Over the course of the past 10 years Turkey has become a place where more and more foreigners are choosing to purchase property. Provided you do things the right way then it is very safe to buy property in Turkey. .

Houses cost in Turkey is cheap compared to European countries because The real estate market of Turkey was late to enter the international market; hence the low prices of homes quickly attract foreigners from many different nationalities. 

Luxury properties are available with good prices have enabled many customers to buy the property outright without mortgages or bank credit.

The government Migration office at 81 provinces are available for foreigners nationwide, however appointment wait, process-time and ID card delivery varies, in Istanbul province is 3-4 weeks, Ankara is 2-3 weeks , and 1 week or less in Antalya and smaller cities.

Turkey does not give Turkish citizenship rights for new born babies in Turkey whose both parents are foreigners, and must obtain his/her passport from the Embassy in Turkey and apply for Residence permit within 6 months from the date of birth to continue to stay in Turkey legal without an overstay fine.

The cheapest Turkish cities to live in are: Sanliurfa, Kayseri, Mersin, Konya, Iskenderun, and Hatay which have a charming nature and a cheap standard of living, but very far from the capital. 

• Istanbul is the most popular and cosmopolitan city of Turkey.
• Antalya, the most well-known location for tourists, is a very nice city to live in.
• Alanya is a well  developed and touristic district of Antalya. 
• Bodrum is the perfect location for people who are fond of high-standards of living.

Side is a peaceful and calm location with many historical sites, an amazing sea and wonderful nature.

Living in Turkey is not expensive for foreigners from the EU and the US. Except for certain locations, housing and the cost of living is cheaper compared to that in their home countries. … Also the housing costs, options ranging from villas to apartment flats, are more reasonable in Turkey

Turkish people are very friendly and hospitable. … In general, you will still find Turkey exotic, you will find that life in Turkey is more relaxed and less stressful compared to major western countries.

The required documents for a Turkish residence permit are as follows:

• Residence permit application form.
• Four biometric photographs.
• Original passport.
• Notarized copy of the passport or travel document.
• Proof of sufficient and sustainable financial resources for the duration of the stay. …
• Evidence of Health Insurance.

1. Allowing the holder’s spouse and children under 18 to gain the citizenship.
2. Allowing the holder’s children above 18 to have the right to live in Turkey in all their life
3. No wealth declaration needed
4. No need to have lived continuously in Turkey for a certain period
5. Allowing the holder to cash out the investment after holding it for 3 years and to attain a high return on investment
6. Turkish Passport is ranked as 39th strongest passport in the world
7. Allowing the holder to enter more than 100 countries without requiring a visa in advance.
8. Allowing the holder to enter more than 44 countries on an immediate visa issued on arrival (visa-on-airport). Some of these countries are Kuwait, Bahrain, Lebanon, and many African countries.
9.  Allowing the holder to enter more than 7 countries under an online visa. Some of these countries are Australia and Oman.
10. Pension programs are available.
11. Full medical assistance included.
12. Free education and university reimbursement plans.
13.  Allowing the holder to live in a country which is always a popular destination for business opportunities and is projected to rank among world’slargest 10 economies in 2030 according to the the IMF’s most recent datas.

Turkey taxes its residents on their worldwide income, whereas non-residents are taxed on Turkish-source earnings only. Income tax is levied on taxable income at progressive rates after certain deductions and allowances. There is no special tax regime for expatriates.

Currently, Turkish homeowners pay an annual property tax, which is 0.1% of a property’s value, according to the Ministry of Finance and Treasure

In the long-term, the Turkey Sales Tax Rate – VAT is projected to trend around 18.00 percent in 2021, according to our econometric models. In Turkey, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services.

Turkey doesn’t have a visa specifically for retirement, so you have to apply for a residence permit instead. This requirement applies to anyone who intends to remain in the country more than three months

The title deed in Turkey is called “Tapu“. It is an official and legal document to prove ownership rights of a property. It registers the location, owner, type, size information of the property.

The cost of the house may increase or decrease depending on the demands and needs, and it may be from 1800 TL  to 2500 TL and also as we mentioned it may increase .

The important thing here is whether professional support is obtained for the cost of house construction. When you work with professional architects who make cost calculations by designing detached houses, every detail will be calculated perfectly.

Experienced architects will also design and project your home functionally.ost of the house may increase or decrease depending on the demands and needs. The important thing here is whether professional support is obtained for the cost of house construction.

When you work with professional architects who make cost calculations by designing detached houses, every detail will be calculated perfectly. Experienced architects will also design and project your home functionally

We can help you by providing professionals for constructions and for the best land locations for investment

Foreign investors who want to buy properties in Turkey are advised to complete the following steps in order to make sure they have made the right choice:

When deciding to buy real estate in Turkey, visit the country in order to choose the right location;

Discuss your options with a real estate agent with respect to the prices of properties;

Hire a Turkish lawyer to check the property for any encumbrances, especially when it comes to a commercial real estate ( we have accredited lawyers)

foreigners can purchase properties remotely by giving power of attorney to a lawyer or someone they know or the real estate company they trust

foreign investors looking to buy land plots in Turkey must know that they can buy no more than 30 hectares of land;

foreigners must have an insurance policy (also known as Dask insurance) when buying a property in Turkey;

the real estate tax duty when buying a property in Turkey is set at 4.4% of the total value of the transaction;

other costs related to the purchase of the property are the registration and notarization fees which can represent around 1% of the transaction.

