Are foreigners allowed to request and take a mortgage from a bank to buy a real estate?

Yes, they are allowed. There are some banks which give loans for mortgages for foreign people but there is a dark side to this as it takes so much time to pay the loan and it has high interest rates which reach up to 8% to 10%. Thus, most clients would prefer to make the payments in cash or just opt to our sharia compliant finance options or other option which is with the developer funding payment plans.

When selling a real estate property, what is the tax rate for such a procedure?

No need for paying taxes in case you sell the real estate five years after you have bought it. If you sold it in less than five years then you will have to pay something called a profit tax, which can be calculated according to the difference between the purchase price and the selling price. The tax is usually around 20% of the profit you made from the buying and selling process. The amount of money you pay depends mainly on the price of buying your real estate in the Title Deed.

Why is the investment in real estate in Istanbul totally worth it?

Many factors made Istanbul the best place for investment. One of which is that Turkey has a stable situation in general which presents a safe and peaceful environment to work in also the hospitable and welcoming setting in Turkey in general, it is helpful to encourage people from all over the world. Another interesting fact about Istanbul is that it is the only city which connects two continents. Istanbul is also distinguished for really reasonable prices when compared to other big cities around the world. Some call Istanbul as the hidden diamond which is in the state of discovery. Istanbul is the hub as you can reach any other country in the world either in the east or west. Last but not least, currently Istanbul is one of the fastest growing cities in the whole globe.

Read more 

Will the property in Turkey be freehold property?

Yes, all properties we sell in Turkey are freehold property.

Who sets the price of the property?

If you are purchasing a property on new development, the price will be set by the developer. Otherwise, the owners define the prices of their properties for sale.

Are non-nationals permitted to own real estate in Turkey?
Yes, non-nationals are permitted to own real estate in Turkey.

Owning real estate in Turkey, consequently giving residency to the owner?

Yes, for a minimum investment of $80,000.

In case of purchasing a house in Turkey how can someone issue the residency permit?

Immigration department is the place where such applications are handed, usually they are finished within a month. However, our solicitors are willing to help to get this process done.

Whom of the members of the family are allowed to enjoy the right of residency?

Spouses and children under the age of 18.

Are there any restrictions for foreigners when purchasing property in Turkey?

Only in rural areas and military zones. In the developments that we promote there are no restrictions imposed.

What are the different options and requirements to get Turkish citizenship?

By purchasing a minimum of $400,000 worth of housing, workplace, estate, or similar properties for a minimum of 3 years.

The easiest option is to purchase a property worth $400,000.

Read more to know about the steps to obtain turkish citizinship 

Can I buy more than one property to get the Turkish citizenship?

Yes. You can buy one or several properties for a minimum total worth of $400,000.