No, you don’t need a residence permit to buy a property in Turkey!

Only in rural areas and military zones. In the developments that we promote there are no restrictions imposed.

Yes, all properties we sell in Turkey are freehold property.

Yes, but it is a complicated and lengthy process that requires ministers council approval which rarely happens. Foreign companies should therefore establish a Turkish subsidiary enabling them on an equal footing with other Turkish companies and citizens to buy and sell properties. IREMWORLD can help you to establish a Turkish company.

Yes. If you wish to invest in Turkish properties through a professional entity in Turkey IREMWORLD can help you to establish a Turkish company.

If you are purchasing a property on new development, the price will be set by the developer. Otherwise, the owners define the prices of their properties for sale. Whether or not an agent is involved in the purchasing process you will pay the same price for the property. Thus it’s preferable for any buyer to buy through an authorized & registered agent in order to ensure that buyer’s interests are taken into consideration.

NO! In order to Turkish law only certified and registered real estate agents can mediate and offer brokerage services. IREMWORLD is an authorized and certified real estate agency registered at Istanbul Chamber of Commerce  (ITO) .

Whenever a property is sold, registered and certified real estate agents are entitled to receive a 2% service fee based on the actual sales price of the property from the purchaser and the property owner separately. However, IREMWORLD Ltd does not require any commission or service fee from buyers unless stated otherwise

Going through an established Estate Agency like IREMWORLD has several advantages. First of all, you will get to see a wide range of properties that match your criteria and not just one specific developer. Secondly, you will have the benefit of our international standards and experience in addition to a fully staffed office to support you both in Turkey and back home. 

Yes. When applying for a mortgage loan you will need to document your income whether in your home country or elsewhere. IREMWORLD will assist you to obtain the best financial product/solution at the current market conditions. There are some high street banks in Turkey where you can obtain a mortgage on the property you buy in Turkey. 

You will normally pay approximately 2-3,000 Euro reservation fee and then 30% as down payment within four weeks from signing the purchasing contract. Most developers offer stage payments (lump sum to be paid at the completion of each building phase) often with a degree of flexibility towards your personal circumstances. This will be agreed upon at the time of purchase. Payment terms are in most cases negotiable with the property seller/owner or the developer.

After paying the reservation fee, IREMWORLD will carry out the title deed checks. A contract will be drawn up between the seller and the buyer. This will give the details of the completion date, payment schedule, terms & conditions. When this is signed by the parties, the down payment is paid. You then apply for a security clearance to allow you to own a property in Turkey – this will often be applied for you on your behalf by the developer or IREMWORLD. You can sign a Power of Attorney at the notary public to conclude all the necessary paperwork if your circumstances require so. When a security clearance is obtained you (or your attorney) will sign a deed of transfer in front of an officer of the Land Registry Office who then records you as the official owner of the property.

A copy of your passport translated into Turkish, 4 passport-sized photos, and a Turkish tax number to be able to purchase a property in your name. IREMWORLD helps you to obtain a Turkish tax number from the local tax office.

Yes, there are English-speaking lawyers and we can introduce them to you during your viewing trip.

The costs related to buying property are in general around 4% of the value of the property.

This varies from development to development between 120 – 900 Euro per annum depending on size & facilities at the complex or community. In most cases for a 2 bedroom apartment, it is 50 Euro/month. IREMWORLD will inform you about this matter before purchasing.

State property tax and environmental cleaning tax. However, these are relatively low and mostly less than 100 Euro altogether.

Of course. IREMWORLD will help you to ensure your property at the most favorable rates.

Yes. The main season is from April to October but you should still be able to rent it out over the winter months at lower rates.

A few developers offer furnishing packages. Besides, IREMWORLD assists you without any extra cost to purchase any items to furnish your property.

The general price level for fast-moving consumer goods is up to 50% lower than most Western European countries. Although, some luxurious goods might be more expensive than in your country.

Turkey is a republic governed by parliamentary democracy and member of NATO and in the process of accession to the EU. The country is already a member of the European Customs Union. 

Yes, some developments are managed by professional companies, whilst others by developers or the owners themselves.

Almost all listings and property deals are in € or USD in order to prevent all parties from exchange losses equally. On the other hand in case you prefer to make a deal with another convertible internationally traded currency (GBP, CHF, DKK, SEK, NOK, etc.) to protect yourself against exchange rate fluctuations IREMWORLD  can assist you to secure a rate fixed on the date of signing the sales agreement.