What are the advantages of buying a property in Turkey
Last Updated: 2023-07-27
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What are the advantages of buying a property in Turkey
The advantages of buying a property in Turkey vary according to the value of the property and the size of the investment. The clients of Mersat Real Estate Company vary in their investments. The middle-income investors obtained real estate residency, and some of them obtained tax exemption benefits for their investments in the fields of agriculture and trade. Most of our clients obtained Turkish citizenship by purchasing one or more properties. .
You will read in this article:
- The most prominent benefits that result from owning real estate in Turkey
- Who are the most likely to go to Turkey in order to own real estate in it?
- Why is Turkey's real estate different from all countries around the world?
- Tips for investors
The most prominent benefits that result from owning real estate in Turkey:
1- In the beginning, we must know the property in Turkey is a way to obtain Turkish citizenship, and many who wish to obtain it choose this method, because by doing so they will have hit two goals in one time, owning the property and Turkish citizenship. Also, this method is the easiest at all. It is only required that the price of the property be two hundred and fifty thousand US dollars, and to pledge not to sell it before 3 years have passed since its purchase.
* It is important to point out that Turkish citizenship offers many advantages in turn, and therefore many people seek to obtain it, especially Arabs,
2- If the property does not meet the specifications for obtaining Turkish citizenship, then an application can be made for a real estate residence permit that authorizes the holder to reside in Turkey in a legal manner. Also, the real estate residence is the best type of residence at all, as it is easy to obtain and there is a possibility of renewal.
3- Real estate in Turkey can be used in order to achieve more than one goal and purpose. There are those who prefer it for housing and stability, as it is a great opportunity for a life of luxury and comfort. And there are those who choose it for real estate investment, as Turkey has all the ingredients for a successful and distinguished investment, which is represented by a booming economy, which is still continuing on the path of progress and prosperity, which would give the investor safety.
4- Turkey has a thriving infrastructure that keeps pace with modernity, and the Turkish government is always striving to launch distinguished development projects that contribute to the prosperity of all sectors, the most prominent of which are:
- The new Istanbul Airport, which was opened last year and was classified as the largest airport in the world. Despite its recent presence, its impact was particularly significant on the real estate sector.
- In the current year, the start of work on the new Istanbul Water Canal was announced, which is expected to make a fuss in the Turkish real estate market, especially in the areas that surround it. These areas will witness a significant increase in the prices of their properties. It also strives to expand public transportation networks and increase the number of highways.
5- The Turkish government also stands side by side with foreigners who wish to own real estate on its land, and among the most prominent of what it provided to them is the tax deductions imposed on them, and this is one of the concerns that may concern those who are taking this step. It also reduced the procedures required to complete the acquisition process, so it was possible to do this within a few days. Due to the great foreign demand for the acquisition of Turkish real estate, many real estate companies have been allowed to set up in Turkey, whose importance is that it shortens the distances between the property and its owner, and avoids falling into the real estate fraud trap, in addition to that it performs many legal procedures on his behalf.
6- Turkey is a distinctive cultural center that gives those who choose to live in its real estate a lot of knowledge and cultures based on the time periods in which it has lived. All of this can be seen through its museums / mosques / palaces / castles, and so many archaeological and historical places, as each of them provides an overview of art, civilization and creativity.
7-Turkey is God’s paradise on earth. It contains many different aspects of nature that attract the attention of tourists from all parts of the world, and thanks to them it witnesses huge numbers of tourists every year, and this is one of the first reasons that made it a distinguished investment destination.
8- Turkey is on the rise in the medical sector, and this has made it a destination for medical tourism, as it has many advanced hospitals equipped with the best medical technologies and the most important staff at all. One of the most important things it provided in this regard was (Başakşehir Medical City), which was opened last year, and which was considered a serious competition for European countries.
9- It is also distinguished in its educational sector, so whoever buys a Turkish property can receive great educational interest and obtain globally recognized certificates.
10- Turkey also enjoys a distinguished geographical location, which makes transportation to and from it very easy.
