Real estate in Turkey for cryptocurrency

Cryptocurrency — This is electronic money that is used today to carry out almost any financial transaction: from buying clothes or equipment to purchasing property. According to official data, there are already about 2,000 different cryptocurrencies, the most popular of which are Bitcoin, Ripple, Litecoin, Bitcoin Gold, Stellar, Ethereum and other tokens.

An attempt to purchase real estate with virtual currency was first made back in 2013 in Canada. And today buying an apartment in Turkey, a villa in Europe or a penthouse in London for bitcoins has already become the norm. Moreover, payment in crypto is accepted not only by individuals, but also by large corporations.

The appearance of cryptocurrencies on the global financial market — These are great prospects and new opportunities for real estate investors. In the Republic of Turkey, many real estate companies and developers are already adapting to new investment realities and are ready, at the request of clients, to carry out purchase and sale transactions using cryptocurrency.

We will tell you how to buy real estate with cryptocurrency in Turkey and what are the advantages of electronic money in our latest review.

Content of the article:

In which countries can you buy real estate with cryptocurrency

Forward-thinking investors are interested in the question: in which countries can you buy real estate with cryptocurrency?

Currently, many states still prohibit or do not officially allow the use of virtual money. For example, such bans apply in China, Egypt, Morocco, Algeria and other countries.

Nevertheless, there are enough countries in the world where governments are loyal to the purchase of real estate for cryptocurrency.

The most popular of them:

  • Malta;
  • Thailand;
  • Salvador;
  • Singapore;
  • Germany;
  • Georgia;
  • Montenegro;
  • Canada;
  • Portugal;
  • Republic of Turkey;
  • United Arab Emirates;
  • Salvador and others

Thailand — one of the first powers to legalize crypto. The national cryptocurrency market of the UAE is actively gaining momentum today and allows you to conduct a successful business. In Germany, all transactions with crypto are legalized, so you can buy a home by making a transfer from the buyer’s crypto wallet to the seller’s crypto wallet. In Turkey, according to statistics, more than 8,000,000 local citizens use digital currencies, and due to the devaluation of the Turkish lira, the number of virtual money holders is growing. Against this background, many real estate agencies accept crypto payments. In addition, using tokens, buyers can still obtain a Turkish residence permit and citizenship by investment.

Real estate in Turkey for cryptocurrency

What kind of real estate can you buy in Turkey for crypto

It should be noted that back in 2021, the Turkish government launched a pilot project, the purpose of which is — creation of an electronic currency based on the Central Bank. The cryptocurrency is called Central Bank Digital Currency or CBDC. As for legislation, at the moment most laws regarding the regulation of the movement of virtual money and assets, the work of blockchain technologies are under development. The state has not officially confirmed the status of crypto as legal tender. However, mutual settlements with bitcoins and other tokens are not prohibited in the Republic of Turkey.

In Turkey, you can purchase any real estate with cryptocurrency:

  • apartments in ultra-modern residential complexes with developed internal infrastructure;
  • detached houses;
  • status villas, penthouses;
  • ancient mansions;
  • real estate for commercial purposes for offices, restaurants, hairdressers, SPA centers and much more;
  • land plots for construction or agriculture.
Examples of real estate in Turkey

125 000

Apartments with new furniture and appliances in an elite residence in the Mahmutlar district

room

1+1

area

55 m²

id

9588

203 500

Spacious one bedroom apartment furnished, located just 900 meters from the sea and 300 meters from the center of Alanya.

room

2+1

area

115 m²

id

9587

143 000

Spacious apartment, furnished and ready to move in, located just 900 meters from the sea and 300 meters from the center of Alanya.

room

1+1

area

70 m²

id

9586

1-room apartment with a balcony and a bathroom, on the 5th floor of a modern residential complex built in 2024. Distance to the sea - 1500 m, to the center - 1000 m. An excellent choice for a comfortable life in Alanya.

room

1+1

area

55 m²

id

9585

192 500

Spacious villa 2+1 (100 m²) in the Cikcilli area, just 400 meters from the sea, in a complex with developed infrastructure

room

Duplex, Penthouse

area

120 m²

id

9584

187 000

Spacious furnished duplex 2+1 with a balcony, high-quality renovation and access to premium infrastructure, just 1000 m from the sea and the center of Alanya.

room

2+1

area

80 m²

id

9583

148 500

Bright furnished 1+1 apartment with a glazed balcony and a pleasant interior, located 1000 m from the sea and the center of the area.

room

1+1

area

55 m²

id

9582

231 000

A bright and cozy 2+1 apartment with two balconies and two bathrooms, located in a complex with green territory, just 900 m from the sea.

room

2+1

area

115 m²

id

9581

88 000

A bright 1+1 apartment of 53 m² with a large balcony and high-quality finishing, located in a modern complex built in 2023.

room

1+1

area

53 m²

id

9580

165 000

Bright and cozy 3+1 apartment with a separate kitchen, two bathrooms and access to the garden - just 1000 m from the sea and 200 m from the center of Oba.

