RU
DE
FR
ES
PT
AR
Yekta Homes
Aderan Global
Grand Emlak
Dev Project Marketing
Lucas investment
PT PROJE PAZARLAMA
Step in proje pazarlama
Ka collection
Anta Group
Temeltas project
Sonmez Real Estate & Construction
Jasmine Group
Ozdence Construction
Orka Homes
Yapraklar Construction
CubedotsGlobal Properties features over 2524 listings for foreigners looking to buy a property in a new building in Turkey. Our database includes flats and detached houses that best match your requirements. Use the advanced search system to filter by price range, area, number of bedrooms and bathrooms, location, construction stage and other parameters.
Sort your search results by popularity, title, newness or ascending/descending price. Browse through suitable options and contact sellers directly to learn more about the terms of potential deals and make an informed decision. Each listing includes contact details of agencies and developers.
- Minimum cost of a property in a residential complex in Turkey: USD 90057
- Maximum value: USD 10.1 million
A foreigner can purchase property in new residential projects in Turkey and obtain a residence permit by investing at least USD 200,000 in the property. The residence card obtained through this investment is valid for two years and can be extended as long as the investor retains ownership of the property. The investor can also include their spouse, minor children and parents in the application.
Citizens of other states can bypass the residency stage and apply for citizenship directly. To do so, they must purchase one or more objects of property in Istanbul, Ankara or any other city of the Republic. A Turkish passport obtained by investing in property worth USD 400,000 or more grants the right to enter over 100 countries without a visa and also allows for the application of an investment visa in the United States.
Residential projects in Turkey
Local developers offer a wide range of investment and development projects in Turkey to meet the needs of buyers and tenants. In coastal locations and areas with developed infrastructure, you can find new projects featuring modern designs and a variety of amenities, such as swimming pools, gyms, playgrounds, recreation areas with free Wi-Fi, parking, concierge services and 24-hour security.
Local law welcomes foreign investment, allowing citizens of most countries to purchase property. The ban only applies to Syrians, Armenians, Cypriots, Cubans, Taiwanese, North Koreans and Eritreans. However, there are several restrictions. For example, foreigners cannot own properties near military infrastructure or land larger than 30 hectares.
The process of buying property in the state consists of the following steps:
- Obtaining a tax identification number: This is a mandatory requirement for all individuals intending to participate in a sale and purchase transaction in the state;
- Hiring a lawyer: A lawyer specialising in the laws of the republic will assist with verifying the property and preparing the contract;
- Home inspection: An inspector will assess the technical condition of the property;
- Signing the contract of sale: The parties will conclude the deal and the buyer will make a deposit;
- Final payment and transfer of ownership: Once the full cost of the property is paid, the buyer can register it at the Land Cadastral Office.
Properties for sale by developers in Turkey for investment
As reported by the Central Bank of the Republic, in May 2024, when it comes to residential complexes in Turkey, prices from developers increased by 42% year-on-year, reaching TRY 33,460 (USD 999) per square metre. In 2023, the value rose by 71.7%, 178.6% in 2022, 64% in 2021, 32.6% in 2020 and 2.9% in 2019. This trend presents a great opportunity for investors interested in long-term capital gains.
In May 2024, prices of houses and apartments in Istanbul, the country's largest city with the most expensive housing market, increased by 31.6% year-on-year to TRY 47,299 (USD 1,412) per square metre. In Ankara, the country's capital, they soared 52.6% to 26,930 TRY (USD 804) per square metre, while in Izmir, the third most expensive city, they rose 43.3% to 38,874 TRY (USD 1,161).
The average gross rental yield for residential property in the country reached 7.13% p.a. in Q2 2024, up from 6.36% in Q1 2024. Owners of apartments and villas in Istanbul receive yields of 6.63%, 8.19% in Ankara, 5.17% in Antalya, 7.22% in Izmir, 8.12% in Adana, 7.08% in Konya and 6.78% in Bursa and 7.72% in Kayseri.
Investors interested in long-term rentals are advised to choose property development in Turkey in areas with well-developed infrastructure. Most locals and expats prefer easy access to schools, kindergartens, hospitals, supermarkets and other essential facilities. For short-term rentals, properties in coastal locations and near popular tourist attractions are ideal.
Real estate in residential complexes in Turkey
Our online platform offers a wide range of housing, commercial premises and land abroad, including properties for sale in residential complexes at developer's prices in Turkey. Our catalogue is updated daily with new offers, each manually verified. Each listing provides accurate details, photos and prices of the property, as well as the seller's contact details. With tools like advanced search systems, quick links, sorting functions, interactive maps and currency converters, selecting the perfect property is made as simple as possible. Enjoy the convenience of our portal and find the Turkish property of your dreams today.