How Americans Can Buy Property in Turkey in 2025

Step-by-Step Guide, Costs, Taxes & Citizenship (with Free Checklist)

TL;DR: US citizens can legally buy freehold real estate in Turkey. The process: get a Turkish tax number → open a bank account → reserve & due diligence → SPK appraisal → wire funds (FX Purchase Document) → title deed (Tapu) registration → utilities → optional residence/citizenship. Buyer costs include 4% title tax, appraisal, translation/notary, and agency fee. Remote purchase via POA is possible.

Table of Contents

• Why Turkey is hot for US buyers
• The 8-Step Buying Process
• Cost & Tax Breakdown
• Remote purchase
• Residency & Citizenship
• Best Areas to Start
• FAQ

1) Why Turkey is hot for US buyers

• Lifestyle: Mediterranean climate, good schools, easy access to Europe/ME.
• High yields: Istanbul and coastal regions offer solid rental demand.
• USD advantage: Dollar-based buyers gain strong leverage on prices.
• Residency & Citizenship: Property owners can access residence permits; large investors may qualify for citizenship.

2) The 8-Step Buying Process (from the USA)

1. Get a Turkish Tax Number
2. Open a Turkish Bank Account
3. Reserve the property & due diligence
4. Obtain SPK Appraisal Report
5. Finalize contracts and transfer funds
6. Title Deed (Tapu) Transfer
7. Post-completion utilities and setup
8. Optional: Power of Attorney for remote purchase

3) Cost & Tax Breakdown

• Title/Transfer Tax: 4% of declared value
• SPK Appraisal: $150–$400
• Translator & Notary: $100–$300
• Agency Fee: 0–4%
• VAT (KDV) on new builds: 0–18%
• Ongoing: property tax, DASK, utilities

4) Remote Purchase: 100% Online

Notarized Power of Attorney (POA) at consulate, video tours, digital signatures, and remote title transfer make buying from the US fully possible.

5) Residency & Citizenship by Property Investment

Residence permits available to property owners (subject to zoning). Citizenship available above the official minimum threshold, with legal compliance and valuation.

6) Best Areas to Start Your Search

• Istanbul European Side: Beşiktaş, Şişli, Kağıthane — high rental demand. → Property in Istanbul
• European Side macro-areas: Sea-view apartments, new-build compounds. → European Side Properties
• Example Listing: → Prestigious Apartments, Beşiktaş

7) FAQ — Americans buying property in Turkey

Can Americans buy property in Turkey?

Yes, except for a few restricted military zones.

How long does the process take?

Usually 1–3 weeks once all documents and funds are ready.

Do I need a Turkish bank account?

Yes, funds must convert to TRY with an FX Purchase Document.

What are the total costs?

Roughly 5–9% on top of the property price including all taxes and fees.

Can I get residency or citizenship?

Residency is available to property owners; citizenship for qualifying investments.