Can Algerians own property in Turkey?
Can Algerians own property in Turkey? Turkey is a favorite country for many Arabs and foreigners. Moreover, Turkey is one of the most attractive sites that attracts Algerians for living and investing. Therefore, many of them ask about the ownership of Algerians in Turkey. Algerians’ ownership of real estate in Turkey is not much different from the ownership of any other nationality as they have the right to own property in Turkey as we will see in this article from Ebla Real Estate.
Table of contents:
- Buying a property in Turkey for Algerians.
- What types of real estate do Algerians have the right to own in Turkey?
- What are the required documents for Algerians to own a property in Turkey?
- Real estate residence in Turkey for Algerians.
- Turkish citizenship through buying a property in Turkey for Algerians.
Buying a property in Turkey for Algerians:
After the amendments to the Foreign Ownership Act of 2012; There is no obstacle for Algerians to own real estate in Turkey.
Therefore, the number of expatriates from Algeria to Turkey has increased in recent years. Additionally, according to the statistics, there is a great demand by Algerians citizens for buying properties and investing in real estate in Turkey; As the Turkish government provides facilities and supports foreign investment projects in Turkey.
In addition, the Turkish government encourages the purchase of real estate by Algerian investors by granting them the right to obtain Turkish citizenship and real estate residence in Turkey through many conditions.
What types of real estate do Algerians have the right to own in Turkey?
Algerians have the right to own real estate in Turkey, including apartments, villas, farms, lands, shops in addition to many other options in the Turkish real estate sector.
What are the required documents for Algerians to own a property in Turkey?
- 4 personal photos.
- Obtaining a Turkish Tax Number from the Tax Administration Office.
- Opening a bank account in Turkey in order to transfer the amount of money to the Turkish bank and get a currency exchange receipt.
- Bring the buyer’s passport translated and attested, or his representative passport.
- Bring the real estate appraisal report, which is a report showing the real property value.
- It is worth noting that the buyer has to come to Turkey to sign the purchase contract, or his representative must attend an official agency certified by the notary public, or at one of the Turkish embassies abroad.
- Going to the Land Registry Office “Tapu”. Thus, the seller relinquishes the property in favor of the buyer
Real estate residence in Turkey for Algerians:
Algerians have the right to obtain real estate residency in Turkey through buying a property worth 75 thousand dollars onwards in major Turkish cities and 50 thousand dollars onwards in smaller Turkish cities.
It is worth noting that real estate residency in Turkey is granted to the owner of the property and his companions of a wife or husband, and children under the age of 18 years; For a period of one or two years, with the possibility of simply renewal; As long as the person still owns the property.
In addition, the real estate residence provides Algerians with many advantages and rights in Turkey, such as the right of legal residence, travel within Turkey without travel permission, education, treatment, granting residency to the family of the property owner, and obtaining citizenship after 5 years of real estate residency.
Turkish citizenship through buying a property in Turkey for Algerians:
The Turkish laws allow Algerians to obtain Turkish citizenship by buying a property or a group of properties worth 400.000 $.
Obtaining Turkish nationality is an important incentive for Algerians; To take advantage of the features of Turkish citizenship, especially the Turkish passport.
It is worth noting that Ebla Real Estate, which is an approved company in Bursa, offers various services regarding the real estate sector in Turkey. 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.
Edited by: Ebla Group Real Estate
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