The Turkish real estate market has become a destination for many foreign and Arab investors around the world, who are looking for high and abundant profit opportunities to achieve the investment goals they aspire to.
Table of Contents
- A comprehensive overview of Turkey real estate:
- A magical tour in Turkey's real estate:
- Advantages of real estate investment in Turkey:
- First: The strategic location and distinct climate of the Turkish state:
- Third: The strong Turkish economy:
- Fourth: Turkey is a tourist country:
- Fifth: Turkey is advanced in all fields:
- Sixth: Real estate prices in Turkey are distinctive:
- Seventh: The view of real estate and its diversity:
- Eighth: The expected financial return from Turkey's real estate:
- Ninth: The low cost of living and housing in Turkey:
- Tenth: The customs and traditions of Turkish society:
- Obtaining Turkish citizenship by buying real estate in Turkey:
- How to buy real estate in Turkey?
- -The first step: Determine the financial budget:
- -Step Two: Determine the purpose of buying a property in Turkey:
- First: The goal should be residential:
- Second: The goal should be an investment:
- Third: The goal should be commercial:
- Fourth: The goal should be to invest in the tourism sector:
- Step Three: Hire a real estate company:
- Fifth: Take a real estate tour:
- Sixth: Completion of sales and purchase contracts:
- Seventh: Obtaining the title deed:
- What about obtaining real estate residency in Turkey?
A comprehensive overview of Turkey real estate:
Did you know that Turkish real estate has become a target for many around the world? And there has been intense competition between construction companies in order to design real estate and buildings of a distinctive and luxurious character, and in line with international designs, and given that the real estate market in Turkey has many unique advantages, it has become an investment destination for all investors today.
A magical tour in Turkey's real estate:
Do you now want to take an enchanting tour of the best Turkish cities where there are real estate for sale? We are here to provide you with the most important of these cities, and they are as follows:
First: Istanbul, Turkey:
Of course, it is not a surprise, Istanbul is the most preferred by foreign and Arab investors as well, and has won the highest percentage of real estate sales to foreigners in 2020. Istanbul has always been the desired area by investors from all over the world, and this has the following advantages:
-The distinctive cultural structure of the city, and the ancient historical value it enjoys.
-The distinguished strategic geographical location of Istanbul.
-It is considered one of the most important cities in the world in the tourism and culture sector.
-In Istanbul, you can find all kinds of real estate.
-Istanbul has all the service and recreational facilities that you may need.
Second: Antalya, Turkey:
Here we are talking about a prominent tourist spot in Turkey that tourists and visitors flock to, as Antalya ranks second in terms of the ten most preferred cities for foreigners, and is characterized by the following:
-The growth of real estate and urban projects in the city.
-It has distinctive quiet beaches that lovers of wonderful landscapes desire.
-It provides residents with all kinds of basic and recreational services.
-It offers a peaceful living away from the hustle and bustle of life.
Third: The Turkish capital, Ankara:
The Turkish capital, Ankara, offers its residents a very special life, away from overcrowding and congestion, and it is an important historical and political center in Turkey.
Fourth: Bursa, Turkey:
We are talking here about the first capital of the Ottoman Empire, the most important industrial center in Turkey, the wonderful city of Bursa, which is located in the Marmara Sea region, and occupies the hearts of the Turkish people and investors as well.
Fifth: Yalova, Turkey:
Here we are talking about the smallest city in Turkey in terms of size or area, however, Yalova was ranked fifth in terms of the most preferred cities for foreigners in the real estate purchase sector, and this is in 2020, and in that city there is a quiet life and a clean sea, and it is considered a place Perfect for a stay, especially in the summer.
Sixth: Mersin, Turkey:
Here we are referring to the Turkish city that has the largest seaport in the whole of Turkey, which is called the pearl of the Mediterranean, as it has a long history dating back to 6300 BC, which means that it has a very important historical significance.
Seventh: Izmir, Turkey:
This picturesque city is located in the Aegean region, which is the third largest and most crowded Turkish city in Turkey. It is a first-class coastal city, with a large number of ports, and is characterized by great industrial strength, and is preferred by foreigners in Turkey because of its unique architecture in real estate.
Eighth: Samsun City:
This historical Turkish city in which Mustafa Kemal Ataturk ignited the fire of the Turkish War of Independence, located in the Black Sea region, which has two universities, many hospitals, huge shopping centers, as well as a wonderful opera house, in short, is a promising city in the future of real estate purchase.
