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Benefits of buying a property in Turkey 2022

It has become curious to know why most people go to buy a property in Turkey, specifically to enter the field of real estate investment.

Investment in this country has become of great importance, which if we want to compare it with foreign countries, it will undoubtedly overcome. We do not want to exaggerate, but if this situation continues, Turkey will occupy the first place in successful real estate investments, but why all this interest and distinction? We will learn the following about the benefits of buying Real estate in Turkey.

 

The most important benefits of buying a property in Turkey:

First - you can give your children an opportunity to study in Turkey and learn Turkish culture by buying and living in an apartment for you in Turkey.
 

Second - Obtaining real estate residency, which is one of the most common types of residency and is characterized by the fact that it is renewable as long as the foreigner owns it.
 

Third - You can obtain Turkish citizenship by purchasing a property in Turkey with a value of no less than 250 thousand US dollars.

 

Fourth - real estate prices in Turkey fit all budgets, and the reason for this is the great real estate diversity in the real estate market.
 

fifth - Increasing your capital, as the more time passes, the greater the importance of the property, and consequently, its financial value will increase.

 

How to Own Real Estate in Turkey?

To buy real estate in Turkey, there are several ways and methods. You have to determine the method that you want to follow to find what suits you, and through the following paragraphs, we offer you the most prominent:



 

1 - Through a real estate company:

There are many advantages to buying a property in Turkey through famous real estate companies:
 
-You will be able to benefit from their years of experience and knowledge in the Turkish real estate market.
 
-This will greatly help you in your search for an ideal property in Turkey.
 
-Another great advantage is that you will have access to a wider range of properties than if you were looking for yourself.
 
-The best real estate companies in Turkey have access to a wide network of properties.
 
-When you work with a reputable real estate company, you can trust that it will help you every step of the way, from finding the right property to negotiating the best possible price.
 
-Real estate companies shorten a lot of time, effort and fatigue and save you the trouble of paying money in the wrong place.
 

2- Via websites:

If you are planning to buy a property in Turkey, it is recommended to use the services of a reliable website that offers a wide range of properties for sale. A good website will have a wide range of features included in it, so you can choose the one that best suits your needs and budget.
 
The website should also offer a variety of payment options, so that you can make the purchase without any hassle. Moreover, the site should also provide you with all the necessary information about the property, so that you can make the right decision.
 

Is it possible to buy a property in Turkey without the help of a specialist?

There are some very practical reasons to buy real estate in Turkey. One of the biggest advantages is that it is possible to buy a property directly from the developer without having to pay any commission to the agent. This can save you a significant amount of money.
 
Another advantage of buying property in Turkey is that the process is straightforward and relatively fast. It is not necessary to have a lawyer representing you, and the paperwork required is relatively simple.

 
Finally, if you are looking for an investment property, Turkey offers some great opportunities.
 
Real estate prices have risen significantly over the past few years, and there is no reason to believe that this trend will not continue. If you choose to search for a property for sale in Turkey on your own, there are many risks involved in this choice and you may be a victim of real estate fraud due to your lack of experience in the dimensions of the Turkish market.
 

Steps to buy real estate in Turkey:

There are many steps and procedures that must be taken when buying a property in Turkey in order to ensure that you have the right property for you, which are:
 
-The first step in buying a property in Turkey is choosing the right location. This is important because the location will determine the price of the property and the quality of life you will have.
 
-The next step is to find a real estate agent who can help you find the right property. A good real estate agent will be able to help you find a property that meets your requirements and budget.
 
-Turkish banks offer real estate loans to foreigners who want to buy real estate in Turkey. The mortgage process is similar to the process in other countries. You will need to provide documents such as your passport, proof of income and proof of employment.

 

The most important documents required for real estate ownership:

If you are thinking of buying a property in Turkey, you need to know the required documents:
 
-The first thing you need is a residence permit. You can get this by applying to the Turkish Consulate in your country. The application process may take up to three months.
 
-Once you get the residence permit, you need to obtain a tax number from the Turkish Revenue Department. This is required in order to buy a property in Turkey.
 
-You will also need to open a bank account in Turkey. This is necessary to transfer the purchase price of the property from your home country to Turkey.
 
-You will need a notarized copy of your passport and two passport size photos.
 
-The real estate appraisal document that controls real estate prices must be extracted.

 

Buying a property in Turkey in installments:

In recent years, the option of buying real estate in installments in Turkey has become increasingly popular. This is due to the fact that this type of purchase has many advantages, the most important of which are:
 
- It should be noted that the possibility of buying real estate in installments opens up opportunities for those who do not have a large amount of money. Thus, this type of purchase is available to a larger group of buyers.
 
-When purchasing a property in installments, the buyer has the opportunity to divide the purchase cost over a longer period of time. This makes it easier to finance the purchase.
 
