Frequently asked questions about buying property and living in Turkey
Is it profitable to invest in real estate in Turkey?
Turkish real estate market has experienced a lot of growth in recent years. People from different countries such as Germany, England, Russia, Canada, Ukraine, China and Iran are interested in buying property in Turkey for the purposes of investment, immigration and recreation.
The increase in foreign demand for buying property in Turkey is one of the factors that make the Turkish real estate market profitable.
In the graph below, you can see the demand for buying property in Turkey by foreigners in the last two years.
After I become a Turkish Citizen as an investor, may my spouse and children apply for Turkish citizenship?
Your spouse and children, who are under 18 years old are allowed to apply for Turkish Citizenship based on your investment at the same time with you.
Do I need to stay in Turkey for a particular amount of time to apply for Turkish Citizenship by Investment?
It is not required to live in Turkey for a certain amount of time before or after getting Turkish Citizenship by Investment.
After I acquire Turkish Citizenship on basis of investment, am I allowed to work in Turkey?
After being granted Turkish Citizenship on the basis of investment, you would have the same rights as Turkish Citizens by birth and would be able to work in Turkey without a work permit.
Does Turkish Government allow me to have double Citizenship?
Dual Citizenship is permitted in Turkey, and you do not need to renounce your current Citizenship.
Why invest in Alanya?
Affordable property prices.
Constant increase in property prices.
Freehold title deed and opportunity for Turkish citizenship.
One of the major tourism destinations.
Rich historical and cultural background.
Great place for import/export.
What are the conditions for getting Turkish citizenship in 2022?
Investment worth 500 thousand US dollars. This money is blocked by the government for 3 years.
Buying a property worth 400 thousand dollars. In this way, you will not be allowed to sell the property for 3 years.
Marriage with a Turkish citizen and receiving family citizenship after 3 years of living together.
Company registration and employment of 5 employees of Turkish descent.
Working in Turkey with a work permit for 5 consecutive years.
In all methods, you will receive Turkish citizenship along with your spouse and children under 18 years of age.
Which is the best city to buy property in Turkey?
Even though the capital of Turkey is Ankara, its main economic, financial, educational and touristic hub is Istanbul. Being the largest city in the country, it has not one but two passenger airports.
Each year, Alanya becomes a bit more modern and sophisticated. Foreign property buyers are interested first and foremost in Mahmutlar beach district.
Benefits of buying a property in Turkey
The fact that people from different countries immigrate to Turkey shows the good living conditions in this country.
Some of the advantages of living in Turkey are:
+ Moderate and Mediterranean climate.
+ Easy access to the transportation system.
+ The cost of living is much lower than in European and American countries.
+ Delicious and varied foods.
+ High profit of investment in real estate.
+ Large international airports.
+ Summer and winter recreation.
+ Turkey’s passport provides visa-free travel to 111 destinations worldwide, including major global commerce hubs such as Hong Kong, Japan, Singapore, Qatar, and many more.
House prices in Turkey
One of the frequently asked questions about buying property in Turkey is about the price of property in Turkey. The price of the property in Turkey depends on various parameters, such as: city, region, year of construction, facilities, being furnished, access to the city center, and area size.
For example, the minimum price of a newly built apartment unit in Alanya is around 40,000 euros. In Alanya, the price of duplex houses with sea view may reach 700,000 euros.