Privileges of real estate ownership in Turkey 2021

After the Turkish government allowed foreigners to own real estate in Turkey, the influx of foreigners has become large, especially in light of Turkey's rapid growth in all its sectors and fields, especially real estate. Many people considered Turkey an opportunity to get an exemplary property that matches international standards. In order to be aware of everything related to this matter, we will accompany you through the following article to learn about all its dimensions.

The most important advantages of real estate ownership in Turkey:

Geographical location:

Turkey's geographical location plays an important and major role in distinguishing the idea of buying a property, as Turkey is mediating three of the world's continents and overlooks the most important seas. In this context, we must mention that it is close to the Arab world, and this is what made it a destination that Arabs flock to, especially since there are many commonalities that exist between the two societies at the cultural, social and religious levels.

Distinguished Economy:

Turkey has a developed economy that occupies an advanced global rank, as it was ranked among the first 13 economies, and thus has surpassed many of the economies of developed countries. It has proven its strength this year by overcoming the obstacles imposed by the epidemic crisis. According to many specialists, by the end of this year, it is expected to record a growth of up to ten percent.

Sophisticated Infrastructure:

Turkey is characterized as having a modern and developed infrastructure in all fields, especially in transportation, as it has an integrated and developed transportation network. This is in addition to highways and tunnels that shorten the time and reduce the distances between Turkish cities, states and regions. Moreover, the Turkish government is working on further development in this field. Turkey has a wide variety of health centers and hospitals in both the public and private sectors. Moreover, Istanbul has the largest, largest and most modern hospital in Europe (Başakşehir Medical City). Based on all its medical components, Turkey has become a destination for medical tourism, especially as it has many sulfur baths for natural healing, as they contain sulfur elements that help in treating many diseases. On the educational level, Turkey is one of the most important countries in the world in this field. It has a large number of distinguished private and public universities that grant its students degrees recognized in most countries, making it the choice of many students around the world.

Real estate residence:

One of the most prominent advantages of buying a property in Turkey is obtaining real estate residence through it, which in turn is considered one of the most important and powerful residences, through which it is possible to move between the Turkish states completely freely. It is also not restricted to the property owner only, but will be obtained by all family members within specific laws, the most important of which is that the children must not be over the age of eighteen. The real estate residence is characterized by the fact that it is very easy to obtain this in addition to the possibility of renewal.

Turkish Citizenship:

According to the Turkish Constitution, foreigners have the right to obtain Turkish citizenship by purchasing real estate, by making the property price a minimum of two hundred and fifty thousand US dollars, with a pledge not to sell it before three years have passed from the date of its purchase. According to official bodies, more than 36% of those who bought real estate in the past year 2020 AD aimed to obtain Turkish citizenship.

Suitable real estate prices:

Real estate prices in Turkey are suitable and cheap and correspond to different budgets. In this regard, Turkey's real estate is superior to many countries of the world, especially the European Union and the United States of America, with large differences that may sometimes reach fifty percent. The distinguished prices are associated with modernity and luxury, as they conform to international quality standards for building and construction, and are designed to be earthquake-resistant.

Real estate in Turkey is a distinguished investment opportunity:

Real estate in Turkey is suitable for real estate investment, based on the nature of the country's tourism, as Turkey receives large numbers of people every year. In the current year 2021, during the first nine months only, the number exceeded 17 million. As a result of the increased demand for real estate in Turkey, this year it witnessed a clear increase in its prices, and according to specialists, it is expected to record a further increase in the coming days, allowing more room for profitable returns.

A foreigner gets many facilities when buying a property in Turkey, most notably tax cuts and easy steps that lead to the completion of the ownership process. Real estate can be invested in Turkey in several ways, the most prominent of which is renting it and obtaining a monthly return, or reselling it and benefiting from the price difference.

A lot of advantages can be obtained when buying a property in Turkey. For a distinguished property, do not abandon the presence of a real estate agency with experience and knowledge in the real estate field to lead you towards the option you are looking for at the best prices.

Why buy real estate in Turkey?

When we talk about the importance of buying and owning real estate in Turkey, we refer to a number of reasons at the same time, and it is never limited to one or two reasons only, but rather a group of reasons that have combined with each other.
In addition to the above, we have other motives that may make you take a quick decision to invest in real estate in Turkey and buy real estate in that country, the most important of which are:
-The many facilities that the government puts in front of the investors.
-Tax cuts that eased the burden a lot on the investor.
-Exemption from the value added tax for those who wish to own property in Turkey.
-Ease of real estate ownership procedures in Turkey.
- Availability of real estate, meaning that you will not wait long to find the right option for you and your goals.

Steps to buy a property in Turkey:

If you want to buy a property or an apartment in Turkey, you should follow some important tips and guidelines that help you choose the most suitable property for you and your goals.
-Search between regions for the most suitable option for you.
-Monitor your budget.
-Asking for help from an experienced real estate agent with extensive knowledge of everything related to the Turkish real estate market.
-Verify the legal status of the property.
-Preparing the necessary papers and documents.
-Completion of the sale process in an official department (Tabu Department).