Advantages of real estate investment in Turkey:
First: The strategic location and distinct climate of the Turkish state:
Turkey enjoys a distinctive and vital strategic geographical location, as it is the link between the continents of Europe and Asia, and this adds a very important and distinguished investment value to real estate in it, because the first thing that investors look for is the location where their investment or commercial projects are located.
The Turkish state is also characterized by a good climate throughout the year, and this means that your desired property is in a distinctive and wonderful place, which is an impressive feature for Turkish real estate and attracts many foreign investors.
Third: The strong Turkish economy:
Turkey is an economically strong country, and this is a powerful attractive tool for all investors, as any foreign investor is keen to enter the economically secure sector, because the state's strength in the economic sector is directly proportional to investment, and each of them strengthens the other and increases its strength.
Fourth: Turkey is a tourist country:
The astonishing progress of the Turkish state in the tourism sector is unparalleled. It is a world-class tourism country. Thousands of tourists flock to it from all over the world, wanting to spend unique and exceptional leisure and tourism times.
Hence, tourism in Turkey has become a powerful attraction for all foreign and Arab investors.
Fifth: Turkey is advanced in all fields:
The Turkish state is progressing day after day in various sectors. In the investment sector, giant and huge projects have been established in Turkey, such as the New Istanbul Water Canal project and the New Istanbul Third Airport project, which are two of the most important tools for attracting investors to the real estate market in Turkey.
As for the health sector, there are hospitals, medical centers and health institutions comparable to the best hospitals and centers in Europe, and from here, Turkey has become very advanced in the health sector, which attracts foreign investors to live in its territory.
As for the educational sector, Turkey has become a home and destination for foreign and international students, with its characteristics. Turkish universities and schools, whether governmental or private, offer highly advanced and modern educational programs at an international level of quality and efficiency.
In the transportation sector, Turkey has become one of the countries with high-quality, sophisticated and modern transportation networks, giving you the opportunity to move between all parts of Turkish cities with ease and without any suffering, in addition to the new metro projects, metro bus projects, and public buses, not to mention the main highways in Turkey, which has become attractive to foreign investments in its neighboring real estate.
Sixth: Real estate prices in Turkey are distinctive:
Perhaps the first thing investors are looking for is the capital required to enter a specific market, and speaking of the real estate market in Turkey, it is very distinguished in terms of the required capital, as real estate prices are relatively low compared to similar real estate prices in Europe and the Arab Gulf countries.
Seventh: The view of real estate and its diversity:
As we have mentioned, real estate in Turkey enjoys a distinct strategic geographical location because it is in Turkey, and within Turkish cities, the properties are distinguished by the fact that some of them have a stunning and charming sea view of lakes or waterways. An example of this is for real estate that overlooks the Black Sea, the world famous Bosphorus, or the Marmara Sea, some of which overlook vast green areas, such as the magnificent Belgrade forests of Istanbul, or Shamlar forests, and this distinctive view adds to the real estate an unparalleled investment value.
In terms of diversity, real estate in Turkey varies between many styles, including villas and furnished apartments, luxury hotel apartments, commercial offices and shops, which means that you are in front of a market with all the styles that any foreign or Arab investor could desire.
Eighth: The expected financial return from Turkey's real estate:
No investor thinks first of the high financial return from the investment project, and hence the expected financial profit from real estate investment in Turkey is the most important factor in attracting foreign or Arab investors to the Turkish real estate investment market.
This highly successful investment sector provides the foreign investor with a very good financial profit, and Turkish real estate has been ranked with the highest profit rates in the real estate markets worldwide, according to statistics.
Ninth: The low cost of living and housing in Turkey:
Many investors are looking to enter the real estate investment sector in Turkey with a desire to permanently reside within Turkish territory, which is an ideal idea, as Turkey is characterized by low costs of living and housing in general, whether in food, drink, education, study and health.
Tenth: The customs and traditions of Turkish society:
The most important characteristic of the Turkish real estate market in Turkey for Arab investors is the convergence of the customs of the Turkish society with the customs of the Eastern Arabs, and for this reason, international students from Arab countries aim to study in Turkey for this reason, which they do not find in European countries.
Obtaining Turkish citizenship by buying real estate in Turkey:
Here we talk about the most important advantages of buying real estate in Turkey, namely obtaining Turkish citizenship, which can be obtained when the following conditions are met:
-The real estate price should not be less than 400,000 US dollars as a minimum.
