Do you want to get a guaranteed double profit return? Then you can go to thereal estate investment market in Turkey, where the amazing success of investment projects in real estate in Turkey of all kinds, our article today deals with many ways to buy real estate in Turkey.
TheTurkish real estate market has many advantages that make it an ideal option for pumping capital for investors and this is what made the demand for buying real estate in Turkey increasing day by day, and the following is a list of the most important advantages of real estate investment in Turkey:
-Turkey is a country with a very special strategic location, as it connects the two continents of Europe and Asia, which means that Turkish real estate has a very important and distinguished investment value.
-Turkey's climate is moderate and suitable throughout the year, and this is one of the most important advantages of owning a property in Turkey.
-The possibility of obtaining Turkish citizenship by buying a property in Turkey is the most important factor that drives investors to this sector.
-The possibility of obtaining real estate residency in Turkey through real estate investment, this residency is the best residency in Turkey, and is the reason why the Turkish real estate market topped the sales.
-The Turkish state has a very developed and modern infrastructure, and it is constantly being strengthened to keep pace with the infrastructure in European countries.
-Theprice of real estate in Turkey is convenient and cheap when compared to real estate in Europe and the Arab Gulf countries.
-The Turkish real estate market is characterized by the many real estate patterns and investment opportunities available, meaning that there are all forms and types of real estate as villas, apartments, commercial offices, shops and others, which gives you the opportunity to choose the right property according to your investment goals.
-The most important characteristic of the real estate investment market in Turkey is the high and good profit return on an annual or monthly basis, and this is what all investors aspire to.
-The Turkish economy is strong and stable, which means that buying real estate in Turkey is a long-term investment project, and this is one of the most important goals of successful investment of all kinds.
-Living in Turkey is generally considered cheap and suitable for people with low or medium incomes, so investing in real estate in Turkey is suitable for stability and housing.
-Turkey is a world-class tourist country, where thousands of tourists flock to it every year, and this ensures that there is a tenant or buyer who always wants your property.
-The possibility of obtaining a Turkish passport, which is one of the most powerful passports around the world.
-The Turkish state is characterized by progress and prosperity in various health and educational fields, meaning that in Turkey you will find hospitals, medical centers and educational institutions of international quality and distinction, which means that it is a suitable place for stability and housing.
-The huge and international projects such as the New Istanbul Water Canal and the New Istanbul Third Airport, added a high investment value to all real estate in Turkey.
-The convergence of the customs and traditions of Turkish society with Arab societies in terms of religion and other things is an incomparable advantage for many, and this has led to an increase in the interest of Arab investors to buy real estate in Turkey.
-The engineering designs of real estate in Turkey are of international quality, which makes it an ideal purchase option.
There are many ways to buy real estate in Turkey in general, but there are specific steps that you must take to enter the world of Turkish real estate investment and gain profits in this successful sector, and the following is a detailed explanation of how to buy real estate in Turkey:
Before taking an important step such as buying real estate in Turkey, you must determine the financial budget that you have, because determining what you have of money will help a lot in determining the itinerary of searching for a property in Turkey, and will save you a lot of time, effort and research.
Before any step, you must determine the purpose and goal of entering the real estate investment sector in Turkey. Why buy a property? Is it for residential or commercial purposes? as each of them has a different path from the other in the search for real estate, and this is as follows:
If you aim to reside and live in Turkey, you will choose a suitable city or state for that, in terms of low living and the presence of schools, universities, hospitals and all that you and your family need, and also your own taste will be taken into account in the property as it will be your home.
If your goal is to rent the property and benefit from a profit return on a monthly or annual basis, you should choose a property in a tourist city with a high demand, or that enjoy all the service and recreational facilities that the residents may need, and this is to ensure that there is a buyer or tenant who wants your property.
Is your goal to set up a business in Turkey? Certainly, it is an ideal idea to gain profit from a successful business, but you must take into account the location of the property in the appropriate place for the goal, that is, it is in a commercial area that is densely populated, in order to ensure the opportunity for the success of your desired business.
After you have determined your purpose of buying a property in Turkey, you should now use and communicate with a trusted and reliable real estate company with a good reputation, credibility and transparency, so that your real estate expert or company can offer all types of real estate that meet your needs and goals and according to your proposed budget.
Now that the real estate company has offered you all the real estate available for sale that suits your future goals, you have to inspect these properties and see them in kind, in order to determine whether the specifications of the property are really appropriate or not, and to verify for yourself the exact geographical location of the property, the area and the design.
Now we are in the stage of the sale and purchase contract, after you have chosen your desired property, you have to negotiate its price with the seller, and here is the role of your real estate company, to reach the best price, and then sign the sale and purchase contract. Here, it is worth noting the need to carefully and accurately review all clauses of the contract in detail.
Here, we have reached the last stage of the journey of buying a property in Turkey, which is to prepare all the documents required to complete the purchase of the property and then go to the Land Registry Department or the Land Registry to complete the transfer of ownership to you.
These papers include the following:
-A passport valid for a period of no less than six months, and it must be translated into Turkish, and notarized by a notary.
-One personal photo of the seller and two photos of the buyer.
-Property insurance policy against earthquakes.
-Your tax number, and here it should be noted the importance of the tax number, as it is the official personal identity of the foreign investor in Turkey, and no financial transactions can be completed in Turkey without the tax number, and this document can be extracted from the tax department within a few minutes and could be extracted online easily.
-The real estate appraisal report, which is extracted by a company licensed by the Turkish government, and it is a document stating the real property value, including all the details of the property.
