|Wednesday, September 30, 2020
In the field of real estate investment in Turkey, the number of foreign investors grows significantly every year, especially from .
In the field of real estate investment in Turkey, the number of foreign investors grows significantly every year, especially from the Arabs, as a result of the facilities, incentives, and great offers in the markets, and because of the worsening conditions in the Middle East region and the increasing unrest that casts a shadow over the economic conditions and weak investment opportunities in the surrounding countries, and it has become important to know The most important rights that the investor will enjoy when making the decision to own and invest in real estate in Turkey.
The most important rights of a foreign real estate investor in Turkey:
The right to own property:
The real estate investor real estate in Turkey with all ownership of the right of a foreigner enjoys its various types in Turkish cities, unless they are near military security zones or the percentage of ownership by foreigners has been met, for the foreign buyer to him and offers all the advantages of real estate ownership in Turkey.
Obtaining the real estate appraisal document:
According to the decisions issued by the Turkish government in 2019, when selling any property to foreigners and before completing the official procedures, a real estate appraisal document must be submitted to be issued by companies specialized in evaluation in Turkey as a necessary condition to complete the sale to a foreigner, and this document includes an evaluation of the property price, which constitutes a safety factor The foreign buyer guarantees him that the prices will not be tampered with and is protected from fraud in the sale and purchase.
Obtaining Turkish citizenship:
The foreign investor in Turkey has become able to obtain Turkish citizenship by buying real estate in Turkey and the minimum value of real estate that the investor can apply for Turkish citizenship after purchasing has been reduced, and it has become approximately 250 thousand US dollars or its equivalent, provided that the property is not sold. It was purchased for three years from the date of transfer.
Many foreign investors have been encouraged by the decision and motivated by the purchase of real estate in Turkey because of the facilities and advantages of Turkish travel with advanced status. Traveling in the world between passports, and last year 2019, a thousand foreign investors obtained Turkish citizenship.
Obtaining residency permit:
One of the rights of the foreign investor in Turkey is to obtain real estate residency in Turkey when buying any property inside Turkey, and this residence allows him to enter and exit Turkey and move within it without the need to obtain a visa, and the foreign property owner has the right to renew this residence as long as the property remains in his name as he gets Real estate residency is the husband / wife of the property owner in addition to his children who have not yet attained the age of 18 years.
Obliging the contractor with all responsibility in the event of a defect in the property:
According to Turkish law, the contractor is obligated to fulfill his promises about the property's specifications and everything related to it, which he displayed in all advertisements, brochures and brochures, for a period of five years from the date of building the property, whether the defect was in concealing a defect in the property or not securing the furniture or the type of cladding that A promise to the buyer, if the buyer has the right, upon the occurrence of this defect, to file a legal complaint in this regard, and upon confirmation of that, he obtains his right either by terminating the sale contract and recovering the paid money or reducing the price of the purchased property after estimating the size of the defect or defect in it or replacing the property with another property It carries the same specifications that it has agreed upon with the contractor from the start, or the contractor compensates him by correcting the defects in the property itself by improving and completing them as agreed upon.
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