Advantages of real estate investment in Türkiye
In this article, we will talk about the Advantages of real estate investment in Türkiye
In the past twenty years, Turkey has witnessed a great renaissance in various fields, and this renaissance was particularly prominent in the economic and urban fields.
This development was accompanied by large facilities provided by the government to foreign investors, which helped expand and revitalize the real estate investment market.
This market is highly sought after by foreign capital.
The Turkish real estate investment market was characterized by many advantages that made it ahead of various foreign markets, especially European, American, and Gulf markets. Among these features are:
1 – The distinctive location of Turkish geography, the breadth of its area, the diversity of its environment, the beauty of its nature, and the moderate climate.
2 – The distinctive level of civilization of Turkish cities, and their infrastructure that takes into account the best international standards. And the subsequent network of highways, trains, and advanced airports.
3- The vast tourist market that enriches the economic activity.
4 – There is no inheritance tax for Al-Ahnabi
5 – The advantages and facilities given to foreigners regarding the ease of transactions and bank transfers and obtaining Turkish citizenship for the foreigner and his family in
If you own a property worth 400,000 US dollars, or obtain permanent residency if you own a property worth 200,000 US dollars.
There is no requirement for reciprocity with the foreigner’s country.
6 – Moderation of Turkish real estate prices compared to countries with similar conditions.
7 – Stability of the political, security and economic conditions.
8- The superior level of Turkish architecture, which was contributed to by many high-level architecture colleges.
9 – The availability of schools, universities, hospitals and medical centers of high standards in all Turkish cities.
Drains are also available in all residential areas.
10 – An open social environment, which allows the foreigner to easily integrate, whatever his culture.
11 – The free economy system pursued by Turkey, which gives the commodity its real value and allows the foreigner to practice trade and industry under the same conditions from which the Turkish citizen benefits.
12 – The cost of living in Turkey is moderate, and the options are wide, providing a decent living suitable for all income levels.
13 – The superior level of Turkish architecture, which was contributed to by the very many high-level colleges of architecture.
Among the most important frequently asked questions:
1- Does a Syrian have the right to own property in Türkiye?
After the Syrian obtains Turkish citizenship, he can own real estate there.
Also, a Syrian can establish a company in Turkey, even on his own, and this company is considered Turkish and is treated like a Turkish person, so it can own real estate.
2-Can a foreigner own property in Türkiye?
Turkish law allows foreigners to own real estate in Turkey, whether for housing, or to practice commercial, industrial, agricultural, or liberal professions.
Or for rent or for real estate trading, throughout Turkey, with the exception of very limited locations related to military and security matters.
The foreigner who wishes to own real estate is only required to be of the age of majority and to possess a valid passport from the authorities of his country.
This applies to foreigners of all nationalities, without requiring reciprocity, with the exception of very limited nationalities, including Syrian nationality among the Arab nationalities.
The reason for this regarding Syrian nationality is due to the disputes between the two countries since the 1920s.
However, Turkish law allows a Syrian to establish a commercial company in Turkey, and this company is necessarily of Turkish nationality, and is treated like Turkish companies in owning real estate.
3- Is it a good time to buy real estate in Türkiye?
The most appropriate time to buy real estate in Türkiye
The current time is considered very appropriate, for a foreign person in particular, to buy real estate in Turkey, whether for the purpose of trading in it, or for the purpose of using it for private interests, whether commercial, industrial, agricultural, or for self-employed work.
Due to the low exchange rate of the Turkish currency compared to the US dollar as a result of the circumstances of the last two years, real estate prices for owners of hard currencies have become very low.
However, due to the adjustment of economic and financial policies that is currently taking place, it is expected that the exchange rate of the Turkish currency will return to its previous state before the declines.
The latter, which means that real estate prices are expected to rise in the future, which constitutes a huge profit for real estate investors.
Al-Hayat Company is at your service to provide all the necessary additional information and details about the Advantages of real estate investment in Türkiye , about purchasing real estate in Turkey, and about various investment activities.
You can contact us either by letter or by phone.
Email address: [email protected]
Phone: 00905383726510
