Sophisticated Apartment in the Heart of Istanbul’s Vadistanbul District
$860,000
- Istanbul, Turkey
- Apartment, 149 m² (1603 ft²)
- 2
Citizenship eligible
8-12 months
All cities
$155,000 - $1,495,000
All types
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Hi, I’m Hannah. Our team and I will happy to help you!
Get expert advice on finding the best options for quality, location, and investment potential.
Get in touchTurkey’s real estate market is open to most foreign investors, allowing the purchase of residential and commercial properties, off-plan developments, secondary market units, and land plots. However, there are specific restrictions:
Citizens from Syria, Armenia, Cyprus, Cuba, Taiwan, North Korea, and Eritrea are not eligible to buy property.
Foreign investors cannot acquire land exceeding 30 hectares (300,000 m²) and are restricted from purchasing near military zones.
Russian nationals face an additional limitation, as they are not permitted to buy property along Turkey’s Black Sea coast.
The Turkish real estate market has experienced robust growth, with property values increasing 41.1% as of May 2022. Since 2010, prices have surged 641%, making Turkey one of the fastest-growing markets in the European region.
Property prices typically range between $300 and $2,500 per square meter, depending on the location and property type. The most expensive cities per square meter include:
Istanbul – $1,800
Bodrum – $1,750
Alanya – $900
Izmir – $800
Antalya – $800
Bursa – $700
Buying property in Turkey is a straightforward process that can typically be completed within two weeks. The steps include:
1. Selection: Choose a property, ensuring it has not been previously used for Turkey’s citizenship-by-investment program, if applicable.
2. Preliminary Agreement: Make an initial deposit, usually between $1,000 and $5,000.
3. Tax Number: Obtain a tax number, required for property registration.
4. Main Agreement: Sign the official purchase agreement and pay the remaining property value.
5. Registration: Finalize ownership by registering the property at the local land registry and cadastre office, where you will receive the TAPU (certificate of ownership).
Foreign buyers should be aware of the following taxes and fees associated with property purchases in Turkey:
Transfer Tax: 4% of the transaction value.
VAT: Ranges from 1% to 18%, usually included in the property price.
Stamp Duty: Between 0.1% and 0.6%.
TAPU Fee: $45 for residents, $130 for non-residents.
Contract Notarization: 1% for off-plan properties.
Realtor’s Commission: Typically 3% of the property price if a real estate agent is involved.
For those interested in securing a foothold in Turkey’s dynamic real estate market, Vancis Capital provides expert guidance on property selection, legal procedures, and investment structuring. Contact us to explore your opportunities in Turkey.
Turkey presents an enticing opportunity for high-net-worth individuals seeking both prime real estate and a pathway to citizenship. Through the country’s Citizenship by Investment program, investors who acquire property valued at a minimum of $400,000 can become eligible for Turkish citizenship, provided they retain ownership for at least three years.
The Turkish real estate market offers a diverse selection of properties, catering to various investor preferences. Options range from luxury villas, modern apartments, and townhouses to commercial properties, hotels, and even land parcels suitable for future development. Whether securing a residence in vibrant Istanbul, a coastal retreat along the Mediterranean, or a strategic commercial asset, investors benefit from a dynamic and appreciating market.
Notably, properties previously used in a citizenship application are not eligible for new investors under the program. Buyers can choose from both primary and secondary markets, though transaction fees vary:
Beyond the initial investment, property ownership in Turkey incurs additional costs:
Real estate in Turkey has demonstrated strong capital appreciation, with annual price growth between 15% and 25% in recent years. Rental yields vary depending on location and property type, generally ranging from 2% to 8%. These factors, coupled with a three-year holding period before resale eligibility, make the Turkish Citizenship by Investment program particularly appealing for investors seeking both financial returns and a second passport.
Foreign investors can complete property purchases remotely, ensuring a seamless acquisition process. At Vancis Capital, we assist clients in identifying prime, investment-eligible properties and navigating the entire application process—from selection and purchase to citizenship approval.
For expert guidance on securing Turkish citizenship through real estate investment, contact our team at Vancis Capital today.
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