FAQ about owning real estate in Turkey by foreigners

Created: 2021-07-28
Last Updated: 2024-05-05
Views: 2776

Content Index

Do foreigners have the right to buy a property in Turkey?
What are the conditions to be fulfilled in the property purchased by a foreigner in Turkey ?
How can a foreigner obtain Turkish citizenship through real estate?
What are the facilities provided by the Turkish government to foreigners in Turkey?
Why do investors choose Turkey real estate?

Investors’ interest in real estate in Turkey has increased significantly in recent times, as it has become one of the main destinations for real estate investment in the world, and if you are looking for apartments for sale in Turkey, there are certainly many inquiries and questions on your mind as a foreign investor, but do not worry, we will answer them All in the following article:

Do foreigners have the right to buy a property in Turkey?

Previously, Turkish law followed the principle of reciprocity, which means that the Turkish government allows foreigners to buy an apartment in Turkey only if their country allows Turkish citizens to buy a disgrace on its lands.
But later, specifically on May 18, 2012, this law was canceled, and in this way, foreigners who do not hold Turkish citizenship can buy property in Turkey, with the exception of some countries such as North Korea and Syria.

What are the conditions to be fulfilled in the property purchased by a foreigner in Turkey ?

There are some conditions that must be met and paid attention to while buying real estate in Turkey by foreigners, for example, a foreign person is not entitled to buy a property located near the military barracks and security points, and attention should be paid to the area of the property or the group of real estate in Turkey that he Purchasing it does not exceed 30 hectares, and the request to raise this number needs to be approved by the Council of Ministers.

How can a foreigner obtain Turkish citizenship through real estate?

Turkish citizenship has become very much in demand due to the many advantages that it enjoys, and the foreign investor can obtain Turkish citizenship by real estate investment, and this is done by buying property in Turkey, but the price of the property in Turkey must be at least 250 thousand US dollars and Of course, this can be achieved by buying one property or a group of properties, and there are some additional conditions, as it is necessary that he not sell this property for a full three years and that he buy it from a person holding Turkish citizenship, as it is not useful for the property owner to be a foreigner and must Note that the property was not previously used to obtain Turkish citizenship, otherwise you will not be able to benefit from it.
After you find the desired property, you must extract the real estate appraisal document, through which the property is appropriately valued, through companies specified by the Turkish government, to organize the process of obtaining Turkish citizenship by property and to ensure that prices are not manipulated.

What are the facilities provided by the Turkish government to foreigners in Turkey?

There are many amendments and facilities approved by the Turkish government, which had a significant impact on encouraging foreigners to invest in real estate in Turkey, and perhaps the most important of them is reducing the amount needed to obtain Turkish citizenship, which was one million dollars, but now it has become only 250 thousand dollars. Reducing the amount required to be deposited in the bank to obtain Turkish citizenship by investment, which was 3 million dollars, to become only 500,000 dollars later.
And do not forget to reduce taxes incurred by foreign investors and treat them as Turks, in addition to facilitating the issuance of residence permits in Turkey for foreigners and their families, the possibility of buying real estate online, extracting documents and documents easily and easily, and the opportunity to obtain Turkish citizenship by purchasing a property Under construction in Turkey , this is what did not exist previously and contributed to encouraging a large number of investors to own real estate in Turkey .

Why do investors choose Turkey real estate?

The real estate market in Turkey is characterized by a wide choice, where there are many forms of distinctive real estate such as smart apartments in Turkey, villas for sale in Turkey, studio apartments in Turkey and many others. Thus, we find that everyone can get what they want, in addition to the real estate prices in Turkey is very encouraging and cheaper than the neighboring countries and this is an additional point in favor of real estate investment in Turkey .

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.

#apartments #istanbul #turkish_citizinship

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