It is worth noting that when buying a property in installments, the buyer has more flexibility in choosing the property he wants to buy. Thus, the buyer can choose the most suitable option without worrying about whether he will be able to afford it or not.



 

Buying a property under construction in Turkey:

There are many advantages to buying a property in Turkey that is under construction:
 
-You have the opportunity to buy the property at a price below the market value.
 
-You also have the opportunity to customize the property to your liking and specifications.
 
-You will enjoy all the conveniences and benefits that come with owning a brand new home.
 

Buying a property in Turkey with a sea view:

If you are looking for a property with a sea view in Turkey, there are many advantages to this choice. Here are some of the advantages of choosing a property with a sea view:
 
-Seafront properties tend to be more expensive, so you will be able to sell them at a higher price in the future.
 
-The value of the property overlooking the sea is likely to increase more than the property that does not overlook the sea.
 
- The property overlooking the sea is more desirable and it will be easier to rent or sell it.
 
-The seafront property has the potential to be used as a vacation home or rental property, which can generate significant income.
 

Types of real estate in Turkey:

The real estate market in Turkey is full of options and different types of real estate, and through the following paragraph we review them together.

 

First - Residential real estate:

It is one of the most common types of real estate as it contains many houses of different shapes and prices, and investors turn to it for the purpose of housing and living in it.

 

_ Old apartments in Turkey:

From its name, it is clear that it was built a long time ago, its age is more than twenty or thirty years, and its advantage is that it is suitable for most budgets. If the property is old, its price drops by about ten to twenty percent.

 

_ Apartments within a residential complex in Turkey:

It is often more expensive than the rest of the apartments because of the security services it contains, as it provides day and night guards, which helps you maintain security and safety, and also contains cleaning, care and maintenance services, swimming pools, gardens and private playgrounds.

 

_ Apartments outside a residential complex in Turkey:

They are apartments located in independent buildings, the low of which is a minimum of four floors, and the high of which is a maximum of ten floors. They do not provide all services as in the apartments within a residential complex, but they provide public services provided by the Turkish government and are working to develop them.

 

_ Duplex apartments in Turkey:

It is the most preferred type of apartments for families, due to its large area according to the buyer's need. There are apartments that contain a minimum of two rooms, and there are apartments that contain a maximum of six rooms.
 

It also consists of two floors, and if we wanted to describe them, we would say an apartment for each floor because of its large area, all of this and its cost is not very high.

 

_ Triplex apartments in Turkey:

Triplex apartments are loved by families because they contain three floors, meaning that their area is very large, and they are also of low cost. We can compare the Triplex apartments to duplexes because of their common characteristics and features.
 

_ Villas in Turkey:

It draws the attention of people who prefer to live in luxurious and recreational places, as it contains a back garden and a swimming pool in most cases. It is also surrounded by walls from all directions, and thus provides protection for its owner. As for its shape from the inside, it contains two or three floors and is therefore suitable for large families , but the price is somewhat high.

 

Penthouses in Turkey:

They are found in high-end buildings and are concentrated on the top and have an outdoor terrace and most often they have a private pool, and they are considered expensive.

 

Townhouses in Turkey:

They are small villas characterized by an attractive and unified architectural design, and most of the time they contain one or two floors.

 

_ Twin house apartments in Turkey:

It consists of two semi-connected villas, but they are completely similar, and each of them contains a private garden with a stunning view.

 

Second - Commercial real estate in Turkey:

This type attracts attention for the purpose of investment or trade, as these properties play a role in raising and advancing investment in Turkey. They are huge commercial buildings with many services available, and they are divided into many types that we will learn about together, namely:

 

_ Educational and medical buildings in Turkey:

The educational and medical buildings provide a guaranteed income, after the high population in Turkey, where the number of foreigners residing in Turkey is about five million people, this is not the local population, in which the proportion of young people is high, estimated at about twenty-five percent.

 

_ Restaurants and cafes in Turkey:

After the increase in the percentage of the tourist delegation to Turkey and its continuous and remarkable progress in the field of tourism, it became clear that it is necessary to increase the number of restaurants and cafes, which increases the percentage of income for Turkey and Turks or even foreigners wishing to buy a restaurant or cafe and invest in it.

 

_ Shops and stores in Turkey:

Since trade is one of the important income factors in Turkey and most of the world, buying a store and investing in it benefits the investor with a large and guaranteed income.

 

Third - Industrial real estate in Turkey:

This type of real estate is very common among investors, as its cost is lower than residential and commercial real estate, and it also includes factories and warehouses that return a strong and stable income to the owner.
 

We come to the end of this article after we have explained to you the most important advantages of buying a property in Turkey and we have informed you about residential, commercial and industrial properties, with our hopes that it will be of benefit to you. And do not forget that the best real estate investment opportunities we are keen to offer to our clients in accordance with their desires and goals.