Turkey

Finding a home in Istanbul that fits the whole budget The same purchase budget can buy a smaller apartment closer to the centre or more space farther out. What makes either choice work is the life that follows: getting to work, taking children to school and paying the monthly bills. That is a useful starting point when comparing property in Istanbul. Compare...

A home in Turkey comes with an annual municipal tax bill. Buying, renting out, selling or passing the property to someone else can bring other taxes and fees. Knowing which payment belongs to which stage makes it easier to budget, particularly as allowances and thresholds depend on the tax year.Annual property taxAnnual property tax is paid to the municipali...

Make room for the whole purchaseSaving on a home starts with knowing what you will spend in total. Alongside the price of property in Turkey, allow for taking ownership, preparing the home and the bills that follow. This helps you compare a lower-priced property with one that already includes more of what you need.Title deed transfer fee: The ordinary statut...

Sales in Turkey’s housing market slowed during 2023, with declines in total transactions, mortgage-financed purchases and sales to foreigners. This review brings together the annual results and the final month of the year from TÜİK’s December 2023 release. The year in figuresA total of 1,225,926 homes changed hands, 17.5% fewer than in 2022. Istanbul led wit...

Turkey has recently become one of the best destinations for those seeking a second home. This picturesque country which has breathtaking landscapes, an enormous amount of historical places, and is renowned for its warm hospitality has gained the hearts of both investors and holidaymakers. However, before talking about the exciting journey of buying a second...