Many differences in the procedures for owning real estate between Turkey and America
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All investors in the world are directing their compass towards safe places in order to build their investments to achieve the first goal of their investment, which is to obtain the highest and most abundant material returns. Often the investor is confused about which countries to choose. Is the European Union a right choice? What about the United States of America, which many people found a golden opportunity? There are those who preferred to choose the Turkish state, so what about it as well?
Many details related to real estate investment in Turkey and America will be presented to you in the following article.
Which is better to live in America or Turkey?
That we put forward a comparison between the two places does not mean at all that we shed light on one over the other, but on the one who is about to take this step to be fully aware of the differences between them.
-America is considered the best place that suits students and those looking for an advanced academic study opportunity. It is also suitable for work, as it has all the ingredients that lead work to success and excellence, but if you compare America with Turkey in this aspect, you will find that the latter outperforms the first in stages, because the cost of living in it Low cost and suitable for all budgets.
- If the United States of America is your choice, you will have to spend from 50 to 150 dollars per month only in transportation fees, while in Turkey you will not need more than 80 dollars as a maximum.
-Are you in America or in Turkey? You definitely need a place to stay and rent a property of the best possibilities. If you are in America, on average, it will range between one thousand and one thousand and five hundred thousand US dollars, while in Turkey, five hundred dollars will suffice you.
- You should not forget the bills for water, electricity, gas, etc. In America, they reach up to 400 USD per month, while in Turkey they will not exceed 120 USD per month.
-Turkey is considered the best for the Arabs, as the percentage of Arabs in it constitutes 60%, while in America their percentage is only four percent.
-There are many common denominators between Turkish society and Arab societies, the most prominent of which are customs, traditions, social systems and the Islamic religion as well as this, in addition to the common culture.
-Whoever goes to America intends to live and settle for a long time, while whoever chooses Turkey aims for a short stay, which is for investment or tourism.
The most important cities and places in America for real estate ownership:
Among the best American states are New York / California / Philadelphia / and Washington / Los Angeles / San Francisco.
In this context, it must be pointed out that there are states and regions in America where real estate ownership is unpopular, as it is known as dangerous states, most notably (Milwaukee / Rockford / Baltimore / Little Rock / Kansas / Auckland), but if you are in Turkey, you cannot find States where buying real estate is not recommended, as they are completely safe and stable as well.
The best Turkish states for buying real estate:
Istanbul heads the list of the most attractive Turkish cities for foreign investments, based on all its many privileges, followed by Antalya, the first capital of tourism in the country, and in third place comes the Turkish capital Ankara, then Bursa, Izmir, Sakarya and Trabzon.
Real estate investment in America or in Turkey:
Real estate investment in America is somewhat complicated, especially in major states such as New York, and real estate taxes are high in a way that creates concerns for the investor, while the Turkish government worked to reduce taxes in a way that suits investors.
We cannot neglect the fact that real estate investment in America is accompanied by many privileges, as it offers many tax cuts, but it belongs to Chinese and Indian investors in particular, which it prevents from Arabs in general because of the racism with which they treat Arabs.
As for the real estate market in Turkey, it is spacious and accommodates many foreigners and offers them many facilities and incentives, the most prominent of which is obtaining Turkish citizenship through the price of the property being two hundred and fifty thousand US dollars, and real estate in Turkey is witnessing a great development and a large number of urban transformation projects.
We must point out that the real estate market in America is suffering from a major recession due to the high real estate prices that made many investors turn away from it.
Conclusion: We can come to the conclusion that Turkey is one of the best countries around the world to buy an ideal property or something close to it, and this is based on its privileges, safety and stability qualities.
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.
Editing by Ramzy Real Estate Team ©
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