Real estate investment in Georgia or Turkey ?

Created: 2021-02-08
Last Updated: 2024-04-19
Views: 7451

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All you need to know about the differences between real estate investment in Georgia and Turkey?
First: Proof of ownership
Second: real estate investment and obtaining citizenship:
Third: real estate prices !!

All you need to know about the differences between real estate investment in Georgia and Turkey?

We recently received many questions and inquiries about real estate investment or purchase with the aim of stability in the country of Georgia and what are the differences between investing in it and investing in Turkey, so in summary, Ramzy Real Estate Company decided to present the most prominent differences between real estate investment in Georgia and Turkey through the following article:

First: Proof of ownership

You cannot obtain a residence document or a title deed in Georgia unless the project is fully completed (existing), but rather you will only obtain a contract from the construction company, bearing in mind that the contract will not be certified by a notary.

While you can obtain the title deed or the title deed by simply paying the full amount to the construction company or the owner in the case of cash purchase, and obtaining a contract certified by the notary in Turkey in the case of purchase by installments, which guarantees your right even if the construction process has not ended yet.

Other than that, there are no real estate projects guaranteed by the Georgian government in the state of Georgia as in Turkey.

Second: real estate investment and obtaining citizenship:

There is no law in Georgia that entitles you to obtain Georgian citizenship through real estate investment and the most that can be used is to buy a property with a value of at least 100 thousand US dollars in order to be able to obtain a residence that can be renewed every year to allow you to apply for citizenship after renewing it 10 times That is, after 10 years.

In Turkey, the law allows you to obtain Turkish citizenship when you invest a property or several real estate worth 250 thousand US dollars within a maximum period of “90” days, provided that the property is not sold within 3 years.

It is worth noting that Turkish citizenship is granted to you, your wife and your children under the age of 18.

Third: real estate prices !!

The price of a square meter of real estate in Georgia is very close to the price of a square meter in Turkey, and there may be some slight differences depending on the difference from one city to another, but there are clear differences between the wide options that Turkey offers in the field of real estate investment, especially in the huge cities such as Istanbul, which host thousands of residential projects that They are distinguished by their amazing designs and specifications.

Perhaps this was the most prominent factor that made investing in Istanbul the best investment in Europe and the world.

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.