Here, life continues away from the stress of big cities but without disconnecting from social life. Drinking your morning coffee on the balcony under the sun, being able to reach the sea with a short walk, and being surrounded by nature all year round are part of daily life in Alanya.

At The Telegraph Estate, we believe that people are not just buying a property. We think they are building a new lifestyle, a new routine, and a life where they feel good. That’s why we prioritize introducing our clients not just to a home, but also to life in Alanya.

Perhaps sometimes what is needed is not just a new address, but a new beginning.

Alanya has become one of the most preferred summer resort destinations in recent years for retirees from many European countries, especially Norway and Ireland. It stands out particularly for its tranquil lifestyle, mild climate, and affordable living costs, especially for those aged 60 and over.

Sunny and Mild Climate Throughout the Year

Alanya enjoys sunny and mild weather for most of the year. It offers more than 300 sunny days a year. This provides great comfort for Scandinavian and Northern European retirees who are accustomed to harsh winter conditions. It is possible to spend time outdoors even in the winter months. This provides great advantages in terms of both physical and mental health.

Quiet and Comfortable Living

Alanya offers a quieter life away from the hustle and bustle of big cities. It features gated communities with elevators, projects with swimming pools and social areas, and apartments near or overlooking the sea. Areas such as Oba, Kestel, and Mahmutlar are particularly popular with foreign retirees. These areas offer easy access to markets, pharmacies, and daily necessities.

Easy Access to Healthcare Services 

Health is one of the most important issues in retirement. Alanya has modern hospitals. Private healthcare services are accessible and more economical compared to Europe.

International and Social Life

Alanya is home to thousands of foreigners from diverse backgrounds. English is widely spoken. Social clubs and foreign communities exist. It is easy to meet new people. You can live an active social life without feeling lonely.

Affordable Cost of Living

Compared to European countries, the cost of living in Alanya is quite low. Daily expenses, restaurant prices, and services offer a more comfortable living budget for retirees. This makes long-term holidays more sustainable.

Close to the Sea and Surrounded by Nature

Many residences in Alanya are located close to the sea. Morning walks, spending time by the beach, and a life surrounded by nature are great advantages for retirees. Clean air and the Mediterranean climate enhance the quality of life.

Easy Access to Europe

Transportation to Alanya is quite convenient. Direct flights and connecting flights are available. There are regular connections to Europe. Family and friend visits can be easily planned.

A Friendly Environment for Foreigners

Many retirees from Norway, Sweden, Denmark, and Ireland live in the region. This facilitates social integration. Furthermore, communication in English is possible in many places. Alanya is an ideal option for European retirees who want to live a peaceful and comfortable life for certain periods of the year rather than settling there permanently. With its pleasant weather, affordable living costs, and tranquil lifestyle, it stands out as a potential second home.

If you want to spend your retirement in a more enjoyable and peaceful way, Alanya might be the right choice for you.

In this article, we explain in a simple and clear way the residence permit process in Türkiye and why you should consider owning a home in Alanya.

How to Obtain a Residence Permit in Türkiye ?

One of the most common types of residence permits for foreigners in Türkiye is the short-term residence permit. People who purchase real estate have the right to apply for this permit.

1. Purchasing Real Estate

The first step is to buy a house in Türkiye. This transaction is formalized with a Title Deed (Tapu).

2. Required Documents

The following documents are generally required for the application:

• Title deed
• Valid passport
• Biometric photo
• Health insurance
• Address registration

3. Application Process

Applications are made through an online system, after which an appointment is scheduled with the Directorate of Migration Management.

4. Approval of Residence Permit

When your application is approved, a residence permit valid for usually 1 year is issued, and it can be extended.

Note: Regulations may change from time to time, so working with a local and reliable real estate consultant provides a significant advantage.

Why Should You Own a Home in Alanya?

1. Unique Climate

Alanya offers more than 300 sunny days per year. This creates a major quality-of-life difference, especially for people coming from Northern Europe.

2. Affordable Real Estate

Compared to Europe, you can own a sea-view apartment in Alanya at much more affordable prices.

3. High Investment Potential

Thanks to its touristic nature, it is possible to generate income through short-term rentals.

4. International Lifestyle

Alanya has a large foreign community. Many people, especially from Scandinavian countries, live here.

5. Developed Infrastructure

Modern hospitals, shopping malls, and transportation options make daily life easier.

6. Easy Transportation

There are direct flights from Antalya Airport to many cities in Europe.

Why Is Professional Support Important When Buying Real Estate in Alanya?

Buying real estate in Alanya, a market highly attractive to international investors, is not just about finding the right property. The process involves legal, financial, and technical details, and receiving professional support plays a decisive role in securing your investment.

