Can foreigners buy property in multiple Turkish cities?

Foreigners can buy property in more than one city in Turkey. Turkish law lets people from 183 countries own property in different areas and cities in all 81 of Turkey's provinces. The law does not include, however, properties within 400 square metres that are close to military or security zones. It also says that a foreigner can only own 30 hectares of land and 10% of a municipality's area within a single zone.

Having more than one property in different cities in Turkey

Foreigners can own property in more than one city in Turkey without any problems. Turkish property ownership laws let people buy apartments, villas, palaces, chalets, commercial properties, hotels, restaurants, and land for farming or development. There are no limits on the number of properties or the cities where they can be located.

 

Having more than one property in the same city

Foreign investors often buy more than one home in the same city, but in different parts of the city. As an example, a foreign investor could buy homes in Istanbul in a number of different neighbourhoods and types of properties:

•  A one-bedroom flat in the Kagithane neighbourhood on Istanbul's European side.
•  A house in the Beykoz neighbourhood on Istanbul's Asian side.
•  A business office in the Maslak neighbourhood on Istanbul's European side.
•  A business store in the Besiktas neighbourhood on Istanbul's European side.

These homes can be used for many things, like living in yourself, investing in a business, reselling, or renting.

Pros of owning property in more than one Turkish city

Choosing to own property in more than one city or region in Turkey has a number of benefits:

•  Adding to the variety of your investments in Turkey.
•  Spreading investments across different types and areas of real estate can help fight inflation, financial crises, and changes in the value of the dollar.
•  Trying to find Turkish provinces with interesting landscapes, good services, and a range of investment opportunities, both in cities in the interior and in cities with views of the sea.
•  By buying homes in provinces that aren't as developed or as big as Istanbul, where prices are higher, where prices are lower.
•  Getting different types of investment returns from different cities, regions, and types of property in Turkey.
•  Not relying too much on one property or city to bring in money from investments.
•  Getting to profitable returns faster thanks to different ways to invest in real estate.
•  Taking advantage of the good things about each city on its own, like the variety of properties for sale and the low cost of renting.

How to own property in more than one city in Turkey

Here are some important things to keep in mind if you want to buy property in different cities and regions of Turkey:

1.  Get in touch with the customer service team in Turkey to find out about the general benefits of investing in real estate and the specific benefits of each city in Turkey.
2.  Find out which cities in Turkey are the best places to invest in real estate.
3.  Learn about the rules and laws that apply to foreigners owning property in Turkey. Also, learn about the conditions and requirements for investing in real estate.
4.  Get the best deals and offers in different cities and regions of Turkey.
5.  Spread out your investments across different types of properties, such as homes, businesses, and hotels.
6.  Reselling and renting out properties are two different ways to invest.
7.  Include both under-construction and finished properties to give your customers a choice.
8.  Before you buy, get a property valuation report to find out how much the property is worth.
9.  In each city, check with the Land Registry Directorate and city governments to make sure the property is legal.
10.  Modern apartment complexes are better investments than single buildings because they consistently have high values.