Turkey has many natural, geographical, service and other ingredients that makes it a destination for foreign investors. Owning apartments in Turkey, especially Istanbul, is one of the most important aspects of investment for foreigners, whether it is for housing or real estate investment. In this article, we will present the conditions for owning apartments for foreigners in Istanbul in addition to introducing the best company Real estate investment to be your way to obtain a distinctive real estate investment.
Advantages of owning apartments in Istanbul
Istanbul is considered to have the highest percentage of real estate investment, as it has many advantages that it gives to investors, including:
● Owning apartments for foreigners in Istanbul gives the same advantages as real estate ownership in Turkey, including the possibility of obtaining real estate residency, a Turkish passport, as well as Turkish citizenship if the price of the apartment meets the required limit.
● Istanbul has a privileged location between the continents of Asia and Europe to form a distinctive mix and match of customs, traditions and social life.
● Istanbul is characterized by all the elements of natural and cultural beauty, where the mountain and sea views, as well as the historical sites that are abundant in the city.
● It has all the elements of a comfortable life, including a variety of services, in various fields, and at the highest levels, to ensure comfort and tranquility for its residents.
● The low cost of living compared to neighboring countries and the high level of services in addition to the distinguished level of schools and universities in Turkey and Istanbul.
● Reasonable and low real estate prices compared to their counterparts in European countries, in addition to the possibility of investing in real estate apartments for sale and rent to get a good return.
Conditions for apartments ownership for foreigners in Istanbul
Turkish law defines the conditions for real estate ownership for foreigners in Turkey in general, including ownership in apartments in Istanbul, and the most important of these conditions:
● Obtaining a tax number, as it is a necessary step for any ownership process, whether in the field of real estate or otherwise, as it is obtained from the Tax Department with simple procedures and within a short time.
● Avoiding security and military areas where the investor is not entitled to own an apartment in or near a security or military area.
● Committing to the area specified by the Turkish law for real estate investment in Turkey, which has a maximum of 30 hectares.
● If the foreign investor wants to own an apartment in order to obtain Turkish citizenship, he must fulfill the price of the property, which must not be less than 400 thousand dollars, as he must obtain a real estate appraisal to know the specifications of the property and determine its price to ensure that the condition for obtaining citizenship is fulfilled.
● In addition to the above, the due taxes specified by Turkish law must be paid to collect when owning a property or apartment within Turkey.
● Ability to own the apartment exclusively through full ownership or what is known as Tabu.
● There are some nationalities that are prevented by Turkish law from real estate investment in the field of residential apartments and others. There are also some nationalities that are allowed to invest within limits, under conditions that must be met.
These are the most important conditions for owning apartments for foreigners in Istanbul and Turkey in general. All this is in addition to the facilities provided by the Turkish government to foreign investors for real estate investment, including apartments.
Ryan Homes Real Estate Investment Company is your guide to owning an apartment in Turkey Ryan Homes has a distinguished position in the real estate field in Turkey, as it is considered one of the most important leading companies in real estate investment in Turkey, including residential apartments, as it has many advantages, the most important of which are:
● It is considered one of the long-established and most important licensed real estate investment companies that follows Turkish law as a way to provide the best real estate services within the specified legal frameworks.
● It includes expert staff in the real estate and legal field to provide distinguished advice to clients.
● It provides a lot of real estate offers, including residential apartments at discounted prices and exceptional and modern features.
● It works in continuous communication with clients to provide the best real estate services at any time with full credibility and confidence to be the safest way for real estate investment.
Ryan Homes is your partner in getting the best investment you want and with the best specifications, the client’s satisfaction is the company’s main gain.
