Can Iranians buy property in Turkey? – Owning property in Turkey for Iranians
Owning property in Turkey for Iranians. Turkey is one of the leading countries where Iranians want to buy property and live. Moreover, Turkey’s moderate climate, natural beauties, attractive investment environment and affordable living costs are factors that encourage Iranians to buy properties in Turkey. Therefore, in this article from Ebla Real Estate, we will talk about owning property in Turkey for Iranians.
Statistics about owning property in Turkey for Iranians:
During the last few years, the interests of Iranian visitors shifted from merely tourism to buying properties in Turkey.
The number of real estate that the Iranians bought in Turkey in 2018 reached 3 thousand and 652 properties throughout the country.
Moreover, in 2019, Iranians were the second biggest foreign buyers of real estate in Turkey with 5423 homes purchased.
According to the Turkish Statistical Institute, Iranians bought 3168 homes in Turkey just during the first seven months of 2020. Thus, the number of housing units that the Iranians bought in Turkey during the first quarter of this year 2020 increased by 97% compared to the same period in 2019.
During the last year 2021, Iranians ranked first in buying real estate for foreigners in Turkey.
According to the latest data of the Turkish Statistical Institute during the current year 2022, 3,939 housing units were sold to foreigners in July. The Russians top the list, followed by the Iranians and then the Iraqis.
Most of the Iranians who bought the property in Turkey obtained Turkish Citizenship. In addition, some of them got a residence permit, and some of them got the opportunity to spend their summer holidays in Turkey with affordable accommodation costs.
Laws conditions of owning property in Turkey for Iranians:
After Turkey abolished the reciprocity law, it allowed foreigners to own and buy real estate in Turkey, including Iranians. Turkey allowed Iranians to buy real estate on its territory under some conditions:
- The area of real estate owned by one person must not exceed 30 hectares.
- Moreover, the percentage of real estate in one administrative area should not exceed 10% of the total area.
- If the property is near a security or military area, the buyer must obtain a security approval.
- Iranians have the right to own all kinds of real estate in Turkey, except for agricultural land.
- Iranians banned by the United Nations are not allowed to own property in Turkey.
Why do Iranians buy real estate in Turkey?
- Religious and cultural rapprochement between Iran and Turkey.
- The ease of real estate ownership procedures in Turkey.
- Moreover, banking systems in Turkey provide large facilities for foreigners.
- Furthermore, the Turkish authorities provide many incentives for foreign investors in the matter of buying property in Turkey.
- The Turkish government also allows Iranian citizens to obtain the residence permit and Turkish citizenship.
- Turkey is one of the most livable countries in the world.
- Moreover, owning real estate in Turkey provides Iranians with high return on investment and high rental returns.
- Additionally, there are many business opportunities in Turkey; As it is a big country with a high density of population and millions of tourists visit every year.
Ebla Real Estate services about owning property in Turkey for Iranians
It is worth noting that Ebla Real Estate, which is an approved company in Turkey, offers various services regarding the real estate sector in Turkey for Iranians. Among the most prominent of these services are:
- Ebla Real Estate provides legal and real estate consultancy free of charge.
- We also provide various offers that meet the conditions of real estate residence and Turkish citizenship in any area desired by the client in Bursa and Istanbul.
- Moreover, we provide the valued clients with golden opportunities to own properties in Turkey.
- Furthermore, Ebla Real Estate has the best real estate offers in Turkey for successful and guaranteed investment projects.
Thus, we talked about owning property in Turkey for Iranians.
Edited by: Ebla Group Real Estate
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