The Buying of real-estate Turkey
If you are looking for properties for sale or apartments or furnished apartment for sale in Antalya then it will be nice choice. the city offers you many advantages that can not be exist together in one city, Antalya combines the advantages of a big city in terms of services, shopping and other vital. And the advantages of tourist resorts cities in terms of spaces ,quiet, simplicity and nature.
The economic growth and stability in the whole turkey as well as the speedy growth in the number of tourists make it an environment appropriate for the global real estate investments. Antalya in fact one of the most attractive cities for tourism in Turkey and relatively low property prices and what God has blessed with the beauty of nature and mild weather throughout the year making it a centeer of real estate investments from all over the world.
Antalya relatively is a modern city has grown rapidly over the last ten years.with a population of over one million people occupies eighth place in terms of population between the Turkish cities. Antalya is characterized by wide streets, spaces between buildings ,public facilities, and dedicated areas fo sports and children games. That is why you cannot find a street or neighborhood without these dedicated areas orderd in an organized way.
And because of the antalyan economy is based on tourism, the city council pay a major attention for the cleanliness of the city to keep its appearance nicely through the year.
The increase in real estate prices and the numbers of tourists in Antalya making it one of the most important global cities for real estate investment and incoming for the investments, and this is becuase of the growth of foreign request for purchace of real estate, whether for personal use or for investment, in the fact of the increase of year round tourism , there is a high demand for tourist and furnished apartments in antalya.
Real estate prices in Antalya relatively moderate in comparing to the other big cities such as Istanbul, Izmir. Usually the property is a part of the residential complex contains several major facilities and services. Swimming pool, Turkish bath, sauna, gym and the internet in addition to the security and services to feel that you are at a resort in your home, and also most of the new projects is only few minutes walk from the coast.
Is it possible for a foreigner to buy real estate in Antalya??
Not so long ago, the possibility of buying property in Turkey is limited to nationals of some countries and not others, based on the principle of reciprocity. In April of 2013 the condition of reciprocity has been removed and open the way to nationals of all countries of the world, including the Arab countries and the Arabian Gulf to buy and own real estate in Antalya and all over Turkey. It is necessary to get an agreement from the Turkish government for sale to foreigners but this is a routine procedure. If a foreign person has been offered to buy a property in a building or in a residential complex and got the approve for that, then any other foreigner will get his agreement in the same project with just few days, but if the applicant is the first foreigner to submit a request to buy into the project or residential complex, the issuance of approval takes approximately 45 days.
This law has helped in a great way to the growth of the number of Arab buyers of real estate in Antalya as a said of the owner of Maximos Real Estate co.
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He also noted that since the start of the application of the new law to possess, and what was accompanied by the new residency law for foreigners. The real estate market in Turkey generally and Antalya specially has got an influx of Arab countries for those wishing to own properties for personal use or for investment.
Due to the necessity of obtaining prior approval before enabling the foreign buyer to register the property in his/her name and get title and the deed as well as the need to obtain a tax number and also after-sales services such as water, electricity, getting municipal licenses and insurance against earthquakes, so it advised to deal with a company with the reputation and credibility and history in the local market.
Is it possible to get a residence in the case of buying a property in Turkey??
In the month of April 2013 the Turkish government approved a new immigration law and residence in the Republic of Turkey to begin its work in 2014. And already this law has been started since 11/April/2014.
The new law came in line with the development and the growth in Turkey making it a target and destination for migration and residence after having been a conduit to enter Europe.
The new law aims to ensure the protection of refugees and residents those with humanitarian needs and also to organize residence and immigration and work, as well as encourage investment in Turkey in the business and real estate.
The most important thing brought by this law regarding property owners is the possibility to have an annual renewable residence as long as you can prove your ownership of the property through the registry known as the taboo.
For the residence, the owner of the property has to submit the application and when receiving the approval, he can apply for all the family. The applicant has to review the Turkish embassy in his country or in the place where he live, if he does not a residence in Turkey before, but if he is already has a Turkish residence so he has to review the foreign department in his hometown.
The demand action (by contact with the Turkish Embassy in Jordan) will take 30-45 days. The embassy requests the ownership of the property ìdeed/ tabooî and also a bank account . And may also ask health insurance for family members.Leave a Comment