Egyptians own real estate in Turkey

Turkey is considered among the most attractive real estate destinations in the world, and the real estate market in Turkey has witnessed in recent years a significant increase in the number of foreign investors who want to buy real estate in it, and among these Arab investors who make up a large proportion of buyers, including Egyptians who are looking for New investment opportunities in the Turkish real estate market.

In this article, we will talk about the advantages of owning real estate in the lands of the Republic of Turkey, and we will review the mechanism for purchasing real estate and the procedures that must be followed to purchase a property in a legal and correct way, and we will also discuss some tips and instructions that must be taken into account when investing in Turkish real estate.

Advantages of Egyptians owning real estate in Turkey 

Real estate in Turkey has many advantages for Egyptians, as follows:

1. The value of Turkish real estate is reasonable compared to many other countries, which makes it an attractive option for investment.
2. The real estate aspect in Turkey enjoys a lot of legal protection, and the real estate ownership law in Turkey enjoys a high level of protection.
3. Turkey enjoys a strategic geographical location, and is considered a gateway to Europe and Asia, which means that many international markets can be easily reached.
4. The country is characterized by the presence of a wide range of ready-made real estate projects, which represent a good investment opportunity for Egyptians.
5. Egyptians can easily obtain long-term residency or Turkish citizenship by purchasing a property worth $400,000 or more.
6. Turkey offers many beautiful regions where they can enjoy their holidays.
7. The country includes many local and international schools and universities that work to provide an educational system with the best technologies and the latest methods.
8. It includes a variety of local hospitals, pharmacies and clinics that provide the best services with excellent medical staff.
9. Turkey is characterized by the existence of a wide network of various types of transportation, including: dolmus, metrobus, ferries and other transportation.
10. The Turkish real estate market is characterized by diversity, as it includes various types of real estate, including: duplexes, triplexes, townhouses, hotels, studios, and villas.
11. The opportunity to obtain a Turkish passport after obtaining Turkish citizenship, enjoying the rights of a Turkish citizen, ease of travel and movement to various parts of the world, and entry to more than 100 countries.
12. Benefit from the tax incentives offered by the Turkish government in support of foreign investors wishing to start their real estate investment in Turkey.
13. The country is characterized by the presence of the largest infrastructure projects, such as: the new Istanbul Airport, the new Istanbul Canal, and the highway.
14. Obtaining huge financial returns and amazing profits when buying and renting an apartment during the summer seasons, especially since Turkey is a popular tourist destination.
15. Low cost of living in Turkey compared to well-known European countries.
16. The convergence of customs and traditions between the Turkish people and the Egyptian people, which makes you feel that you are in your country of origin.
17. The Turkish economy is characterized by growth and prosperity, which makes you reassured about your real estate investment.
18. The country is one of the politically and economically stable countries, where Turkey enjoys security and safety.
19. The possibility of obtaining a real estate residency by purchasing a property worth $75,000, provided that the property is not sold for a period of 3 years.

The mechanism of buying real estate in Turkey 

There are several steps that must be followed to buy real estate in Turkey , as follows:

1. The buyer must have a Turkey Tax ID number, which is obtained from the local tax office.
2. Opening a bank account in Turkey, in order to transfer money for the purchase of real estate.
3. Searching for suitable properties for him, in cooperation with real estate agencies or by searching on the Internet.
4. Examine the property to be purchased, in cooperation with a local architect or expert in the field.
5. After agreeing on the terms of the sale, the buyer and seller must sign the sales contract, and this procedure must take place in the presence of a lawyer.
6. The buyer must register the property in the Land Registry at the local real estate office.
7. Pay the agreed value of the property, by bank transfer.

Documents for purchasing real estate in Turkey

Egyptians must bring with them the required documents when buying a property in Turkey, which are:

1. A valid passport.
2. Tax Number.
3. Real estate insurance policy against earthquakes.
4. Real estate appraisal report.
5. Bank receipts stating the payment of the property price.
6. Personal photos of the seller and buyer.
7. Documentation and translation of all papers.

Tips for Egyptians before buying real estate in Turkey

There are some tips and guidelines that you should consider before purchasing, including:

1. You have to do the necessary research and verify the developer company and the real estate broker involved in the deal. You must ensure the reputation of the company and the broker and verify their licenses and their commercial and tax records.
2. Choose the appropriate location for the property you want to buy, and ensure the quality of the neighborhood and services available in the area surrounding the property.
3. Review the prices available for real estate in the area and compare them with the prices of other real estate in the neighboring areas, and the expected return must be considered when renting the property.
4. Take a look at the laws and regulations related to the purchase of Turkish real estate and check all taxes and fees that must be paid.
5. It is recommended to contact a lawyer specialized in real estate law in Turkey, as the lawyer can provide you with the necessary information and ensure the integrity of the legal process.
6. Ensure the availability of an interpreter or a person who speaks Turkish well to assist in communication with developers and real estate brokers.
7. Ensure the agreed method of payment and verify available guarantees in case of non-receipt

Can Egyptians own all types of real estate in Turkey?

Egyptians can buy real estate intended for housing or business, however, agricultural real estate is an exception as Egyptians can only buy it by establishing a commercial company and buying the property in the name of the company as an independent entity.

Do you advise the Egyptians to buy real estate in Turkey?

It is not possible to give a general yes or no answer to this question, as it depends on several factors such as: the financial and investment goals of the buyer, the economic and political situation in Turkey, and the attractiveness of the real estate market in the desired area and in general, Turkey is one of the promising emerging real estate markets, as foreign investors are increasingly interested in it, and it is characterized by reasonable prices and good returns.

common questions

What is the suitable area for Egyptians in Turkey?

The best area for Egyptians in Turkey is Istanbul and the regions of Esenyurt and Şirinevler.

Can Egyptians obtain Turkish citizenship by buying a property?

Of course, Egyptians can obtain Turkish citizenship by purchasing a property worth $400,000.

Is real estate investment in Türkiye a right decision?

Turkey has witnessed tremendous growth in the real estate sector in recent years, so real estate investment in Turkey is an irreplaceable golden opportunity.

The idea of ​​buying real estate in Turkeyhas become popular among those interested in obtaining an ideal opportunity for housing or investment and take advantage of the appropriate real estate investment options in Istanbul to obtain a high return by communicating with our real estate consultants.

Do not forget that investing inreal estate in Turkey is only a way to gain Turkish citizenship orreal estate residencepermit that allows you to stay in the country legally and then acquire many of the privileges that a Turkish citizen gets.

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