Villas in Turkey with residence permit
Buying villas in Turkey for investment and living allows you to enjoy comfort and luxury in one of the most beautiful corners of the world. A variety of houses with different layouts are available for sale. Single-storey properties typically range from 100 to 200 square metres and feature 23 bedrooms, spacious living rooms, a kitchen, a terrace and a garden. Two-storey houses for sale in Turkey range from 200 to 400 square metres and include 35 bedrooms, balconies, several bathrooms, as well as a swimming pool, garden and garage or parking space. Three-storey mansions, ranging from 300 to 600 square metres often offer 4 to 7 bedrooms, a sauna, a gym, a guest room, a library and other exclusive facilities.
Villas and houses in Turkey are available in various architectural styles:
- Mediterranean style is commonly found in southern regions such as Antalya, Bodrum and Fethiye. This style is characterised by red-tiled roofs, white walls, arched windows and doors, as well as the use of natural stone, wood and ceramics;
- Modern villas for sale in Turkey feature a minimalist design with large panoramic windows and clean lines. They are predominantly located in prestigious neighbourhoods of Istanbul, Izmir and along the Aegean coast, targeting the elite segment of the market;
- Traditional Turkish style is distinguished by carved wooden elements, brightly coloured mosaics and patios. This style is typical of historical districts such as Sultanahmet and Beyoglu in Istanbul, the older neighbourhoods of Ankara and Izmir, as well as restored houses and villas across central regions of the country.
To buy a villa in Turkey, foreigners can consider the Aegean or Mediterranean coasts, the picturesque areas of Antalya and Bodrum or the dynamic neighbourhoods of major metropolitan areas such as Ankara and Istanbul.
Villa prices in Turkey start from USD 110,000 in remote areas and vary depending on location, amenities, size and other important features. In cities like Istanbul, the cost of land is considerably higher, resulting in smaller property sizes. Those looking to purchase a larger property may find more options in Antalya, Bodrum and Fethiye.
Residence permit in Turkey by buying a house
Those, who plan to buy a house in Turkey and get a residence permit, need to invest a minimum of USD 200,000 in one or more properties. The processing procedure may take between one to three months. The spouse and minor children can be included in the application. Acquiring an investment villa in Turkey offers several advantages, including access to banking services and the country’s educational and healthcare services. Additionally, after five years of residency, individuals can apply for citizenship while retaining their current nationality. To obtain citizenship through investment, purchasing a flat or house worth USD 400,000 or more is required.
Investing house in Turkey
The high demand for houses and apartments in Turkey from foreign investors is driven by several key factors:
- The country's economy is actively developing, making it an attractive investment destination. Membership in the G20 and NATO, along with a stable political environment, ensures investment security;
- The local government offers various incentives to foreign buyers, such as tax benefits, the possibility to obtain a land plot under certain conditions and the opportunity to apply for a residence permit or Turkey citizenship by investment;
- Financing for major infrastructure projects has improved the transport system and led to the construction of new facilities, including hospitals, schools and shopping centres;
- More than 56 million tourists visited the country in 2023, creating a high demand for property in Turkey, particularly near beaches and cultural attractions.
Purchasing a villa in Turkey is a straightforward process for foreigners, as the procedure is transparent and well-established. Properties, especially those located in areas attractive to tourists, can provide a stable source of passive income. The profitability of real estate can range from 8% to 12% for short-term rentals and about 6% to 7% for long-term rentals.
The cost of villas in Turkey continues to grow steadily. In August 2024, prices increased by 35.92% year-on-year. Investing in properties under construction offers the potential for high returns. Typically, house prices in Turkey are lower during the construction phase and when reselling after completion, the capital gain is usually around 30%.