buyer guide - Izmir Estate

Residence Permit in Turkey, New Application Condition in 2022

For those who wish to apply for a residence permit in Turkey, a minimum value has been announced. Family residence permits and short-term permits can now be secured by the purchase of immovable property worth 75.000$. The Presidency of Migration Management of Turkey indicated that this will lay under Section B of Article 31 of […]

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Earthquake Insurance (DASK)

In order to ease the financial burden of earthquakes after the Izmit earthquake in 1999, Compulsory Earthquake Insurance (DASK) was implemented in Turkey.   What is DASK earthquake insurance? It is a type of insurance created to cover damages caused by earthquakes and protect against physical damages such as landslides, tsunamis and fires caused by […]

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Common Myths About Buying Property in Turkey

Myth 1: “Buying real estate in Turkey is a difficult process, since the legal procedures take a long time, as in many countries around the world.” Truth: The Turkish government has made the process much easier for foreign buyers in recent years. Thanks to this, buying real estate in Turkey is much easier and faster […]

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REAL ESTATE INVESTMENT A MINI-GUIDE

To be successful in real estate investment, there’s one absolute essential. You need to make informed, intelligent decisions, and not let instinct or your heart overpower your mind.   KNOWING WHAT YOU WANT Establish your budget. Whether you are buying with mortgage or cash, for living in or for renting as investment purposes, your purchase should […]

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Declaration of Value in Turkish Property Buying Process

Property sales value is the amount of money paid by the buyer in exchange for a property. There are a number of factors like area, property features, and the age of the property for determining the best value for property for sale. But, the finalizing factor for the sales price is the negotiation between the […]

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What does 2+1 mean on Turkish apartment advertisements?

When researching Turkish properties for sale or rent, you keep seeing addition sums like 1+0, 3+1, 4+2, etc. If you have ever wondered what the + means on the property advertisements in Turkey, we have the answer: In Turkey, the number of rooms is given separately. The first part of “the sum” is showing the […]

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What is Deposit Concept in Turkey? How much should Deposit Amount be?

There may be damages that may occur in the case of renting immovable properties such as residences or workplaces. The deposit is expressed as the money or valuable papers requested by the landlord from the tenant in order to secure these losses. So is the deposit refundable? In which cases does the deposit not be […]

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Three Years Holding Commitment

You have to annotate a commitment in the title deed office  that you are not going to sell the real estate(s) for three years after the real estate transfer process. Three years holding commitment may be annotated either at the same time with the title deed transfer or after the title deed transfer. If you are buying […]

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Is Living in Turkey a Good Idea? The Pros and Cons

Living in Turkey, or any other country for that matter is not for the faintest of hearts. Venturing outside of your comfort zone and becoming an expat to live abroad in some of the world’s most beautiful, unique, and exciting countries is a challenging yet greatly rewarding experience. It is a leap of faith. Living […]

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Turkish Citizenship Increased to 400,000 USD with the New Regulation

In line with the decision taken at the Presidential Cabinet meeting on April 12, 2022, the minimum real estate purchase value for Turkish citizenship applications is increased from $250,000 to $400,000. In the regulations made in 2018, the minimum real estate purchase limit had been reduced to $250,000 instead of $1.000.000 for obtaining Turkish citizenship […]

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What are the Differences of Net m2 and Gross m2? How Is Each Calculated?

Those who do house advertisement research frequently encounter the expressions “net and gross house”. We searched for answers to questions such as: What are the differences between Net m2 and gross m2 in this article? How is each calculated?  Those who want to buy a new house frequently encounter the expressions of net and gross […]

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