Iraqis ranked first among foreigners who bought the most homes in Turkey last August, with 911 homes, followed by Iranians with 900 homes.The data of the Turkish Statistical Authority showed that Russian citizens ranked third with 451, Afghans fourth with 313, and Kuwaitis fifth with 264.Home sales to foreigners in Turkey rose last August, by 50.7 percent, compared to the same month last year, reaching 5,866 homes.The authority's data indicated that the total sales of homes in Turkey during last August amounted to 141,400.She added that Istanbul came first, selling 2,729 houses to foreigners, followed...
Regardless of the goal of buying real estate in Turkey, whether for the purpose of ownership and stability, or whether real estate investment of all kinds,There are mistakes that every foreign investor must avoid in order to securely and correctly own a property.  Not to deal with accrideted real estate companies during the trip to search for a property in Turkey:You may encounter some negative and unprofessional people in the field of real estate who will try their best to convince you with untrue ideas by saying not to rely on real estate companies and that they will...
The Taksim Mosque which overlooks the historic Taksim Square in Istanbul was opened on the last Friday of Ramadan on May 28, 2021, when it was the 568th anniversary of the conquest of Constantinople, with the participation of Turkish President Recep Tayyip Erdogan and Turkish officials.Thousands of worshipers participated in the first Friday prayer to be held in The mosque.The Turkish President thanked everyone who participated in the construction of the mosque, noting that "the Taksim Mosque is a new symbol of Turkey's independence."The Turkish President also stressed that the mosque is not only a place of...
In Favor of upgrading  the real estate sector in Turkey, Turkish President Recep Tayyip Erdogan signed a statement of amendment over the new Turkish citizenship law provided to foreign investors allowing them to obtain Turkish citizenship in return for a property contract so that the foreigner can apply for Turkish citizenship by purchasing a property under construction after it was limited to move-in ready real estate.The following is a picture of the decision with translation:Decision No. 418 regarding granting Turkish citizenshipThe decision was issued in accordance with Article 46 of the Turkish Nationality Law, No. 5901,...
What are the essential differences between apartments and houses? Today, Turkeydar Real Estate offers you enough information to choose the best for you.• In terms of price: usually apartments are cheaper than houses, and even the services available in apartments are cheaper than services of houses.• Social facilities: Social services and facilities are available within the compounds that contain apartments and are designed with the latest technologies, but they entail simple monthly returns paid to the management of the compound. As for the houses, the owner have to add any service he wants himself, and therefore these facilities...
It is known in the real estate market that the higher the quality of the property and the more services and facilities available in it, the higher the price. However, a property buyer may meet some properties that have special services, but at a cheap price, so what is the reason for the low price of real estate in Turkey.• The location of the property: We have previously mentioned how important the location of the property is and how it is one of the most important factors affecting its price, so the first reason that lows the price...
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The world, including Turkey, suffered from the repercussions of the spread of the Covid-19 pandemic and caused major economies to decline, so Turkey experienced a period of depression in which real estate sales fell relatively. But today, after finding solutions like the vaccine and others, the real estate sector has strengthened in Turkey, in the form of a clear increase in real estate sales.Recently, the Ministry of Environment and Urbanization and the General Directorate of Land Registry and Real Estate Registry conducted a joint statistical study regarding real estate sales in Turkey, and the result of this study was...
After the Turkish government facilitated the setting up  projects for foreigners as it provided them benefits in order to attract them, the best types of investments available in Turkey are now revealed.• Tourism investment: Turkey is an excellent tourist country , thanks to its picturesque nature, the development of its infrastructure as well as the various events held for tourists there. Therefore, investment in the tourism sector has become a high-return investment, especially during the tourism seasons in Turkey.• Industrial investment: Investment in the industrial sector is also a profitable in Turkey, in fact Turkey is an industrial...
Previously , we talked about property purchase taxes in Turkey, also we mentioned a tax called the property added tax or VAT tax, which is the property sale tax, with its value ranging between 1-8% of the property value. The 6824 law identified  exemptions from real estate tax, which are:• The property should be residential or commercial and not a plot of land.• The property owner must have owned it for a full 5 years.• To be the first person to own the property as he either built it or purchased it from a construction company directly...
• Purchasing in order to invest money in assets that their value increases in long term• Buying in fever of selling, which is the most profitable and the most important of which is buying a property under construction and selling it when it becomes ready to move.• Purchasing in fever of investment in tourist rental: This type is one of the most common types in Turkey, especially in the tourist areas. For this type of investment, the most important factor is that the location must be within a compound that includes all services and is close to...
After the increase witnessed by the Turkish economy , the attention was drawn to investment in Turkey, the Turkish government worked to develop all economic sectors in Turkey, including the real estate , as it provides a lot of facilities and advantages to investors in this sector, and thus the real estate market flourished significantly. But waht are key reasons that make real estate investment in Turkey profitable?? • Investing in real estate in general is considered the safest, as it necessarily guarantees good profits for the investor because it fulfills a basic need, which is housing. Therefore, the...
• First, make sure of the real owner of the property• Inclusion of all leased property in the contract, and if it is a workplace, it must be compatible with the ownership certificate.• Verify with the real estate broker if the process was done through him• In casre there is more than one owner of the property or the leased property, the signatures of all the owners must be included on the contract, and in the case of the presence of a real estate broker, the official authorization must include the signatures of all of them.•...