Buying land in Turkey is one of the most important investments available in the Turkish real estate market today. In addition to the natural beauty that surrounds the country, Turkey is characterized by a strategic geographic location, active commercial markets.
In this article, we will discuss the importance of buying land in Turkey and what are the financial and investment benefits that can be achieved by owning a property in this beautiful country.
Must be reminded:
Beginning in 2024, the new amendments to the citizenship law will prohibit acquiring citizenship through land purchases.
Advantages of buying land in Turkey
Buying land in Turkey is a unique investment opportunity for investors of different nationalities, as land in Turkey has many advantages that make it a successful opportunity land in Turkey is suitable for agricultural exploitation and house construction, and it has low costs compared to other countries.
Foreigners can easily buy land in Turkey thanks to the decision issued in 2012 that allows everyone to obtain real estate ownership and thanks to the increased demand for land in Turkey, it constitutes a profitable and promising investment opportunity in the current period.
Opportunities to buy land in Istanbul
Buying land in Istanbul is a great opportunity for investors, as it provides them with many opportunities for success and profit in the field of real estate investment, Istanbul has many advantages that make it attract the attention of many investors, such as its strategic geographical location and economic strength.
Lands in Istanbul enjoy service and tourism advantages, which makes them suitable for the establishment of residential and commercial projects and land can be purchased in Istanbul at prices commensurate with its size and location, which makes it an attractive opportunity for both beginners and experienced investors.
Nationalities prohibited from owning real estate in Turkey
Turkey has an emerging and developed real estate market, but some nationalities do not have the right to own property within Turkish territory and this applies to North Koreans, Cuban, Armenian, Syrian, and Cypriot nationalities.
These restrictions may affect the desire of some investors to buy real estate in Turkey and if you belong to one of these nationalities, you should look for other options for real estate investment in Turkey, such as investing as a partner to another person.
Steps to buy land in Turkey
First, get a professional real estate consultant to help him find the right land and negotiate the right price secondly, you must ensure that the land does not carry any debts or legal problems and finally, the buyer must sign a purchase contract with the seller and pay the full price.
After that, the contract is registered in the Turkish Land Registry and a permit is obtained from the Turkish government to own the land.
Determine real estate investment goals in Turkey
Determining real estate investment goals in Turkey is very important for investors who want to get the most benefit from their investments and investors must determine the main purpose of purchasing the property, whether it is investing in residential or commercial real estate, as it also advises investors to determine their budget and willingness to take risks in real estate investment in Turkey.
Inspection trip and its importance before buying a property
Real estate studies indicate that the inspection trip before buying your dream property in Turkey is one of the most important stages that should not be ignored and it helps to ensure that the information provided by the seller and the official documents related to the property are correct.
The inspection process includes inspecting the property and matching its data through the Land Registry and Real Estate Records Directorate, and ensuring that there are no restrictions or reservations on the property and a real estate expert can be hired to conduct a complete evaluation of the property and ensure that it has the correct and required official papers.
Areas of successful real estate investment in Istanbul
Promising areas such as Basaksehir, Beylikduzu, Basaksehir, Sariyer, and the city center contain great investment opportunities in new facilities and residential and commercial complexes, which makes them a good choice for potential investors and buyers and these areas include attractive features such as proximity to public transportation, airports, major centers, shops, and prime residential areas.
Frequently asked questions about land investment in Turkey
Frequently asked questions about land investment in Turkey include several important points, including:
FAre there taxes on buying land in Turkey? How much is the tax rate? How much does land registration cost? Are there any special requirements for foreign investors in this regard?
Who are the authorities responsible for issuing building permission? Is it easy to obtain these licenses? What is the average land price in major cities? And is it possible to find special offers and discounts on land? Answering these questions is very important before making any real estate investment in Turkey and you can put it to our consultants at Number One Real Estate Company to get adequate answers.
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