Are you hesitant about making a decision about owning real estate in two exceptional destinations? Are you wondering which one suits your needs and aspirations? Below we will help you make the right decision between real estate ownership in Turkey and Dominica and we'll compare each destination's features and benefits of owning property, helping you understand the options available and choose what's best for you.
Advantages of real estate ownership in Turkey :
- Turkey has a diverse landscape that includes the sea, mountains and urban cities.
- Turkey's economy is strong and advanced with great investment opportunities.
- Turkey embraces a rich and diverse cultural heritage.
- Turkey is one of the most popular travel destinations in the world, which enhances the value of commercial real estate.
- It includes prestigious universities and high-quality schools.
- The healthcare system in Turkey is characterized by quality and advanced technology.
- Turkey is witnessing great activity in the real estate market.
- There are many modern and advanced real estate projects.
Real estate in Turkey is a good investment with high growth opportunities.
The return on investment in real estate in Turkey can be rewarding.
- The costs of living and real estate in Turkey are low compared to some other countries.
- Turkey allows foreigners to own real estate easily.
- Property rights and property protection are guaranteed in Turkey.
- Real estate ownership gives the opportunity to obtain a residence visa
Holders of Turkish citizenship can travel to many countries easily.
Real estate investment programs enhance real estate ownership in Turkey
- Turkey provides excellent opportunities to invest in tourist real estate.
- Properties in Turkey can be easily rented to tourists and residents.
- Turkey is considered one of the safest countries in the region.
- The Turkish government provides support and facilities to foreign investors.
- Turkish insurance companies provide excellent services.
- Turkey provides retirement programs for foreign investors.
- Turkey is a popular destination for medical treatment.
- Turkey has a developed transportation system and an excellent transportation network.
- Turkey includes various art galleries and cultural places.
- Turkey offers entertainment opportunities for the whole family.
- It has stunning landscapes and a clean environment.
- Turkey is a meeting place for many cultures and nationalities.
An opportunity to obtain Turkish citizenship by purchasing a property in Turkey worth 400 thousand US dollars
You can obtain a Turkish passport after being granted Turkish citizenship through real estate ownership in Turkey
You can obtain real estate residency in Turkey by purchasing an apartment in Turkey worth 75 thousand US dollars
Benefits of owning real estate in Dominica:
- By purchasing property in Dominica, you can obtain a Dominican passport, allowing you to travel to many countries with ease.
- Dominica offers a Citizenship by Investment program, where investors can obtain Dominican citizenship by investing in real estate.
- Dominica offers excellent real estate investment opportunities with the potential for good financial returns.
- It is considered one of the most beautiful islands in the Caribbean thanks to its stunning natural scenery, including waterfalls, beaches and mountains.
- It provides an encouraging business environment and beneficial tax laws for foreign investors.
- It enjoys political and security stability, which makes it a safe place to invest.
- Dominica opens its doors to foreigners to own real estate easily and conveniently.
- You can enjoy a healthy lifestyle in Dominica thanks to the pleasant weather and natural setting.
Documents required when owning real estate in Turkey:
- Obtaining the tax number is easy and free from the nearest tax administration office in Turkey.
- The passport must be valid and a copy must be submitted translated into Turkish, which must be certified by a Turkish notary public.
- A recognized real estate appraisal report must be submitted.
- A real estate purchase contract certified by a Turkish notary is required.
- A receipt must be submitted proving the conversion of the property value from foreign currency to the Turkish Lira.
- A receipt must be submitted proving the transfer of the property value to the seller’s account in Turkish Lira.
Steps to owning real estate in Turkey:
To begin the real estate ownership process in Turkey with confidence and ease, it is preferable to start by communicating with a reliable real estate consultant or real estate agency with a good reputation and positive customer reviews and these professionals will help you understand real estate ownership law in Turkey and carefully analyze the costs of purchasing a property, from the first step to the end and you will have the opportunity to learn about the current real estate market situation and receive offers that match your needs and purchasing goals.
After selecting the appropriate property, it is reserved to ensure its availability for you and after that, you can conduct a field tour of the property to see its advantages and disadvantages based on the evaluation you will receive.
When you are ready to purchase, the real estate evaluation report is extracted and the purchase contract is concluded with the construction company after reviewing all its clauses and after that, you can sell the foreign currency to the Turkish Central Bank through a banking intermediary and exchange it for Turkish currency and the value of the property in Turkish Lira is then transferred to the seller’s account via the same intermediary bank.
If the property is ready, you will have to book an appointment at the Turkey Land Registry and Land Survey Directorate and the seller and buyer or their agents will go to this directorate to facilitate the real estate ownership transfer transaction and obtain the title deed and if the property is under construction, the buyer will be granted what is known as an “easement title deed” until construction work is completed and the property is delivered.
In conclusion, when it comes to owning real estate in Turkey or Dominica, we must take into account that both of these destinations offer great opportunities for investment and living, as Turkey combines its rich history with a thriving economy, while Dominica offers a charming tropical environment and second passport programs and your choice depends on your personal needs and goals.
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