As a result of the ongoing developments in the housing and real estate sector in Turkey; the demand for buying does not come from Turkish citizens only. or from foreigners living in Turkey who want to purchase a property where it is seen that the proportion of purchases made serious. According to researches; Foreign nationals have a share of 22 percent in the real estate market. In order to support this upward trend, new legal arrangements have been made to facilitate the sale of property to foreigners in recent years.
Advantages Offered to Foreigners in Buying Property
Considering the instruments used for foreign investments in Turkey; buying property seems to be in the first place. It is the istanbul real estate market, which has the highest share in this market. Especially in Istanbul, there is a high level of interest of foreigners for sale. The same situation applies to Antalya after Istanbul. As the region; The Aegean and Mediterranean regions are the places where the demand for buying property is the highest. It is foreseen that these demands will increase further thanks to the latest regulations. Foreign nationals in Turkey thanks to the arrangements made for promoting the purchase of property for sale;
• Foreigners who previously purchased at least one million dollars of securities; while you can apply for citizenship in Turkey, an arrangement made in 2018, this limit was reduced to two hundred and fifty thousand dollars.
• VAT purchase of foreigners' securities has been introduced and this tax collection is not made by foreign buyers.
These incentives stated; It is also applied to people who have worked at least 6 months without interruption or interruption abroad.
Conditions to apply for Turkish Citizenship except for Buying Property
The only condition for foreign nationals to apply for Turkish citizenship; property purchase is not. In short, if there are other alternatives, they are;
• Being married to a Turkish citizen
• a certain amount of money, time and purpose allowed by law to use or keep investment in Turkey in the Turkish bank.
• To have the conditions stated under the right to apply for exceptional citizenship; athletes, scientists, art people and so on.
Restrictions on Non-Turkish Citizens
There are some restrictions for foreign nationals wishing to purchase property in Turkey. The most important of these are;
• The total area of the property or land purchased by a foreigner cannot exceed 30 hectares.
• In areas where private security applications are located or in areas where military territory is declared; No property can be sold to foreigners.
Sales of Property to Foreigners
In general terms, there is no different practice in selling property to foreign nationals. All transactions are made by the related land registry offices. However, in the process of selling property to foreigners; Depending on the nature of the situation, a number of additional documents may be requested. Situations that may vary depending on the application;
• If a foreigner does not speak Turkish, there is a requirement to have an interpreter during the proceedings.
• The original of the identity or passport of the foreign recipient and their certified copies of the Turkish translation may be requested.
• If the purchase transaction is made by a power of attorney issued abroad; the original copy of this power of attorney is approved.
• If the buyer is a foreigner with a residence permit in Turkey it may be desirable residence permit to be obtained from the police headquarters.
The land registry offices work with an appointment system and sales to foreigners are usually done before noon hours. Accordingly, it should not be forgotten to make an appointment for the relevant title deed office before the transaction date.
Hiç yorum yok:
Yorum Gönder