-Bank receipts stating that the property price has been paid in full.
The most important characteristic of real estate investment in Turkey is the remarkable success of this sector, but there are several criteria that must be taken into account in order to ensure the success of your real estate investment project in Turkey, and these criteria and tips can be summarized as follows:
You have to take into account the presence of the property in an area suitable for the purpose of the investment, so that it is in a place where all service and entertainment facilities are available, such as hospitals, medical centers and educational institutions, in addition to the importance of having luxury restaurants, cafes, clubs and everything the residents need.
When you buy real estate in Turkey, you must take into account that the property is characterized by all types of public transportation around it, such as public buses, metro buses and metro lines, as this will increase the value of the investment property.
It must be taken into account that the property is modern and has a wonderful modern engineering design, and is not very old or dilapidated, so as not to be surprised by large costs for the restoration and maintenance of the property in order for it to be ready for real estate investment in all its forms.
Of course, the prices of real estate units and their investment value vary according to their area and the view of their balconies, for example, the prices of real estate and apartments with a stunning sea view or that overlook a unique natural green space.
As for the space, it is preferable to choose properties with a medium and small area, as it is very popular for those very spacious spaces, which are suitable for a family with a large number of members.
We are talking here about a large-scale sector of real estate, which includes all the needs of customers and investors, and the following is a list of those styles:
It is the traditional style of real estate in Turkey, which is divided into two parts:
-Apartments in residential complexes, and these apartments are somewhat high in price, because the residential complexes in Turkey have all the basic and recreational services inside, and the provision of these services increases the value of the apartments and real estate units within the residential complex.
-Separate residential apartments, which are apartments located in separate buildings from each other, and they are characterized by a lower price compared to the real estate units in the residential complexes, but it is not necessary to have all the service and recreational facilities such as those modern residential complexes.
It is the luxurious style of real estate in Turkey, and it has wide popularity and preference among foreign and Arab investors.
Villas in Turkey are divided into three different types:
-Ordinary villas, which are luxury and sophisticated villas, usually with a large and spacious area, and they have a private garden or a private pool, and they are preferred by many investors because their price is somewhat appropriate.
-Tourist villas, which are the unconventional type of villas, where they are predominantly touristic, and often have a distinctive sea view of the Marmara Sea, for example, or the world-famous Bosphorus Strait, such as Istanbul's luxury tourist villas, and these villas have a large audience of lovers, but their prices rise Relative to ordinary villas.
-Palaces, which are the style that is the preserve of the rich, businessmen and celebrities, they are Turkish palaces of luxury that the majority of investors cannot pay for.
Here we are talking about real estate, its most important characteristic is its presence within famous commercial areas, and this is because its main objective is trade and projects, not housing.
Do you want to acquire a nationality from the most powerful nationalities around the world? So you should seriously think about buying a property in Turkey, because this successful investment is your way to acquire Turkish citizenship, and this is through specific conditions, namely:
-To buy a property or several properties in Turkey with a minimum value of 400,000 US dollars.
-You must undertake not to sell the property for a minimum period of three years.
Turkish citizenship has recently become one of the most powerful nationalities in the world, and this is due to its advantages and elements that make foreign and Arab investors want to acquire it.
Here is a list of the most important advantages of obtaining Turkish citizenship by buying real estate in Turkey:
-Enjoying all the rights of the Turkish citizen, such as education in Turkish schools and universities, and treatment within the advanced Turkish health system, as there are now hospitals and medical centers in Turkey comparable to the largest and most modern hospitals in Europe.
-Enjoy living in a developed country and a luxurious tourist, who among us does not want a tourist stay throughout the year? This dream can be achieved by buying real estate in Turkey and obtaining Turkish citizenship.
-Obtaining a Turkish passport, and this passport, which has become one of the most powerful passports in the world, is your magic gateway to travel between all parts of the world, as it gives you a golden opportunity to enter more than a hundred countries around the world without a visa, and you can enter a number of countries via a immediate entry visa at the airport, in addition to some countries that you can travel to via an electronic visa.
-Enjoy the retirement programs for Turkish citizens.
-The possibility of buying many real estate without restrictions, as you are now a Turkish citizen and not a foreigner, and therefore you can buy whatever real estate you want without the need for real estate investment laws for foreigners.
Real estate residency in Turkey has become the preferred residency for foreign and Arab investors, and this is because it has the following advantages:
-The real estate residency is renewed annually, that is, you can easily renew it for the duration of owning the property in Turkey, which is not available in other types of residencies.
-By obtaining real estate residency, you can enjoy most of the rights of a Turkish citizen, in terms of treatment in advanced Turkish hospitals, and education in Turkish educational institutions that offer high-level educational programs.
-Real estate residency is granted to the property owner and his family, including a wife and children under the age of 18.
-By obtaining real estate residency in Turkey, you can roam freely inside and outside the Turkish states without any restrictions or conditions.
Of course, there are criteria that must be met to obtain real estate residency in Turkey, which are as follows:
-Buying a house or real estate in Turkey, provided that the price of the property is not less than 75,000 US dollars in major states such as the Turkish city of Istanbul and the Turkish capital Ankara, and the price of the property is not less than 50 thousand US dollars in the smaller Turkish states.
-Completing the documents required to obtain a real estate residency and refer them to the concerned authorities.
At the conclusion of our article, we have explained to you the advantages of real estate investment in Turkey, and we have explained in detail all the necessary information about the many ways to buy real estate in Turkey, and how to enter the world of Turkish real estate investment and obtain abundant profits.
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