Economic Growth: Istanbul’s real estate market continues to grow, providing high potential for long-term returns.

Tourism and Rental Opportunities: With millions of tourists every year, rental demand is strong, especially in central and coastal neighborhoods.

Strategic Location: Istanbul bridges Europe and Asia, making it a unique cultural and economic hub.

Citizenship Opportunities: Certain property purchases can make foreign buyers eligible for Turkish citizenship.

Step 1: Choose a Reliable Real Estate Consultant

Foreign buyers should work with an experienced real estate consultancy. A local agent can guide you through property selection, legal procedures, and negotiations. Eleven Estate offers personalized support for international clients.

Step 2: Select the Right Property and Location

Decide on your purpose: investment, residency, or vacation.

• Investment properties: European side districts like Şişli, Küçükçekmece or Sarıyer.
• Vacation homes: Coastal areas such as Kadıköy or Beylikdüzü.

Step 3: Legal Requirements and Property Registration

Obtain a Turkish tax number,

Open a Turkish bank account,

Verify property documents with a certified lawyer,

Check title deed (Tapu) for ownership and encumbrances.

Step 4: Payment and Tax Considerations

Foreign buyers can pay in Turkish Lira or foreign currency.

• Property tax: Annual tax ~0.1–0.6% of the property value,
• Title deed fees: Approximately 4% of the property price where half is paid by the seller and half by the buyer,
• Payment must be transparent and documented via bank transfer only for legal security.

Step 5: Ownership Transfer and Final Steps

• Sign the sales contract in the presence of a lawyer or notary,
• Complete the Tapu transfer at the Land Registry Office,
• Optional: Hire a property management company if the property will be rented.

European Side: Şişli, Küçükçekmece, Sarıyer.

Asian Side: Kadıköy, Üsküdar.