In recent years, Turkey has become a premium real estate investment destination for Qatari investors, as Turkey offers a range of attractive real estate opportunities and distinctive features for investors from Qatar, which makes the process of buying and owning real estate there attractive and if you are thinking about taking advantage of these opportunities and owning a property in Turkey in 2024, here are important steps you should take into consideration and we will take an overview of the procedures and things to consider when you are a Qatari looking to buy a property in Turkey and we will provide you with the information and guidance necessary to successfully achieve this goal.
What are the steps for Qataris to own real estate in Turkey?
- Before starting the process of searching for a property in Turkey, you should study the Turkish real estate market and the areas that interest you, check prices, popular areas, and your own needs.
- Based on the previous research, choose the property that suits your needs and budget, this could be a residential apartment, villa, or commercial property.
- Examine all legal documents related to the property, including the contract and certificate of ownership, make sure that the property in Turkey does not have any legal assignments or problems.
- After choosing the property, sign the sales contract and purchase agreement, the agreed amount and property-related taxes must be paid.
- Once you pay the amount and complete the legal procedures, the property must be registered in your name with the local land department.
- To reside in Turkey as a property owner, you may need to obtain a visa and residency, check residency requirements for investors in Turkey and apply for residency if necessary.
- If you intend to rent the property, you may need property management services to assist with maintenance, rent collection and other related procedures.
- Turkey offers great investment opportunities in real estate and you may consider selling the property at a profit in the future or renting it out for an investment return.
Read more about the reasons that push foreigners to own real estate in Türkiye
Reasons for Qataris owning real estate in Turkey :
- Turkey offers excellent investment opportunities in real estate thanks to the rise in property values over time.
- Possibility of using the property as a vacation spot or second residence.
- Turkey offers a wide range of properties of different styles and sizes.
- Turkey is located in a strategic place that brings together the continent of Asia and Europe, making it an easy destination to reach.
- Turkey is a distinctive tourist destination, which increases the value of real estate as a tourist destination.
- Turkey is one of the destinations that provides a reasonable cost of life.
- Turkey enjoys political and economic stability.
- The procedures for purchasing real estate in Türkiye are relatively easy and simplified.
- Good reception and treatment by the locals.
- Turkey enjoys a moderate climate throughout the year.
- Turkey includes a large number of international schools and universities.
- An advanced transportation system facilitates movement within and between cities.
- Turkey is considered one of the safe destinations for investment and housing.
- Real estate in Turkey has beautiful architectural designs.
- Easy access to other European countries from Turkey
- Stunning landscapes and beautiful beaches.
- Modern shopping malls and various retail stores.
- Good health care system.
- Positive expectations for the sustainability of the economy and real estate market in Turkey .
Documents required when Qataris own real estate in Turkey:
- A passport valid for at least 6 months, and it must be translated into Turkish and notarized by a notary or notary.
- Personal photos of the seller and buyer.
- Property insurance policy against earthquakes.
- Real estate appraisal report.
- The tax number of the Qatari citizen.
- A receipt proving payment of the real estate tax and registration fees.
- Bank receipts stamped with a live stamp indicating payment for the property.
Conditions for Qataris owning real estate in Turkey:
Qataris owning real estate in Turkey is an attractive destination for many Qataris, as it provides them with this opportunity without any restrictions, unlike some other nationalities that impose some restrictions on them, while some nationalities are prohibited from owning agricultural land, or are allowed to buy real estate in Turkey only for housing and work purposes, the conditions imposed on Qataris are more relaxed and the area of the property to be purchased must only be less than 30 hectares and its percentage must be less than 10% of the area of the administrative region to which the property belongs.
Areas where Qataris own real estate in Turkey:
Istanbul, the wonderful city, is the first and last choice destination for businessmen and investors who seek to direct their capital towards the real estate investment market in Turkey and it is the city that is very popular among Qataris in Turkey, as their ownership rate exceeds that of the rest of the Turkish states and on a related level, Qataris invest in Turkey in a variety of sectors such as food, industry and tourism, which contributes to strengthening economic cooperation between the two countries.
Choose the most appropriate time to own a property in Türkiye and seize the best investment opportunities
Turkish citizenship and real estate residency through Qataris owning real estate in Turkey:
Regarding the conditions for obtaining Turkish citizenship for Qataris, the following conditions must be met:
- The value of the property purchased should not be less than 400 thousand US dollars.
- The Qatari investor must pledge not to sell the property for three years from the date of purchase.
As for the conditions for obtaining real estate residency for Qataris, the following conditions must be met:
- The price of the property should not be less than 75 thousand US dollars in major cities such as Istanbul, and not less than 50 thousand US dollars in smaller Turkish cities.
- The purpose of the property must be residential only and not for other purposes.
Qataris owning real estate in Turkey in 2024 remains an exciting and attractive option and with laws that provide opportunities and benefits to Qatari investors and residents, Qataris can benefit from many opportunities in the thriving Turkish real estate market and whether you are looking for a home to live in or a profitable real estate investment with the aim of obtaining Turkish citizenship and a Turkish passport, Turkey remains an excellent destination worthy of attention and these previous steps are certainly a useful guide to help you embark on the journey of owning real estate in Turkey and benefit from the fruitful investment opportunities offered by this wonderful country.