turkey comes in the seventeenth place as a global economic power, and a distinguished country for investment. in less than a decade, turkey has managed to multiply per capita income nearly three times.
real estate investment conditions in turkey:
1- determining the goal of buying real estate, is it housing or investment?
2- the most suitable location for the property.
3- the price of the property.
4- legal procedures for owning the property.
5- the real estate agent best suited to communicate with him (such as a share company).
6- the condition of the property (old or new).
7- type of property (ready or under construction).
in 2018, the turkish government amended many laws on real estate and owned by foreigners, so every person who thinks about investing must know the following:
* if there is a possibility to obtain the right to own real estate.
* the total area of real estate does not exceed more than 30 hectares in all of turkey in general.
* should the real estate not be located in military or security areas because it is not permissible to sell them to foreigners according to the law?
* if the real estate is mortgaged or subject to any measures that prevent its sale.
* if the property owner has the right to dispose of his property or not.
* take sufficient information from the directorates of real estate records before signing any contracts with legal characteristics, as well as for the payment of the price.
* not to start the sale and purchase transaction before knowing the owners of the real estate or the companies responsible for that
* the turkish ministry of foreign affairs or any foreign representation is not related to any legal matter.
* if a case is brought, he will go to the turkish courts.
what is the benefit of real estate investing?
you can open a company, restaurant, or the like, but if you don’t like it, there are residences, apartments and houses
advantages of investing in turkey:
* the possibility of building real estate rights for the future.
* the possibility of real estate investment from reaping negative income.
* the possibility of providing cash flow for retirement.
* the ability to enjoy the benefits of diversifying your investment portfolio with physical assets.
* the possibility of hedging against inflation.
* ability to enjoy tax benefits
* the value of real estate increases over time.
* high real estate investment returns
* the value of real estate increases over time.
* investing in real estate is relatively safe.
some people may ask what are property rights?
ownership rights mean the difference between the purchase price of a real estate and the current price of the real estate. if a real estate was purchased for $ 250,000 and sold for $ 300,000, the real estate rights to this property are $ 50,000.
also, real estate rights to the real estate are defined as the difference between the market value of the home and the amount of your mortgage loan.
simply equity is the money you’ll get after paying off the mortgage loan if you want to sell the house.