11- There is a possibility that the businesses that are located inside Turkey will be linked with those that are located outside it.
12- Turkey is characterized by being diverse in real estate, which makes those looking for a property for sale enjoy what they are looking for, and the most prominent of these types are:
The apartments of the residential complexes, which are the most distinguished at all, because they are considered safe and well protected, and their specifications are superb, and they also have impressive and distinctive views that are often overlooked on vast green spaces, but they are known to be very expensive.
Independent apartments, which are those that are spread in most neighborhoods, regions and cities in Turkey, each of them has its own advantages, and their prices are suitable for everyone.
There are duplexes / triplexes / penthouses / townhouses, which are among the luxury options in Turkey.
Turkey also contains villas that are decorated with luxurious specifications, large areas, and impressive views.
-Who are the people most heading to Turkey in order to own real estate in it?
The Arabs are among the people who most preferred Turkey to own real estate, and the reason for this is primarily due to its proximity to them and because it is decorated with an Islamic character, and there is a great similarity in the customs, traditions and social systems that fall between the two societies, and this comes in conjunction with the fast-integrating nature of the Turkish people.
* It is important to point out that Turkish citizenship offers many advantages in turn, and therefore many people seek to obtain it, especially Arabs,
2- If the property does not meet the specifications for obtaining Turkish citizenship, then an application can be made for a real estate residence permit that authorizes the holder to reside in Turkey in a legal manner. Also, the real estate residence is the best type of residence at all, as it is easy to obtain and there is a possibility of renewal.
3- Real estate in Turkey can be used in order to achieve more than one goal and purpose. There are those who prefer it for housing and stability, as it is a great opportunity for a life of luxury and comfort. And there are those who choose it for real estate investment, as Turkey has all the ingredients for a successful and distinguished investment, which is represented by a booming economy, which is still continuing on the path of progress and prosperity, which would give the investor safety.
4- Turkey has a thriving infrastructure that keeps pace with modernity, and the Turkish government is always striving to launch distinguished development projects that contribute to the prosperity of all sectors, the most prominent of which are:
- The new Istanbul Airport, which was opened last year and was classified as the largest airport in the world. Despite its recent presence, its impact was particularly significant on the real estate sector.
- In the current year, the start of work on the new Istanbul Water Canal was announced, which is expected to make a fuss in the Turkish real estate market, especially in the areas that surround it. These areas will witness a significant increase in the prices of their properties. It also strives to expand public transportation networks and increase the number of highways.
5- The Turkish government also stands side by side with foreigners who wish to own real estate on its land, and among the most prominent of what it provided to them is the tax deductions imposed on them, and this is one of the concerns that may concern those who are taking this step. It also reduced the procedures required to complete the acquisition process, so it was possible to do this within a few days. Due to the great foreign demand for the acquisition of Turkish real estate, many real estate companies have been allowed to set up in Turkey, whose importance is that it shortens the distances between the property and its owner, and avoids falling into the real estate fraud trap, in addition to that it performs many legal procedures on his behalf.
6- Turkey is a distinctive cultural center that gives those who choose to live in its real estate a lot of knowledge and cultures based on the time periods in which it has lived. All of this can be seen through its museums / mosques / palaces / castles, and so many archaeological and historical places, as each of them provides an overview of art, civilization and creativity.
7-Turkey is God’s paradise on earth. It contains many different aspects of nature that attract the attention of tourists from all parts of the world, and thanks to them it witnesses huge numbers of tourists every year, and this is one of the first reasons that made it a distinguished investment destination.
8- Turkey is on the rise in the medical sector, and this has made it a destination for medical tourism, as it has many advanced hospitals equipped with the best medical technologies and the most important staff at all. One of the most important things it provided in this regard was (Başakşehir Medical City), which was opened last year, and which was considered a serious competition for European countries.
9- It is also distinguished in its educational sector, so whoever buys a Turkish property can receive great educational interest and obtain globally recognized certificates.
10- Turkey also enjoys a distinguished geographical location, which makes transportation to and from it very easy.
