Real Estate in Turkey

Türkiye is BELLAZZURA’s most important market abroad, focusing on Istanbul and Bodrum. Prices are rising strongly in nominal terms, but in real terms they are below the previous year because of high inflation. We support you with your plans.

Locations

• Istanbul: Bebek, Arnavutköy, Yeniköy, Nişantaşı and Şişli, Sarıyer and Tarabya, Kadıköy, Moda, Çengelköy
• Bodrum: Yalıkavak, Gümüşlük and Turgutreis, Bitez and Ortakent, Bağla and Yahşi

Market Figures Türkiye

Buying and Costs

• Title deed fee: 4 % of the declared price, by law half each for buyer and seller.
• VAT on new builds (KDV): 1, 10 or 20 %, depending on net area, building permit date and location; for foreigners an exemption is possible on a first purchase paid in foreign currency (GİB, KDV Genel Uygulama Tebliği).
• Total purchase costs: approx. 4.5 to 7 % incl. commission, depending on how the title deed fee is split (BELLAZZURA estimate, non-binding). Worked example and all items in the guide to costs and taxes.

Notes for Foreign Buyers

• Before the purchase, military restricted zones are checked; foreigners may acquire at most 30 hectares nationwide.
• Proof of currency exchange (döviz alım belgesi) is mandatory. A valuation report (değerleme raporu) has no longer been generally required since TKGM circular 2024/4, but is still required for purchases for citizenship.
• Process, checks and citizenship in the guide to buying property in Türkiye.
• We state our commission and that of the local partner office in text form before the search begins.