For foreign nationals
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The maintenance of real estate in Turkey costs foreign investors far less than in European resort countries, such as Spain or Italy. The amount of taxation and utilities are relatively small when buying a home, and there are simplified options for obtaining Turkish citizenship. It is important to be aware of the expenses involved before you make a...
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Many more foreigners are buying apartments and houses in Turkey. Developers hope that 2021 will be a record year for real estate sales to foreign investors. This is for good reason: the average cost of a house or apartment owned by foreigners has almost reached $0.2 million. A large reason for this was because buyers-residents of other countries...
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When the national currency was unstable, Turkish developers depended on foreign buyers. Also, it’s been more profitable for foreigners to buy housing in Turkey because the dollar and euro exchange rates are growing. Turkish developers are also building many residential complexes based on what foreign investors want. But, first things first...
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A year ago, Turkish banks reduced the mortgage rate for foreign buyers of real estate from 12.99 to 6-7 percent in December 2019. After reading about this in the news, Olga Orekhova from St. Petersburg went to Mahmutlar to look for an apartment in Turkey as a gift for the New Year. CONTENT Background. I've always dreamed of a house or apartment...
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2020 has become the year of the mortgage boom in Turkey. The country's authorities cut interest rates to the lowest level ever to save the economy in the face of the coronavirus pandemic. The all-time-low interest rates have led to record-breaking home sales. In total, from January to October 2020, the number of mortgage transactions in Turkey...
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A couple of years ago, the authorities of the Republic of Turkey lowered the investment threshold for those who want to obtain citizenship under the golden passports program in the third quarter of 2018. Since then, foreign buyers of real estate have had a unique opportunity to become citizens of the country ahead of time for a little amount of...
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Those who plan to buy a house in one of the Turkish cities to earn money on rent or use it as an overseas residence often have the same questions. They relate to obtaining a Turkish residence permit and citizenship. Specially for future investors in properties in Antalya, Istanbul, Ankara, Alanya, Kemer, Izmir, Bodrum and other cities and provinces...
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In July 2016, a new law came into force in Turkey, allowing foreigners to obtain Turkish citizenship if they have a property there. Initially, the investment threshold for such buyers was quite high - $1 million. However, four years ago, in September 2018, it was reduced to $250,000. After the threshold was significantly reduced, wealthy foreigners...
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Are there distressed construction projects in Turkey? How does the Turkish climate affect building codes and standards? Why are panel and brick buildings prohibited in many Turkey’s provinces? What does a standard apartment look like in Turkey? Check out our article to find the answers to these and many other important questions. Climate...
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Working in Turkey is not only about hotel vacancies and seasonal jobs in the tourism business. The country is constantly in need of qualified personnel, so Turkish companies are willing to hire specialists from different countries. What does Turkey offer expats today, besides a mild climate, a welcoming atmosphere and a decent standard of living?...
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