Details of the most important information related to the process of owning real estate in Turkey by foreigners and Arabs.

Important information about foreign and Arab ownership of real estate in Turkey

Date:

Thursday, January 12, 2023

Details of the most important information related to the process of owning real estate in Turkey by foreigners and Arabs.

Today, Turkey is witnessing a state of aversion to it by investors from all over the world, in order to invest in real estate in Turkey, which is witnessing great growth and has become an important attraction for the region, and in this article we will talk more about the factors that contributed to attracting investors in addition to the information of interest Everyone who thinks of real estate investment in Turkey who does not hold Turkish citizenship.

Factors that contributed to attracting foreign investors to Turkey:

Distinctive strategic location: The location that Turkey enjoys is considered one of the most important factors that attract investors, as it is located between the two strongest continents, namely Asia and Europe, and thus it forms a link between the east and west of the world, and this helped a lot by giving it many advantages in all respects commercial, industrial and political.

Cheap real estate prices in Turkey : real estate and apartment prices in Turkey are low when compared to other countries in the region, despite the prosperity and progress that Turkey is witnessing, as you can buy an apartment in Istanbul , the economic capital of the country, with an amount of money that is not enough to buy any real estate. in other European cities.

The success witnessed by the real estate field: International real estate experts indicate that the real estate sector in Turkey is still witnessing successive successes and is still walking according to an upward trend. Studies indicate that real estate prices will rise in the next few years to achieve more profits, and this is what encouraged investors to buy real estate and profit guarantee.

Excellent services and infrastructure: Turkey is characterized by a distinguished network of infrastructure and provides many services at low prices. The cost of living in Turkey is cheap and there are many options that guarantee a comfortable life for all classes in society.

The date of issuance of the real estate ownership law for foreigners and Arabs in Turkey:

On the 3rd of the fifth month of 2012, important amendments were issued to the law on foreign ownership of real estate in Turkey and No. 6302 was taken, where many facilities were provided with regard to the purchase of real estate in order to encourage real estate investment in Turkey by foreigners, and the dealing law was dispensed with In the same way that existed in previous years, which stipulates dealing with foreigners with regard to real estate ownership and legal procedures in the same way that Turks are dealt with in the country of origin of the foreign investor, but later this law was canceled and this was what was like a prize for many investors as it was Allowing citizens of 183 countries to own real estate in Turkey , in order to stimulate the investment movement , and thus foreigners and Arabs are able to buy real estate in Turkey .

Conditions for owning real estate in Turkey by foreigners and Arabs:

No foreign citizen has the right to own an area of more than 30,000 feddans.
No individual who does not hold Turkish citizenship has the right to own lands located in security areas or military barracks.
No foreign or Arab individual can own land or real estate with an area of more than 10% of the total area of the region or district.
It is not permissible for any foreign individual to buy a property within the Anatolian countryside.
Any region or province can add additional conditions if it finds it necessary.

Tips on owning real estate in Turkey by foreigners:

You must go to the real estate department in Turkey in order to make sure of the owner of the property and his eligibility to sell the property , as well as to make sure that there are no problems , taxes or mortgages on the property .
In the event that no agreement is reached or disputes arise between the seller and the buyer, the case is transferred to the Turkish courts, which decide on this matter, as no other government agency, whatever its capacity, can intervene.
Before paying any amount of money in cash or signing any legal transaction, do not forget to collect sufficient information regarding the property and documents.
Even if you are well versed in the field of real estate , we advise you to deal with a reliable real estate company in order to guarantee your rights as they provide you with many services in terms of translating papers, providing real estate consultancy and reviewing contracts.

Countries that have the right to own real estate in Turkey without conditions:

The number of countries whose citizens are entitled to buy a property in Turkey without restriction or condition has risen to 129 countries, and we will mention some of them:

Saudi Arabia, Kuwait, the Arab Emirates, Qatar, Yemen, Oman, Sudan, Germany, America, Argentina, Azerbaijan, Bangladesh, Barbados, Belarus, Belgium, Wales, Benin, Bolivia, Bosnia and Herzegovina, Botswana, Brazil, Brunei Darussalam, Bulgaria, Burkina Faso, Burundi, Djibouti, Chad, Jake, Finland, France, South Africa, South Sudan, Georgia, Netherlands, Honduras, Britain, Sweden, Switzerland, Italy, Iceland, Jamaica, Japan, Canada, Montenegro, Kazakhstan, Kyrgyzstan, South Korea, Kosovo, Costa Rica, Luxembourg, Madagascar, Macedonia, Malawi, Malaysia, Mali, Norway, Panama, Suriname, Turkmenistan, Uganda, Venezuela, New Zealand.

This was the most important information about the process of owning real estate in Turkey by foreigners and Arabs. We hope that you have benefited, and in the end we must encourage the idea of real estate investment in Turkey and assure you that you will not regret it, but rather you will achieve quick wealth, so do not wait too long. .

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