Turkey is one of the largest property markets for foreigners. You can buy a home outright, obtain a residence permit and even citizenship, and the choice of properties is huge: from apartments near the metro in Istanbul to beachfront residences in Alanya.
The country at a glance
| Capital | Ankara (the largest city and business centre is Istanbul) |
|---|---|
| Population | about 85 million people |
| Currency | Turkish lira (TRY); property prices are often quoted in US dollars or euros |
| Language | Turkish; English and Russian are widely spoken in Istanbul and the resorts |
| Climate | Mediterranean in the south, temperate in Istanbul |
| Flights | Istanbul is one of the world’s largest aviation hubs with direct flights to Europe, Asia and the Americas |
| Ownership | full ownership (title deed, TAPU) of apartments, houses and land |
Why people buy in Turkey
- Status: a residence permit when buying a home from $200,000 and citizenship from $400,000.
- A large new-build market with developer instalment plans.
- Istanbul — a metropolis with steady year-round rental demand.
- Mediterranean resorts with mild winters and a large Russian-speaking community.
- A deal in one day: the title deed (TAPU) is registered at the Land Registry on the day of signing.
Turkey on the map
Regions
Buying: the essentials
- You will need a tax number, a licensed valuer’s report and registration at the Land Registry.
- Registration fee — 4% of the price (by law shared between the parties).
- VAT of 1%, 10% or 20% when buying a new property from a developer; non-residents may qualify for an exemption provided they hold the property for 3 years.
- Annual property tax — 0.1–0.2% of the cadastral value.
Residence permit and citizenship
| Residence permit | from $200,000 by title deed and valuer’s report, one residential property, the district must be open to foreigners, the property may not be rented out |
|---|---|
| Citizenship | from $400,000, a 3-year ban on resale, payment through a Turkish bank, the family receives a passport together with the investor |
| Citizenship timeline | usually 6–12 months from purchase to passport |
Rentals
Long-term rentals are unrestricted. Short-term lettings of up to 100 days require permission from the Ministry of Culture and Tourism and the consent of all owners in the block, except for residences with hotel service. Realistic net yield of quality properties in US dollars is about 4–6% in Istanbul; at the resorts it is usually lower because of seasonality.
The market in figures
- Foreigners bought 21,534 homes in 2025 (35,005 in 2023): the market has cooled and become a buyer’s market.
- Leaders by transactions with foreigners: Istanbul, Antalya (including Alanya), Mersin.
Read also
- Buying property in Turkey: the purchase process and all costs
- Residence permit and citizenship of Turkey through real estate
- Foreign real estate trends 2026
- Risks of buying abroad: 9 mistakes
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We will find a property for you in Turkey
We will select properties for your goal — income, residence permit, life by the sea or capital preservation — check the documents and support the transaction. All consultations are free.
Information is current as of October 2026 and is for reference only. It is not legal or tax advice.
