Great facilities for buying real estate in Turkey
The Turkish government has provided a lot of facilities for those wishing to buy real estate in Turkey, and this is one of the most important reasons and motives that encourage foreigners to own property in it. What are the most famous of these facilities and why real estate in Turkey without other developed countries such as Europe or America?
Some information related to the Turkish real estate sector, get to know in this article.
Many facilities when buying real estate in Turkey:
The Turkish government has taken several measures to facilitate the process of buying real estate for foreigners. In particular, the government has worked to reduce taxes on real estate purchase, as well as providing various services that make it easier for foreigners to buy real estate in Turkey. As a result of these efforts, the demand for real estate among foreigners has increased significantly.
This has made Istanbul one of the most attractive cities in Turkey for real estate investment, and the Turkish government has also established a new service to facilitate the process of buying a property from abroad, that is, via the Internet without having to spend a lot of effort, time and fatigue. Also, buying real estate online means saving a lot of money because you will be shortened Travel and transportation costs, etc.
The conditions of ownership in Turkey are conditions set by the Turkish government for the Turks, and this is in contrast to many European countries that were keen to set many harsh conditions that are difficult to deal with.
Among the many facilities provided by the Turkish government to those wishing to purchase real estate on its land is the possibility of obtaining real estate residence, which is one of the most important types of residence at all, as well as obtaining Turkish citizenship in exchange for buying a property worth at least 400 thousand US dollars. In this context, we must point out That in an earlier period the amount requested was one million dollars.
Reasons to encourage real estate ownership in Turkey:
There is a wide range of incentives that push a foreigner to buy and own real estate in Turkey, which are:
- The Turkish economy has been growing steadily over the past few years and is not showing any signs of slowing down and this makes it a great time to invest in Turkish real estate.
- Despite the strong economy, real estate prices in Turkey are still relatively reasonable and this means that you will be able to get more benefits for your money when you buy Turkish real estate.
- From luxury apartments to beachfront villas, there is a huge range of properties available in Turkey and this means that you will be able to find the perfect property to suit your needs and budget.
- Turkey has always been a desirable destination for real estate investment, and due to its many advantages, one of the most important of these advantages is the low taxes imposed on real estate transactions. In addition, Turkey offers investors the opportunity to obtain citizenship through real estate investment, as mentioned above.
- The cost of living in Turkey is relatively low, especially when compared to other developed countries.
- Real estate in Turkey is very affordable, especially when compared to real estate in other popular investment countries such as the United States or the United Kingdom.
- There are many opportunities for rental income and capital appreciation in Turkey.
- Turkey offers a great quality of life, with beautiful Mediterranean beaches, a rich culture and history, and friendly locals.
Important notes when owning real estate in Turkey:
No matter how great the facilities provided by the Turkish government to foreigners buying real estate, this does not negate the need to see a lot of advice, recommendations and observations made by experts and specialists in this regard, the most important of which are:
1 - When it comes to real estate investment, location is always important in Turkey, as you will find that prices vary greatly depending on the city or town you are investing in. For example, Istanbul is the most expensive city in Turkey in terms of real estate, while Antalya is quite affordable Larger.
2- The real estate purchase note must be notarized by a public notary in Turkey, it must be registered at the local land registry office and it is important to have a lawyer present during the documentation process, as they can help ensure that all required information is included in the document.
3 - Once you register the real estate purchase notice, you will become the legal owner of the property and you will then need to obtain a Turkish residence permit, which will allow you to live in Turkey for up to one year and after that you can apply for Turkish citizenship if it matches the conditions for applying to it.
4- Make sure the property is free of any issues or pending issues and once you have done your due diligence in this regard, you can then start negotiating a fair price for the property.
5- It is important to be aware of the different specifications and characteristics of the property before making any purchase.
Will the Turkish real estate sector continue to grow?
The real estate sector in Turkey is expected to have a bright and prosperous future and this is due to the country’s strong economy and convenient location. The office sector is particularly strong, as the demand for high-quality office space outstrips supply in many major cities. Istanbul is the most popular destination for office investment and is expected to continue Turkey's real estate sector will grow in the future, making it an attractive investment destination.
Apartments in Turkey are most in demand..why?
There are many factors that contribute to this, but the most important of them is the quality of construction. Turkish apartments are famous for their high-quality construction, which is why they are very popular among investors and another factor that makes apartments in that country very popular is the fact that they are located in some of the most beautiful areas in the country and this It means that buyers can enjoy stunning scenery and great lifestyle.
Advantages of real estate investment in Turkey through TamamLama Group Real Estate Company:
- We have intimate knowledge of the real estate market in Istanbul and can help you find the perfect property that suit your needs and budget.
- We offer a full range of services, from helping you find the right property to managing the purchase process and even providing post-purchase support.
- We have helped hundreds of clients find suitable properties to obtain Turkish citizenship and real estate residence in Turkey.
- We have a wide range of the finest villas for sale in Istanbul.
- We make the process of buying an apartment in Turkey easy and convenient, and we take care of all procedures
If you are wondering about the best time to buy real estate in Turkey, you should know that the current time is the most ideal option at all because the prices are still somewhat appropriate and the supply is large and parallel to the volume of demand, but this will not last long as it is expected to rise in the future due to the large and continuous demand and according to the high population density in the country.
