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Investing in under construction real estate in Turkey

Investing in under construction real estate in Turkey

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With the increase in interest in real estate investment in Turkey , and the availability of distinguished real estate projects , the interest of Arab investors in moving towards Turkey with a view to investment or stability has increased , and interest in investment opportunities has increased within the various Turkish cities , and research shows that real estate sales in Turkey have increased in recent years . This means that people who visit Turkey have decided to settle there for various reasons , and this has coincided with a lot of facilities provided by the Turkish government to foreigners constantly to encourage real estate investment , including amending some laws and opening the door for many nationalities to own property .

 

Real estate projects vary in Istanbul , and they are distributed throughout the city , and their locations differ between the new Istanbul areas and the old neighborhoods , and real estate opportunities in Istanbul are numerous due to being the economic capital of Turkey , and investors have turned their attention to them of different nationalities , and the purchase of real estate has become in Istanbul , the ambition of Arab and foreign investors .

And certainly when making the decision to buy a property in Istanbul , there are several questions for the next two to buy , and among these questions which is better , buying a property ready to live in Istanbul or a property under construction ?

There are several factors that determine the best for those intending to buy a property in Istanbul . The ready property has certain features and characteristics , and the property under construction also has features that are very suitable for many .

Ready to move real estate in Istanbul is characterized by being a safe investment for many , so buying an ready apartment in Istanbul gives you an opportunity to preview the full details on the ground , so that you can check the apartment before purchasing and ensure the quality of finishing and the materials used , as well as ready apartments allow you for housing in Istanbul , choose the view that suits you better than the projects under construction in Istanbul .

 

On the other hand , the property under construction in Istanbul is considered the best in terms of investment , and by benefiting from a high price in the future , Istanbul real estate and residential apartments in Istanbul have witnessed an average rise of nearly 30% from the beginning of building projects until delivery , so many of the works interested in investing in Istanbul to buy apartments under construction and resell them in the future , and this type of investment is a long-term investment , its results are not fast but have a high profit rate .

Also , buying an apartment in Istanbul under construction gives you the opportunity for long installments , as the projects under construction in Istanbul offer long installments compared to the ready projects in Istanbul .

 

The purchase of a property in Istanbul ready for delivery gives you the possibility of housing and the immediate transfer of the apartment , and the opportunity to apply for residence , through the title deed that is available for real estate ready for housing , so that the property deed is a necessity for obtaining real estate residence .

Certainly when planning to buy an apartment in Istanbul under construction , you must confirm the history of the construction company based on the project , and its ability to complete the project and deliver it according to the date specified in the contract .

The projects , with the guarantee of the Turkish government under construction , are considered the best options for a safe and profitable investment , as the lands of the Turkish government are located within investment areas , because of their proximity to the most important investment projects in Istanbul , such as the New Istanbul Canal project and the third airport .

 

 What motivates and encourages investment in Turkey ? 

The countries of the world are racing to attract investors , in order to stimulate the local economy of the country , by pumping money into the arteries of the country , and the development of its projects , but Turkey is distinguished from other countries with unique investment incentives . What motivates and encourages investment in Turkey ?

