Real estate investment laws in Turkey 2021

Over the past ten years, Turkey has become the focus of the investment event in the world and as a result of the many privileges it offers, many real estate investors around the world have not hesitated to choose it as a destination for them, especially as it is distinguished by the restrictions imposed on foreign investors due to the absolute belief of the Turkish government in what these investments are used to. of benefits.
But if you have no previous experience in the field of real estate investment in Turkey, you should see the most important laws, rules and conditions of real estate investment in this country, and for the importance of this topic, we will accompany you through the following article to see everything related to it.

The most prominent real estate investment laws in Turkey:

At the outset, you should be well aware that the Turkish government stands by foreign investments in a positive way and works with full force to make the matter easy and simple for them, and the most prominent thing it has provided to them is that it abolished the law of reciprocity and there is equality between foreign and local investors.
The Turkish government is working hard to strengthen its infrastructure and to unleash many important development projects, most notably the new Istanbul Airport / Istanbul Water Canal that it is building / tunnels / highways / integrated transportation networks that connect the regions with each other.
What encourages the Turkish state to take as a platform for real estate investment is that there is a possibility of exporting to neighboring countries very smoothly, primarily due to the distinguished political relations that link Turkey with other countries.
One of the most prominent incentives that prompted global investors to go towards it is that Turkey provides the investor with tax exemptions and reductions on customs duties, in addition to creating suitable places for investment.

What are the most important conditions for real estate investment in Turkey?

1 - At first, he must buy a property that has a full title deed, but before that he must choose the Turkish city that suits him and suits his desires and financial budget allocated for this matter.
2 - The foreigner must not abandon the examination of the title deed and its conformity with the property and the review of the real estate registry in order to ensure that the property does not have any real estate problems (mortgage / real estate seizure / inheritance problems).
3 - It is necessary to seek the assistance of experienced and relevant experts in order to assist the investor in his steps that he does not know much about, such as choosing a distinguished real estate company with great fame and experience.
4 - In the field of real estate investment in Turkey, real estate experts are advised to choose modern real estate, as its future is more distinguished, and therefore the condition of the property must be checked.
5 - The foreign investor should research the laws related to foreign investment in real estate in Turkey, which are summarized as follows:
A foreigner cannot buy more than thirty hectares of real estate in various parts of Turkey.
- The foreign investor is prevented from owning more than ten percent of the area of ​​one region administratively.
- He cannot own a property within one of the areas bearing a security or military character.
- The property must not be sold or under mortgage, as in this case it is prohibited to sell it.

What are the most important points that make real estate investment in Turkey a special option?

- Developed economy:
The Turkish state has been classified as one of the most important countries in the world in terms of economic power and its economy ranked among the top 13 economies.
According to many forecasts, the Turkish economy is likely to achieve a growth of ten percent by the end of the current year, and thus it has deviated from all expectations that expected a lower rate.
The strength of the economy for the investor is a guarantee that his investment is on the right path and that his property has become a safe portfolio that will not lose its financial value.

- Geographical location:
The geographical location is one of the most important motivators that prompted many of the world’s investors to choose the Turkish state over other countries of the world, as it mediates the world’s continents on the one hand and on the other hand it has supervision over the most important seas of the world in addition to that it extends within two of the world’s continents.

-Tourist destination:
Turkey is known as a tourist option for many countries around the world as a result of its important and pre-historic attractions that crossed history to settle in Turkey, and Turkey also enchanted the world with the beauty of its wonderful nature.
We can find that most foreign investments in Turkey originate from the European continent, and in the second place we have the Asian continent, and in the third place is occupied by the American continent.
In this context, the top ten investing countries around the world in Turkey are (Netherlands / USA / Britain / Austria / Germany / Luxembourg / Spain / Belgium / France / Azerbaijan).
It is worth noting that the influx of investment into the foreign investment sector was not in the form it is today, only after Turkey provided the opportunity to obtain Turkish citizenship by owning a property with a value of no less than two hundred and fifty thousand US dollars.
Turkey is the fertile environment for real estate investment with the most important and distinguished results, and it continues to provide more facilities and advantages.

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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