Real Estate in Turkey

Foreign buyers are mainly focused on coastal and major cities. Antalya is ideal for holidays and rentals with developed infrastructure. Alanya is popular among CIS buyers and offers lower prices than Antalya. Mersin is a growing market with the lowest entry threshold and strong growth potential. Istanbul is suitable for long-term investment and business-class rentals.

On average, the price per square meter ranges from €1,000 to €5,000 depending on the region: Alanya — €1,200–1,600/m², Antalya — €1,800–2,500/m², Mersin — €1,000–1,400/m², Istanbul — €2,500–5,000/m². Studios start from €120,000, 2+1 apartments from €250,000, and villas from €600,000–700,000.

The most attractive prices are found in developing districts and new residential complexes: Mersin (Mezitli, Tece) — apartments from 3.5 million TRY; Alanya (Mahmutlar, Avsallar) — studios from 4–5 million TRY; Istanbul (Esenyurt, Beylikduzu) — prices from €1,800/m². These areas are comfortable for living and profitable for rental, especially when buying early in an off-plan project.

Key reasons include full ownership rights (freehold); residence permit or citizenship through investments from USD 200,000 and USD 400,000; interest-free payment plans from developers; mild climate, strong infrastructure and high rental demand; no property ownership tax for most foreign investors.

Yes, citizens of Russia and CIS countries can freely purchase apartments, villas and commercial properties in their own name. Transactions are carried out through the state land registry, and payments can be made in lira, euros or dollars. There are no restrictions by nationality — only a valid passport is required.

Buying property worth at least USD 200,000 grants the right to a residence permit for up to two years with the possibility of renewal. Property owners can reside in the country, open bank accounts, rent cars, obtain insurance and enroll their children in Turkish schools.

An investor can apply for citizenship by purchasing property worth at least USD 400,000. The property must be fully paid and held for at least three years. Citizenship is granted not only to the investor but also to their spouse and children under 18.

Property selection and document verification; payment of a deposit (usually 5–10 %); signing the sales contract (TAPU); payment according to the contract or in installments; registration of the transaction in the Tapu Sicil land registry and issuance of the title deed. The state fee is about 4 % of the property value, and the process takes 2–6 weeks.