FAQ

Frequently asked Questions

What documents do you need to have with you to buy real estate in Turkey?

You must have a foreign passport with you that is valid for at least six months from the date of entry into Turkey. All other documents are processed directly in Turkey.

Can I register ownership for myself and my relatives?

At the moment, a TAPU can accommodate up to 10 people. Ownership rights can be registered either in the name of a relative or in the name of any other person. Ownership shares are also registered.

What tax do you need to pay to purchase real estate in Turkey?

The cost of registration of TAPU depends directly on the cadastral value of the property. The one-time property tax in Turkey is 4%. The annual tax is 0.2% of the cadastral value of the property.

Can I buy an apartment in Turkey in interest-free installments?

In a house under construction, you have every right to buy an apartment in interest-free installments. As a rule, the down payment is 30-40%. The remaining amount is paid according to the established payment schedule, which is specified in the contract. Some developers can provide installment plans for finished housing, but then the down payment will be at least 50%, and the installment plan will be about 6 months.

Can I buy an apartment in Turkey without coming?

Buying property in Turkey online is very easy! Just a few simple steps and you are the owner of an apartment on the Mediterranean coast. Our managers contact you online and make a detailed presentation of the property you like. You are in complete control of the process, and we answer all your questions. If you like the apartment, we will conclude a purchase and sale transaction. A tripartite agreement is drawn up in two languages. In order for the buyer to be able to obtain a TAPU - the main document confirming ownership, it is necessary to issue a power of attorney for the seller at the Turkish consulate of his country. There is no risk. The power of attorney specifies all the data of the selected object and who is issuing this power of attorney to whom. Next, our company carries out the entire transaction and receives a TAPU in your name.

Having real estate in Turkey, can I get a residence permit? What documents must be submitted to the migration service?

If you own real estate, you have every right to obtain a residence permit. To do this, you will need the following documents: - Tax number obtained in Turkey - TAPU - certificate of ownership - Medical insurance - Payment of state duty

Can I work in Turkey if I have a residence permit?

No. A residence permit does not give you the right to work in Turkey. However, on its basis, the employer can issue you a work visa and then you will be able to work.

What is the average monthly maintenance fee for a residential complex in Turkey?

Utility payments include aidat - a mandatory fee for servicing the complex and its territory. On average, the cost of an aidat is 30-60 Euros, depending on the infrastructure of the complex.

What expenses are expected besides the cost of the property itself?

When registering ownership of an apartment, the buyer must pay the following mandatory taxes and fees: In the cadastral department Tapu Sicil Müdürlüğü: Mandatory cadastral examination - 6000 liras Cadastral fee - 3600 liras Real estate acquisition tax TAPU VERGİSİ - 4% of the total value of the property indicated in TAPU Jury services translator (Required for foreign citizens) - 100 euros To the local municipality BELEDİYE: Registration of a technical passport for an apartment/villa ISKAN 3000-10000 liras At the ASAT Water Utility Department Connection of water supply meters SU ABONE 3740 liras To the Electricity Department SK AKDENIZ: Registration of an electricity meter ELEKRTİC ABONE -670 liras Mandatory real estate insurance against earthquakes DASK - 150-500 liras ATTENTION: services for the selection, display and execution of a transaction for the purchase and sale of a property from the portfolio and the Maxhome Invest database are absolutely free for the buyer, the commission is paid by the seller! !!

If I want to sell my property in Turkey, do I have to pay any taxes?

Yes, if less than 5 years have passed since the date of your purchase, then you will pay income tax in the amount of 18% on the difference between the purchase price and the sale price at the cadastral value. After 5 years of owning your property, you can sell it at any price without paying taxes

Is it possible to include relatives in Tapu without their presence?

Yes, relatives can be entered using a power of attorney issued in Turkey, or at the Turkish embassy. Or by power of attorney in your country from a notary, but always with an apostille, and it must comply with the requirements of Turkish legislation

Is deed of gift for real estate practiced in Turkey?

No, as a rule, deed of gift is not practiced; it turns out to be very expensive. Therefore, it is faster and cheaper to re-register through a conditional purchase and sale of either all real estate or a share

Is it possible to inherit your property in the Republic of Turkey?

Yes, of course, according to the country’s legislation, foreign citizens have similar rights as Turks to inherit real estate. The entire procedure must fully comply with the established legislation in the state. Your property will be transferred by right to your first-degree relatives: spouses and children. Or you can leave a will.

Why is it profitable to invest in projects under construction at the foundation pit stage?

Because, as a rule, the price at the excavation stage from large reliable developers is 30-35% lower than after the object has already been built and commissioned. You can pay in stages in interest-free installments

How much do your services cost?

We do not charge buyers for our services in the selection of objects and registration of real estate in the property. We are paid a commission after a specific transaction, the seller or developer of your chosen object!

Who will get my property if the owner dies?

The property will be divided among relatives in the proportion of 25% to legal spouses and 75% to children of the deceased owner

Is it true that it is now impossible to obtain a residence permit in Turkey?

No it is not true! In Turkey, it is still possible to obtain a residence permit based on the purchase of real estate in areas open to residence permits, at a cost of at least $75,000 according to the cadastre

I have property in Turkey, do I want to rent it out? Are you doing this?

Yes, we rent real estate in Turkey, but we take on real estate management only from clients who bought their properties in our agency

How can I obtain Turkish citizenship?

When purchasing real estate with a cadastral value of $400,000 or more, foreigners can become Turkish citizens within a year from the date of purchase of such real estate

I have an apartment in Turkey, can I get a residence permit for my child?

Yes you can, but only if your property is located in an open area for residence permits and your child is not older than 18 years old, and also in a closed area if you purchased the property before July 1, 2022

Why have property prices in Turkey increased so much?

Because over the last year 2022-2023 in Turkey there has been a very strong jump in inflation for all types of goods or services, which reaches up to 200% for some items, and despite the fact that over the year the euro-dollar has grown by 30% compared to the lira, hence increase in real estate prices both in lira and euro

If I buy a property for rent, what profit can I expect?

On average, in a good season, owners can receive 6-8% per annum in euros from the cost of their apartment