Buying real estate in Turkey with the guarantee of the Turkish government is not an emerging idea today, but rather it is one of the most common topics among foreign and Arab investors who are looking to invest in real estate in the real estate sector in Turkey, especially after knowing the many advantages that they will enjoy by resorting to this method, through our article, we will tell you about the advantages and advantages of buying real estate with a government guarantee on Turkish lands, continue reading to learn more.
What is meant by buying real estate in Turkey with a government guarantee?
This means that the project was established by a government institution and reliably managed by the municipalities, in addition to that, the land of the project is owned by the Turkish government, as the government guarantee on the property makes you feel safe before buying the property, as you will deal with the government directly without the need to confront some real estate companies as everything will be clear about the property and details.
In addition, every property in Turkey, with the guarantee of the Turkish government, is distinguished by the quality of construction, with strong design, as well as security and sound and safe legal procedures, in addition, the Turkish government supports the construction area by providing it with public facilities and services needed by every investor looking to invest in real estate in Turkey.
Advantages of buying real estate in Turkey with government guarantee:
There is no doubt that buying real estate in Turkey with a government guarantee has several advantages, most notably:
- Not to cheat in the interior and exterior finishes of the property, which makes you feel reassured about buying a property in Turkey.
- Mostly, government projects are provided with special services that the state builds, such as: hospitals, medical centers, mosques, schools, and recreational sports clubs.
- Combining the finest construction properties in the public and private sectors.
- The reliability of the construction and the integrity of the legal procedures, which means the quality of the construction is one of the best.
- There is security from any potential risks in delivery and authorization.
- Ensuring the delivery of the property with the required or agreed upon specifications.
- Most government projects are established in vital and privileged areas, which guarantees that you can buy a property in a privileged location.
- Most of the properties are elegant and modern in interior and exterior engineering design.
- The prices of government projects are well studied in the market, but they usually create a balance in the private real estate market when the exchange rate falls.
Is it recommended to buy real estate in Turkey with government guarantee?
The following are the most important points that motivate you to buy a property in Turkey with a government guarantee, which shows you the importance of buying real estate in Turkey, continue reading.
- Buying real estate with the guarantee of the Turkish government means that the cash payments from the price of the property will not be transferred to the engineering companies until after the completion of the entire housing project.
- The financial payments made by the buyers are transferred to the real estate companies in installments until the completion of the payment of the price of the property.
- Initial payments can be made from the real estate price to government bank accounts, and this gives a sense of security and confidence by the foreign investor.
- Protecting the residential real estate project from risks such as bankruptcy.
- The Turkish government is following up the marketing plan for real estate resulting from the real estate project well away from brokerage and to avoid falling into cases of real estate fraud.
Areas providing real estate in Turkey for sale:
There are many areas in which it is possible to buy real estate in Turkey with government guarantees or others so let's get to know these areas through the following paragraphs.
Buying a property in Bahcesehir:
Buying a property in Bahcesehir is one of the most popular options among those wishing to invest in real estate in Turkey as the strategic location of the region prompted officials to race against time to provide it with all the necessary projects and facilities, especially transportation, in addition, the area is located between the two airports of Ataturk, which will turn into the third largest beach park in the world, which will be called "People's Park", and the new Istanbul Airport was an important factor for the construction of the subway line.
Buying a property in Safakoy:
Safakoy is located in the European section of Istanbul, in the Kucukcekmece district, along the E5 highway, in addition, most of the municipality's government offices have the Land Registry Land Registry Center, the governorate office, as well as the security offices, as they are considered very important, in addition to that they are located near the center of Istanbul, which increases their great importance for the real estate built in them.
Turkish citizenship by buying a property in Turkey:
Real estate investment in Turkey is one of the most common ways among foreign investors wishing to obtain Turkish citizenship by purchasing a property in Turkey according to the following conditions:
- The investor should purchase a property in Turkey with a minimum value of $400,000.
- A pledge not to sell the property for a period of three years after its purchase.
- The real estate area shall not exceed more than 10% of the area in which it is located.
- There are no obstacles to buying the property and registering it in the municipality in order to obtain a title deed.
- The investor's nationality should not be one of the nationalities that are prohibited from real estate investment on Turkish lands, and they are: Syrian, Armenian, North Korean, and Cuban.
- The property to be purchased should not be located in areas where real estate investment is prohibited.
The papers necessary to obtain Turkish citizenship:
The following are the documents required when applying for Turkish citizenship by purchasing a property in Turkey:
- A valid, translated and notarized passport of the investor, as well as family passports must be presented.
- Bring the "No Judgment" document, which is a document for the investor and is issued in Turkey.
- Submit biometric personal photos with a white background, provided that they are not more than 6 months old.
- Submit the title deed or title deed of the property.
- Bring the birth certificates of the investor and his family.
- Submit a copy of the marriage contract "family record, if any".
Buying real estate in Turkey with the guarantee of the Turkish government can become a reality by communicating with our specialized consultants to help you buy an apartment in Turkey in order to obtain Turkish citizenship and enjoy the rights of a Turkish citizen, in addition, you can visit our website to find out more information related to real estate investment in Turkey.
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