Real estate investment in Turkey is one of the most important types of investments at all, although Turkey is a stable and suitable environment for establishing any type of investment due to the many ingredients that it has that help its success, through this article the editorial team at Right Way Real Estate will present you with a detailed report about a lot of information related to real estate investment in Turkey, such as the conditions that must be met and what advantages can be obtained through it.
We wish you an enjoyable read.
Is real estate investment in Turkey difficult?
Many people and investors around the world believe that there are some difficulties that will face the investor who wants to invest in real estate in Turkey. Is this accurate? What can be answered here is that the Turkish government provided a lot of facilities for those wishing to buy real estate in Turkey and removed many of the arbitrary conditions imposed by the governments of European countries, and this is the main reason that made it the first destination for real estate investment in the world and according to an international classification, it ranked fourth.
But what should be mentioned is that there are some few items that must be adhered to when buying real estate in Turkey as stipulated by the Turkish Constitution, namely:
-A foreigner in Turkey cannot own more than 30 hectares in various parts of it, and he will not be granted a ownership license in an area where the property of foreigners has reached more than 10% of its total area, and the foreigner must not hold one of the nationalities that are prohibited from buying a property in Turkey, such as Syria - Armenia - Cuba - Greek Cyprus - North Korea, and finally, it is not possible for a foreigner to buy an apartment in Turkey within an area security or military.
Important information about real estate investment:
If you want to enter the world of real estate investment in Turkey, there is a lot of information and details that you must know and take into account, here are the details:
1 - Work freely without restrictions:
After various foreigners were allowed to buy real estate in Turkey, the Turkish government canceled with it many of the conditions that it had imposed, most notably, the foreigner now has the right to work in many different sectors without restrictions while preserving some professions that are still prohibited from working in them until today, such as: pharmacy, veterinary medicine, customs clearance, law and others, but once he is naturalized, all professions in both the public and private sectors will be available to him.
2 - Take advantage of Turkish rights:
Whoever lives on Turkish land will enjoy many of the advantages that are granted to the Turkish citizen, such as the possibility of benefiting from public services and entertaining facilities such as schools - universities - hospitals - health centers and others.
3- Transferring money to other countries:
The foreigner in Turkey will not be bound by the necessity of keeping his money in Turkey, but can transfer whatever he wants to his country or to any other country. Among the set of facilities provided by the Turkish government to foreigners in Turkey is to give them complete freedom to dispose of their money whether they want to keep it in Turkey or not or transfer it or otherwise.
Advantages of real estate investment in Turkey:
First: The first advantage that drives many capitalists to buy real estate in Turkey to invest in is that this type of investment cannot be a loser for several reasons, including:
-People's need for real estate, whatever its kind, cannot be cut off.
-Real estate maintains its value for a long time.
-Like other investments, it is not affected by the surrounding conditions.
-Real estate prices in Turkey are constantly increasing.
Second: Real estate investment is a way to obtain real estate residency, which is one of the most important types of residency in Turkey at all, as it can be obtained quickly and renewed annually. As for the conditions that must be met for the property to be suitable for applying for it:
-Its price should not be less than 75,000 US dollars.
-That the property is intended for housing.
-Not to be in a security or military area.
Third: According to reports issued by the official authorities, more than 40% of those who buy real estate in Turkey aim to obtain Turkish citizenship, which is one of the most important nationalities in the world because of the uncountable advantages that can be obtained through it, as the holder becomes like any Turkish citizen in terms of rights, duties and access to a life of luxury.
Fourth: The Turkish government did not hesitate to provide all the privileges that the foreign investor usually seeks, and the most important of them are:
- Tax deductions and exemption from paying taxes in many cases.
-Ease of procedures to complete the purchase of real estate in Turkey.
-Allowing him to buy any type of real estate he wants without any restrictions or controls.
Fifth: The importance of the Turkish economy and its unprecedented recovery, which it achieved and through which it surpassed many countries of the world such as Europe and others, cannot be overlooked.
Sixth: The great real estate diversity witnessed by the Turkish state, and this made it suitable for different tastes and budgets without exception.
Seventh: The returns that can be obtained through real estate investment are very high, especially in the tourist seasons, given the high population density in Turkey.
In the context of talking about the advantages of real estate investment in Turkey, do not forget that the modern and advanced infrastructure that you own has had a positive impact on the real estate sector, as it contributed to the rise in prices, especially those close to it.
Stay tuned to our website and get more details about the real estate market in Turkey and to find answers to your various questions and inquiries.
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