Market Overview

Market Overview

​​​​​​​​​​​​​​​​​​​​​​Turkey is one of the most promising real estate markets, grew significantly over the last 10 years. The motto “location, location, location” applies in particular to this country. Strategically situated at the crossroads of Europe, the Middle East, and Central Asia, and home to almost 85 million people, Turkey offers great opportunities for real estate developers, local and foreign investors.

Residential Demand

Residential Demand

In many provinces of Turkey, especially big cities like Istanbul, Ankara, Izmir, Antalya and Bursa, branded residential and commercial projects have attracted investors in recent times. The increase in the need for housing due to population growth, urban migration and earthquake resistant construction has affected the residential construction market.

Property Purchase Procedure

  • RESEARCH & CHOOSE THE RIGHT REAL ESTATE AGENT

    Identify the property you want to purchase according to the budget and desired criteria, and contact the seller direclty or get support from local licensed real estate agent. As Intro property, we provide support throughout every stage of the purchasing process including property management, rental and resale of the property, and obtain the Turkish Citizenship by investment program if required.
  • ARRANGE YOUR VISIT TO TURKEY

    Schedule an appointment with our property consultants and get started for site viewing tour to select the perfect location and your ideal home. We set up the best options before you get here. We recommend at least five days staying in Turkey to complete the property purchase.
  • NEGOTIATE THE PRICE, PAYMENTS, AND SALES CONDITIONS

    Closing a real estate transaction is typically a long process. Working with us, however, can make the process easier for you. Our team is skilled negotiators as they have years of negotiation experience. They know how to get the best real estate deal and payment plan that satisfy you.
  • BOOK YOUR PROPERTY AND PAY DEPOSIT

    Once you have identified the right property for you, a deposit is required to freeze its price and register it in your name. The deposit amount will be $1000 to $5000, is given to the seller and is dedcuted from the purcahsed price. In case of cancelation, the deposit is non-refundable.
  • SIGN THE SALES AGREEMENT

    Before purchasing the property, the buyer and seller will sign a preliminary promise of sale agreement between them. Buyer can notarise this agreement in the notary office. Notary fees will be paid by the buyer.
  • GET TAX NUMBER

    To start the purchasing process, a tax number is required for the buyer. Foreign buyers can obtain a tax number from any tax office with their passports that have been translated and approved by a notary public. You can also get it online from the official website of the state tax office: https://ivd.gib.gov.tr/.
  • DEPOSIT FEES & PAYMENT OPTIONS

    Pay the cost and fees of the property to the seller. The purchase price can be paid in cash or in installments via bank transfer to make it more secure.
  • POWER OF ATTORNEY FOR REAL ESTATE ACQUISITION

    To complete your property purchase process, you do not need to stay in Turkey until you receive your title deed. It is highly recommended that you grant power of attorney (POA) to a local attorney- Lawyer to complete the purchase. If the purchase is made with a POA, it must be organized and prepared by a notary. A certain amount of cash in Turkish Lira currency is required to be paid to the notary. In the event that you are not present in Turkey to grant a power of attorney, you can grant a POA at the Turkish embassy or consulate in your country. For a POA to be binding, it must be translated by a notarized translator in Turkey.
  • GET THE APPRAISAL REPORT

    An appraisal report showing the actual value of the property is required to complete the purchase. It must be issued by a company licensed for real estate appraisal.
  • RECEIVE YOUR TITLE DEED

    The last step to complete the property purchase process is to apply to the Land Registry Directorate with the required documents. Depositing property tax and signing the official contract issued by the Land Registry Directorate to sell it in the presence of a public officier. The sale will be completed and your property will be registered in your name. Congratulations you received your title deed!