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Advantages of buying real estate in Turkey

  • January 10, 2019

Among the variety of options for long -term investment of funds, one of the leading positions is the purchase of real estate in other countries. Most often, for this purpose, investors are studied by cities with the most developed tourism sector. This is due to a large number of tourists visiting the area, and, consequently, the opportunity to earn on them.

Among the promising countries whose real estate makes sense to invest in finances, Turkey should be noted. This country gets greater benefits from tourism, as it finances a lot of state funds in it. Soft climate, Mediterranean coast, an abundance of beaches, many attractions, a debugged service – all this makes the country very attractive in the eyes of tourists and potential investors. Today, real estate in Turkey is interested in entrepreneurs as the main or additional source of income.

It is noteworthy that the Turkish government is well aware of its own benefit from foreign investments, and therefore local legislation was created so that investors meet as few obstacles as possible on their way. This applies to almost all regions of the country: real estate in Antalya, Istanbul, Cappadocia and any other area can be acquired by everyone who has appropriate means. The acquisition of such property provides an almost complete guarantee of a residence permit. It is only necessary to open a personal account in any Turkish bank from three thousand dollars, get a tax number and submit the necessary documents to the immigration service. Among other conditions – finding official work in the country, opening your own business, entering a Turkish university or marriage between a Turkish citizen and a resident of another country.

However, not only for commercial purposes, foreign citizens seek to acquire real estate in Turkey. Some are interested in the purchase and rent of apartments and villas for personal purposes – for permanent and temporary residence. The process of obtaining local citizenship is not particularly difficult, unlike many other countries. If you trust statistical indicators, then at the moment, among representatives of other republics, there are more than seventy thousand owners of Turkish housing. This applies to both Turkish tourist centers and less remarkable cities.

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