1. Proper Management of Legal Processes

Real estate purchase procedures in Türkiye are subject to certain legal requirements. Title transfer, appraisal reports, tax number acquisition, and official registration processes must be handled carefully.

A professional consultant:

• Ensures all documents are prepared completely
• Manages the title deed process securely
• Identifies potential legal risks in advance

This helps prevent future issues.

2. Accurate Pricing and Investment Analysis

Even within the same area in Alanya, prices can vary significantly. For a buyer without local market knowledge, this can create risks.

An experienced real estate consultant:

• Analyzes the true market value
• Identifies areas with high appreciation potential
• Offers you properties that are not only “beautiful” but also “profitable”

3. Process Management for Foreign Buyers

For buyers coming from abroad, language, regulations, and bureaucracy can be significant obstacles.

With professional support:

• The entire process is organized on your behalf
• Official procedures are carried out correctly
• Guidance is provided for additional processes such as residence permits

4. Technical and Physical Inspections

Not only the appearance but also the technical condition of a property is very important.

With consultant support:

• Building age, construction quality, and infrastructure are examined
• Occupancy permit and project compliance are checked
• Appraisal processes are managed if necessary

5. Time and Process Efficiency

A consultant with the right connections can shorten the process by weeks.

• Unnecessary time loss is prevented
• All procedures progress in a planned manner
• The purchasing process is completed quickly and smoothly

6. After-Sales Support

A professional real estate agency supports you not only during the sale but also afterward.

• Utility subscriptions (electricity, water, etc.)
• Furnishing assistance
• Rental and property management

These services provide great convenience, especially for investors living abroad.

Conclusion 

In a dynamic and international market like Alanya, receiving professional support is not a choice but a necessity. Working with the right consultant means not only buying a property, but also making a safe and sustainable investment.

Turkish banks – general information

All the banks are members of Türkiye Bankalar Birligi (the Turkish Banking Association). The purpose of the Association is to preserve the rights and benefits of banks, to carry on studies for the growth of the banking sector, for its functioning and the development, to take the decisions to prevent unfair competition and to coordinate its actions with the current government.

The financial and banking systems in the state interact with each other. It is a result of historical and economic formation. In the foreign exchange and stock markets, these institutions conduct almost all financial activities.

Foreign banks form a minority in the current financial system and are keen on innovations.

Most national banks have their ATMs. Foreign citizens withdraw personal funds while they stay in Turkey. In the resorts, you can use debit and credit cards. Exchange offices are open until late at night.

One of the largest banks in Turkey is Finansbank A.S. It is the alliance of several companies from different countries. It has a network of branches and international investments. More than 150 of them operate in Turkey.

The top banks in Turkey

List of banks:

• Akbank is the largest bank operating internationally. It offers a range of services, in particular, mortgage lending.
• Private FinansBank is the fifth-largest privately owned Turkish bank. It has millions of customers.
• Denizbank is Turkey’s fifth-largest lender. About 700 of its branches operate in Turkey.
• Yapikredi Bankası in Ankara offers saving account, personal and business loans.
• Türkiye Garanti Bankası. The central office is in Istanbul. It works with private clients and foreign companies.
• Ziraat Bankası offers saving account, personal and business loans.
• Vakıf Bank is the third-largest bank in Turkey in terms of asset size and one of the best in terms of services. It has branches abroad.
• The state-owned Turkish bank is Halk Bank.

Foreign banks in Turkey

Turkey’s banking sector has experienced remarkable growth in recent years. Therefore, foreign banks open their branches here.

Among the foreign banks, there are Citibank (the USA), German Deutsche Bank, Dutch Finansbank, French Societe Generale, ING Bank (the Netherlands) and HSBC Bank. Representatives of banking services from Korea, China, Japan are also keen to open their branches. Bank of China operates in Turkey, other similar organizations (Bank of Tokyo Mitsubishi and Dubai) show their interest.

Helpful information!

Do not rush to withdraw money. It is better to clarify first if the cashback is available.

Also, consider letting the bank know about your trip. Otherwise, the card may be blocked. Take a spare card with you.

Working hours

There is one nuance all the visitors need to know. Depending on the region and city, the working hours of Turkish banks may vary.

Working hours:

Weekdays: 8:30 am – 5:30 pm.

Lunch break: 12:30 – 13:30.

Days off: Saturday, Sunday.

The national currency of Turkey

The national currency of the Republic of Turkey is the lira (TL).

Lira is equal to 100 kurus.

There are banknotes of 5, 10, 20, 50, 100 and 200 TL. Coins: 1, 5, 10, 25, 50 kurus and 1 TL.

All banknotes depict Mustafa Kemal Ataturk, the founder of the republic and the first president.

