Buying homes in Turkey for Algerians

Created: 2021-12-01
Last Updated: 2024-04-18
Views: 2680

Content Index

What prompted Algerians to buy homes in Turkey:
Buying homes in Turkey for real estate investment:
Are all prices in Turkey low?
Turkish State Plan 2023
The role of banks in Vision 2023 to raise the level of real estate investment in Turkey
Have real estate prices in Turkey been affected by the Corona pandemic?
Advantages of residing in Turkey

There are many foreign nationalities coming to buy and own real estate in Turkey as a result of all the advantages and benefits it offers to the owners of these properties. Algerian nationality is among the most popular nationalities to buy homes in Turkey, but what are the reasons that prompted them to take this step? What are the catalysts found in Turkey but not found in other countries? All about the details of this topic can be found out in the following article.

What prompted Algerians to buy homes in Turkey:

Turkey's booming economy:

Turkey is characterized by a revitalized and developed economy that has been able to achieve qualitative leaps in recent years, and this year was the most dynamic in the world. It is also expected to register by the end of this year a growth of up to ten percent, especially with the influx of foreign investments that are put into the Turkish arena with billions of US dollars Which is headed by the United Arab Emirates, and the investors of European countries directed their links towards Turkey as well.
It is worth noting that the country, which enjoys a booming economy, indicates that there is development and modernity in various sectors and regulations, and the transformation of real estate into a safe portfolio in which the funds are increasing.

Distinguished geographical location:

Turkey occupies a unique geographical position as it is in the middle of the world on the one hand, and on the other hand, this location has given it the right to supervise the world's most important seas, in addition to being located within two continents.
Turkey's geographical location is characterized by being close to the Arab world in particular, which made it the choice of many Arab countries' investors for ease of movement from and to it, and this location also gives the investor a chance to link his business between East and West.

Real estate residence:

By buying houses in Turkey, Algerians can apply for real estate residence permits, which are the most important types of residence permits in Turkey, as it allows its holder to move between Turkish states with complete comfort and can be renewed.
All family members obtain real estate residency, not only the property owner, and it gives its holder many services that the Turkish citizen obtains, such as medical and educational services.

By buying homes in Turkey, Turkish citizenship can be obtained:

If the house has a material value of up to two hundred and fifty thousand US dollars or more, Turkish citizenship can be obtained according to it, according to the provisions of the Turkish constitution after the amount that he likes to be available for the price of the house is one million dollars, and the commitment must be made not to sell the house Three years before the date of its purchase.

Real estate appraisal document:

The real estate appraisal document is a safety instrument for the investor as it proves the price of the property accurately and avoids the buyer from being a victim of real estate fraud.

House prices in Turkey are suitable and cheap:

House prices in Turkey are cheap and competitive for many countries of the world. They are of high quality and have been built according to the highest international quality standards. They are resistant to earthquakes and natural disasters, as well as sound and heat insulation.
It is worth noting that the real estate sector in Turkey is witnessing a great diversity, most notably the residential complexes, which are an imprint of modernity and sophistication in the real estate scene in Turkey.

The Turkish government provides many incentives:

The Turkish government did not hesitate to offer everything it could to foreigners wishing to buy homes on its land, and this easily represented the procedures required to be taken as well as tax cuts.

Common culture and religion:

Holders of Algerian nationality were encouraged to choose Turkey to search for homes for sale, because there is a common culture between them and many customs and traditions in addition to the Islamic religion, which indicates the ease of merging the two societies together, and the Algerian will find himself in front of a different lifestyle dominated by diverse culture and surprising harmony as he can Make unique friends.

Low cost of living:

The cost of living in Turkey is low and appropriate, and this is what prompted many Algerians to choose Turkey for residence, as it is the integrated life with low costs and high luxury.

