Select one of the frequently asked questions below to learn more about buying, selling, and citizenship in Turkey. Also, begin to think about important things to consider when diving into your real estate search.
Questions about Real estate
WHO CAN BUY IN TURKEY?
In recent years, the Turkish government has opened up the possibility to of buying property in Turkey to a host of new nationalities with the extension of reciprocity laws. Nationals from GCC and other countries such as Azerbaijan, Iraq, Iran and Iran, can now purchase a property. Please talk to us about the specifics of this law and about where you can buy and what quantity. Of course, EU national were already able to buy property in Turkey, with the market being especially popular with Brits, Germans, Scandinavians and Belgians.
HOW CAN I FINANCE MY PROPERTY?
The simplest way if you need a mortgage to buy your Turkish property is to raise the money against your own home. Mortgages in Turkey are now available to all EU residents but are still at an early stage of development. We can offer you financial assistance, but it is important to remember that you need your finances in place before you make an offer on a Turkish property.
SHOULD I MAKE A WILL IN TURKEY?
Your UK will is legal in Turkey so once you have completed on your Turkish property, you should update your own will if you are a UK national. However, some people also decide to make a will in Turkey for added peace of mind, which your lawyer can help you with.
Questions about Citizenship
How does Turkish citizenship acquisition work?
When you buy properties valued above 250.000 USD, you apply to (Tapu Office) General Directorate of Land Registry and Cadastre, you demand to obtain Turkish Citizenship. After the application, they check the appraisal report and bank transfer documents. Tapu Office gives approval for citizenship in between 3 and 7 days time. With this citizenship approval, we apply to the Immigration Office desk on the same day without waiting for an appointment for a contemporary residence permit. With the approval and residence permit, we apply finally to General Directorate of Population and Citizenship on the same day. After tapu application, all process is followed in a special Citizenship Information Office in Istanbul and Ankara. They finalize citizenship acquisition within 30 days.
Is there any critical point that I should know?
Ministry wants to be sure that the value is minimum 250.000 USD. Sworn property valuation companies verify that the price is correct in order to prevent from price fraud. Appraisers might have up to %20 deviation (difference) than its sales price.