Government facilities for owning real estate in Turkey

It has been noticed that the number of Arab and foreign investors who want to buy property in Turkey and settle there has increased, and this did not come out of nowhere, but was the result of recent efforts by the Turkish government to raise the name of its country among the major countries and become one of the most important investment destinations in the world, through The adoption of a set of laws and legislation that contributed to attracting capital and pushing them to buy apartments in Turkey. Below we will mention the most important government facilities related to real estate investment in Turkey.. 
 

New amendments to the Citizenship by Investment Law: 

Several amendments have been issued to the Turkish citizenship law to attract investors to real estate investment in Turkey, as the amount required to buy an apartment in Turkey has been modified to 250 thousand dollars instead of 1 million dollars, provided that the property is kept for 3 years without selling, and this was It has a major role in attracting investors to buy real estate in Turkey and obtain Turkish citizenship and enjoy its advantages, in addition to holding a Turkish passport that allows its holders to enter a large number of countries in the world without the need for an entry visa. 
The amounts necessary to obtain Turkish citizenship through investment were also modified, which became only $ 500,000. 
 

Issuing a real estate appraisal document to control fraud cases: 

One of the most important government decisions issued with regard to the ownership of real estate in Turkey by foreigners is the necessity to extract a real estate appraisal document, which is a document through which the condition of the property is studied to estimate its real price, and this contributed to alleviating cases of real estate fraud significantly, especially with regard to the purchase of real estate In Turkey in order to obtain Turkish citizenship, as this document is issued by specific institutions by the Turkish government and is valid for up to 3 months from the date of its issuance. 
 

Abolition of the Reciprocity Law in Turkey: 

Before 2012, Turkey was following the law of reciprocity with regard to investment on its lands, which means that it allows foreigners to invest and buy apartments in Turkey only if their country allows individuals to do so also on its lands, but after 2012 this law was amended and the principle of abolition of the principle Reciprocity and as a consequence foreigners are allowed to invest in real estate in Turkey regardless of whether their country allows the Turks to do so or not , and this has contributed greatly to the flow of foreign capital to Turkey to engage in the Turkish real estate market . 
 

Reducing and canceling many taxes related to the purchase of a property: 

In the context of working to attract foreign investors to enter the world of real estate investment in Turkey, the Turkish government has greatly reduced the taxes resulting from buying a property in Turkey by foreigners, whether the tax imposed on the title deed or other taxes, and thus real estate prices in Turkey have become very competitive and cheap When compared with real estate prices in neighboring countries , especially as it has many specifications and features , of course , this had a significant impact on the rise in real estate sales in Turkey by foreigners who found real estate investment a safe and secure haven to achieve sure profits . 
 

The most attractive cities for foreign investors to buy real estate in Turkey: 

Istanbul has come at the forefront of the cities that attract investors, and this is expected, of course, due to its great economic and tourism importance, as buying a property in Istanbul is definitely a profitable deal, but there is no doubt that it is necessary to pay attention to the location of the property, its view, and its proximity to transportation to achieve Quick profit. 
Antalya, which is famous for being the most important tourist city in Turkey, comes in second place, as tourists flock to it all due to its distinctive coasts and beaches, and you can buy villas for sale there, hotel apartments, or other forms of real estate in Turkey. 
And certainly there are many other cities that constitute a distinct investment opportunity, such as Bursa, Yalova, Trabzon and others.

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Turkish citizenship by buying property 
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