Many ask if foreigners can Investment in Turkey Real Estate? The good news is that everyone except four nationalities can buy apartments and villas in Istanbul and other parts of Turkey. Syria, Armenia, North Korea and Cuba. Some nationalities, such as Greece, Georgia and Russia, have restrictions. This is mainly because these countries share borders.
In Turkey, a law allowing multi-ethnic housing has been in force since 2012. Before that, only citizens of different countries could trade. But when the government changes the law, the Investment in Turkey Real Estate market also skyrockets with international sales.
It can not be bought in the military zone and is limited to hectares. In addition, we look forward to making the purchasing process more affordable and easier. Let’s take a look at the statistics that prove this system works. Foreigners bought 14,270 units in Istanbul in 2018 and increased to 20,857 units in 2019 (statistics from the Daily Sabah). Here’s what you need to know about the Istanbul housing market:
Tips for foreigners to Investment in Turkey Real Estate
1: Real estate prices
The price per square meter varies depending on the area. So you have to do your homework to make sure you are on a budget. Property located on the shores of the Bosphorus is the highest price per square meter. In particular, the Ottoman spear mansion is always sold for millions of dollars. Similarly, given the symbolic status of the Princess Islands, their precious Ottoman mansion means the purchase of a nostalgic piece from ancient Constantinople.
Similarly, shop in both old and new Istanbul’s Beyoglu or Fatty. And because it is a source of tourism, its price is high. Nightlife Currently, the suburbs of Europe offer the lowest price per square meter. This is because large investments in infrastructure also offer the ideal potential for capital increase. Learn more about Investment in Turkey Real Estate where to buy real estate. Leading areas of investment and lifestyle in this article.
2: Citizenship investment program for foreigners
Many clients also ask us if you qualify for residency or citizenship by purchasing a property. Every time you Investment in Turkey Real Estate, if you want to use it for more than 90 days out of 180 days, you have to apply for a residence visa. If you need citizenship, you must buy at least $ 250,000 in real estate and sign a statement that you will not sell for three years. Both the place of residence and the nationality under the investment project are separate from the property purchase process. But it is simple and easy. Read more about Investment in Turkey Real Estate through real estate investment programs.
3: Is investing in Istanbul a good decision?
It is true. Istanbul is not the capital of this country. But this is the main center of everything. Tourism, education, business, finance, art, culture, fashion, everything always happens in this city. However, do not dive directly into the deep. Due to the increase in capital, some developers offer unplanned discounts and interest-free payment plans. This will give you more opportunities to save money and increase your return on investment.
One of the reasons for Turkey’s popularity among many foreign buyers is its quick and easy buying process. It may take 3 to 6 weeks if your financial situation is ready. The first step is to decide on your budget. Remember to consider 9-10% of additional purchase costs such as taxes and legal fees. In Turkey, home buyers do not need a lawyer to Investment in Turkey Real Estate. Make sure
your contracts and payments follow government recommendations
The next step is to review the portfolio of apartments and villas for sale. Each list has a contact form for price, location, home style and details. Or if you are in Istanbul or planning to visit it, please contact us to arrange a trip to our neighborhood. Fits your lifestyle and potential features that fit your budget. Once you have selected your home, Investment in Turkey Real Estate will guide you through each step of the purchase process. Until you sign the document and put the key in the door. Learn more about the process of Real Estate Investment in Turkey. It’s just as interesting
Is Turkish real estate a good investment?
We helped many foreigners for Investment in Turkey Real Estate and other areas. Some of them bought them for use as a summer house. Some buy it to live here. Others buy because they need a profitable investment in real estate to expand their portfolio. This article describes how to maximize your return on investment. With safety tips for exploring the market.
Is Turkey a good place to live?
Here are many foreigners have immigrated to Turkey. People who enter the labor market go to big cities like Istanbul and Ankara. Most retirees settle in the city.