Currency exchange tips in Turkey

One of the most profitable domains in Turkey is tourism. The government does its best to make tourists from abroad enjoy comfortable and convenient holidays. The same rule applies to the exchange of money.

There are currency exchange offices in every region and city, be it a private or state company. As for resorts such as Istanbul, Antalya, Alanya, Bodrum, Marmaris, Kas, exchange offices are everywhere. There is a lot of competition in this domain. Each company in the foreign exchange market tries to maintain a high level of service and simplicity. The exchange rate is almost the same.

There is a wide range of currencies available.

Here are some tips on how to exchange money:

1. Be sure to exchange a large sum if you are planning to travel to remore places. Sometimes in small villages, there may be no exchange offices. Locals will exchange your money at an unfavourable rate.
2. Carefully choose the exchange centre.

• A bank with acceptable rates.
• Post Office ( Turkish Post or PTT). Not all PTTs provide the service. Usually, you can change dollars and euros.
• Private companies. Here, a hidden commission is possible. Check the info in advance.
• Often the front desk staff will offer assistance.
• It is possible, but you need to be extremely careful, as there is always a chance to get caught by scammers.
• ATMs in Turkey. They have a limit of $ 500.

3. Avoid changing money at the currency exchange kiosks of the airport that you are arriving in, as these kiosks often have extremely low rates and high charges. They operate for clients who need to get currency and benefit from inexperienced tourists who feel insecure without local money outside the airport.
4. You need your passport to exchange money at the bank. There are digital queuing systems, so you can safely wait for your turn. Senior citizens, regular customers, gold cardholders do not need to wait.

Useful recommendation!

The best banks for currency exchange are Akbank, QNB Finansbank, Garanti Bank BBVA, Yapikredi Bankasi, Central Bank of Turkey, Halk Bank.

Almost everywhere, it is possible to pay with a card. Nevertheless, it is worth having cash if you need to get a taxi, use public transport, go shopping at a local market.

Deposits in Turkey

Deposits in Turkish banks are a profitable enterprise. It is the right choice for those foreigners who have decided to move to Turkey and save funds. Today, it takes a few clicks to make a transaction. However, if you plan to open a bank account with high deposit rates in one of the banks, you should visit the bank. Many local banks attract foreign investment with interest rates on deposits.

On average, more than half of banks offer about 20% per annum. Isn’t it tempting? Also, every financial organization undertakes to return up to 100,000 liras in case of bankruptcy.

Mortgage loans for foreigners

Usually, you take a loan to purchase real estate. Mortgages have recently become more popular. At the first stage, you will not need to pay the entire amount for the purchased property. You can pay in euros, lira, dollars. It depends on the developer or the owner of the property.

Basic rules for mortgage lending:

• The term issue is up to ten years.
• The lowest percentage is around 5%.
• The total amount of funds cannot exceed 70% of the total price for a property.
• The amount of the first payment depends on the seller. Usually, it does not exceed 30%.

There are not so many banks that provide mortgage loans to foreigners. However, their number grows altogether with the country’s success in the economic field. Check Akbank, DenizBank, HSBC Bank.

There are not so many banks that provide mortgage loans to foreigners. However, their number grows altogether with the country’s success in the economic field. Check Akbank, DenizBank, HSBC Bank.

Money transfers through Turkish banks

More foreigners visit Turkey every year. Sometimes there is a need for financial support or transferring money. What is the most convenient and efficient way to transfer funds? Let’s consider the popular options.

Transferring money from Turkey to Europe

The main point is the amount since the movement of funds between different powers implies conversion and commissions. Therefore, it is more profitable to send bigger amounts.

The options are:

• International payment systems. There are no restrictions on the type of banknotes. The rate and interest in different companies vary.
• The most popular are Western Union and MoneyGram.
• Transfer to a card: you will need to use terminals of a partner or other banks.
• Skrill, PayPal, Sofort. They are popular since there are representatives in almost every large city in many countries. They have their service fees, depending on the size of the translation. Advantage: there is no need to go anywhere or wait in line for registration. Often electronic wallets make their plastic cards that support Visa, Master Card.

How to transfer money from Europe to Turkey

Transfers to Turkey are important when you need to send a large amount.

The safest options are:

• Cash-out. A resident of the country can take out no more than EUR 10,000 (or its equivalent in another currency). Everything from above requires a declaration. If the amount of funds is twice as large, you need a document from the tax office.
• Sending money to a bank account. The amount is not limited. In the case of real estate purchase, the transfer is specified in the seller’s or developer’s contract.
• Western Union, MoneyGram and other wallets. The limit is $8,000. The main advantage is that there is no need to have a bank account.