room

3+1

area

160 m²

id

9579

137 500

Stylish furnished duplex 2+1 with two balconies and high-quality finishing, in a 2023 complex just 1300 m from the sea.

room

2+1, Duplex, Penthouse

area

115 m²

id

9578

A cozy 2+1 apartment of 125 m² with two bathrooms and a spacious balcony, located just 350 meters from the sea and 200 meters from the center of the area.

room

2+1

area

125 m²

id

9577

110 000

Spacious furnished 2+1 apartment with two balconies, storage room and separate kitchen - just 400 m from the sea and 200 m from the center.

room

2+1

area

125 m²

id

9576

113 500

Apartment 2+1 with two balconies, separate kitchen and laminate in the rooms, in a complex with a swimming pool and sauna, only 550 m from the sea.

room

2+1

area

120 m²

id

9575

Bright 1+1 apartment with a convenient layout and high-quality finishing in a 2023 complex, just 600 m from the sea and 350 m from the center.

room

1+1

area

49 m²

id

9574

91 500

Cozy 2+1 apartment of 90 m² with a balcony, furniture and functional layout, just 200 m from the sea and the center of the area.

room

2+1

area

90 m²

id

9573

126 500

Bright 2+1 duplex of 110 m² with three balconies and panoramic views of the sea and mountains, just 300 meters from the beach.

room

2+1, Duplex, Penthouse

area

110 m²

id

9572

97 000

Furnished 1+1 apartment with a balcony, pleasant interior and panoramic views of the sea, mountains and the complex, just 700 m from the beach.

room

1+1

area

55 m²

id

9571

104 500

Furnished 1+1 apartment of 75 m² with a balcony and a view of the sea and the fortress, located just 700 meters from the beach and 350 meters from the center of the area.

room

1+1

area

75 m²

id

9570

102 500

Spacious 1+1 apartment with furniture and a balcony, 70 m², located just 1000 m from the sea and just two minutes from the Alanyum shopping center.

room

1+1

area

70 m²

id

9569

See more

Stages of buying real estate with cryptocurrency

Buying an apartment with cryptocurrency in Turkey is quite simple. By and large, the procedure is no different from purchasing a home with fiat money. The main difference is that before the TAPU is reissued, the investor needs to send tokens to the account of a real estate agency, which will exchange them for national currency.

Let's take a closer look at the stages of purchasing housing in Turkey using electronic money:

Selecting an object

The housing market of the Republic of Turkey offers investors from abroad a huge selection of properties with any characteristics. Among the presented options, each buyer will be able to choose the one most suitable for their investment goals and budget.

Negotiations on the terms of the purchase and sale transaction and method of payment

If you purchase real estate with the support of a real estate company, it is not at all necessary to inform the seller about the use of virtual money for payment. The thing is that in the end the seller will receive real currency in his hands, since the real estate agency will convert the crypto using its crypto wallet.

Payment with cryptocurrency

After the buyer communicates his desire to purchase an apartment in Turkey for bitcoins or other cryptocurrencies, agency employees will request documents to identify the client. Once the data has been confirmed, you will be able to transfer tokens from your crypto wallet to the company’s crypto wallet on one of the popular international digital Internet platforms.

Note: most often in Turkey, when carrying out a purchase and sale transaction, the following types of crypt are used in the following percentage ratio:

  • Bitcoin — 60%;
  • USDT/USDC — 20%;
  • Ethereum — 10%.

Money exchange

As soon as the funds fall into the account, agency staff will convert the transferred virtual currency units into fiat money in accordance with the market price. The date of the procedure and the exchange rate are agreed upon with the buyer in advance.

Receipt of real money by the seller and re-registration of TAPU

After all financial transactions have been completed and the seller has received the agreed amount for the object, the procedure for issuing a certificate of ownership for the new owner begins. On the appointed day, both parties to the transaction, together with a translator and a representative of the real estate company, meet at the Cadastral Chamber, where the signing of the main documents and the re-registration of TAPU takes place. After receiving a Turkish title, you become the full owner of Turkish real estate.

Real estate in Turkey for cryptocurrency

Pros and cons of buying real estate in Turkey with crypto

Buying a home in Turkey with cryptocurrency has a number of advantages and features.

Advantages:

  1. Protection of funds from devaluation if the financial market collapses. Over the years, real estate has remained one of the most reliable assets. At the same time, the rate of tokens does not depend on political and financial crises in countries and is not tied to fluctuations in world currencies.
  2. Simplicity and speed of operation. A purchase and sale transaction does not imply the transfer of funds from one bank to another, which means the procedure goes very quickly. In addition, when purchasing Turkish apartments for crypto, the buyer will need fewer documents than in a regular transaction.
  3. The ability to easily withdraw the required amount abroad. Electronic money — a decentralized currency, that is, it is not controlled by anyone. Therefore, owners of virtual wallets can credit and transfer any amount necessary to purchase property abroad, in contrast to customs restrictions when crossing the border with cash or bureaucratic delays when transferring funds through a bank.
  4. High confidentiality. The parties to the transaction remain hidden from banking institutions and government control authorities, since the cryptocurrency market is completely independent.
  5. Cost minimization. The interest rate for the transfer and conversion of funds is minimal compared to traditional SWIFT transfers.

