The main objective of buying real estate in Turkey
In your opinion, what are the main reasons that encourage buying real estate in Turkey? According to the studies presented in this regard, the demand for real estate ownership in that country is on a noticeable and clear increase and may be unprecedented.
Take a look with us in this article for some details related to buying real estate in Turkey, we hope to answer your various questions.
Table of Contents
Why would you buy real estate in Turkey?
In fact, those interested in the real estate market in Turkey have many goals that they seek to achieve through this step, and the most important of them are:
1 - permanent residence and stability:
One of the main reasons that push foreigners to own real estate in Turkey and not in other countries of the world is that it is a wonderful opportunity to live and permanent stability. There are many details that encourage taking such a step, the most important of which are:
The process is fairly simple and free from the complications imposed by European countries.
- You do not need to be a Turkish citizen to buy a property.
- There are some restrictions on foreign ownership of the property.
- You will need to obtain a residence permit if you plan to live in Turkey permanently.
- The cost of living in Turkey is very reasonable.
- Healthcare in Turkey is excellent and affordable.
- Education in Turkey is good and affordable.
- The climate in Turkey is ideal for life all year round.
- Turkish cuisine is delicious and varied.
2 - Entering the world of real estate investment:
Turkey has a very attractive investment climate for real estate investors, offering a number of advantages such as:
- Stable political environment.
- Fast growing economy.
- Strategic location between Europe and Asia.
- A large and young population.
- Modern tourist seasons.
- Favorable Tax System for foreign investors real estate prices in Turkey have risen significantly in recent years, making it an attractive market for both local and foreign investors.
- The Turkish government has also introduced a number of incentives to encourage investment in the real estate sector and as a result of these factors, Turkey is becoming an increasingly popular destination for second homes, holiday homes and investment properties.
3 - To spend the holidays:
-You can stay at home during vacations and holidays.
- This will save you money on hotel accommodation costs.
- You can rent out your property when it is not in use and it will generate income that can offset the cost of the property.
- You can sell the property at any time and make a profit.
4 - To obtain Turkish citizenship:
Turkey offers a fast-track citizenship program for foreigners who buy real estate in the country with a minimum investment of $400,000 USD, the process takes about six months and the benefits of Turkish citizenship include the ability to live and work in Turkey and travel visa-free to more than 90 countries. Turkish citizens also have access to free healthcare and education.
Steps to buying real estate in Turkey:
Before you start looking for a property in Turkey, it is important that you do your research and field tours after you have determined what you are looking for. Are you looking for a holiday home, investment property or a place to live? What type of property are you looking for? And where do you want to buy in Turkey?
- Once you know what type of property you are looking for, it is time to put your finances in order and you will need to have a clear idea of how much money you have available to spend on the property and it is also a good idea to get pre-approved for a mortgage if you are planning to take out a loan to finance the purchase.
There are many different types of real estate available in Turkey, from apartments and villas to land and commercial properties and with so many different options available, it can be difficult to know where to start your search so you should work with a reputable real estate agent who will be helpful.
Should I buy a property in Turkey at the moment?
There are a number of reasons to consider buying property in Turkey right now. The Turkish economy is strong and growing, which means that the demand for real estate is high and prices are high. Turkey also offers a great lifestyle, with beautiful weather, stunning views and friendly people.
The real estate sector in Turkey is one of the most promising and most profitable sectors in the country. It has been growing rapidly in recent years. This trend is expected to continue in the coming years and the sector has attracted a lot of foreign investment, there are many new projects being developed in different parts of the country and the government is supporting the sector by offering various incentives and tax exemptions as the future of the real estate sector in Turkey looks very bright and is expected to continue to grow at a rapid pace.
Notes when buying real estate in Turkey:
Turkey has become one of the most popular countries for foreigners to buy real estate in recent years and it is not hard to see why. However, buying real estate in Turkey is not without challenges. Here are some things to consider when making the move:
- The process of buying real estate in Turkey can be complicated and time consuming and it is important that you have a good understanding of the process before you start.
- There are restrictions on who can buy real estate in Turkey as only foreigners are allowed to buy real estate within certain designated areas.
- In order to buy a property in Turkey, you will need to obtain a residence permit from the Turkish government and this permit is valid for one year and must be renewed every year.
- You will need to open a bank account in Turkey in order to buy a property in Turkey.
If you are looking for a real estate expert in Turkey, we are a full-service real estate company that specializes in helping our clients buy and sell real estate in Turkey and we have a team of experienced real estate agents who are familiar with the Turkish real estate market and can help you find the perfect property that meets your needs.
We also have a network of contacts in the Turkish government and the financial sector, allowing us to provide our clients with updated information about the latest changes in the market and in addition to our knowledge of the Turkish real estate market, we also offer a wide range of services to our clients, including:
- Properties Management.
- financial planning.
- Legal assistance.
- Tax planning.
- Assistance in obtaining a visa.
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 in real estate in Turkeyis only a way to gainTurkish citizenshipor real 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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