The buyer and the seller must present the following documents:

the title deed of the property;

identification documents;

the property value statement document;

earthquake insurance policy;

photos of the seller and buyer;

Payment proof for the title deed fee and other taxes, if necessary.

• Any overseas citizen established in Turkey and with a valid foreign identity number (YKN) in the country can open a bank account with no restrictions. A copy of the passport, the Turkish tax number, the bank forms and a utility bill will be necessary when opening a bank account

The documents are defined below while opening a bank account in Turkey :

Passport (The bank will get a photocopy for registration.)

Turkish Tax Identification Number

A document that proofs your residential address in Turkey (This may take the form of a bill such as electricity or water in the last three months.)

Note: Some banks are providing bank accounts for foreign people who live in Turkey permanently.

• Yapı Kredi has an individual banking section on its websites in English for foreigners. Yapi Kredi, Turkey’s fourth largest private bank with 908 branches.
• İşbank calls itself “the Turkish bank for foreigners”. There is a separate “foreign banking” section on English websites, and its branches, which provide banking services for foreigners, offer one-to-one communication with English-speaking representatives.
• HSBC is one of the most popular banks among foreigners due to its status as an international bank. But that is not connected to the international şubelerbirbir, you can not go to an office in Turkey to query your account in the UK. There is also an English-language website in addition to English-speaking staff at certain branches.
• Denizbank is especially popular with foreigners who want to deposit money in an interest saving account, as it offers one of the best rates in the market. It reinforces this popularity thanks to its English-speaking staff in individual branches as well as an English website.
• Garanti, another private bank’s overseas banking division, focuses on providing all its services in English, including internet, telephone banking, ATM and English-speaking staff at some branches. Garanti is also a Western Union organization.
• Akbank also has overseas banking branches. In addition to the standard services, there are some advantages such as tax consultancy services and a foreign traveler card issued to earn miles while traveling. Akbank is another bank associated with Western Union.
• Other options include state-owned Ziraat, Halk and Vakıf banks. Turkey is located a few Islamic banks such as QNB Finansbank , Albaraka and Kuveyt Türk.

• Can foreigner get job in Turkey?

Foreigners cannot do certain jobs in Turkey and these generally include hospitals, qualified trades, legal offices, etc. but there are other jobs when being a foreigner is actually an advantage.

• Is it easy to get a job in Turkey?

Having spent a considerable amount of time in Istanbul, I can tell you that getting a job here isn’t easy. You will have to be patient and persistent because not too many companies give out work visas. With that said, it is not impossible to get a job in Turkey, particularly if you have skills that are in high demand.

Below is a selection of resources for searching for employment opportunities as a foreigner in Turkey.

With the sites below, I encourage you to give these sites a try as you never know what you will come up with or what connections you can make from a simple e-mail or application.

Kariyer: Kariyer.net is currently the largest job search website in Turkey. You definitely need to know Turkish to have success with this website as this is the platform the locals use.

Eleman: Eleman.net is not as popular as Kariyer, but it is worth checking out. Make sure you use Google Translate if you don’t understand Turkish.

Indeed: Indeed, the big job website in the United States has a bunch of opportunities in Turkey, particularly Istanbul.

• Learn 4 Good: This site tends to be geared towards teaching jobs, but I’ve seen jobs posted in other sectors as well.
• Yenibiris: Lots of good quality, professional jobs. This is where I would start my Turkish job search.

Craigslist: Craigslist is the most well-known classifieds site on the web. They have a Turkish page.

• Teaching English might be an option (if you are a native English speaker that is). All of the sites below are pretty similar and have a massive amount of teaching English job options. Browse through each of the sites for any English job opportunities in Turkey. Also, be sure to check out this cool table from the International TEFL academy that shows how much money teachers can expect to make in various countries around the world.

ESL Employment: Not the most beautiful interface, but who needs a pretty website when you have so many English teaching job options to choose from.

Total ESL: Also an overly busy interface but a wealth of job postings for teaching jobs abroad.

ESL Cafe: Dave does a great job in compiling some of the best job openings from around the world.

Tesall: Big teaching jobs aggregator.

• Transitions Abroad: Check out the informative articles on Transition Abroad.-

Overseas and Expat Job Portals

• Overseas Jobs:  I find that there is often significant overlap between the postings on this site and that of other sites. Nevertheless this site has been around for a while.
• Go Abroad: I’ve always been a fan of GoAbroad. In fact, on the visa information portion of my website, you will find where I have linked to their global embassies directory. They have a good job portal too.

Linkedin: Last but not least, this huge professional social network is a resource for building contacts in the field and location of your interest.