#Istanbul. Sale of residential real estate in Turkey. Is it possible for foreign citizens to purchase residential real estate in Turkey?
Due to its good geographical location and warm Mediterranean climate residential real estate in Turkey is very popular with buyers from Europe, Russia and the Middle East.
On average in six months, construction companies sell more than 40,000 apartments to foreign citizens. Most often foreigners buy apartments and houses in Istanbul. The main buyers of residential real estate in Turkey are citizens of Iraq, Iran, Saudi Arabia and Kuwait.
The Turkish law promotes a large increase in residential real estate sales, according to which any foreign citizen who has bought an apartment or a house worth more than $ 250,000 can become a Turkish citizen. Therefore, as you can see, dear readers of Chameleon Real Estate Journal, foreign citizens can buy residential real estate in Turkey without any problems.
In Turkey, there are several channels for the residential real estate sale, for example, someone sells apartments and houses through agencies and someone directly from the developer.
If you are interested in buying a residential property in Turkey, you can always contact our support service by email: [email protected] or write to the head of the Chameleon Real Estate department on WhatsApp at +7 (978) 660-75-75.
This article was prepared by Elena Kravchenko, Head of Chameleon Real Estate. Follow our articles on Chameleon Real Estate Journal.