Real Estate in Turkey FAQ About Ownership in Turkey | Page 4

If you are planning to buy a property immediately, there is no need to get an
official residence permit because you can get a two-year, subject to renewal,
residence permit after owning the property, and that would be for you and for each
of your family (Wife and children aged under 18 years). However, if you stay
more than three months and you did not buy a property, you can get a six-month,
subject to renewal, residence permit.
Q9: What are the bank means to transfer money from my country to
Turkey? Are there any participation banks between the Gulf States and
Turkey to facilitate the transfer of money?
You may open an account at any Turkish bank very easily and then transfer
money. You also may open an account at any Gulf Turkish participation bank such
as the Kuwait Turkish Participation Bank (Kuveyt Türk Participation Bank) or in
its branches such as Kuwait Finance Bank in Kuwait, and then you may ask for
money as if you are in your home country.
Q10: What is the average price of a property in Turkey? Is there any
installments system?
The price of a property varies from one city to another and from a district to
another within the same city, but on average, it is fair to say that you can own a
good apartment for 60,000 $. And yes, the installments system is available in
Turkey.
Q11: Can I define my attorney to run the property due to transactions in
Turkey?