Yes, foreign nationals are permitted to purchase property in Turkey. However, there are certain restrictions to be aware of. For instance, foreign buyers cannot acquire properties located in military zones or other designated security areas. Additionally, the total area of property owned by a foreign individual cannot exceed 30 hectares, and foreign ownership in a given district is limited to 10% of the total land area.

The process of purchasing property in Turkey involves several steps. Initially, the buyer selects a suitable property and negotiates the terms of the sale. Subsequently, a sales agreement is drafted, and a deposit is paid. The buyer then obtains a tax identification number and opens a Turkish bank account. An official property appraisal is conducted, and the title deed transfer is completed at the Land Registry Office. Engaging a reputable real estate agent and legal advisor is advisable to navigate this process smoothly.

Yes, purchasing property in Turkey entails additional costs beyond the sale price. These may include a title deed transfer tax (approximately 4% of the property's value), notary and translation fees, legal fees, real estate agent commissions (typically around 3%), and property appraisal report fees. It's essential to budget for these expenses when planning your investment.

Yes, foreign investors can apply for Turkish citizenship by purchasing a property valued at at least $400,000 USD and holding it for at least three years. This program is subject to change, so verifying current requirements is essential.

Absolutely. Property owners can rent out their properties for both short-term and long-term periods. However, regulations govern rental activities, especially for short-term rentals, which may require additional permits or registrations. It's crucial to comply with local laws to avoid potential fines or legal issues.

Alrehan Real Estate specializes in various properties, including luxury apartments, villas, commercial properties, off-plan developments, and investment opportunities. Our portfolio spans multiple regions in Turkey, catering to different budgets and preferences. Whether you're seeking a residential home, a commercial space, or an investment property, we have options to suit your needs.