Have you ever seen the success and prosperity of the real estate market in Turkey? This very special investment field, with high financial profit, and which provides its owner with a very distinguished investment experience, we talk today about many tips in order to obtain a successful real estate investment in Turkish lands.
About Turkish real estate investment:
Turkey has become a destination for many foreign and Arab investors as well around the world, and the number of investors wishing to buy real estate in Turkey is increasing day by day, due to the unique advantages of this investment market, making it preferred by all investors over other investments in Turkey.
Tips for a successful real estate investment:
Do you now want to know several important tips that will help you achieve the brilliant success of your real estate investment? You can just follow these nine tips:
First tip: Hire a real estate expert:
Before any real estate search procedures in Turkey, you should use one of the trusted and reliable real estate companies in Turkey, which has a good reputation and long experience in the real estate market.
This is because you are a foreign citizen coming to Turkey, you do not know all the terms and laws of buying real estate in detail, so the step of choosing your real estate expert is a very important and indispensable step, this expert helps you choose the right property for your goals, and offers you all the options for sale in Turkish market and commensurate with the profitable return that you want to achieve.
It must be noted that the choice of the real estate company must be very accurate, that is, you check accuracy in determining your consultant, and choose a company with long experience in the field of real estate investment in Turkey.
Second tip: Determine how much money you have:
Now you have to determine the amount that you can pump into the Turkish real estate market, because based on the proposed financial budget, all the following steps and advice will follow.
Third tip: Determine your future investment goals:
Now you have to determine what your future goals are from this investment. Is it an investment for the purpose of housing and accommodation? Or to invest in the tourism sector? Or is it a business investment?
As it is necessary to determine the investment objectives of your project, in order to choose a suitable property for you and this is as follows:
First: Real estate investment with the aim of housing:
Then it is necessary to choose a property that matches the conditions of your life, such as being in a distinguished geographical location with all the service facilities, like advanced educational institutions that include schools and universities, health institutions, hospitals and medical centers, as well as recreational places for children.
Second: Real estate investment in the tourism sector:
In this type of investment, it is necessary to take into account that the property is in a first-class tourist area, and that there are luxury tourist places, in order to ensure that there is always a tenant who wants to live in your property with the aim of spending a distinguished tourist stay in Turkey.
It should be noted here that these properties in the first-class tourist areas are somewhat higher in price than real estate in the normal areas, and this is because they enjoy the presence of international tourist facilities, which are visited by thousands of tourists and foreigners.
Third: Commercial real estate investment in Turkey:
Here we are talking about the idea of buying a property with the aim of establishing a business, which is a distinctive investment idea that brings you a high and good profit return, given that Turkey in general is a very strong commercial country, and the chance of the success of the business project is guaranteed.
Here, it must be taken into account that the property is in a predominantly commercial area, so that there are many major shopping centers and stores, and this is to reach the largest possible number of customers, and to ensure a high profit return from your real estate investment project.
Fourth tip: Take a real estate tour:
Here, we mean that you take a real estate tour to see the properties for sale in front of you, so that you can choose the strategic geographical location of your property according to your investment goals, and your real estate expert helps you in this tour.
Here, we note the need to take a comprehensive real estate tour in the city in which you want to buy a property, and in this regard, we explain to you the importance of defining the state, where there are states suitable for housing and others more suitable for tourism, and then you have to select the state you want according to your goals.
Fifth tip: Legally, verify the safety of the property:
Now you have to check well that the property is sound and without any legal problems such as mortgage or inheritance problems, and you should also verify the identity of the seller and that he is the person who has the right to sell of the property, and here is the role of the real estate company or your real estate expert, where he or it can verify the safety of the property Legally, quickly and easily.
Sixth advice: Take into account the public utilities around the property:
When you buy a property in a country, the first thing you should look for is the availability of educational, health, social and cultural services in the area of this property. Therefore, in order to ensure the success of your real estate investment in Turkey, you must take into account the presence of the property in a vital area with all basic and recreational services.
Seventh tip: Take into account the transportation network:
You should also make sure that the property is located in an area with a high-quality and developed transportation network, and that the resident in your property does not suffer from a lack of transportation around it that makes him move around the city without suffering.
You should also take into account the infrastructure of the area in which the property is located, as the stronger the infrastructure in the area, the higher the price of the property and its investment value.
Eighth tip: negotiate with the seller:
Now you have to negotiate with the seller the price of the property in order to reach the most suitable price, and here the real estate expert also helps you to reach the best price.
Here, the importance of the real estate appraisal document, which has become a mandatory document for the foreign investor, is evident in order to clarify the real value of the property without any exaggeration.
Ninth Tip: Complete the procedures for buying the property:
You must now complete the papers and documents required to complete the purchase of a property in Turkey, which include the following:
-A passport valid for a minimum period of six months, translated into Turkish, and certified by a notary public.
-Your tax number, which is the official personal identity of the foreign investor in Turkey, and no financial transactions can be completed in Turkey without the tax number, and this number is extracted from the competent tax department within a few minutes, and it can also be extracted online.
-The real estate appraisal document of the property, which is an indispensable document, and is issued by a real estate company licensed by the Turkish government.
-Property insurance policy against earthquakes.
-Bank receipts stating that the property price has been paid from the investor or buyer's account, stamped with a seal from the bank.
-Bank receipts stating that the price of the property has been received from the seller's account, stamped with a live seal from the bank.
-One personal photo of the seller.
-Two photos for the buyer.
Advantages of real estate investment in Turkey:
Now, of course, you are wondering what the advantages of real estate investment in Turkey are? Why is it superior to other investment sectors? Why has it become the destination of foreign and Arab investors?
