Types of properties available for purchase in Türkiye
In this article, we will talk about the Types of properties available for purchase in Türkiye .
Real estate investment and types of real estate in Türkiye:
In recent years, Turkey has witnessed a comprehensive renaissance, in which the economic boom that was helped by the free regime was particularly prominent.
The stable political and security conditions, and the new legislation that provided many guarantees and facilities to investors, including foreigners.
As a result of the economic renaissance, there was a significant expansion in the real estate market, which witnessed an unprecedented demand by foreign investors.
Because of the guarantee of wealth that real estate ownership provides, and the high return, and because of the temptations that living in Turkey brings, both in terms of the beauty of its nature and the diversity
Its environment and moderate climate, or in terms of its cultural and urban development, or in terms of the flexibility of its people to accept those with different cultures,
Every person with taste will find in it what suits his taste, and every person with a need will find what suits his need.
All of this is in addition to the moderate cost of living compared to parallel countries in Europe, America, and even Arab countries.
In general, one of the reasons for the demand by foreigners to own real estate in Turkey, in addition to the investment goal, is
It is the possibility of obtaining Turkish citizenship for the buyer and his family if the value of the property reaches 400 thousand US dollars,
Or obtaining permanent residency for the buyer and his family if the value of the property reaches 200 thousand US dollars.
Types of real estate that a foreigner can own:
In this bulletin, we can provide a brief overview of these types of real estate, but it remains important that the investor or those wishing to own
A property for residence or investment must obtain prior legal advice about the type of real estate that suits it.
And the conditions and procedures you own, so as not to make a costly mistake.
Then obtain advice from a real estate expert who will show him the most suitable locations and properties for him according to his need, financial ability, and the true value of the property.
In these two areas of advice, we can provide our services free of charge.
Types of properties available for purchase in Türkiye:
1 – Residential real estate:
It includes apartments, villas, two-story apartments (duplexes), and three-story apartments (triplexes).
Some of these properties are located within a single building, and some are located within modern residential complexes that provide many services, including gardens, playgrounds, swimming pools, and…
Garages, security guarding, maintenance, and some shops to provide household supplies.
The residential complexes are distinguished by the fact that most or all of them are newly constructed, and the highest safety standards have been taken into account, especially earthquake protection.
Some of these properties are in the city center, some are on its outskirts, some are on the sea coast, and some are in the mountain highlands.
Hotel apartments: These are apartments located within buildings that provide services similar to hotel services and require a special license.
Apartments designated for tourist rental: These are ordinary furnished residential apartments that are rented to tourists for short periods.
2- Commercial real estate:
Because in industrial shops, there are areas designated for industrial works, as for simple industrial works that do not cause noise or cause harm
They can be found in various areas of the city, and some of them may require a special license from the municipality.
Note that in industrial shops, there are areas designated for industrial works, as for simple industrial works that do not cause noise or cause harm.
They can be found in various areas of the city, and some of them may require a special license from the municipality.
3- Educational institutions:
Such as schools, universities, language teaching institutes, and training centers for types of professions. These have special systems and designated areas.
4 – Medical institutions:
Such as hospitals and medical centers, and they have special systems.
5 – Agricultural lands:
It is located outside the cities, and it is not permitted to construct buildings there except within very narrow limits for the landowner’s residence and the necessary facilities for his agriculture or raising his animals.
In agricultural lands, it is required that an individual’s ownership not exceed an area of 300,000 square meters (300 dunums).
In general, ownership of foreigners in the administrative region does not exceed 10% of the region’s area.
It is also required to establish an agricultural project there within two years from the date of ownership.
6 – Shopping centers (malls):
There are very large numbers of these centers in Turkey, some of which rent their stores, and some of which sell the stores themselves.
Among the most important frequently asked questions:
1- How can a Syrian own property in Türkiye?
Turkish law generally allows foreigners to own real estate in Turkey, with the exception of some owners of very limited nationalities.
Among these nationalities excluded from the right to own property in Türkiye are Syrian nationality.
The reason for this is due to an old dispute between the two countries since the 1930s.
However, there are legal solutions in some cases:
For example, establishing a commercial company in Turkey, and the company can be made up of only one person, without the need for a Turkish partner. This company is considered…
A Turkish legal person, entitled to own real estate, for the purposes of the company, as for all Turkish companies.
In this case, the company is subject to the laws to which Turkish merchants are subject, in terms of taxes and the company’s work system.
Turkish citizenship can also be obtained through the marriage of a foreigner to a Turkish woman or vice versa, if this marriage lasts at least three years.
After that, whoever obtains citizenship can own real estate like any Turk.
Turkish citizenship can also be obtained by depositing an amount equivalent to five hundred thousand US dollars in one of the official Turkish banks.
Or establishing an investment project of this value, so that the depositor or investor obtains citizenship, and then can own real estate.
2- What are the conditions for obtaining real estate residency in Türkiye?
A foreigner can own a property in Turkey worth 400,000 US dollars for the purpose of obtaining Turkish citizenship.
However, it is also possible for a foreigner to own a property worth 200,000 US dollars, for the purpose of obtaining residency for the owner, his wife, and his children who are under the age of 18, and this residency continues as long as the person’s ownership remains.
This residency is subject to the following conditions:
– The person must have reached the age of majority according to the law of his country.
– Must be in possession of a valid passport.
– He has health insurance for the entire period of stay in Türkiye.
– He must have a bank account containing the equivalent of at least five thousand US dollars.
The procedures for obtaining this residency are:
– Submit an application to the Immigration Department in the Turkish state in which the property is located. Attached are the following documents:
– A copy of the passport.
– A copy of the property purchase contract.
– Property registration certificate in the Land Registry Department.
– Health insurance certificate.
– Bank account statement.
– A statement of the civil registry entries (souls) for family members, duly translated and certified
– Receipt of payment of the accommodation fee.
After completing these procedures, residency is granted to the applicant for a period of one year, then it is extended up to five years, after which the property owner has the right to request Turkish citizenship.
3- How to buy an apartment in Türkiye?
1 – It is advisable to first obtain legal advice, or advice from a reputable real estate company in the target state, to determine the type and size of the property and
Its location, engineering and legal conditions, and its age. And whether it is free of problems that prevent it from being empty, and the suitability of its price to the price level in His area.
2 – Search for the appropriate property either independently, or through a specialized real estate company.
3- Physical inspection of the property.
4- Agreeing with the owner on the price.
5 – Concluding the sales contract with the Turkish notary.
6- Pay the price in cash or by bank transfer.
7 – Registering the property in the Land Registry Department based on the contract concluded before the notary public.
Al-Hayat Company is at your service to provide all the necessary additional information and details about the Types of properties available for purchase 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
