• Guaranteed Ownership: Tapu is the only recognized legal document that certifies ownership of property in Turkey, offering peace of mind regarding your investment.
• Investment Security: Holding a Tapu ensures the legal security of your investment, protecting against potential legal issues.
• Ease of Transfer: Ownership can be easily transferred, facilitating the sale or inheritance of the property.
• Loan Collateral: Tapu can be used as collateral for obtaining loans, providing financial flexibility.
• Residency and Citizenship Opportunities: Ownership of property through Tapu can potentially lead to residency or citizenship in Turkey, enhancing the value of your investment.

• Select a Reputable Bank: Choose a bank recognized for its reliability and services.
• Open a Bank Account: You must provide identity documents to open an account in Turkey.
• Deposit Funds: Deposit at least $500,000 or equivalent in Turkish Lira or other currencies.
• Obtain a Certificate of Compliance: This is issued by the General Directorate of Land Registry and Cadastre after verifying the deposit.
• Complete Necessary Paperwork: Identity documents, bank deposit records, and a clean criminal record certificate.
• Medical Examinations: Conduct health screenings for you and your family.
• Submit the Application: Apply at the General Directorate of Population and Citizenship Affairs.
• Review and Approval: Your application will be evaluated, and citizenship granted upon approval.

• High Quality of Life: Istanbul offers modern amenities, efficient public transport, diverse cultural attractions, and a high standard of living.
• Variety of Choices: The diversity in villa types, from luxury seafront properties to quaint homes in quiet districts, caters to a wide range of preferences and budgets.
• Affordable Prices: Compared to other European cities, Istanbul offers competitive pricing on villas, providing great value for money.
• Economic Growth: Turkey’s growing economy enhances the stability and vitality of its real estate market, promising positive future prospects.
• Citizenship Opportunity: A minimum investment of $400,000 in property can qualify you and your family for Turkish citizenship, offering full rights as Turkish nationals.

• Diverse Options: Government-guaranteed projects vary widely in type, size, location, and price, allowing buyers to choose properties that best fit their needs and preferences.
• Consultation with Experts: Altay Atasay advises consulting with real estate experts to ensure you choose a project that meets your specific requirements and benefits from government guarantees.

• Thorough Research: Understand the Turkish property market, including price trends, regional differences, and foreign ownership laws.
• Professional Consultation: Engage with experienced professionals such as lawyers, real estate advisors, and official translators to guide you through the buying process.
• Property Type and Location: Choose properties based on your investment goals, budget, and lifestyle needs. Consider location advantages like access to amenities, public transport, and tourist attractions.
• Legal Documentation Review: Ensure all property documents, such as title deeds and construction permits, are thoroughly verified.
• Secure Transactions: Use reliable services for financial transactions to ensure the safety of your investments.

Turkey boasts the eleventh largest economy in the world, characterized by its ongoing growth and stability. Recent years have seen substantial economic advancements, with projections indicating continued expansion, making it a secure environment for investment.

Individuals with higher education can serve as reserve officers, with service durations varying between 6 to 12 months depending on the needs of the military and the individual’s qualifications. Those serving more than 6 months receive salaries, insurance, and additional benefits based on the minimum wage.

Foreign residents must register their newborns within 30 days at the local civil registration office, where they must provide a birth certificate and other required documentation. If the parents are of different nationalities, additional documents such as a translated and notarized marriage certificate might be required.

Turkish mortgage markets continue to evolve with low approval rates; Turkish buyers typically finance about 80% of the property value at around 20% interest rates. Last year, only about half of the properties purchased in Turkey were financed through mortgages. Turkish lenders do not offer mortgages to foreigners, meaning that foreign investors need to make cash purchases, potentially at more attractive commission rates than those offered to Turkish buyers.

Turkey’s Citizenship by Investment (CBI) program, which allows foreign nationals to obtain Turkish citizenship by investing a minimum of $400,000 in real estate, has become particularly attractive. However, despite the availability of this option, it appears that gaining Turkish citizenship is not the primary goal for most Russian and Iranian investors. Instead, they are more focused on safeguarding their wealth by investing in Turkey’s relatively stable real estate market.