News and articles
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ISKAN is a habitation certificate, which proves the right to use a property or its part (for example, an apartment in the residential complex) as a residential property. ISKAN contains the information about the property: the number of storeys, the number of apartments, the area of the property and many more. There are two types of this document:...
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Yes, foreigners can surely rent out their own property in Turkey. In fact, it is a great option if you are buying a property as an overseas holiday home. On the one hand, you get a holiday home and on the other hand, you get an additional income source by renting it out when you are not using it. The high season for holiday rentals in Turkey is...
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When buying a property in Turkey, you should keep in mind that it will require running costs. They include: registering a title deed, TAPU; annual property tax; utility bills; monthly payment for property maintenance (aydat). The property tax is paid annually. The amount of tax payment is calculated based on the cadastral value. The tax...
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Having your own car is always an advantage. It gives you freedom of movement and makes everyday life more comfortable. Owners or real estate in Turkey need a car to work or travel while enjoying the beautiful views of the sea and mountains. However, buying a car is a crucial step. Therefore, we have prepared an article on how a foreigner can buy a...
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Residents of different countries are allowed to buy a property in Turkey. Buying a property gives some benefits. Obtaining a residence permit is one of the most important benefits. Foreigners who own a property in Turkey may apply for a residence permit and stay in the country for over 60 days and prolong their residence permit after that. If a...
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IKAMET is an identification document of a foreigner who is living in Turkey. In other words, it is a kind of a residence permit, which you must have if you want to stay in Turkey for more than three months. For example, when you rent a property in Turkey. To get IKAMET you don't have to learn Turkish or register in the police every month. It...
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There are two types of property insurance in Turkey: mandatory Dogal Afet Sigortalari Kurumu (DASK) and voluntary. The mandatory insurance was introduced after the law № 587 "On compulsory insurance against earthquakes" was adopted in 1999. This is valid for buildings within the territory of municipalities. To ensure the financial stability of...
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When purchasing property in Turkey, opening an account with a local bank makes your stay in the country much more comfortable. With this account, you can receive money transfers, pay utility and telephone bills online, shop online on Turkish sites, top up your travel card, and etc. Many banks offer accounts in various currencies: Turkish lira, US...
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As soon as you have found your perfect home, it is time to deal with the actual property transaction, which includes several steps. Turkey offers a simplified procedure of buying a property to foreigners. However, you may face some challenges because of the language barrier and not knowing the local legislation. That is why to avoid any possible...
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The property market in Turkey is considered one of the cheapest in Europe. Therefore, this destination is very popular among foreigners. Every year more and more people buy cheap property in Turkey. The most popular regions are Istanbul and the coastal line of Turkey, especially the Mediterranean resorts. As a rule, property here is more...
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