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Do I buy a property in Turkey in lira or in dollarsimage

Do I buy a property in Turkey in lira or in dollars

13/07/2021

Turkey with a population of 84 million is one of the most beautiful countries in the world to live in. Owning a house, living, and having a holiday in Turkey is the dream of thousands of foreign investors. For foreigners who want to buy real estate in Turkey, the Turkish Government offers unique real estate purchase incentives. With the reciprocity law in 2012, the obstacles to foreigners' purchasing real estate in Turkey were removed. In addition, the Turkish Government has provided foreign investors with many conveniences such as tax incentives, easy residence permits, and citizenship programs. In addition to all the conveniences offered by the Turkish government to foreigners, the temporary depreciation of the Turkish lira against the dollar is considered an important opportunity for foreign investors to purchase real estate in Turkey. A foreigner who wants to buy a property in Turkey in any foreign currency in dollars or euros can own real estate at a very affordable price due to the devaluation of the Turkish lira.

Which is better - buying a property in Turkey in lira or in dollars

The Turkish lira is a valuable currency that has an important place in the international market from the first moment it was printed. The Turkish lira, which has had hard times in recent years due to political policies and the Covid-19 pandemic, has lost value against currencies such as the dollar and the euro. Of course, this loss of value is a temporary situation for Turkey, which has a strong economy. Although the current situation in the country is a difficult process for Turkish citizens, it offers unique opportunities for foreigners using foreign currency. With the increasing exchange rate, real estate prices in Turkey have reached a very attractive level for foreigners. In 2021, foreign investors can buy a sea view flat in Istanbul, one of the world's largest metropolises, for 250.000 USD and apply for Turkish citizenship. By purchasing real estate in Turkey, foreigners can apply for Turkish citizenship with their families and benefit from the advantages of being Turkish citizen. A foreigner who acquires Turkish citizenship by investment in 2021 also has a Turkish passport and can travel to 110 countries without a visa.

For foreign investors who want to buy real estate in Turkey at affordable prices, the times when the exchange rate increases in Turkey are the best investment times. Buying a house in Turkey, which has the status of a developing country in the world, offers an investment opportunity that will make a lot of money in the future. Turkey is growing and getting stronger every year with its strong and stable economic policy.

With the depreciation of the Turkish lira, foreign investors' interest in Turkish real estate has greatly increased. With the increase in real estate sales to foreigners in Turkey, the real estate sector revived and continued to gain value. Thanks to the buoyant real estate market, new investments have started, and housing values have increased in Turkey. The real estate market in Turkey continues to gain value and gains for its investors.

turkish lira

Advantages waiting for foreigners who buy real estate in Turkey

Real estate investment in Turkey is one of the safest and most reliable investment types. A property purchased in Turkey certainly does not lose value. The real estate market in Turkey, which has shown great development especially in the last 10 years, attracts great attention from foreign investors. Buying real estate in Turkey provides many advantages to foreigners. The advantages offered by the real estate market in Turkey and the Turkish Government to foreigners are as follows:

  1. There is a VAT discount incentive by the Turkish government when buying real estate in Turkey for foreigners. A foreigner who wants to buy real estate in Turkey is exempt from high VAT fees.
  2. Foreigners can buy a luxury residence with a sea view for 250.000 USD in Turkey and apply for Turkish citizenship together with their family (spouse and children under 18). A foreigner who acquires Turkish citizenship also becomes a Turkish passport holder. In 2021, it is possible to travel to 110 countries without a visa with a Turkish passport.
  3. Foreigners who buy a property in Turkey (under 250.000 USD) can easily obtain a residence permit with their family (spouse and children under 18) and can easily renew it every year together with the title deed. Foreigners residing in Turkey with a residence permit have the right to apply for Turkish citizenship at the end of 5 years. Foreigners living in Turkey with a residence permit can benefit from many advantages provided by the Turkish Government with their families. Click for detailed information (https://diyarturk.com/blog/news/difference-between-turkish-citizenship-and-residence-permit-in-turkey)
  4. The real estate sector in Turkey is one of the most developed sectors. Houses in Turkey are built with ultra-luxury, modern, and quality materials. Foreigners generally buy luxury residences with new and rich social facilities in Turkey.
  5. There is no need to take out a loan to buy a house in Turkey. Many construction companies in Turkey offer easy payment options for residences under construction. The construction companies offer 12-60 monthly installments with 30-40-50% prepayment for projects that are under construction.
  6. Turkey is a rare country that has a different natural, cultural and historical beauties in each city. This brings with it many social opportunities. There are all kinds of social opportunities in Turkey, from sports activities to cultural activities, concerts, and entertainment.

buying real estate in turkey

Services Provided by Diyar Turk Real Estate

Diyar Turk Real Estate provides 100% satisfaction guaranteed before and after-sales services with its professional sales team. As Diyar Turk Real Estate, the services we offer to our customers are as follows:

- As the professional real estate consultants of Diyar Turk Real Estate, we listen to the needs and wishes of our clients and offer the most suitable properties for their budget with the best price guarantee.

- We take our clients from their hotels and organize real estate tours and enable them to see the properties they are interested in (If the client requests, we provide support for travel plans to Turkey).

- We assist with transactions such as opening a bank account, getting a tax number, etc.

- We offer experienced and reliable lawyers to support our clients' legal processes in Turkey.

- We assist in processes such as real estate valuation reports and title transfers.

- We assist in transactions such as electricity, water, natural gas, and internet subscriptions required for flat use.

- We assist in insurance transactions such as compulsory property insurance and DASK.

- We provide advice in the interior design of the apartment and in the process of purchasing furniture.

- When our clients want to resell or rent the purchased property, we resell or rent it for them.

Please do not hesitate to ask any questions you may have. You can contact us via our website or info@diyarturk.com e-mail address.

 

Diyar Turk Real Estate is offering you the best services which are saving your time and money during your journey to find the suitable property for you and your family
Our services
- Real Estate marketing
- Real Estate consulting
- Turkish citizenship programs through real estate investment
- Real Estate tours
- Real Estate management
- Buying and selling the properties
- After sales services
Don’t hesitate to contact us through our social media platforms… our real estate agents are waiting for you

Diyar Turk Real Estate team

 

Related articles :
Apartments for Sale in Turkey 2020-2021
The Turkish citizenship features
Advantages of buying property in Turkey
Apartment for sale in Istanbul 2020-2021
How to Obtain Residence Permit in Turkey
Real Estate Prices in Turkey 
Turkish citizenship by investment
The best places in Istanbul for residency
Villas in Istanbul 2020-2021
Real estate investing in Turkey

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#turkish_citizenship  #real_estate_turkey 

 

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