Buying Homes In Istanbul Turkey, An Investment Or A Home
Buying Homes In Istanbul Turkey, An Investment Or A Home
Istanbul is a beautiful city with enormous economic growth potential, with the real estate industry always on the rise. Buying homes in Istanbul can be a little tricky to someone looking for investment opportunities.
Home to most of us is where we live our lives stress-free without having to worry about rent. Having enough space to relax, work, and enjoy amazing and exciting moments with our families is a home.
Istanbul is a multicultural city, and you are most likely to see often homes in Istanbul full of foreign nationals and Turks all living together in a community.
Turks are friendly and loving people who embrace foreign cultures and accept people from all walks of life.
Integrating into a new community and feel being part of it is crucial, and this is what Istanbul is all about.
Buying homes in Istanbul can be challenging for most. It shouldn’t be you because Maximos Real Estate has answers to all your doubts and questions.
The Turkish government took the necessary steps to make buying homes in Istanbul and any part of Turkey easy.
In 2017, the Turkish government implemented new laws governing the acquisition of Turkish citizenship by foreign nationals.
The amendments now make it easy for foreign nations who meet specific specified criteria to be granted citizenship without any hustle.
If you want to be considered for Turkish citizenship, you should be willing to invest a minimum of $2,000,000 fixed capital in the country.
You can also get Turkish citizenship if you buy a real estate property estimated to not be below $1,000,000. You are not allowed to sell this property within the next three years after purchase.
Turkish citizenship can also be acquired by depositing a minimum amount of $3,000,000 into a Turkish Bank or by investing in the Turkish Government Bonds for at least three years.
All these are subjected to verifications by the relevant authorities. The laws in Turkey aren’t different from that of the European Union member countries and the United States of America.
All sources of funds used for investments must be proven to be of legal sources.
Advantages of Buying Homes In Istanbul Turkey
There are a lot of benefits to buying a home in Istanbul or any part of Turkey. From the easy acquisition of visa to the natural process of obtaining a residence permit.
Citizens of almost any country can visit Turkey without having to worry about a hectic visa application process.
Being an owner of a real estate property in Istanbul, Turkey, you’re given equal opportunities as the citizens of this beautiful country.
Here at Maximos Real Estate Turkey, we make the process of buying a property and change of ownership transparent and straightforward.
We make sure the essential document (TABU) for certifying ownership rights is made ready within a few days of purchase.
This vital document is issued and controlled by the Turkish Department of Cadastral Office.
This ensures transparency and void of any risk to the buyer and all parties involved. The cost of living in this wonderful city isn’t astronomical. Vegetables and fresh fruits are very cheap in Istanbul.
Turkish goods are mostly cheaper and of high quality than in Europe and The US. You’ll fall in love with the local jewelry as they all made of high-quality raw materials.
All these factors, including many others, have made Istanbul an attractive city for foreign investors entering Turkey. Henceforth, the demand for property acquisition and rent is high in the city.
As someone willing to rent out your properties after purchase, you’re guaranteed fruitful ROI.
The share of investments in the Turkish real estate sectors is between Twelve and Fifteen percent (12%-15%) of total foreign investment in Turkey.
The high liquidation of Istanbul real estateproperties gives you an advantage as an investor.
Residential real estate properties are developed with a wide range of services. The infrastructure is well developed and makes properties in such areas always in high rental demands.
