Did you know that Turkey was ranked 7th on an HSBC survey about the best destinations for expatriates?
Turkey’s central global position bridges Europe, Asia, and the Middle East together. As a result, the country is a melting pot that boasts of a unique history and a rich culture.
Present-day Turkey, now a secular republic, is descended from the majestic Ottoman Empire. But Turkey’s history also stems from the classical Europe civilisations. Today, Turkey holds several UNESCO World Heritage sites. The most notable of them are in historic areas of Istanbul, Hisarlik, the archaeological site of Troy, Bursa, Cumalikizik, as well as the Great Mosque and Hospital of Divrigi. Near Izmir, you’ll also encounter the ancient Greek city of Ephesus, which was known as one of the Seven Wonders of the Ancient World.
The variety of Turkey’s landscapes is next to unequalled. From the raw beauty of the Anatolian Mountains to the magical colours of the Blue Lagoon in Oludeniz beach, you’ll find everything for your taste.
Turkish gastronomy is one of the finest in the world. In Turkey, you’ll indulge in meatballs (kofte) made of lamb or beef or feast on one of the hundreds of forms of kebab.
Most Turkish regions enjoy warm summers with temperatures in the high-20s to mid-30s (degrees C). The winters are mild on the coastline and much cooler inland.
Reasons to invest in Turkish property
- Turkey is one of the most popular travel destinations in the world today.
- Real estate in Turkey is relatively affordable.
- Exchange rates are particularly favourable to foreigners.
- Turkish Citizenship by Investment Programme. A real estate purchase of more than $250,000 will grant you a Turkish Passport.
- Residents can enjoy the benefits of a contemporary lifestyle thanks to modern projects.
- A variety of historical sites still standing personify the nation’s rich past.
- The beaches along the Mediterranean coast are some of the most beautiful in the world.
- Several ski resorts are among the most sought after tourist destinations.
- Turkish real estate may be an excellent source of rental income, particularly on the Coast where rental returns are some of the highest.
- The buying process is quick and easy… with low transaction fees.
Turkey Residency
You may have heard of horror stories about people applying for Turkish residency. For many it can be a lengthy and tiresome experience.
Fear not!
The process is made as easy as can be when you buy a property in Turkey.
According to the Turkish law, when you invest in a property, regardless of the price, you can obtain a renewable residency permit for you and your family.
Not only will you get a 1 year residency permit once the property is purchased, but you will also have the opportunity to renew it for 5 years. Additionally, during the period of transaction the buyer can get a 3-month touristic permit.
The documents required to obtain residency permit through the acquisition of Real Estate in Turkey:
- Passport: The validity period of the passport on the day of submission of the documents must correspond to the period of the residence permit.
- Tax Number
- Medical insurance obtained in Turkey
- A copy of the pages of the passport: The photo page, and the page showing the date of the last entry.
- 4 coloured photographs in passport format
- Complete application form obtaining or renewing a residency permit
- A copy of TAPU (title deed)
*the TAPU must be kept for the purpose of renewing residency annually.
Residency by buying property in Turkey is somewhat similar to the tourism residency. The main difference is that real estate residency type can be renewed, and tourism type cannot be renewed.
Geography and climate
Turkey is a vast country covering close to 800,000 km2. While most of Turkey is situated in Western Asia, 3% of its land is located in the Balkans. Turkey offers a wide diversity of regions and climates. In this fascinating country, you’ll encounter arid plateaus in Anatolia, spectacular mountains and more than 8000 km of coastline over 4 different seas.
Marmara Region
Marmara, the northwestern region of Turkey, is the interlock between eastern Europe and western Asia. Home to several Christian mosaics and the huge Sultan Ahmed Mosque, the area personifies the country’s diverse cultural roots. This is the region of Istanbul and Bursa. Its climate is transitional Mediterranean with hot summers, the winters are cold in Istanbul and milder in Bursa.
Aegean Region
The Aegean region occupies a large portion of Turkey’s western coastline. It sits south of the Marmara region and borders the Aegean Sea. The area enjoys warm summers and relatively mild winters.
Mediterranean Region
The Mediterranean region makes up the majority of the country’s southern coastline. It is home to the beautiful city of Antalya, where remnants of the Roman empire still stand. The region is known for its hot and dry summers and mild to cool, wet winters.
The Black Sea Region
The Black Sea Region, on the other hand, makes up the majority of Turkey’s northern coastline, stretching more than 1,000 miles to the Georgian frontier. The area is quasi oceanic with wet, warm summers and wet winters.
Central Anatolia Region
As the name implies, the central Anatolia region lies at the centre of the country and occupies about 25% of the nation’s total surface area. This mountainous land contains several dormant volcanoes. The climate alternates between dry and warm summers and dry and cold winters. Ankara, the capital of Turkey is located in this region.
Eastern Anatolia
With an average altitude of 2,200 meters, the Eastern Anatolia region is the most elevated area of Turkey. Located at the far east end of the country, the region shares a border with Iran, Azerbaijan, Armenia, and Georgia. Summers are warmer in the lowlands, and winters are cold and snowy in the highlands.
South-Eastern Anatolia
The area shares a border with both Iraq as well as Syria. Summers here are very hot and dry, while winters are cold and snowy.
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