Buying a holiday home in Turkey is a dream for many international investors and retirees. With scenic coastlines, modern resorts, and relatively affordable property prices, Turkey offers fantastic lifestyle and investment value. However, foreigners must be aware of key legal, tax, and administrative steps before purchasing.
Can Foreigners Buy Holiday Homes in Turkey?
Yes. Foreign nationals from most countries can legally buy real estate in Turkey. The property must not be located in military zones or restricted security areas. Coastal regions like Antalya, Bodrum, and Fethiye are particularly popular among foreign buyers.
Legal Steps to Buying a Holiday Property
- Choose the Right Property: Work with certified real estate agents and lawyers to find suitable holiday properties.
- Preliminary Legal Checks: Your lawyer should confirm the title deed (Tapu) status, zoning, and municipality approvals.
- Sign a Sales Agreement: Secure the terms of sale, deposit, and timeline in a bilingual contract reviewed by legal counsel.
- Title Deed Transfer: Finalize the process at the Tapu Office. You must be present or appoint a power of attorney.
- Military Clearance: If applicable, the property must be cleared by military authorities (automatic in many cities now).
Taxes and Fees for Holiday Home Buyers
- Title Deed Transfer Tax: 4% of the declared purchase value (typically split between buyer and seller).
- Annual Property Tax: 0.1% – 0.6% depending on property type and city.
- Value Added Tax (VAT): Exempt for first-time buyers paying in foreign currency under certain conditions.
- Capital Gains Tax: Applies if you sell the home within 5 years of purchase and make a profit.
Owning vs. Renting: Is it Worth Buying?
If you frequently travel to Turkey or plan to retire there, buying a home can be far more cost-effective than renting. You can also rent out the property short-term during peak tourist seasons (Airbnb, etc.).
Benefits of Buying with ER&GUN&ER Law Firm
At ER&GUN&ER, our real estate lawyers offer legal due diligence, tax consultancy, and full purchase support for foreign buyers. We ensure your investment is legally secure, tax-efficient, and future-proof.
Read our related article: Buying Property in Istanbul: Legal Guide for Foreigners