Avoid these mistakes when residing in Turkey
Last Updated: 2023-07-27Avoid these mistakes when living in Turkey
The real estate market in Turkey is teeming with local and international real estate investors of various nationalities, as Turkish real estate has high ingredients and specifications, enabling it to flourish, and achieve the desire and tastes of most investors, and due to these factors, investors flock to Turkey real estate constantly to establish various promising investment projects on Turkish territory.
Elements of real estate in Turkey that attract real estate investment movements to Turkey
One of the components of Turkey's real estate, which is a real magnet to attract real estate investment movements, is the diversity of
real estate investment, where there are houses, villas, residential apartments, hotels, lands, and shops.
The location of Turkey real estate in general, is one of the strategic and ideal locations, as Turkey extends over the continents of Asia and Europe, and therefore it is considered a link between the East and European countries and what this extension gives of wonderful environmental and climatic diversity, as for the views, Turkey is famous globally, with the presence of the Bosphorus, and the wonderful superstitious sea views, and
real estate prices in Turkey
are very competitive, if compared to their European counterparts similar to them in specifications.
There is the distinguished government support provided by the Turkish government to real estate investment movements in Turkey, and we mention one of the most prominent facilities and inducements provided, the law on granting Turkish citizenship through real estate investment. One of the real estate
topics that interests most real estate investors is the issue of obtaining real estate residency, and the various fears of making mistakes or pitfalls.
What is the importance of obtaining a real estate residence permit in Turkey?
Real estate residency is the only legitimate justification, and conclusive proof that you are in Turkey for the purpose of real estate investment, which is a means of entry into Turkish territory, and this residence entitles you to move in Turkey, and enjoy various rights and duties within any area of life, such as any original Turkish citizen, and there are other types of residencies according to the destination of work, tourism, education, humanitarian asylum. What should you avoid from common mistakes, regarding the subject of real estate residence in Turkey? Real estate residency in Turkey
is granted to real estate owners in it, and the concept of real estate residency differs from obtaining Turkish citizenship,
Here is a set of tips related to real estate residence in Turkey
• Always make sure that all transactions, original and translated papers and documents are completed, and that all legal conditions are met
• Check the expiry date of the specified period for real estate residency, to start renewing it as soon as the specified period expires, as you have to pay fines when delaying the renewal of the real estate residence and you may be prevented from entering Turkish territory, if the specified period exceeds three months.
• The use of real estate companies, providing you with legal protection, and constant reminders of the need to renew documents, real estate residence, and many other services, under the supervision of an integrated staff, and a strong network of relations.
• Pay your taxes and fees, not accumulating them, to avoid paying penalties.
Be sure to have these tips, and apply them if you come to Turkey for the purpose of real estate investment in it Mistakes made in obtaining real estate residency, unacceptable mistakes, may lead you to go to prison, pay large fines, or exile outside Turkey, so stay vigilant and aware, for all details and matters related to obtaining real estate residency in Turkey.
Editorial Mersat Real Estate Team©
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