Since the beginning of this year, the number of foreigners in Turkey coming to it in order to buy a property has increased significantly, especially after Turkey announced its control over the Corona pandemic and the return of normal life to its first course. As a result of Turkey's many advantages and important components, it was the choice of many foreign investors to buy real estate. But who are the holders of these nationalities? Why was Turkey their choice over other countries in the world? Let us introduce everything related to this topic to you through the following article.
The most foreign nationalities owning real estate in Turkey 2021:
Iranians:
Iranian nationals topped the list of foreigners who most wanted to buy real estate in Turkey, and they outperformed Iraqis by only a small difference. But what prompted the Iranians to choose Turkish citizenship over other nationalities in the world?
- The Iranian state has recently witnessed great economic fluctuation and deterioration at the political level, which made them look for a safe place for their investments, especially with the comprehensive stability that Turkey is witnessing in its various sectors and fields.
- The cost of living in Turkey is cheap and appropriate, and it is easy in contrast to life in Iran, where prices are high and life is difficult.
- There is a clear cultural affinity between Turkish and Iranian society, which makes the citizen not find it difficult to integrate with Turkish society.
- The possibility of obtaining real estate residence permits by purchasing a property in Turkey, which is considered one of the most important residences in Turkey, as it is easy to obtain and the possibility of renewal.
Iraqis:
In second place, Iraqi nationals ranked the most foreign nationalities owning real estate in Turkey this year. Iraq has maintained its presence in the first positions for nearly five years and until now for many reasons, the most prominent of which are:
- The Turkish state is witnessing deteriorating conditions at the political and economic levels, in addition to the high cost of living and volatile conditions.
- The geographical location occupied by Turkey, close to Iraq, played an important role in being their choice, as they would be able to move from and to it very easily.
- These are many of the common details that exist between Turkey and Iraq, the most prominent of which are the customs, traditions, culture and the Islamic religion.
- Affordable and modest real estate prices make it an option for many, as this is not available in other countries such as the European Union or the United States of America.
- Desire to obtain Turkish citizenship by searching for a property that matches the conditions for obtaining it (the price should be two hundred and fifty thousand US dollars + the obligation not to sell it before the lapse of three years from the date of its purchase).
Russians:
Russians ranked third among foreigners who are most interested in owning real estate in Turkey, but what are the main reasons that prompted them to take this step?
- The Russians have been deeply impressed by the beauty and charm of nature in Turkey, and it has always been their first undisputed tourist destination, especially with Turkey's distinct historical edifices.
- Traveling to Turkey is possible and very easy, as Turkey opens its doors to all world tourists.
- The Russian investor found that Turkey is a fertile ground for building a successful and distinguished real estate investment edifice, especially residential and hotel apartments, based on the strength of its economy, its recovery and its political stability.
- Obtaining the privileges obtained when buying a property in Turkey, most notably Turkish citizenship.
- They preserved the climate that Turkey enjoys, as it is moderate throughout the year, unlike the very cold weather that Russia enjoys.
Afghans:
The holders of Afghan citizenship were among the list of most foreigners who own real estate in Turkey, as a result of the advantages they found in Turkey, unlike the conditions in Afghanistan.
- Turkey, in general, is witnessing stability on more than one level, motivating Afghanistan to choose it over other countries of the world, especially in light of what they are suffering from a major deterioration.
- There is proximity in the geographical location between the two countries, in addition to the cultural and civilizational proximity.
- The Afghans pointed out to Turkey the support it provides to foreigners and the many facilities it offers when buying real estate, such as tax reduction and ease of ownership procedures.
Germans:
- First, there is a long and common history between the Turkish and German states that encouraged the Germans to make Turkey a destination for them to buy real estate.
- Turkey is a distinct tourist destination with its natural and historical components.
- Real estate prices in Turkey are reasonable and cheap when compared with real estate prices in Germany.
- Real estate in Turkey is a unique opportunity to be a distinctive and profitable real estate investment.
The choice of all holders of these nationalities, the Turkish state, to buy real estate was not an absurd choice, but rather the result of a full awareness of the many privileges Turkey offers them. There are also many other nationalities that have chosen Turkish real estate in light of all the urban excellence recorded by the real estate sector, but what was mentioned is the most purchased.
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