Reasons for Algerians Buying Real Estate in Turkey
In recent years, the real estate market in Turkey has received an increasing demand from foreign investors, especially investors of various Arab nationalities, whose numbers have increased due to the recent Turkish government facilities regarding the purchase of real estate in Turkey. Among the Arab nationalities, there was a brilliant appearance of Algerian investors and businessmen who visited Turkey and purchased real estate and got the most important advantages granted to the real estate investor in Turkey. We will learn in this article the most important reasons that prompted Algerians to buy real estate in Turkey.
Reasons arising from the situation in Algeria:
In recent years, the real estate market in Turkey has seen a noticeable increase in the number of Algerians wishing to buy real estate in Turkey, due to the decline in Algeria that affected most sectors, perhaps the most prominent of which are:
Economic conditions:
The Algerian economy has witnessed a state of decline and instability in the last five years, which prompted most Algerian businessmen and money leaders to search for a way out of this economic crisis and for the most successful investment projects in order to maintain their financial balance, which prompted them to head to the real estate market, especially the Turkish market, because of its many advantages that ensure their success and profit.
Real estate market in Algeria:
In the last five years, the real estate market in Algeria has witnessed a state of stagnation due to the instability in the exchange rate of the Algerian dinar against foreign currencies, which negatively affected the movement of buying and selling real estate in Algeria.
High prices for real estate in Algeria:
Real estate prices in Algeria and Algerian cities are considered high compared to real estate prices in African and Arab cities near Algeria. If you want to buy an apartment in Algeria, you have to pay huge sums of money in exchange for an apartment in an upscale and serviced area.
What distinguishes real estate investment in Turkey is that it brings many advantages to the foreign investor, perhaps the most important of which are:
Getting Turkish citizenship:
The government has authorized the investor who buys a property worth not less than 400 thousand US dollars to get Turkish citizenship, but with specific conditions. Investors who meet the required conditions and who come from most countries of the world, including Algeria, and who wish to get Turkish citizenship had it only 90 days after purchasing a property in Turkey.
Getting real estate residency in Turkey:
The Turkish government has made it possible for investors, including Algerians, who want to get real estate residency to apply for it, but on condition that the property price is not less than 75,000 US dollars.
Getting a Turkish passport:
An Algerian investor who wants to get a Turkish passport and holds Turkish citizenship can buy a property in Turkey, which in turn allows him to enter most countries of the world. When we refer to the Turkish passport, we are talking about the most powerful passports in the world.
Real estate prices in Turkey:
The Algerian investor who wants to buy real estate can expand his real estate business due to the appropriateness of real estate prices in Turkey, and of the facilities provided by the Turkish government in the field of real estate investment, where the real estate investor can guarantee the continuity of his real estate business due to the large and continuous demand for buying real estate in Turkey.
Government facilities for Algerian investors:
The Turkish government has provided a large number of facilities in the field of real estate investment and the conditions related to the sale of real estate to foreigners, including Algerians, as it sought to work on the rapid completion of transactions related to the sale of real estate to foreigners and the absolute comfort in dealing with investors in order to complete the process of buying real estate as soon as possible, and also worked to exempt investors of the added tax, which saves him with an amount of money, this thing attracted foreign investors and urged them to buy and invest in real estate in Turkey.
Reasons arising from the desire to buy Turkish property:
The purchase of real estate in Turkey has become one of the most successful investment plans for businessmen in the world or for people wishing to live in Turkey, due to the many advantages that guarantee success and achieve profitable financial returns for the investor. Perhaps the most important of these reasons:
Turkey's strategic geographical location:
Turkey is considered a link between Europe and the Middle East, its location allows it to benefit greatly from the trade routes, making it a prosperous country that people come from everywhere to live in or for the purpose of tourism and enjoying a luxury life.
Living standard:
Turkey is characterized as having an average standard of living and is characterized by ease of life and living and cheaper prices compared to other nearby European countries. The Turkish government also provides many free services that contribute to improving the standard of living of citizens or those in the Turkish territory, whether for visits or those wishing to invest.
Strong Turkish Economy:
Turkey is characterized by a stable economic situation in the face of all internal and external challenges.
Security and stability:
Turkey is characterized by a high state of security, safety and stability that prevails in life and housing. The political stability that Turkey is witnessing has generated this situation in recent years in Turkey.
Customs and traditions:
What distinguishes Turkey is that it is very close to Arab customs in terms of hospitality, religious rituals and the habits of dealing in daily life. The Turkish people enjoy good friendliness and good dealings, especially with Arabs who wish to visit Turkey or those wishing to live in it, including the Algerians, who are increasing day by day.
Services and Education:
Turkey has a well-developed service infrastructure in various fields, such as transportation, roads, and entertainment service projects, hospitals, universities and schools, which are spread in most cities and regions of Turkey, that thing prompted many Algerian students wishing to study in
Related articles:
Cheap apartments for sale in Turkey
Real estate investment guide in Istanbul
Conditions for obtaining Turkish citizenship
Types of Turkish passport and its features
Benefits of buying a property in Turkey
How to obtain real estate residence in Turkey?
