Sage-Tips

Is it safe to invest in property in Turkey?

Buying a property in Turkey, in many respects, the safest investment you can make. Turkey’s real estate industry has exploded as a result of increased tourism. Turkey has also been a popular retirement destination for foreigners. Property prices, on the other hand, have remained low while their values have risen.

Can I buy a house in Turkey and get citizenship?

You can be a Turkish Citizen by purchasing a property in Turkey that is worth a minimum of $250,000. The Spouse and children who are less than 18 years old will also be granted Turkish Citizenship. Your Turkish Citizenship will remain throughout your life and your children will be born as Turkish Citizens.

Can I own property in Turkey?

Citizens of just about every country in the world can buy property in Turkey. That includes buyers from the United Kingdom, Europe, the US and the Middle East. In fact, buying property in Turkey is out of bounds for the citizens of just five countries: Syria, Armenia, North Korea, Nigeria and Cuba.

Where is the best place to buy property Turkey?

Where is the best place to buy property in Turkey?

• Istanbul. Even though the capital of Turkey is Ankara, its main economic, financial, educational and touristic hub is Istanbul.
• Antalya. This seaside resort is located on the Mediterranean coast and has an airport.
• Alanya.
• Bodrum.
• Kalkan.
• Bursa.
• Yalova.
• Trabzon.

How much is property tax in Turkey?

Residences in large cities are subject to a property tax in Turkey of 0.2\% rate per year, while those in the surrounding area are taxed at a rate of 0.1\%. Commercial properties in Turkey are taxed at 0.4\% rate, while a 0.6\% tax rate is applied to land.

Can I retire to Turkey?

Turkey doesn’t have a visa specifically for retirement, so you have to apply for a residence permit instead. A short-term residence permit is issued on a two-year basis. After you’ve lived in Turkey uninterrupted for eight years under your short-term visa, you can apply for a long-term residence permit.

How much does a Turkish residence permit cost?

135,20 TL per month after 1 month has passed. 25,90 TL per day up to 1 month [this amount shall not be less than (48,60 TL) and shall not be more than (249,30 TL) for each permit for the first month.] 165,70 TL per month after 1 month has passed….Documents for Residence Permit-Fee Amount.

Valuable Paper Fee	2019	2020
89,00 TL	110,00 TL