Real estate information about Turkey and owning a property in Turkey

After the great activity witnessed by the Turkish market in the past few years in various fields, and the real estate sector excelled over other fields, and Turkey in general, and the city of Istanbul in particular, became a center of attraction for foreign investors from all over the world, many foreigners resorted to buying their real estate in Turkey and entering the real estate world in Turkey . 

If you make the decision to buy a property in Turkey, you need to know a lot about the important real estate information to ensure the success of the real estate investment process in Turkey, so we decided to provide real estate information related to owning real estate in Turkey legally . 

Let's start with some real estate inquiries related to buying real estate and apartments in Turkey 

Is buying a property in Turkey (ownership in Turkey) lifelong ownership ? 

Certainly, ownership in Turkey is lifelong ownership, and foreigners have the right to inherit the real estate in Turkey that they bought for their families, and to register the file of the heirs in the housing department in the city in which the property is located . 

One of the steps or procedures for ownership in Turkey is to go to the tax department concerned with buying a property in Turkey and obtain a tax number for the buyer, after that opening an account for the buyer of the property in a bank that has agreements with Middle Eastern banks, and the conclusion of a contract between the seller of the property in Turkey and the buyer of the property in the presence of a lawyer or Without him in the corporate office . 

The title deed paper for the property must be attached to the initial contract signed by the signatory of the contract or his representative, in addition to a copy of the building permit, two personal photos of the buyer, a copy translated into Turkish and certified by the buyer's passport, and a copy of the identity card of the seller . 

Then the buyer pays part of the value of the property in order to reserve the property, and it takes no more than two days to register the apartment in Turkey. As for the registration of the property, it will be done through an employee from the state and a sworn translator to answer the inquiries of the property buyer . 

Disclaimer: There are types of title deeds in Turkey: agricultural title deeds - residential title deeds - construction deed - floor easement deed, and we will now explain in detail about the agricultural and residential title deeds . 

Are there real estate taxes in Turkey incurred when buying real estate and apartments in Turkey ? 

Yes, and they are certain cash amounts, commensurate with the type and price of the property in Turkey, paid by the buyer or investor in exchange for obtaining ownership of this property, transferring its ownership, or in exchange for various services, and these taxes may be monthly or annual, and some of them are paid For one time, or pay repeatedly . 

Is it possible to buy a property in Turkey by financing an Islamic bank ? 

Certainly, it is possible to use the financing of Islamic banks to buy real estate in Turkey, after the bank in your country accepts the purchase of the property and then transfers the payments to the owner in Turkey . 

What is the lowest amount that can be paid to buy a property in Turkey ? 

Real estate prices in Turkey vary according to the region in which you want to buy a property. You can buy a property in Turkey in installments. You will find a number of projects under construction (residential complexes in Turkey) that provide you with installment and sale services with a convenient monthly payment system for several months. The Arizona Real Estate Development Company enables you to buy a property in Turkey in installments . 

Is there a specific limit for the total areas of real estate purchased in Turkey ? 

The total area of real estate in Turkey owned by a foreign expatriate from Turkey should not exceed 30 hectares . 

Should I buy a ready-to-move-in property or a property under construction in Turkey ? 

Each of these properties has its pros and cons. If we talk about the sums paid for its purchase, the payment in the ready-made apartment is immediate without installments. When you buy a property in Turkey under construction, you will be able to benefit from the installment offers offered by the construction companies, as most of the investors in the apartments are under construction. They do not pay the price of the apartment in cash, and the profit margin is high according to the region in which the project is located, as it can reach 50% sometimes . 

What are the advantages of buying a property in Turkey?

Turkey's proximity to the Arab countries, which allows the property buyer to make easy visits between his country of residence, Turkey, and his home country.

Turkey's customs and cultural heritage are similar to the Arab countries in many ways, especially religiously and morally, as well as the types of food and clothing.

Turkey, due to its similarities with the traditions, methods and morals of the Arab countries, is suitable for education.