What drives you to invest in real estate in Turkey?

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What drives you to invest in real estate in Turkey?

Many reasons encourage real estate investment in Turkey, get to know them in detail

What drives you to invest in real estate in Turkey?
06th March 2023
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What drives you  to invest real estate in Turkey? It is one of the most common and frequently asked questions among senior businessmen who do not have any idea about the advantages of real estate ownership in the real estate sector in Turkey, especially since Turkey in recent years has become an observatory for tourists and foreign investors, especially Arabs. It is natural for some to wonder about the motives that encouraged these investors to buy apartments and settle in Turkey. Here are the most important advantages that motivate you to buy Turkish real estate as soon as possible.

 

First, the possibility of obtaining Turkish citizenship

Real estate investment in Turkey is often with the aim of obtaining Turkish citizenship, especially since Turkish citizenship is one of the strongest nationalities around the world. Rather, the Turkish passport has become a dream for every investor because of the possibility of entering more than 100 countries without an entry visa, for this reason the possibility of obtaining citizenship by real estate investment in Turkey is the strongest motive that motivates investors to buy real estate in Turkey.

This goal can be achieved by purchasing a property with a value of at least $400,000, provided that the property is not sold for a minimum of three years.

 Turkish Citizenship

Secondly, low living costs

One of the things that the investor searches for most is countries that provide a decent life at reasonable costs, so the cost of living in Turkey is low and reasonable compared to other European countries.

 

Third, the diversity of the Turkish real estate market

The real estate sector in Turkey is characterized by the fact that it includes a variety of different types of real estate, where you can buy an apartment, a hotel apartment, or a villa, meaning that the many housing options in the real estate investment sector in Turkey is one of the most important motives for real estate investment in Turkey, because it gives the investor the opportunity to diversify his portfolio is among those properties according to his budget and needs.

 

Fourth, the possibility of obtaining real estate residency

Foreign investors flock to invest in the real estate sector in Turkey with the aim of obtaining a real estate residence permit that gives them the freedom to reside and live on Turkish lands officially and legally, especially as real estate residence is one of the best types of residence in Turkey in terms of the possibility and ease of renewal.

It is a residence permit that is granted to a foreign investor who has purchased a property in Turkey with a minimum value of $75,000 in the major states, such as: Istanbul, Izmir, and it is renewed every year throughout the period of ownership of the property. It is also granted to the foreign investor with his entire family, including a wife and children under age 18

 

Fifth, Turkey's mild climate

One of the things that distinguishes Turkey most from others is its mild climate, as the weather in Turkey is moderate throughout the four seasons, in addition to that, the country is characterized by its picturesque beauty, as it is a mixture between the originality of the East and the modernity of the West, which includes many historical buildings with modern skyscrapers.

 

Sixth, reaping huge returns

There is no doubt that every investor is looking forward to reaping huge returns and huge financial profits, so the investor can buy a property in Turkey and rent it during the tourism seasons or resell it, as he will find many customers and customers in front of him at competitive prices that are able to achieve the recovery of his capital in less than 5 years.

 

Seventh, tax incentives

Turkey is known for its low taxes, as the fees imposed on the real estate investment process in Turkey are the lowest in value in the countries known in the global real estate market, and it is one of the most factors that drive investors to buy apartments and real estate in Turkey.

 

Eighth, political stability

It is one of the most important factors that encourage foreign and Arab investors, as Turkey is characterized by its political and economic stability, and the low crime rate, which makes it more hopeful for investors looking to live and settle in Turkey with their families.

 

Tips when investing in real estate in Turkey

Before investing in real estate in Turkey, you must know some instructions and tips that make it easier for you to invest if you are a foreign investor on Turkish lands.

  1. Visit the site of the property to be purchased and verify its suitability for living.
  2. A copy of the property ownership contract must be obtained.
  3. Check that the property is free of mortgage or rent.
  4. Ensure the eligibility of the owner, in terms of having the right to carry out the sale.
  5. Ensure that there is no other owner.
  6. Do not forget to compare the area, specifications and information contained in the title deed with what the property actually looks like.
  7.  

Real estate investment conditions in Turkey

For every investor wishing to invest in real estate in Turkey, the following conditions must be met to ensure the success of the purchase process.

  1. The buyer's nationality should not be one of the nationalities prohibited from real estate ownership in Turkey.
  2. The percentage of the real estate area owned by the foreigner is 30 hectares as a maximum.
  3. The percentage of the real estate area shall be 10% of the area of ​​the administrative region to which the real estate belongs as a maximum.

 

  1. The property to be owned must be in an approved area far from prohibited places that affect strong security or are subject to earthquakes and disasters.

 

Nationalities prohibited from real estate investment in Turkey

According to Turkish real estate laws, some nationalities are excluded from the right to invest in real estate in Turkey, and they are:

  1. Cypriot citizenship.
  2. Syrian Identity.
  3. Armenian nationality.
  4. Cuban nationality.
  5. North Korean nationality.
  6.  

Papers required for real estate investment in Turkey

The following are the most important documents required when investing in real estate on Turkish lands:

  1. Real estate insurance policy against earthquakes.
  2. Tax number.
  3. Real estate appraisal document.
  4. Provide a personal photo of the seller and two photos of the buyer.
  5. A copy of the valid passport, translated and notarized by the notary.
  6. Bank receipts stating the payment of the price of the property.
  7. Proof that the legal record is free from any crime.
  8. Real estate tax payment receipts.

 

In conclusion, after knowing the reasons that encourage you to invest in real estate in Turkey, you can communicate with our specialized advisors to help you buy a property in Turkey in order to obtain Turkish citizenship or real estate residence, visit our website to view the types of real estate in which it is possible to direct your real estate investment In which.




Related articles :

The guide of real estate investment in Turkey 2022
Latest updates on Turkish citizenship and real estate residence
Luxury apartments for sale in Istanbul
How to obtain a Turkish passport?
The journey of looking for apartments for sale in Istanbul
Houses for sale in Turkey in installments
Villas for sale in Istanbul
Best offers for apartments for sale in Turkey 2022
How to obtain Turkish citizenship by real estate investment?
Steps to buying an apartment in Istanbul
Tourist Residency and Real Estate Residency in Turkey
The best real estate investment areas in Istanbul
#Binaa_investment    #real_estate   #Turkish_citizenship
#Istanbul_apartments    #real_estate_investment

 

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