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Why are Egyptians attracted to the real estate sector in Turkeyimage

Why are Egyptians attracted to the real estate sector in Turkey

04/09/2021

Many different nationalities in the world are trying in various ways in order to buy and own real estate in Turkey, and you can find between these western nationalities and eastern ones, and the eastern ones are considered an essential and effective element in real estate arena. The most important of these Arab eastern nationalities is the Egyptians, so you can find a large presence of Egyptian real estate owners and investors in Turkey. You must know that the Egyptians in Turkey have many secrets and many details and specific reasons that made them take that step. To know the details related to the Egyptians buying real estate in Turkey, you should follow the following article.

What are the most important reasons that made Egyptians want to buy real estate in Turkey?

There must be multiple reasons that made Egyptians prefer to buy real estate in Turkey, and the most important of those is that the relationship between the Egyptian and Turkish people is excellent. They agree on many common aspects between them at the level of the people and also at the level of governments as there is a clear agreement between them, also there are many Egyptian families who permanently settled in Turkey, and here appears the need for their relatives to visit them and thus they need a property in which they reside for the period of their stay on Turkish lands, and this is also one of the reasons that made the Egyptians acquire these properties. You must also know that there are many investment projects that need labor from their country. And finally, what connects Turkey and Egypt is too great to be described as there is a historical extension of great depth between the two countries.

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What is the rank that Egyptians occupy in buying real estate in Turkey among foreign investors?

The Egyptian investors were and are still among the first to invest in Turkey among all foreign investors, and of course, this competition for real estate ownership in Turkey appeared only after the Turkish government worked to facilitate the procedures for acquiring properties on its land, and of course, we cannot deny that the Turkish economy has an effective hand in attracting them because it is the excellent and distinguished economy and rises in the passage of years, and this is what the investor usually wants most.

Can Egyptians buy all types of real estate in Turkey?

In general, Egyptians can acquire almost all types of real estate, such as all residential real estate and everything the sort, as well as commercial real estate, as well as tourism real estate, but we should note here that Egyptians may find some difficulties if they want to own land because it needs the Egyptian investor to own Turkish citizenship or  s/he should be the owner of a company or similar kind of business.

What are the documents or papers that Egyptians must bring when buying real estate in Turkey?

There must be some necessary papers in order for Egyptians to own real estate in Turkey, and these papers are: two personal photos of the owner of the property and the passport must be certified and stamped by the Notary after it has been translated into the Turkish language in advance. S/he must not forget to extract a tax number in addition to paying all the sums for the title deed, and all the papers and documents that we mentioned above must be done by the person concerned in an official manner, so it is not permissible to send an agent on his behalf. In addition, if the Egyptian investor is able to open a bank account in his name, then this will be good for him because this step will help him a lot and save him a lot of money and time later.

One of the most important reasons that made Egyptians eager to buy real estate in Turkey is financial profits:

If you are an Egyptian investor, the material profits that will return to you will be excellent since you can rent the real estate that you own on Turkish lands, and if you rent it during the arrival of tourists to the country, it will generate a lot of money for you because the tourism season is purely commercial that property owners usually take advantage of to gain huge revenues. The tourism season is usually in summer and in the moderate seasons as well, however, the profits during the rest of the year are somewhat acceptable. In general, Turkey is a comfortable place to live in because it contains a spectacular nature like no other; you will enjoy looking at its mountains, strolling in its gardens, and swimming on its shores. In addition, its apartments are equipped with the best international specifications and the best architectural model makes them a target for every person who thinks of a comfortable and enjoyable life. It becomes clear to us that the material goal is the largest share behind this ownership, especially after Egyptians found the facilities presented by the Turkish government.

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The Turkish government's role in attracting Egyptian investors to its land:

The Turkish government has defined the area that the investor can own, which amounts to only about thirty hectares and it is absolutely not allowed to be exceeded. It also abolished the law that its constitution provides for reciprocity, as Turkey has no relationship with other countries since its laws pertain to it alone and do not link with the laws of countries that violate them.

It becomes clear to us at the end of this article that the Egyptians are one of the most effective investment elements in the Turkish state. We showed the most important reasons that made them take this real estate step. It also showed us the most important things that must be noticed so that the ownership of the property in Turkey is transferred to the Egyptian investors. The Egyptians were among the pioneers in real estate investment, and we tried as much as possible to mention all the details related to this topic.

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