العربية
Foreigners are allowed to purchase real estate in more than one Turkish city.
Turkish law permits property ownership by citizens of 183 countries in various regions and cities across all 81 provinces of Turkey.
The law, however, excludes properties near security and military zones within 400 square meters.
and limits a foreigner’s total property ownership to 30 hectares and 10% of a municipality’s area within a single zone.
Ownership of multiple properties in different Turkish cities:
There is no restriction on foreigners owning Turkish real estate in multiple Turkish cities.
Turkish property ownership laws allow the purchase of various types of real estate (apartments, villas, palaces, chalets, commercial properties, hotels, restaurants, land for agriculture or development).
and there’s no limitation on the number of properties or the cities in which they are located.
Ownership of multiple properties within one city:
Foreign investors often purchase multiple properties in a single city but in different areas.
For example, a foreign investor might buy properties in Istanbul within various districts and property types:
- An apartment in the Kagithane district on the European side of Istanbul.
- A villa in the Beykoz district on the Asian side of Istanbul.
- A commercial office in the Maslak district on the European side of Istanbul.
- A commercial shop in the Besiktas district on the European side of Istanbul.
These properties may serve various purposes, including personal residence, business investment, resale, or renting.
Advantages of owning property in multiple cities and areas in Turkey:
Deciding to own property in multiple Turkish cities and regions offers several advantages:
- Diversifying your investment portfolio in Turkey.
- Mitigating inflation, financial crises, and exchange rate fluctuations by spreading investments across different types and areas of real estate.
- Targeting Turkish provinces with unique geographical features, good services, and diverse investment options, both within interior cities and cities with sea views.
- Taking advantage of lower property prices in smaller or less-developed provinces compared to Istanbul, where real estate prices are the highest.
- Earning diverse and varied investment returns from different Turkish cities, regions, and property types.
- Avoiding dependency on a single property or city for investment returns.
- Reducing waiting times to access profitable returns due to various real estate investment methods.
- Benefiting from the advantages of each city individually, such as property availability, property price diversity, and rental rates.
Tips for owning property in multiple Turkish cities:
If you’re considering owning property in various Turkish cities and regions, here are some important tips:
- Contact the customer service department in Turkey to inquire about general real estate investment advantages and the specific benefits of each Turkish city.
- Obtain information about the best cities for real estate investment in Turkey.
- Familiarize yourself with the laws governing foreign property ownership in Turkey and the conditions and requirements for real estate investment.
- Receive the best offers and deals in different Turkish regions and cities.
- Diversify your investment portfolio among residential, commercial, and hotel properties.
- Diversify investment methods between resale and rental.
- Diversify property types between under-construction and ready properties.
- Request a property valuation report to understand the property’s value before making the purchase.
- Visit the local Land Registry Directorate and city municipalities in each city to ensure the property’s legality.
- Prefer modern real estate complexes over standalone buildings due to their consistently high investment values.