Disadvantages of purchasing real estate in Turkey with crypto:

  1. High volatility. Investors should also take into account the fact that the exchange rate of Bitcoin and other cryptocurrencies, despite the rapid growth in popularity, is quite unstable. It is important to approach the purchase procedure wisely so as not to pay more for an apartment than you planned.
  2. Search for a seller. Not all private sellers are yet ready to sell their property for tokens. Nevertheless, more and more real estate agencies provide their services to everyone who wants to buy apartments for cryptocurrency, and the number of such companies is increasing.

If you want to purchase an apartment in Turkey for electronic money, contact the Point Property agency. We follow all modern trends in the world market and give our clients the opportunity to use electronic money to purchase Turkish property.

Examples of real estate in Turkey

125 000

Apartments with new furniture and appliances in an elite residence in the Mahmutlar district

room

1+1

area

55 m²

id

9588

203 500

Spacious one bedroom apartment furnished, located just 900 meters from the sea and 300 meters from the center of Alanya.

room

2+1

area

115 m²

id

9587

143 000

Spacious apartment, furnished and ready to move in, located just 900 meters from the sea and 300 meters from the center of Alanya.

room

1+1

area

70 m²

id

9586

1-room apartment with a balcony and a bathroom, on the 5th floor of a modern residential complex built in 2024. Distance to the sea - 1500 m, to the center - 1000 m. An excellent choice for a comfortable life in Alanya.

room

1+1

area

55 m²

id

9585

192 500

Spacious villa 2+1 (100 m²) in the Cikcilli area, just 400 meters from the sea, in a complex with developed infrastructure

room

Duplex, Penthouse

area

120 m²

id

9584

187 000

Spacious furnished duplex 2+1 with a balcony, high-quality renovation and access to premium infrastructure, just 1000 m from the sea and the center of Alanya.

room

2+1

area

80 m²

id

9583

148 500

Bright furnished 1+1 apartment with a glazed balcony and a pleasant interior, located 1000 m from the sea and the center of the area.

room

1+1

area

55 m²

id

9582

231 000

A bright and cozy 2+1 apartment with two balconies and two bathrooms, located in a complex with green territory, just 900 m from the sea.

room

2+1

area

115 m²

id

9581

88 000

A bright 1+1 apartment of 53 m² with a large balcony and high-quality finishing, located in a modern complex built in 2023.

room

1+1

area

53 m²

id

9580

165 000

Bright and cozy 3+1 apartment with a separate kitchen, two bathrooms and access to the garden - just 1000 m from the sea and 200 m from the center of Oba.

room

3+1

area

160 m²

id

9579

137 500

Stylish furnished duplex 2+1 with two balconies and high-quality finishing, in a 2023 complex just 1300 m from the sea.

room

2+1, Duplex, Penthouse

area

115 m²

id

9578

A cozy 2+1 apartment of 125 m² with two bathrooms and a spacious balcony, located just 350 meters from the sea and 200 meters from the center of the area.

room

2+1

area

125 m²

id

9577

110 000

Spacious furnished 2+1 apartment with two balconies, storage room and separate kitchen - just 400 m from the sea and 200 m from the center.

room

2+1

area

125 m²

id

9576

113 500

Apartment 2+1 with two balconies, separate kitchen and laminate in the rooms, in a complex with a swimming pool and sauna, only 550 m from the sea.

room

2+1

area

120 m²

id

9575

Bright 1+1 apartment with a convenient layout and high-quality finishing in a 2023 complex, just 600 m from the sea and 350 m from the center.

room

1+1

area

49 m²

id

9574

91 500

Cozy 2+1 apartment of 90 m² with a balcony, furniture and functional layout, just 200 m from the sea and the center of the area.

room

2+1

area

90 m²

id

9573

126 500

Bright 2+1 duplex of 110 m² with three balconies and panoramic views of the sea and mountains, just 300 meters from the beach.

room

2+1, Duplex, Penthouse

area

110 m²

id

9572

97 000

Furnished 1+1 apartment with a balcony, pleasant interior and panoramic views of the sea, mountains and the complex, just 700 m from the beach.

room

1+1

area

55 m²

id

9571

104 500

Furnished 1+1 apartment of 75 m² with a balcony and a view of the sea and the fortress, located just 700 meters from the beach and 350 meters from the center of the area.

room

1+1

area

75 m²

id

9570

102 500

Spacious 1+1 apartment with furniture and a balcony, 70 m², located just 1000 m from the sea and just two minutes from the Alanyum shopping center.

room

1+1

area

70 m²

id

9569

See more

These materials have been prepared for informational purposes and are not of a commercial nature.

Point Property — is a certified real estate agency that specializes in providing a full range of real estate services for residential and commercial real estate transactions in Turkey. Our company takes care of all the organizational aspects of a real estate transaction: searching for an object, organizing a sightseeing tour, assistance in collecting documents and checking the legal purity of documentation, support in re-registration of ownership. In addition, we provide our customers with a wide range of after-sales services.

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