  1. The strategic location of Turkey . Turkey , a modern and developed country , with a history and ancient civilization , which is located in the middle of the world , and it is divided widely on the continents of Asia and Europe and combines the originality of the East and modernity of the West . The Republic of Turkey is divided into 81 provinces , and Ankara is the capital of the country , and Istanbul is the financial capital and cultural and economic heart of the country , and the Republic of Turkey includes major and famous cities such as : Izmir , Antalya , Gaziantep , Diyarbakir , Konya , Bursa and others lots .
  2. Low tax in Turkey , the decision to reduce taxes in Turkey is one of a series of decisions concerning the real estate sector in Turkey , and was reflected positively in stimulating foreign investors to own property in Turkey , which contributed to the revival of the real estate market in Turkey in general . The most important tax deductions are : Exempting the foreign buyer from the value added tax due on the property .
  3. Strong and developed infrastructure , as infrastructure projects in Turkey continue at a steady pace . The Turkish Minister of Transport and Infrastructure has announced that his country has completed projects in the transportation sector with a total value exceeding 150 billion Turkish Lira ( $ 26 billion ) . Among the most anticipated infrastructure projects are the 3-storey Istanbul Tunnel Project and the Istanbul Canal Project .
  4. The rapid growth of Turkey's emerging and developing economy . Since late 2017 , economic growth rates have exceeded official forecasts and indicators of Turkey's statistical and economic institutions . Turkish and foreign economists point out that Turkey's economic growth rate will reach around 12% in 2019 , the highest rate in Turkey's economic sector since 2015 .
  5. Skilled and competitive labor , where the Turkish President , Recep Tayyip Erdogan , that the labor force in Turkey rose from 22 million , in 2002 , to 29.5 million , stressing the increase in employment despite the increase of labor in the country .
  6. Turkey is a member of the G20 , the world's 20 largest economic powers . The G20 is a group of 19 countries as well as the European Union , and the meetings of this group focus particularly on economic policy topics .

 

 What are the advantages of buying a property in Turkey ? 

  1. Low tax in Turkey , the decision to reduce taxes in Turkey is one of a series of decisions concerning the real estate sector in Turkey , and was reflected positively in stimulating foreign investors to own property in Turkey , which contributed to the revival of the real estate market in Turkey in general . The most important tax deductions are : Exempting the foreign buyer from the value added tax due on the property .
  2. Obtaining a residence permit , where foreigners who own properties in Turkey , whose price is less than $ 250.000 , are granted a residence permit that is renewed annually . Real estate residence permit in Turkey is granted to the landlord , his wife , and his children under the age of 18 .
  3. Real estate in Turkey is the cheapest real estate investment in Europe , where real estate prices in Turkey are considerably cheaper than those in Europe , with similar features in infrastructure , and similar in structure of developed European countries .
  4. Real estate investment in Turkey provides a profitable investment return , based on the economic activity and rapid urban development , and the strength of tourism in Turkey , which is best reflected in the periods and tourist seasons , through the demand for rental homes during those seasons distributed throughout year .

 

 What are the documents required to obtain Turkish citizenship when buying a property in Turkey ? 

  1. A copy of the Tapo ( title deed of the purchased property ) , or the promise of sale contract with the notary ( Noter ) .
  2. Valid evaluation report of the property , the validity of the real estate evaluation reports is three months , and the value does not exceed the value recorded in the title deed , and has a specific issuance cost , and is extracted within two or three working days by a valuation institution licensed by the Turkish government .
  3. Original payment receipts from the buyer's account , stamped from the sending bank .
  4. Original receipts from the seller's account , stamped from the receiving bank .
  5. Two copies of the proxy of the application for citizenship , granted by the investor to the law firm to submit the file of citizenship , and follow-up with the official departments . The proxy is organized through a Notary in Turkey ( Notre ) at an estimated cost of 600 to 700 Turkish Lira per copy . If the investor's spouse is added to the naturalization file , a similar proxy must be provided for each of the spouses , and one joint proxy may be organized for the client and his wife . The fees of the legal team vary according to each case in terms of the number of papers and the number of individuals in the file and others .
  6. Translation of the passport into Turkish , certified by a notary in Turkey ( Noter ) for the whole family : husband , wife , and children under 18 years of age .
  7. Picture of the last Visa and entry to Turkey .

 

 What are the advantages of obtaining Turkish citizenship ? 

