Buying Property in Istanbul: A Step-by-Step Guide for Foreigners
Dreaming of owning a home in one of the world’s most captivating cities? Istanbul is more than just a cultural and historical gem—it’s also a smart choice for international property investors and expats looking for lifestyle, value, and long-term opportunity.
If you’re a foreigner interested in buying property in Istanbul, here’s a step-by-step guide to help you navigate the process with confidence.
Step 1: Understand the Legal Framework
Turkey welcomes foreign buyers, but there are some important rules to note:
Most nationalities can buy property in Turkey, with only a few exceptions.
Properties must not be located in military zones or restricted areas.
Foreigners can purchase up to 30 hectares of land in Turkey (combined across properties).
To avoid complications, working with a qualified real estate agent familiar with Istanbul’s market and legal requirements is highly recommended.
Step 2: Define Your Budget and Goals
Before diving into listings, think about:
Your investment goals: Are you buying for lifestyle, rental income, retirement, or long-term growth?
Your budget: Include the purchase price, taxes, legal fees, and other expenses (expect 6–8% in additional costs).
Preferred locations: Do you want a city-center apartment, a seaside villa, or a high-rise condo with Bosphorus views?
Popular districts for foreign buyers include Beşiktaş, Şişli, Kadıköy, Beyoğlu, Üsküdar, and Ataşehir.
Step 3: Work with a Trusted Real Estate Agent
An experienced agent can:
Help you find properties that meet your goals and budget
Guide you through the legal and financial process
Negotiate on your behalf
Connect you with notaries, lawyers, and translators
Choose a licensed agent who understands the needs of international buyers and is fluent in your language.
Step 4: View Properties (In-Person or Virtually)
Once you narrow your options, arrange viewings. Many agents now offer virtual tours and live video calls for overseas clients.
Pro tip: Ask for neighborhood insights, resale values, and potential rental income—especially if you're buying for investment.
Step 5: Get a Tax Number and Open a Turkish Bank Account
To buy property, you'll need a Turkish tax number, which is easy to obtain at a local tax office or online with a passport.
You'll also need to open a Turkish bank account to transfer funds and make payments during the transaction.
Step 6: Sign the Sales Agreement
Once you’ve chosen a property and agreed on the price:
Sign a preliminary Sales Agreement
Pay a deposit (typically 10%)
The contract should be bilingual (Turkish + your language) and notarized
Hire a local lawyer (optional but highly recommended) to review everything
Step 7: Title Deed Transfer (TAPU)
The final step is the transfer of the TAPU (official title deed) into your name. This takes place at the Land Registry Office.
Once completed, you’re the official owner. Congratulations!
Additional Notes:
Residency & Citizenship: If you invest $400,000 or more in real estate, you may qualify for Turkish citizenship by investment.
Property Management: Many agents offer after-sale services like property management, rental support, and interior design.
Financing: Foreigners can access mortgages through select Turkish banks, though most transactions are cash purchases.
Ready to Buy in Istanbul?
Owning a home in Istanbul means becoming part of a vibrant, global city filled with history, opportunity, and lifestyle appeal.
Contact us today to start your property search and let our experienced team guide you every step of the way.
