Questions to Ask Yourself Before Retiring in Türkiye
Retirement is a significant life milestone, bringing with it many crucial decisions: When is the right time to retire? How much money should you have saved? Will you continue working or volunteering? How can you stay active and engaged? The location you choose for retirement plays a major role in shaping your answers to these questions. Many retirees are now considering moving abroad, and Türkiye has become an increasingly popular destination for expatriates.
Whether you dream of relaxing by the beach, exploring rich historical sites, or enjoying a more affordable lifestyle, Türkiye offers an attractive range of opportunities. With a favorable exchange rate, lower cost of living, and a welcoming environment, retiring in Türkiye allows you to maximize your retirement budget. At Ayan Real Estate, we are dedicated to helping our clients make informed decisions. This guide will explore the key factors to consider when planning your retirement in Türkiye in 2025.
Best Places to Retire in Türkiye
Istanbul
As Türkiye’s largest city and cultural hub, Istanbul offers retirees a unique blend of history, modernity, and convenience. With world-class healthcare, diverse entertainment options, and an efficient public transportation system, Istanbul is ideal for those who want an active retirement. The city also provides a variety of housing options, from waterfront apartments along the Bosphorus to quiet neighborhoods on the Asian side.
Antalya
Situated on Türkiye’s stunning southern coast, Antalya is a top choice for retirees. It offers a vibrant mix of city life and beachside relaxation, along with a well-established expat community. Unlike smaller resort towns that slow down in winter, Antalya provides year-round amenities and activities.
Ankara
As Türkiye’s capital, Ankara is an excellent choice for retirees seeking a balance between city life and tranquility. The city boasts top-tier healthcare facilities, cultural landmarks, and a lower cost of living compared to Istanbul. Ankara’s efficient public transport system and modern amenities make it an attractive option for retirees looking for convenience and comfort.
Trabzon
Located on Türkiye’s Black Sea coast, Trabzon is an appealing destination for retirees who prefer cooler climates and lush green landscapes. The city is known for its rich history, scenic views, and fresh seafood. With a lower cost of living and a slower-paced lifestyle, Trabzon is ideal for those who enjoy a peaceful and natural setting.
Mersin
Mersin, a coastal city on Türkiye’s Mediterranean coast, is a great option for retirees who want a relaxed and affordable seaside lifestyle. With beautiful beaches, a mild climate, and modern infrastructure, Mersin provides an excellent quality of life. The city also has a growing expat community, making it easier for newcomers to settle in.
Kalkan
For retirees seeking a luxurious yet tranquil lifestyle, Kalkan is an excellent choice. Located on the western edge of Antalya Province, Kalkan is smaller than Antalya but has a vibrant year-round community. This makes it ideal for those looking to make social connections while enjoying the beauty of the Turkish Riviera.
Fethiye
Fethiye is another popular retirement destination, known for its breathtaking scenery and relaxed atmosphere. The city offers a great mix of affordability, convenience, and entertainment. Popular residential areas like Hisarönü, Ovacik, and Çaliş provide a balance of peace and accessibility. Additionally, Fethiye’s proximity to Dalaman Airport makes travel easy.
Should You Buy Property or Rent in Türkiye?
One of the first decisions to make is whether to buy property or rent. Purchasing a home in Türkiye can be a smart financial move, particularly if you plan to stay long-term. Owning a home eliminates rental costs and can also serve as a valuable investment. Türkiye’s real estate market continues to grow, making it an appealing option for buyers seeking financial security.
Buying property in advance ensures your home is ready when you retire, eliminating housing expenses from your retirement budget. Since housing is often one of the largest costs for retirees, purchasing property early can simplify your financial planning. Additionally, homeownership can help with integration into Turkish society, making the transition smoother and fostering a greater sense of belonging.
Some retirees choose to rent before buying to get a feel for different locations. However, delaying your commitment may slow your transition and make settling in more challenging. If you’re confident about retiring in Türkiye, investing in a home early on allows you to embrace the lifestyle fully.
Do You Need a Turkish Residency to Retire in Türkiye?
Türkiye does not offer a specific retirement visa, but obtaining a residence permit is a straightforward process. Retirees should apply for a residence permit within one month of arriving in the country. Applications are submitted through the Turkish Ministry of Interior’s online system, followed by an in-person appointment at the local immigration office.
Short-term residence permits are usually issued for two-year periods. After living in Türkiye continuously for eight years with a valid residence permit, you can apply for a long-term residence permit. To qualify, you must demonstrate sufficient financial resources. While requirements vary, a general guideline is to have savings equivalent to at least the monthly minimum wage in Türkiye.
For those seeking permanent residency with additional benefits, the Turkish Citizenship by Investment Program offers an expedited pathway. By investing a minimum of $400,000 in real estate, you can obtain Turkish citizenship within a few months. Türkiye permits dual and multiple citizenships, allowing you to retain your original nationality.
Healthcare in Türkiye for Retirees
Türkiye has a well-developed healthcare system that is both high-quality and affordable. Residents under 65 are required to have either public or private health insurance. Expats who have lived in Türkiye for over a year under a residence permit can enroll in the state-run Sosyal Güvenlik Kurumu (SGK) health insurance system.
SGK provides coverage at state hospitals, though many retirees opt for private health insurance for access to private hospitals. Retirees over 65 are eligible for public health coverage without needing private insurance. Compared to Western countries, healthcare costs in Türkiye are significantly lower while maintaining excellent medical standards.
What Is the Cost of Living in Türkiye?
One of the biggest advantages of retiring in Türkiye is its low cost of living. Compared to many European and North American countries, expenses such as groceries, utilities, and transportation are significantly cheaper. Retirees can enjoy a comfortable lifestyle without stretching their budgets. Additionally, property taxes are relatively low.
Why Choose Türkiye for Retirement?
Türkiye offers an exceptional combination of rich history, beautiful landscapes, and a welcoming culture. The country fosters a strong sense of community while maintaining a lower cost of living than many Western nations. Whether you prefer a vibrant city, a coastal retreat, or a peaceful countryside home, Türkiye has an ideal retirement destination to match your needs.
If you’re considering retiring in Türkiye and need expert guidance on finding the perfect property, Ayan Real Estate is here to assist you. We specialize in identifying investment-worthy homes that provide both comfortable living and financial benefits. Contact us today to explore the best real estate opportunities for your retirement in Türkiye.
If you’re ready to embark on a new journey of exploration and investment in Turkey, don’t hesitate to contact our team of experienced real estate professionals. Reach out today for more information and personalized support to achieve your investment objectives with Ayan Real Estate.
