By purchasing property in Turkey, you can experience life in a country with a rich culture and history, relatively stable economic conditions, and growing urban development.
Additionally, since Turkey is one of the most populous countries in its region, buying property here opens up many job and business opportunities, and you’ll be able to easily connect with local people.
Istanbul is approximately seven times larger than Tehran and, due to its tourism industry, has a very strong economy. You can easily find a good job close to where you live.
Interestingly, Istanbul is a 24-hour city, meaning life continues just as vibrantly at night as it does during the day.
While property prices in Istanbul are higher compared to other cities in Turkey, the Turkish government offers special facilities and incentives for foreign nationals purchasing property and investing in the country.
As a result, a high number of property purchases in Turkey in recent years have been made by Iranians.
Reasons for Buying Property in Turkey
People are motivated by various reasons when buying property in Turkey.
Some are looking to invest in the Turkish real estate market or purchase properties that are likely to increase in value in the future.
Others are seeking a place to live, vacation, or improve their quality of life. Therefore, you should first clarify your goals for buying property in Turkey, as there are different practical and effective recommendations depending on your objective.
If you’re buying for investment purposes, Istanbul and Ankara are the best and most profitable cities for investment.
However, if your goal is to obtain residency and a Turkish passport, you’ll need to spend at least $400,000 to purchase property from a seller.
In the following, we will discuss all important points when buying property in Turkey and the advantages of purchasing property there.
Advantages of Buying Property in Turkey
As mentioned, the number of Iranians buying property in Turkey has increased in recent years.
One reason for this interest is the proximity between Iran and Turkey, with a 3-hour flight distance.
Additionally, by purchasing property in Turkey, you can obtain residency for yourself and your family, and under certain conditions, you may also acquire Turkish citizenship and a passport.
With a Turkish passport, you can travel to 71 countries without a visa.
Some of the main advantages of buying property in Turkey include:
- Opportunity to Buy Valuable and Affordable Properties:
Turkey has a large and diverse real estate market, offering opportunities to purchase both affordable and valuable properties.
Areas like Istanbul, Antalya, Bodrum, and Alanya are known for having a favorable and valuable real estate market. You can easily find high-value properties at relatively reasonable prices in these areas.
In fact, with the amount you would typically pay for a rental deposit in Tehran, you can buy a stylish property in Turkey. The real estate market in Turkey is more favorable than in Iran. - Investment in Property:
Another benefit of buying property in Turkey is the potential for investment and capital appreciation.
Given the significant growth in Turkey’s real estate market in recent years, investing in property here can yield high returns.
However, make sure to seek proper advice on the right city and neighborhood to invest in, as doing so in a well-chosen location can significantly increase the value of your investment. - Obtaining Turkish Residency:
One of the main benefits of buying property in Turkey is obtaining residency. By purchasing property, you can obtain temporary residency, regardless of the amount you spend.
This is commonly referred to as “Tashinama Residency.” To gain citizenship and a passport, the conditions and requirements are stricter but still achievable.
You must buy property worth at least $400,000.
If the property has not been bought or sold by foreigners in the last three transactions, you can receive citizenship and a passport within 3 months. - Living and Working Conditions in Turkey:
The cultural and civilizational similarities between Iran and Turkey have made Turkey an attractive destination for Iranian migrants.
Additionally, the cost of living in Turkey is quite reasonable. If you obtain the right to work in Turkey and can earn an income, you will likely experience a high quality of life in this neighboring country. - Extensive Amenities in Turkey:
Turkey boasts a wide range of facilities and tourist attractions.
You can easily enjoy these amenities and recreational centers, especially in cities like Istanbul, and enjoy happy moments with your family.
Frequently Asked Questions About Buying Property in Turkey
- What is the minimum investment required for obtaining Turkish citizenship in 2024?
The cost of a home in Turkey depends on factors such as size, location, and the age of the property.
The minimum investment required for Turkish citizenship is $400,000, excluding additional costs mentioned earlier. Furthermore, the regulations for foreigners are constantly changing. - Is buying property in Turkey a good investment?
One of the benefits of buying property in Turkey is its investment potential. According to official UNA data, Turkey is the second-highest recipient of foreign investment in Asia.
So, in addition to the benefits like residency and citizenship, investing in property can be highly profitable, provided you choose the right region and make an informed decision. - How does one obtain Turkish citizenship through property purchase?
As mentioned, buying property in Turkey can lead to Turkish citizenship, but the property must be valued at least $400,000. - Do I need a lawyer or representative to buy property in Turkey?
As a foreigner, you may not be fully familiar with the legal terms, conditions, and processes of purchasing property in Turkey.
These regulations are constantly evolving, so it’s recommended to consult an experienced lawyer or trusted experts from Hafez Taplux Group to safeguard your investment and ensure a secure transaction.
Hafez Taplux Group
