How to Buy An Apartment in Istanbul?

how to buy an apartment in istanbul

Buying property in Istanbul can be a smart move if you’re looking for a bustling city with rich history and promising investment potential. However, navigating the real estate market in Istanbul requires careful planning and consideration.

How to Buy An Apartment in Istanbul

1. Research the Market:

Begin by researching the Turkish property market to understand the current trends, pricing, and popular locations. Consider your preferences, budget, and investment goals.

2. Find a Local Estate Agent:

Engage with a reputable local estate agent who can assist you throughout the buying process. Look for agents with experience in handling transactions for foreign buyers and ensure they are licensed and accredited.

3. View Properties:

Visit the properties shortlisted with your agent to assess their suitability. Consider factors such as location, amenities, condition, and potential for appreciation.

4. Negotiate the Terms:

Once you’ve identified a property of interest, negotiate the price and terms of purchase with the seller or their representative. Your agent can help facilitate the negotiation process to ensure a fair deal.

5. Sign a Sales Contract:

Upon reaching an agreement, sign a sales contract with the seller and pay a small reservation deposit to secure the property. The contract outlines the terms and conditions of the sale and makes the transaction legally binding.

6. Hire a Solicitor:

Appoint an independent and qualified solicitor to handle the legal aspects of the transaction. Your solicitor will conduct due diligence, review contracts, and ensure compliance with Turkish real estate laws.

7. Conduct Property Valuation:

Arrange for an independent appraiser to conduct a valuation of the property to determine its market value. This step is essential for mortgage applications and ensuring you’re paying a fair price.

8. Obtain Necessary Documents:

Work with your solicitor to gather all necessary documents, including your identification, residence permit (if applicable), and tax numbers. Ensure compliance with legal requirements to proceed with the purchase.

9. Verify Property Ownership:

Your solicitor will verify the property’s ownership status and review the Tapu (property ownership document) to ensure there are no encumbrances or disputes.

10. Complete the Transaction:

Once all legal checks are completed satisfactorily, finalize the transaction by transferring the purchase amount to the seller. The Tapu will be updated to reflect the change in ownership, and you’ll receive the keys to your new property.

11. Fulfill Legal Obligations:

After acquiring the property, fulfill any remaining legal obligations, such as obtaining earthquake insurance (DASK) and registering for a Foreigner Identity Number if you don’t have a residence permit.

12. Pay Taxes and Fees:

Settle any applicable taxes and fees associated with the property purchase, including property purchase tax, notary fees, land registry fees, and estate agent commissions.

13. Consider Mortgage Options (If Needed):

If you’re financing the purchase with a mortgage, explore mortgage options available from Turkish banks. Work with a mortgage broker to secure a suitable loan with favorable terms.

What to Know Before Buying Property in Istanbul or Turkey

Understanding the Turkish Property Market:

Turkey is experiencing a surge in property prices, making it a seller’s market. However, recent housing development projects might bring more options for buyers. Foreign demand for Turkish properties has dipped due to the pandemic but is sustained by local interest and lower interest rates.

Buying Property as a Foreigner:

Foreigners can buy property in Turkey without citizenship, but there are restrictions, like limits on land size and certain restricted zones. It’s essential to understand visa requirements and residency permits before purchasing.

Safety Measures:

Turkey’s property market has had a mixed reputation, recent government regulations aim to protect buyers from fraud. So, It’s still crucial to research solicitors and agents thoroughly and work with English-speaking professionals to ensure clear communication.

Citizenship by Investment:

Turkey offers a ‘Golden Visa’ scheme for investors, including property buyers. By investing a minimum amount, you can obtain Turkish citizenship. Buying a property worth at least $400,000 qualifies you for permanent residence and expedited citizenship processing.

Cost of Property:

Property prices in Turkey vary by location, but they’re generally more affordable compared to other countries. Istanbul, although vibrant, tends to have higher prices, while cities like Ankara offer more budget-friendly options.

Popular Locations:

Coastal resorts like Antalya and Fethiye attract foreign buyers with affordable properties and scenic landscapes. Istanbul remains a top choice despite higher prices, offering rich culture and connectivity.

Finding a Property:

Using reputable estate agents or browsing trusted property websites can help in the search process. Ensure agents are certified, and websites provide English translations for ease of understanding.

Pitfalls to Avoid:

Be cautious of buying off-plan properties without thorough research, investing in areas with low rental yields, or neglecting property inspections. Working with trusted professionals is key to a smooth transaction.

Choosing the Right Property:

Consider property types and conditions, as well as legal requirements like expert survey reports, earthquake insurance, and tax obligations.

Buying Process Overview:

From research to completing the transaction, buying property in Turkey involves several steps, including negotiation, legal checks, and registration with the Tapu office.

Legal Requirements and Fees:

Understanding tax obligations, notary fees, property purchase tax, and other legalities is crucial. Consulting with a qualified solicitor can ensure compliance with Turkish regulations.


I hope this guide helps you with your property-buying endeavors in Turkey! Make sure to visit Turkoiz Property if you are considering buying an apartment or a villa in the luxurious districts of Istanbul!


Can foreigners buy property in Turkey?

Yes, foreigners can buy property in Turkey. There are some restrictions, such as limits on land size and certain restricted zones, but overall, foreign buyers are welcome in the Turkish real estate market.

Do I need to be a Turkish citizen to buy property in Turkey?

No, you do not need to be a Turkish citizen to buy property in Turkey. Foreign nationals are allowed to purchase property, although they may need to apply for a visa or residency permit depending on their circumstances.

What are the legal requirements for buying property in Turkey?

The legal requirements for buying property in Turkey include obtaining a Foreigner Identity Number, ensuring compliance with tax obligations, obtaining earthquake insurance (DASK), and registering for a residence permit if applicable. It’s essential to work with a qualified solicitor to navigate these legalities.

How do I find a reputable estate agent in Turkey?

To find a reputable estate agent in Turkey, conduct thorough research, and look for agents with a good reputation and experience in dealing with foreign buyers. Ensure they are licensed and accredited by relevant authorities.

What are the costs involved in buying property in Turkey?

The costs involved in buying property in Turkey include property purchase tax, notary fees, land registry fees, estate agent commissions, legal fees, and potentially mortgage-related expenses. It’s essential to budget for these costs to avoid any financial surprises during the transaction.

Can I get a mortgage as a foreigner buying property in Turkey?

Yes, some Turkish banks offer mortgages to foreign buyers, although the terms and conditions may vary. Foreign buyers typically need to provide a down payment and meet certain eligibility criteria to qualify for a mortgage.

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