11- There is a possibility that the businesses that are located inside Turkey will be linked with those that are located outside it.
12- Turkey is characterized by being diverse in real estate, which makes those looking for a property for sale enjoy what they are looking for, and the most prominent of these types are:
The apartments of the residential complexes, which are the most distinguished at all, because they are considered safe and well protected, and their specifications are superb, and they also have impressive and distinctive views that are often overlooked on vast green spaces, but they are known to be very expensive.
Independent apartments, which are those that are spread in most neighborhoods, regions and cities in Turkey, each of them has its own advantages, and their prices are suitable for everyone.
There are duplexes / triplexes / penthouses / townhouses, which are among the luxury options in Turkey.
Turkey also contains villas that are decorated with luxurious specifications, large areas, and impressive views.
-Who are the people most heading to Turkey in order to own real estate in it?
The Arabs are among the people who most preferred Turkey to own real estate, and the reason for this is primarily due to its proximity to them and because it is decorated with an Islamic character, and there is a great similarity in the customs, traditions and social systems that fall between the two societies, and this comes in conjunction with the fast-integrating nature of the Turkish people.
Why is Turkey's real estate different from all countries around the world?
Perhaps there are those who wonder about this, is Turkey's real estate better than the real estate of European countries, for example? This matter can not be taken from this aspect, but rather the differences that lie between the two places should be looked at. The fact that many people choose Turkey in order to own real estate does not mean that the other is not good. There are many common things between them, such as luxury, sophistication, modernity, keeping pace with architectural development, and conforming to international quality standards in building and construction. But Turkey is distinguished from others by the fact that prices are suitable for almost everyone, and in the most important Turkish cities as well, the best real estate can be found at special prices in Istanbul, such as those found in Beylikdüzü or Silivri.
Advice for investors
1- Care must be taken to extract all the required papers and documents, most notably the title deed that proves the ownership of the property to its owner / the real estate appraisal document, which has the authority to determine the price of the property with great accuracy and its importance lies in that it protects the buyer from being a victim of manipulation.
2- Before signing the contract, it is necessary to ascertain whether foreigners are allowed to own real estate in this area, that is, it is neither military nor security. It must also be checked if a permit has been issued for foreign ownership of the building, and if not, it must be sought to extract it.
3- It is important that the purpose of buying the property be determined at an earlier time, in order to avoid searching in a random, useless way, as the criteria differ according to the desired goal.
4- It is important to specify the specifications that you would like the property to have, such as the view / area / number of rooms / decorations / the floor on which it is located
5- One of the most important things that must be determined is the financial budget. Does it allow you to search for a property in the main cities in Turkey or force you to go to the sub-cities? Does it allow you to choose the luxury neighborhoods or focus your attention on the modest neighborhoods?
When buying one or more properties in order to obtain Turkish citizenship, do not make your goal centered on citizenship only. Mersat Real Estate presents investment offers that achieve profitable financial returns of up to 35% of the property value. For more details, contact the Mersat Real Estate team through mersat.net
2- Before signing the contract, it is necessary to ascertain whether foreigners are allowed to own real estate in this area, that is, it is neither military nor security. It must also be checked if a permit has been issued for foreign ownership of the building, and if not, it must be sought to extract it.
3- It is important that the purpose of buying the property be determined at an earlier time, in order to avoid searching in a random, useless way, as the criteria differ according to the desired goal.
4- It is important to specify the specifications that you would like the property to have, such as the view / area / number of rooms / decorations / the floor on which it is located
5- One of the most important things that must be determined is the financial budget. Does it allow you to search for a property in the main cities in Turkey or force you to go to the sub-cities? Does it allow you to choose the luxury neighborhoods or focus your attention on the modest neighborhoods?
When buying one or more properties in order to obtain Turkish citizenship, do not make your goal centered on citizenship only. Mersat Real Estate presents investment offers that achieve profitable financial returns of up to 35% of the property value. For more details, contact the Mersat Real Estate team through mersat.net
Editing by Mersat Real Estate Team©
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