Factors helped the Chinese to buy a property in Turkey
Last Updated: 2023-07-27
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Factors helped the Chinese to buy a property in Turkey
Many investors around the world chose Turkey in order to establish their investment monuments in it because they found the right place in it in all respects, whether environmental, economic, cultural, or much else. These investors were not limited to specific countries, but emerged from all countries in the world. Among the most prominent nationalities that have invested in real estate in Turkey are Chinese investors. But the question is what are the factors that helped the Chinese to buy real estate in Turkey. This research will be discussed in detail in the next article.
How was the Chinese presence in Turkey?
It is known that the Chinese have always had a wide and large presence in any investment field that shows their presence in the markets, and their presence was not excluded from real estate investment in Turkey and the purchase of real estate, as they ranked number eight among those who bought a large number of real estate in Turkey. But perhaps another question arises "where the Chinese are located in Turkey?, or in other words," in which cities are their presence concentrated? The answer will be that, like other investors, they must have chosen the major cities with wide fame and many advantages. For example, you can find them, of course, in Istanbul, and certainly the Turkish capital, Ankara, followed by the city of Izmir, as this is one of the cities that most attracted the Chinese at all.
The legal imprint is what motivated the Chinese to buy real estate in Turkey
The first factor imposed by the Turkish government on investors in Turkey is that it determined the area that the investor can own and is not allowed to exceed it, which is only about thirty hectares. The Turkish government has also abolished the law whose constitution provides for reciprocity. Turkey has no relationship with other countries, as its laws are for it alone and do not link it to the laws of countries that violate the law. The procedures for acquiring real estate have also been simplified within laws that have no restrictions that make it impossible.
The nature factor most encouraged the Chinese to own real estate in Turkey
First of all, we can say that its advanced infrastructure that is made according to international principles is what encourages real estate investment and makes it a demand by everyone around the world. It also possesses the distinctive moderate climate of most of the governorates, which makes investment in them grab the attention. One of the most important natural reasons for successful investment is its location between Asia and Europe, which gives it several advantages. Finally, the stability in the economy is what makes projects in its land succeed, because not every day there is a decline and another a rise, which makes the investor in a state of fear and anticipation.
One of the factors that attracted the Chinese to buy real estate is the diversity of real estate
Also, one of the reasons for the successes achieved in Turkey for real estate investment is due to the large numberand diversity of real estate on its land. This makes the investor in front of several options, almost all of which are good and appropriate and do not lack anything, from which he chooses what suits his taste and satisfies him in terms of quality and in terms of money in his possession as well.
One of the most important factors polarizing the Chinese in Turkey is the ease of dealing with ownership
Turkish banks provide you with financial loans if you want to borrow a certain amount of them and make the interest on this loan very low and within reason. It is also characterized by the ease of the necessary procedures for the affairs of your project to proceed safely and without disruption, as all transaction papers are easy and are done easily and within a few days. For example, the treatment of limitation of inheritance is going as it is going in your country. You are not bound by the laws of others. Also, the real estate companies located on the Turkish land help you remove the questions that settle in your mind and form barriers that block the way for you. Also, you can finish the real estate appraisal paper within a very short period. Turkey is also distinguished from others by its plans, which include continuous development in real estate and infrastructure, with the aim of bringing real estate projects to the top of the pyramid and making it stable.
At the end of the topic, it becomes clear to us that there are many factors that encouraged and attracted the Chinese to buy real estate there, and the factors in this country are many and varied, some of them are economic, cultural and social. This great polarization of the Chinese came after a great break that lasted for several years and returned again due to the strong renaissance in the Turkish economy. If you are in Turkey, you will find a good number of Chinese there.
Editing by Mersat Real Estate Team©
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