Buying homes in Turkey for real estate investment:

A large group of Algerian nationals are targeting homes in Turkey for real estate investment in order to obtain huge returns, as they increase especially in the tourist seasons, in addition to all the flexible laws that make real estate investment in Turkey number one in the world.
Algerians are among the list of foreigners wishing to buy homes in Turkey as a result of the many privileges this country offers and incentives that encourage taking this step, as Turkey is a name among the first names in the world as a result of all the ingredients it has.

Are all prices in Turkey low?

The answer to this question is, of course, no, because if we touched on reality , we find that the prices of real estate vary greatly, as Istanbul has the Bosphorus Palaces, which is one of the most expensive palaces in the world, the price of one of these palaces reached 155 million US dollars.

If we take a look at Yalikavak, which is located in the Bodrum Peninsula, we will find that the average selling price of the high-end villa is 4 million US $ , and this venue hosts Saudi princes, wealthy people around the world and big businessmen.

But the above does not mean that there are no cheap houses for sale in Turkey. Next we will mention comprehensive information about cheap houses in Turkey, and the reasons that make the purchase of real estate in Turkey a trump card for any investor.

Turkish State Plan 2023

About twenty years ago, Turkey's real estate investment market was in dire straits, there was no mortgage possibility, large families had to live in one house, and residential buildings were not upgraded or modernized.

Not to mention the random laws, which caused the decline in the quality of real estate and housing, and there were many houses that were built illegally and without a permit, and large cities such as Istanbul and Izmir were crowded with this type of buildings, and therefore the number of investors was few in this time.

Then the Turkish state began to legislate Vision 2023, and that vision aspired to change the status of the Turkish economy to become one of the strongest systems of the economy in the world, and this vision included a comprehensive plan to improve the status of the real estate and residential investment market in Turkey.

The role of banks in Vision 2023 to raise the level of real estate investment in Turkey

The banks first provided mortgage loans to the desired residents, then introduced new rules that allow expatriate foreigners to buy homes, and then finally encouraged the construction specialists and developers to start building modern, sophisticated homes to replace the old dilapidated buildings, and accordingly, one of the most important reasons for the low price of real estate in Turkey is that the real estate investment market is in its infancy.

Have real estate prices in Turkey been affected by the Corona pandemic?

The type of real estate offered in the sale market is an important factor affecting prices in the regional or local real estate and housing market. For example, in the city of Kalkan, the number of high-end villas exceeds the number of apartments. As for the city of Istanbul, housing in apartments is more common than living in independent villas or houses.

After the pandemic of the new Corona pandemic, many Turks realized that the Corona virus will not disappear quickly, and they began to flee from overcrowded cities to coastal resorts, which are less crowded than cities, causing the prices of villas in coastal resorts to rise, due to the high demand for them.

Advantages of residing in Turkey

In addition to the low price of real estate in general in Turkey, there are many advantages that motivate investors who have bought real estate, homes or villas to stay in Turkey and settle there, these advantages are summarized below.

Reduced costs of household bills.

Low maintenance price.

Reduced costs for the procurement process, such as taxes, translation and notary fees.

Lower furniture costs.

Lower costs of living and housing in general compared with the countries of Europe.

The existence of clear laws and regulations that preserve the right of the resident, and they are called the Building Law.

Obtaining renewable real estate residence permit for life, and thus the possibility of applying for Turkish citizenship.

The presence of modern airports, which facilitate travel and access to Turkey.

Turkey enjoys an ideal sunny climate most days of the year.

It offers many tourist attractions that attract visitors, as well as the presence of many historical sites.

Enjoying a quiet lifestyle..

At Ramzy Real Estate Company, we are glad to accompany you on the journey of buying property in Turkey and to provide you with a range of services to make the process smooth and easy , as we are always keen to present a variety of options for residential and investment properties in addition to helping you obtain Turkish citizenship for those looking for it.
Our services:
- Legal advice .
- Property Management.
- After-sales services .
- Legal services and obtaining Turkish citizenship.
- Buying and selling real estate in Turkey.
- For more details, you can contact us via the communication platforms or via the WhatsApp attached on the site.

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