulations! You now have your dream property in Turkey!
Frequently Asked Questions
How do I find my ideal house in Istanbul?
With 900+ properties in Istanbul across 300+ projects, our website is one of your best choices for buying property in Istanbul.
Can foreigners buy real estate in Istanbul?
Foreigners are allowed to buy land and property in Turkey in their own names, as long as the properties are in towns rather than villages, rural areas, or military zones.
Can I get citizenship by buying property in Turkey?
Obtaining Turkish citizenship through property investment is one of the least expensive and fastest ways to get a second passport. By buying property for $400,000+, an investor is eligible to apply for Turkey citizenship. The passport is normally granted 6-8 months after application.
Is it safe to purchase property in Turkey?
Many people wonder if it's safe to invest in Turkish real estate. The answer is yes. It can also be a very lucrative investment with proper guidance and legal assistance.
Who cannot buy property in Turkey?
Citizens from nearly every country can purchase property in Turkey. Buyers from the UK, Europe, the US, and Middle East are among them. Citizens of only five countries are barred: Syria, Armenia, North Korea, Nigeria, and Cuba.