-The foreign investor must pledge not to sell the property for a minimum period of three years.
-The property should be away from the Turkish security or military institutions.
-The property must not have been used before to obtain Turkish citizenship.
How to buy real estate in Turkey?
You can obtain one of the most powerful nationalities around the world, without exaggeration, by investing in real estate in Turkey, that is, through the following steps:
-The first step: Determine the financial budget:
Before any procedures, you must determine the amount or financial budget that you can put in the Turkish real estate market, because determining the budget saves you time, effort and research.
-Step Two: Determine the purpose of buying a property in Turkey:
You must now determine your goal of buying a property in Turkey, and this is as follows:
First: The goal should be residential:
In this case, you must choose a suitable property to obtain your investment goal, such that the property is in an area with schools, universities, hospitals, children's entertainment areas, and everything your family needs in general, and here you must take into account your own taste and special specifications that you require in the property you want to live in Turkey.
Second: The goal should be an investment:
Here, it must be taken into account that the property is in a very vital area, and that it is in the heart of the city and not its outskirts, and that it is surrounded by service and recreational facilities that the residents may need, such as hospitals, medical centers, advanced and modern educational institutions, and a strong transportation network around the real estate area, all of which help to The success of your investment project according to your goals.
Third: The goal should be commercial:
Here, you have to choose a property suitable for the commercial atmosphere, such as being in an area with many huge and marketing centers, shops and malls, because it guarantees you a high and good profit return from your real estate investment project.
Fourth: The goal should be to invest in the tourism sector:
Here, it must be taken into account that the property is in a first-class tourist area, with very important tourist attractions, for example, most areas of Istanbul, such as Sisli, Basaksehir, and Uskudar.
Step Three: Hire a real estate company:
You should now seek the assistance of a reliable and trusted real estate company in Turkey, with a good reputation and long experience in the Turkish real estate investment sector, because this guarantees you the offer all real estate patterns that suit your goals, and the company gives you the opportunity to choose according to your goals, as it offers you the best Real estate price and best offers.
The role of the real estate expert is also evident at the stage of completing the papers and documents required to complete the purchase of a property in Turkey, and also assumes the responsibility of verifying that the property is legally sound and does not have any problems such as mortgage or inheritance problems.
In general, being a foreign citizen coming to Turkey, means that you are not fully aware of all the real estate investment laws in Turkey, and this means that you need a distinguished real estate expert with experience and competence to be able to finish the purchase of a property in an orderly manner and without suffering or obstacles.
Fifth: Take a real estate tour:
You should now inspect all the properties available for sale in front of you that correspond to your investment goals, and here we note the necessity of inspection on the ground, not just pictures or videos, but you should see the property in kind in order to verify all its specifications in terms of space, location and design.
Sixth: Completion of sales and purchase contracts:
Now you can complete the sale and purchase contract, and here you have to verify the identity of the seller and that he is the person who has the right to the property, and here comes the role of the real estate company, and it is also necessary to review all the terms of the contract in detail and accurately, in order to verify all the items mentioned in it.
Seventh: Obtaining the title deed:
Now you can go to the Land Registry Department to obtain the title deed or the title deed of the property, and you have the papers and documents required to complete the purchase of a property in Turkey, which are as follows:
-A passport valid for a minimum period of six months.
-One photo of the seller.
-Two photos for the buyer.
-Real estate appraisal document.
-Your tax number, an indispensable document for foreigners in Turkey.
-Property insurance policy against earthquakes.
A receipt for the payment of the price of the property from the investor or buyer's account, stamped with a live seal from the bank.
-Receipt of the price of the property from the seller's account, stamped with a live seal from the bank.
What about obtaining real estate residency in Turkey?
Real estate residency in Turkey has become one of the most preferred types of residencies by investors, because it has the following advantages:
-It is a renewable residency for the duration of the property ownership, and is determined every year with ease.
-Because it is granted to the foreign investor in Turkey, along with his family, including a wife and children under the age of 18.
-Because the foreign investor enjoys most of the rights of the Turkish citizen when obtaining real estate residency.
-After residing in Turkey for eight years, permanent residency can be obtained.
At the conclusion of a charming tour in Turkey's real estate, we hope that we have provided a full explanation and comprehensive information on how to buy a property in Turkey, and the most important Turkish cities that offer distinctive properties for sale.