Türkiye. Purchasing real estate: advice for beginners
Let's get acquainted with the legislation
2012 was marked by Turkey’s abolition of the “principle of reciprocity” (the purchase of housing in the country was approved strictly for citizens of countries that provided similar opportunities to Turkish citizens).
The restriction was lifted from 129 countries, including Kyrgyzstan, Kazakhstan, Azerbaijan, etc. Russians were given the right to acquire local real estate.
Residence permit and tapu – preparation of important documents
It is better to begin the process of selecting housing and searching for a reliable developer with the support of a team of competent lawyers and realtors. Specialists:
- They will consult.
- They will help you correctly and legally draw up a purchase and sale agreement.
- What does buying property in Turkey give you? Experience shows: this is a good reason to obtain a residence permit. Any contribution to the country's investments is welcome, therefore, residence permits are provided to home buyers, regardless of the purchase amount. From now on you will pay taxes (real estate taxes are paid once a year).
- The second important document is TAPU, a paper confirming ownership. Guarantees that no one will be able to claim the property (circumstances, reason of relationship). Owning a TAPU protects real estate: no one will be able to obtain square meters without the consent of the owner.
Purchasing a home in Turkey may become the basis for foreigners to obtain local citizenship. Today, any citizen who purchases an apartment, house, villa (any real estate) worth more than 250,000 USD acquires the legal right to obtain Turkish citizenship. It is now possible to become a citizen of a country by investing in the economy.
Having familiarized yourself with the legislative intricacies, begin to realize your cherished dream. Knowing the legal subtleties, the nuances of mentality, and having trusted contacts, it is permissible to purchase a house/apartment you like and move to Turkey, or make an excellent investment (when housing is purchased as a source of passive income).
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