Buying real estate in Turkey is an idea that many investors aspire to exploit to achieve all their desires to gain profitable financial returns and enjoy the advantages of owning within the country.
Factors that motivate investors to buy real estate in Turkey:
Statistics in Turkey recorded a significant increase in the proportion of real estate sales by foreigners, and there is no doubt that this demand has many reasons, the most important of which will be presented to you through the following:
First - Turkey's strategic location:
Turkey is famous for its distinguished location on the world map, as it connects the continent of Asia and Europe through the ancient city of Istanbul, which is divided into Asian and European parts, and Turkey overlooks several seas such as the Black Sea, the Aegean and the Mediterranean Sea, in addition to containing the famous Bosphorus Strait, which boosted navigation in the country, which made Turkey topping the lists of the global economy because of what this strategic location provided of many commercial, industrial and exchange possibilities that led to the rise of the Turkish economy and its advancement to the highest international ranks, and this is exactly what encouraged local and foreign investors and entrepreneurs to buy real estate in Turkey and open many real estate investments are becoming more and more growing every year from the next.
Second - Desire to obtain Turkish citizenship:
Many investors and entrepreneurs turn to real estate ownership in Turkey to obtain Turkish citizenship, which is a dream for them, but to obtain it, the price of the property must have reached 400,000 US dollars as a minimum, and the owner of the property must be a Turkish person, and he is not entitled to sell it until the passing of three years.
Third - Desire to obtain real estate residency in Turkey:
There are a large number of investors who run businesses in Turkey and need to travel to it permanently and reside on its lands. These may struggle to obtain residency in Turkey. Therefore, when buying a property in Turkey, you will directly obtain a real estate residency provided that the property price has reached 75 thousand US dollars, in developed cities, and 50 thousand US dollars in remote cities, regardless of the size of the property, its view, its decor, and the like.
Fourth - Development and prosperity in real estate:
Turkey has recently witnessed a remarkable development in the field of real estate, not only in the main cities, but extended to include most of its cities, specifically of a tourist nature. You can find different types of apartments with spaces and designs to suit all tastes, and there are many luxury villas and residential complexes that are admired by a large group of investors.
Fifthly - Tax reduction in Turkey:
The decision to reduce taxes in Turkey is one of a series of decisions related to the real estate sector and has been positively reflected in motivating foreign investors to buy a property in Turkey, which has contributed to reviving the real estate market in general, and one of the most important of these reductions is the exemption of the foreign buyer from the value added tax positive on the property.
Ideas that come to the minds of the investor in real estate in Turkey:
There are some ideas that dominate the minds of foreign and Arab investors as well, whose content is that he can preserve capital in any sudden economic change, in addition to his guarantee of making amazing profits while buying real estate in Turkey during the periods of prosperity he enjoys, as these two ideas significantly complete each other and therefore somewhat difficult to achieve, because it may cause a loss of capital and consequently not reaping reasonable profits, and the solution to this problem is complemented by buying real estate in Turkey, which is the safe haven in which your money is deposited and you are completely assured that it will not be affected by short-term crises, and the increasing importance of buying real estate in Turkey for certain reasons, including what concerns the investors themselves and their options, and the importance of Turkey for them, including what is related to official Turkish directives and government policy based on attracting foreign investments.
Tips for foreigners when buying real estate in Turkey:
Being a foreign investor, you have to avoid some things in order not to make a mistake during the buying process, so investors should pay attention to the following:
First: Make sure you have a real estate appraisal report:
A law was issued by the General Directorate of Land Registry and Real Estate Records of the Ministry of Environment and Cities in the Republic of Turkey, which stipulates the necessity of having a real estate appraisal report from the date of its issuance, as it is no longer limited to investors who apply for Turkish citizenship only, but has become one of the most important papers needed by foreign in buying and selling real estate in Turkey.
Second: Seeing the real seller of the property:
It is one of the most important tips, as you have to make sure of the real estate owner and see him also in reality, by going to the real estate department and checking the information included in the title deed, is it identical with the information in the real estate records or not?
Third: Verify the type of property allocation:
You have to go to the municipality to ascertain the main purpose of establishing the property, for example, but not limited to, if the property is a residential unit, is it actually located within the housing units and is intended for residence in it? Or for other things that fit this property?
This is because there are some properties that are being built to turn them into shops, after which it is possible to turn them back into a residential property, as part of procedures that you must check well in order to avoid falling into obstacles.
Fourth: Consulting a real estate expert before buying:
When you buy the property, you will pay huge sums, so before going into the buying process, you should consult a real estate expert who will give you investment tips that protect you from falling into trouble, in addition to that, he also helps you check the validity of all procedures, documents and legal documents, and inevitably help you to choose the right property that fulfill your desires.
Fifth: Ensure that the data matches:
It is absolutely necessary to pay attention to this point, which is to make sure that the sold property is the same that is offered to the buyer. Verification is done by locating the property in detail. You can also obtain a copy from a website through the Real Estate Department, to make sure that the sold property is the same property that was presented to the buyer.
Sixth: Check the type of property title deed:
It is possible that there may be similarities between the types of title deeds used in the procedures for buying and selling real estate, to mention but not limited to real estate under construction whose title deed is temporary. In this case, it must be ensured that there are no obstacles that would hinder the transfer of the right of temporary ownership of the real estate
Buying real estate in Turkey has become one of the goals of foreign investors, as it has many ingredients for successful real estate investment, from infrastructure to competitive prices.
Why invest in real estate in Turkey through Zoom Real Estate?
-We have a close relationship with the most important and luxurious residential complex construction companies in Turkey.
-A wide range of apartments for sale in Istanbul and various types of properties in Antalya that suits all budgets.
-Many years of experience in the Turkish real estate market
-Protecting you from real estate fraud.
-A wide variety of residential real estate, shops, villas with sea views, suitable for investment.
-We help you get the best real estate prices in Turkey.
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