In this context, we show you a detailed list of the most important advantages of real estate investment and buying real estate in Turkey:
First: Turkey is a world-class tourist country:
Here we are talking about the most important advantages of real estate investment in Turkey, which is the unique touristic nature of the Turkish state, as the Turkish lands are full of ancient, archaeological and historical attractions, to which thousands flock annually from all parts of the earth.
There are historical palaces in Turkey that you will only see in this very special tourist spot, and since tourists flock in huge numbers to the Turkish state, buying real estate in them guarantees you the presence of a tourist who wants to rent around the clock, who wants your property, especially when the property is purchased in a luxurious tourist area, and that is why tourism is the most important tool for attracting foreign investments in Turkey's real estate.
Second: Turkey's unique geographical location:
It is no secret to us that Turkey is the link between the continents of Europe and Asia, and for this, the location of the Turkish state is the most important thing that attracts foreign investors to pump capital into the real estate investment sector in Turkey.
Real estate in Turkey is unique in that most of it is located in strategic and wonderful places, including what overlooks distinctive sea views of the world famous Bosphorus Strait, or views of the wonderful Marmara Sea, or the picturesque forests of Belgrade, and from here comes the impressive feature in Turkish real estate, which is the distinguished geographical strategic location that is unique to the Turkish real estate investment market.
Third: The strength of the economic level in Turkey:
It can be asserted that the strength of the Turkish economy is the most important pros and cons of real estate investment in Turkey, as this economy is directly proportional to real estate investment, meaning that the stronger the economy is in a country, the more hundreds of investors tend to pump money into this economically powerful country.
Fourth: Political stability in Turkey:
When a foreign investor wants to buy real estate in Turkey, the first thing that attracts him to this idea is the country's political stability, because this stability guarantees the investor the success of the real estate investment project without hindrances due to political turmoil.
Fifth: Turkey's prosperity in various fields:
Perhaps the most important characteristic of the real estate investment market in Turkey is the progress and prosperity that the Turkish state is witnessing in various fields, which is a powerful attraction for all investors.
In the health sector, there are many highly professional hospitals and health and medical centers in Turkey, which provide treatment services similar to hospitals and health and medical centers in Europe.
In the education sector, Turkey is now full of advanced and modern educational institutions that offer educational programs that keep pace with global developments, making Turkey a new and distinguished destination for foreign and international students wishing to study university education at universities that are among the best universities in the world.
In the transportation sector, Turkey has become world-famous for having a high-quality, sophisticated and modern transportation network, many highways, metro and metro lines, and public buses that allow you to move around all Turkish states with ease and without any suffering.
In the infrastructure sector, the Turkish territory has become world famous for having a very developed and modern infrastructure at a global level of quality, and hence foreign investments in Turkey are increasing day by day.
Sixth: The possibility of obtaining Turkish citizenship:
Here we talk about the most important advantages of the real estate investment sector in Turkey, which are the laws and regulations that give foreigners a golden opportunity to obtain Turkish citizenship through real estate investment and the purchase of real estate in Turkey, by fulfilling the following conditions:
-The price of the property or real estate purchased in Turkey should not be less than 400,000 US dollars.
-The foreign investor in Turkey undertakes not to sell the property for a minimum period of three years.
-The property should not be in a Turkish security or military zone.
-The property must not have been previously used to obtain Turkish citizenship.
-The seller of the property should not be of a foreign nationality with the same nationality as the buyer
After fulfilling the two conditions, you can apply for Turkish citizenship, which has now become one of the most powerful nationalities around the world without exaggeration, and has become a dream for many investors.
This is in addition to obtaining the Turkish passport, which is a magic gate that gives you the opportunity to enter more than a hundred countries around the world without a visa, as well as a number of countries that you can enter with an instant visa at the airport, and some countries that you can obtain an online entry visa.
Seventh: Low living and housing costs:
The most important thing that an investor who wants to live in Turkey is looking for is the cost of living and housing in general. In this regard, it becomes clear to us that the low cost of living, housing, accommodation, food, drink and education in Turkey is the most important and powerful attraction tool that distinguishes Turkish real estate investment from other real estate investments in other countries.
Perhaps the low cost of living in Turkey was the most important reason for the increase in foreign and Arab students coming to university studies in Turkey’s universities, where they can obtain an internationally recognized university degree, and study globally advanced and modern educational curricula, with an impressive advantage, which is the low costs required to achieve all this.
Eighth: The price of Turkish real estate is low:
When you want to invest in a country, of course you are looking for the country with the least amount of capital required, and here it becomes clear to us the importance of the competitive advantage of real estate in Turkey, which is the lower price of real estate, land and apartments in Turkey than in other European countries and some Arab Gulf and Arab countries. As you can get a villa, apartment or residential unit overlooking the sea or a unique natural green space, at a distinctive and competitive price that is unparalleled in any other country with the same real estate specifications.
Ninth: The possibility of obtaining real estate residency:
Here we talk about the most important advantages of real estate investment in Turkey, this very special residency, which is considered the best in Turkey, which many investors are looking for, where you can obtain real estate residency by buying a property in Turkey, which is characterized by the following:
-It is considered better than work, study or tourist residency.
-It is characterized by being a renewable residency for the duration of the property ownership, where you can renew it every year in an easy and fast way, unlike most other residencies in Turkey.
-Real estate residency is granted to all family members, the property owner, his wife and children under the age of 18.
-The holder of a real estate residency in Turkey enjoys most of the rights of a Turkish citizen, like medical or educational services, transportation, and others.
At the conclusion of our article today, we have explained to you several tips that allow you to get a high return on profit, and we hope that we have provided a full explanation and comprehensive information on many tips for obtaining a successful real estate investment.