As you can see, the main problem with transactions is the limit on the amount. Electronic wallets are convenient, but the certification process (sending a scanned passport) can take up to three days. There are fees for speed, cash flow authentication, and other additional costs.

The identity document of real estates such as houses, lands, workplaces, shops and offices are deeds. This extremely important official document, the title deed, also provides information about who owns the rights to the immovable property.

What is a Title Deed?

With the simplest definition, the title deed is the identity of land or real estate. The title deeds issued by the land registry offices in the provinces are the most official document for the independent section or real estate in question and remain valid until proven otherwise. Among the people, this document is also called a title deed.

The title deed is divided into three groups. Classification is made as condominium title deed, title deed with condominium easement and share title deed.

Condominium title deed: It is the title deed given to the buildings whose construction is completed and the certificate of occupancy is received. Here, the right holders of each independent section have separately registered title deeds.

Title deed with condominium easement: A title deed with condominium easement is given to buildings whose construction has not been completed or for which a certificate of occupancy cannot be obtained due to deficiencies. With the title deed with floor easement, the right holders on the land are given shares as much as their land shares. In this type of title deed, it is clear to whom the apartments belong.

Share title deed: It is a title deed in which the number and names of the shareholders who have a share on a land or real estate are written. Everyone has an equal share in the property. It is not clear who owns which apartment, the right holders make this division among themselves.

How Are Title Deed Transactions Performed?

Title deed transactions are an issue that must be carried out extremely meticulously. Therefore, attention should be paid to the procedures to be performed both before and after the title deed.

Procedures to be done before the title deed transaction;

It should be determined in advance by whom the property tax and title deed fee will be paid.
An additional budget should be allocated for expenses such as title deed costs, real estate agent commission, file costs.
If a loan is desired to be used, banks should be interviewed and approval should be obtained.
DASK (Compulsory Earthquake Insurance) should not be forgotten.
The current price should be learnt from the municipality where the house to be sold is located, and property tax should be paid over it.
The title deed owner or his/her representative should apply to the title deed office for an appointment.
Title deed fee must be paid.

Procedures to be done on the day of the title deed;

When the appointment time arrives, you must be present at the land registry office.
The receipt of the paid title deed fee should be given to the officer.
Sales documents must be signed between both parties.
If a loan is used, loan opening documents can be signed from the bank.
How to Calculate the Title Deed Fee?

The title deed fee, also known as the title deed fee among the people, is calculated over 4 per cent of the sales price declared for the property sold. This fee is paid once during the purchase and sale of the title deed. With a simple calculation, when you buy a house for 1.000.000 TL, you have to pay 4 per cent of this amount, ie 40 thousand TL title deed fee.

Who Pays the Title Deed Cost?

Who pays the title deed costs between the buyer and the seller has always been a problem that has always been voiced. The issue of payment of title deed costs is clearly stated in the legislation. Here, the 4 per cent cost to be paid over the total price is paid equally. Both the buyer and the seller pay the title deed cost with a 2 per cent payment. However, with the negotiation and agreement to be made, only one party can pay the title deed cost. There is no legal obstacle here.

How Much Does the Title Deed Cost Cost in 2022?

The title deed fee is always calculated over 4 per cent of the sale price of the immovable in question. A revolving fund fee is also paid on top of this. The revolving fund fee, which is an official fee, was applied as 157 TL for 2022. In addition, you will pay a fee of 178.50 TL with an additional service fee of 21.50 TL. If we explain with an example;

For a house of 1.000.000 TL, 40 thousand TL title deed fee and 178,50 TL revolving fund fee are paid over 4 per cent. Thus, 40 thousand 178 TL 50 kurus expense is paid for the title deed expense.

When to Pay the Title Deed Fee?

Title deed fee can be paid after the application made at the land registry offices. After your application, you will receive a message on your phone regarding the amount and time to be paid. You can make your payment in line with this message.

Where to pay the title deed fee?

You can easily pay the title deed fee through banks. You can also make your payment with your debit card or credit card through the Land Registry and Cadastre Fee Inquiry page on the Revenue Administration website.

What are the Documents Required for Title Deed Transactions?

Different documents are requested from both the buyer and the seller in title deed transfer transactions. These documents are as follows:

Documents requested from the seller;

Original or photocopy of the title deed
1 passport size photograph
Original and photocopy of identity card
No tax debt paper
Power of attorney if the title deed transaction is made through the real estate agent.

Documents required from the buyer;

2 passport size photographs
Original and photocopy of identity card
Power of attorney if the title deed transaction is carried out through a real estate agent.

If the buyer or seller is a legal entity, then the following documents must be present

Original and photocopy of tax certificate
Company authorisation signature circular
No debt paper and fair value information to be obtained from the municipality
TCIP insurance