  1. The strength of the Turkish passport , where the Turkish passport is ranked 39th in the world , and its holder is granted access to 72 countries without a visa .
  2. The Turkish passport and citizenship are processed and delivered in a relatively short period of up to 30 days .
  3. Turkey's relationship with the European Union , where negotiations and agreements between the Turkish government and the European Union countries on the accession of Turkey to the European Union are still underway . Turkish citizen has the right to enter Europe without a visa in the future .
  4. Possibility of Turkish passport holders and Turkish citizenship to benefit from retirement programs as a Turkish citizen .
  5. The Turkish government provides free education and payment plans to the university for Turkish passport holders and Turkish citizens .
  6. The Turkish passport gives the holder all voting rights for all types of elections in Turkey .
  7. The Turkish government allows dual citizenship for those holding Turkish passports , as they may also have another citizenship .
  8. Turkish passport is valid for 10 years when received , and can be renewed for life .
  9. The economic importance of Turkey , including the ongoing reforms undertaken by the Turkish government in order to revive its economy constantly .

 

 Projects suitable for Turkish citizenship 

  • RH 180 - Ready luxurious homes with direct sea view in Zeytinburnu

The project was built on a land area of 63.500 square meters . It consists of 6 residences blocks plus 1 hotel block , with its green spaces of 51.500 square meters .

The project offers apartment options ranging from 1   1 to 5   1 , in addition to garden duplex and penthouse .

The project located on the European side of Istanbul , in Zeytinburnu district , on the shore of the Marmara Sea ,  just outside the walls of the ancient city .

The project located at the very intersection of all new transportation systems , road , sea and rail systems of Istanbul right beside the Historical Peninsula .

In this project , the sea will become part of your daily life . You can reach the marina with only one minute’s walk from your home over the footbridge directly connecting the project to the shore .

The project includes many services and facilities that meet all your needs , such as parking for cars , video intercom system , gardens , playgrounds , swimming pools , sauna and others .

The project also offers security and surveillance cameras 24/7 .

The project is ready for delivery , and for more details please visit the project link here : RH 180

 

  • RH 80- Apartments with Bosphorus view and suitable payment plans in Sisli 

A first class residential and investment project in the center of Sisli , specifically in the fast growing Bomonti area .

The project is located in one of the most famous areas on the European side of Istanbul , Bomonti district , a growing area that attracts the attention of investors at the moment , which is characterized by easy access to the most vital places in the city , and its proximity to shopping centers , airports , hospitals , universities and schools .

The project location is just 8 minutes away from Taksim .

This project has been designed in line with the highest quality standards in real estate in Turkey .

All apartments have private balconies with views of Istanbul or the Bosphorus .

The project includes special facilities that provide residents with comfort and entertainment and meet all their needs such as swimming pools , gym, walking paths , sport courts and restaurants , in addition to surveillance cameras and security .

Invest in this project today and benefit from its prices which will increase by 40% after the completion of the project .

All the project details in this link : RH 80

 

  • RH 163 - One of the best projects in Maslak , ready for housing with a view of Belgrade Forest 

Apartments for sale in Istanbul in a huge project like a full-service city , which includes a shopping center , 5-star hotel and integrated social facilities .

The project provides an ideal choice for housing and investment . The project was built in three phases : the units of the first residential phase have been completed and fully sold , the second phase includes shops and a shopping center , while the third and final phase is a mixture of residential and commercial apartments .

The project is located on the European side of Istanbul , specifically in Maslak , one of the largest real estate development areas in the city .

Maslak is one of the main central districts of Istanbul and it is one of the fast-growing areas of the city .

Maslak area is close to transportation links that will take you to all parts of the city in a few moments , and you can easily access the main areas and sights of the city .

Maslak is the ideal area for investment in Istanbul , where it promises high profits and high returns on investment in a few years .

The project is located only minutes away from Taksim and Levent , not more than 5 minutes from Bosphorus , and 25 minutes from  Istanbul's third airport , which gives it strategic and investment importance .

The project is located near the metro station and public transport .

The project is located in the Cendery Valley , among the regions of Istanbul that have gained the highest value .

The project is located next to Maslak and Levent , which provides a pleasant life with transportation opportunities .

The project attracts attention through its location close to shopping centers , arts , health facilities , transportation and education centers .

All the project details in this link : RH 163

Eresin Project