Buying real estate with the guarantee of the Turkish government
Turkey's real estate has become at the forefront of the best real estate investments in the region and has attracted significant numbers of investors from different parts of the world and Arab and foreign nationalities thanks to the availability of all the factors that secure the success of real estate investment in Turkey from a strategic geographic location as a connection point Among the most important continents of the world and the most important land and sea trade routes, Turkey is surrounded by a group of important seas such as the Sea of Marmara, the Aegean Sea, the Black Sea, as well as the Mediterranean Sea, each of which constitutes a strategic sea outlet for trade in the region
in addition to the quality enjoyed by real estate In Turkey, it is designed according to the latest designs and international standards so that it competes with real estate in the most important and largest cities in the world, and the most important factor that contributes to attracting foreign investors to buy a property in Turkey is that it is considered a guaranteed way to achieve investment profits thanks to the low real estate prices in Turkey on the one hand. And due to the availability of investment opportunities in all its forms in the country, it provides guarantees and reassurances that are what many people are looking for, including Turkey's real estate guaranteed by the Turkish government.
The mechanism for buying real estate in Turkey with the Turkish government's guarantee:
A set of terms are spread in the real estate market in Turkey, each of which expresses an important idea that must be understood before engaging in this real estate market, including private projects, and private projects mean those projects that are being worked on under the supervision of private construction and construction companies in Turkey, i.e. That everything related to it in terms of financing, design and implementation is free from the interference of any external party of course after these companies obtain the necessary approvals from the Turkish government.
And sometimes work is done to achieve an agreement or partnership between the public sector represented by the Turkish government and the private sector represented by these previously mentioned companies. This partnership is crowned with the opening of construction projects called real estate projects with the Turkish government’s guarantee and the resulting sector is named This type of partnership between the public sector and the private sector is the name of the joint sector in the field of real estate and construction.
Information about buying real estate in Turkey with government guarantee:
In more detail about the parties of the joint sector, they represent each of the private construction companies that are not owned by the government, but which operate under a license from the Turkish government with construction companies that are affiliated with or owned by the Presidency of the Council of Ministers in Turkey and since the government puts its hand and weight in such partnerships, it is in In return, it works to carefully select its partners and after careful examination, as private companies must achieve a set of criteria and conditions before signing the partnership contract, especially in terms of the business reputation that they enjoy in the real estate market in Turkey and the experience they possess and their life. Actions previously provided by the company, especially real estate projects that bear its signature and were built under direct supervision and financing.
As for the role that each of the parties to this partnership is providing, the private construction companies will be responsible for all logistical supplies, implementation and supervision related to the project, meaning that during the construction process of the project they will be directly responsible for all the steps that are implemented in various aspects and act in accordance with When commensurate with the future nature of the project, residential projects have privacy over commercial projects, while the public sector’s mission is to provide all necessary approvals and to conduct legal transactions and licenses for construction and to facilitate the workflow for the private company. Also, the land on which the project will be implemented is It is originally owned by the government and then it gives it to the private company to start implementation.
Reasons for preferring to buy real estate with the Turkish government's guarantee:
During the agreement process between the two parties, the contract must include all the important details such as the date of the start of implementation and the plan that will be worked according to it, as well as the mechanism of work of the project with the presentation of a detailed and accurate timetable that includes the date of completion of each step and stage of the project and of course it is mentioned in it The date of the final delivery of the project, and since all these details are formally agreed upon between the two parties and are mentioned in the contract, this makes them mandatory for both parties, and default or failure to follow them puts this party under legal liability, which provides investors with the guarantee that this type of Projects are safe and guaranteed because the company is under control in all its steps and under the supervision of the Turkish government, which in this case constitutes the guarantor of the rights of investors and prevents them from being exposed to any fraud or fraud or delay in delivery or not getting what they paid their money for.
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