How to find accommodation in Turkey? You can either rent or buy a property. Find all related explanations in this article.
Turkish households generally spend a larger share of their budget on housing. It is in fact most families and individuals' biggest expenditure item, including rent, bills, furniture and additional costs such as repairs, etc. Hence, only 67% of the Turkish population is satisfied with their housing, which is the lowest rate in the region.
In general, an average property in Turkey includes 1.1 room per person. As regards basic equipment, 87.3% of Turkish accommodations have private and indoor toilets equipped with a flush.
Room and flat sharing
Room or flat sharing might be the ideal option if you are looking for cheap accommodation. In fact, rent prices often tend to increase, especially in major Turkish cities. Roommate, indeed, is often associated with students, but it is also quite widespread among young professionals. Moreover, many expatriates start by searching for temporary room of flat sharing on their arrival in Turkey.
You can start by checking out flat and room sharing offers on the internet. But word of mouth, classified ads in local newspapers, as well as real estate agencies may also help.
Property purchase in Turkey is not limited to Turkish nationals. In fact, the real estate market is quite open to foreigners provided they fill in related formalities and there is a reciprocity agreement between their home country and Turkey regarding purchasing property. Although prices have gone up in recent years, properties are more affordable in Turkey than in many European countries. But you are advised to inquire on existing conditions and regulations before proceeding.
According to the Turkish law, the ownership transfer contract must be registered with the Owners Registry in the respective category. You might as well sign a pre-sale agreement before a notary. For the deed be deemed as appropriate, the home ownership transfer has to be registered with the respective Records Department.
Note that foreigners are only allowed to acquire property for business and housing purposes provided they comply with legal restrictions and the reciprocity condition. However, the total surface area of the property should not exceed 25,000 square meters.
You also have to obtain the military authorities authorization prior to the real estate acquisition. You are advised to settle this condition before payment as sale of immovable property which is found in the safe area does not apply to foreigners.
Foreigners must also submit the following documents to the concerned Land Records Department:
- identity documents (passport and identity card)
- residence permit (obtained from the competent Police Department)
- the original and certified copy of the procuration document if the transaction is made abroad by an agent.
Finally, foreigners wishing to purchase a property in Turkey are advised to inquire beforehand with the Real Estate Registration Directorate before signing any contract or making related payments. In case of disagreement at the time of sale or purchase, the case may be referred to court.
Rent price in Turkey may amount to 25% of the total household budget. Note, however, that prices may vary from one city to another and according to the type of housing, level of comfort, etc. Besides, housing is more expensive in Istanbul.