Turkey offers a relatively open market for foreign property buyers, but there are certain regulations and restrictions that potential buyers should be aware of before making a purchase. One important requirement is obtaining a “Döviz Alım Belgesi,” or Foreign Exchange Purchase Certificate, from the Central Bank of Turkey to verify that the funds used for the purchase have been legally obtained and exchanged into Turkish lira.
Additionally, foreign buyers must have a Tax Number, issued by the Turkish Revenue Administration, in order to register the property in their name and pay any taxes or fees associated with the purchase. Foreign buyers are also subject to the same taxes and fees as Turkish citizens, and there may be restrictions on where foreigners can purchase property, such as within military zones or designated national parks and nature reserves. To ease the process of buying property in Turkey, it is highly recommended to seek the help of an experienced real estate agent or lawyer who can guide you through the process and navigate any language or cultural barriers.
In terms of the property market in Turkey, there are a variety of options available to foreign buyers. From apartments and villas in bustling cities like Istanbul, to traditional stone houses in charming villages or seaside resorts, there is something to suit every taste and budget. One popular option for foreign buyers is to purchase a property in one of Turkey’s many holiday resorts. These resorts, often located on the coast or near popular tourist destinations, offer a range of properties, from apartments to villas, and often come with access to amenities such as swimming pools, gyms, and on-site restaurants.
