The tax landscape in Turkey involves a distinct set of obligations that differ meaningfully from what buyers in many Western countries are accustomed to — a one-time transfer tax at purchase, an ongoing but modest annual property tax, and a capital gains regime built around a five-year exemption threshold that rewards holding rather than flipping. For anyone evaluating buying a house in Turkey,...
Changes in real estate taxation are being prepared. According to the government proposal, individuals obtaining credit for the purchase of more than one property will be required to pay a 15% tax on transactions with banks and insurance. Meanwhile, those acquiring their first home will be exempt from the specified tax. Citizens taking out loans for multiple houses will be subject to a 15% tax on...
1. Troy Museum: This amazing museum is located in the province of Canakkale and has been awarded by the European Museum Academy. It is situated near the excavation site of the ancient city of Troy (yes, that Troy). It houses artifacts dating back 5,000 years. The museum's collection includes around 2,000 exhibits. 2. Zeugma Mosaic Museum in Gaziantep: This is one of the largest mosaic museums in the world....
Turkeys relationship with wine runs far deeper than most visitors expect from a predominantly Muslim country. Anatolia is widely regarded by archaeologists and wine historians as one of the birthplaces of viticulture itself, with evidence of grape cultivation and wine production in the region stretching back thousands of years, predating many of the wine traditions more commonly associated with Europe....
A lease agreement through e-Devlet is now standard practice: Turkey has digitized much of its rental market administration through this national e-Government portal, and understanding how lease agreements interact with this system matters for anyone renting property in the country — whether as a tenant, a landlord, or a foreign property owner in Turkey managing a rental unit remotely. This guide covers...
New Regulations for Turkish Residency Permits: Increased Investment Thresholds Effective October 16, 2023, a significant change has impacted the process of obtaining a Turkish residence permit through property investment. This new regulation applies nationwide. Higher Property Value Requirement Under the new regulation, to qualify for a residence permit based on property ownership, the minimum...
New changes in the rules for renting real estate. These changes will require property owners to comply with new requirements and obtain the appropriate licenses from the Ministry of Culture and Tourism. One of the main changes pertains to short-term rentals, which are now limited to a period of less than 100 days. The logic behind this restriction is that tourists cannot stay in Turkey for...
The Building Identification Certificate (BKS) is a new system that will play an important role in ensuring the safety of buildings in Turkey. All homes must be earthquake resistant and undergo regular inspections to minimize potential hazards. One of the problems we face when buying a property is not knowing what materials it was built from and what design changes were made. BKS solves this...
Residence permit in Turkey (RP) is an important document that allows foreigners to stay in the country for a longer period than the permitted visa-free period, which usually ranges from 1 to 3 months depending on the country of citizenship. RP is issued for a period of six months to two years and can be extended. However, it is only available for close relatives of the foreigner, namely...
Roasted chestnuts in Turkey are one of the countrys most enduring street food traditions: walk through almost any Turkish city as autumn turns to winter, and youll encounter it before you see it: the smell of roasted chestnuts drifting from a simple charcoal brazier, tended by a vendor who has often worked the same corner for years. Roasted chestnuts (kestane in Turkish) are one of Turkeys most beloved...
