Many groups choose to buy real estate in Turkey, and holders of Syrian citizenship are among the most important, but according to Turkish law, are Syrians allowed to own real estate in Turkey, or are there restrictions imposed?
Foreigners can own real estate in Turkey, but the process is not so simple for Turkish citizens and there are some additional steps that must be taken so that they can own property that must be followed.
The first step is to obtain a residence permit as this can be done by applying for a work permit, student visa or other visa and once you have obtained one, you can then apply for a residence permit.
The second step is to open a bank account in Turkey and this is necessary to transfer funds for the purchase of your property.
The third and final step is to actually buy the property and this can be done through a real estate agent or directly from the owner and once the purchase is complete, you will need to register the title deed at the Land Registry office.
The Syrian civil war has displaced millions of people, many of whom have fled to Turkey. The Turkish government has been generous in its response, but it has also imposed some restrictions on Syrians buying real estate.
There are several reasons for this. First of all, the Turkish government wants to make sure that Syrians do not use their property purchases as a means to launder money or finance terrorist activities and secondly, they want to make sure that Syrians do not overburden the already tense Turkish real estate market and finally, they want to dissuade Syrians from stability permanent residents in Turkey and instead encourage them to return home once the conflict in Syria is resolved.
These are all valid concerns, and while they may bother some Syrians who just want to buy a home for their families, it is important to remember that the Turkish government is trying to protect its citizens as well as Syrian refugees.
One of the main reasons for the ban is also the confiscation of Turkish property in Hatay in 1939 AD, as a result of which Turkey prevented Syrians from owning property in Turkey. Although the agreement is old, it is still in force today.
At the present time, there is no evidence that holders of Syrian citizenship can own real estate in Turkey, but what you should know is that the laws are not fixed and are subject to change and fluctuation, and at any time this can become available.
There are many opinions on this subject, the most important of which is the one who said yes, Syrians should be allowed to buy real estate in Turkey in the future. The Syrian civil war created a large number of refugees, many of whom settled in Turkey.
Allowing Syrians to buy real estate would give them a stake in the country and help them integrate into society and would also be a source of income for the Turkish government.
Steps required to buy real estate in Turkey :
The real estate market in Turkey has been booming in recent years, with foreigners buying property in the country for personal and investment purposes.
If you are considering buying a property in Turkey, there are some documents you will need to do so and here is a quick overview of what you need to know:
- You will need a valid passport in order to purchase a property in Turkey and make sure that your passport is up-to-date and will remain valid for at least six months after the date of purchase.
- All individuals who want to buy a property in Turkey must obtain a tax number from one of the tax departments. This number is used for tax purposes and in conducting official transactions and will be required when applying for a real estate loan or any other type of loan.
- Once you have your tax number, you can apply for a registration certificate from the Land Registry Office. This certificate is required to complete the purchase.
- You can apply for this at the Turkish embassy or consulate in your country, or at the Ministry of Interior after your arrival in Turkey.
- In order to buy a property in Turkey, you will need to open a bank account in the country and this is necessary so that you can make the necessary payments for the purchase and make sure to bring your passport and proof of address when opening an account.
- You will need to prove income in order to buy a property in Turkey and this is primarily so that the bank can assess your ability to make mortgage payments, if applicable.
- The Turkish government continues to invest in the country's infrastructure, making it an increasingly attractive destination for both tourists and investors.
- The Turkish economy is one of the fastest growing in the world, and the real estate market is expected to continue to grow with it.
- From its stunning coastlines to its historical cities, and there is so much to explore in Turkey, it is no wonder that it has become one of the most popular tourist destinations in recent years.
- Turkey offers great value for money, especially when compared to other European countries and you can get many advantages for your money in terms of property prices and rental rates.
- Turkish culture is a unique blend of East and West, and its people are known for their hospitality and this makes it a great place to live and invest.
- Turkey has a large young population, and it is expected to grow more in the coming years and this means that there will be an increasing demand for real estate.
Tell our consultants now all the specifications that you would like to have in your apartment or property in Turkey so that you will find many important options in your hands to choose what suits you, and you will also get with us many tips, advice and recommendations that lead you to the right choice without having to spend a lot of effort and time.
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