Lebanese investments in real estate in Turkey

Many nationalities have chosen the real estate market in Turkey to buy and own real estate. Some of them aim to invest in real estate, and some of them choose housing, residence and stability, and others are looking for an opportunity to obtain Turkish citizenship.

The Lebanese are among the most foreign owners of real estate in Turkey, but what are the reasons that made it among their first choices, apart from other European countries? This is what you will learn in this article.

Advantages of Lebanese investing in real estate in Turkey

The reasons that drive the Lebanese to invest in real estate in Turkey are many and varied, but the most important of them are:

- The high rate of return on investment, which is estimated at 20% annually and may be more or less depending on the property, its specifications, size, area, view and location.

- The possibility of obtaining Turkish citizenship by investing in real estate worth 400 thousand dollars.

- The stable political and social situation in Turkey.

- The right climate for both living and investment.

- Availability of all services and facilities that facilitate life, such as hospitals, schools, universities, shopping malls, parks, etc.

- Real estate prices in Turkey are very attractive compared to those in Lebanon, and this is one of the main reasons why Lebanese investors are interested in buying in it.

- You can buy a property in Turkey without the need for many procedures, and the whole process can be completed in a few days.

- Turkey is home to many beautiful cities, such as Istanbul, Ankara and Izmir, which offer a great lifestyle and many entertainment opportunities.

- The rich diversity of landscapes and climate types that can be found in Turkey, making it an ideal destination for all kinds of investors and tourists alike.

- The real estate sector in Turkey has attracted the Lebanese because it has many diverse opportunities that suit different tastes and budgets, and this is what you cannot encounter in other markets.

Where do Lebanese buy real estate in Turkey?

The Lebanese have been buying real estate in Turkey for many years, the trend is increasing and the reasons for this are many, but one of the most common is the fact that Turkey offers a very high quality of life at a very affordable price, it is a beautiful country with a rich culture and history, and it is relatively easy to do so.

The most popular cities among Lebanese buyers are Istanbul, Antalya, Izmir, Bursa and Ankara. These cities offer a wide range of real estate, from apartments and villas to commercial buildings and plots of land. Also, Istanbul is the most popular destination, due to its cosmopolitan atmosphere and proximity to Lebanon. Antalya is also a popular choice among Lebanese buyers, It offers a wide range of luxury properties at relatively reasonable prices.

Steps for the Lebanese to buy real estate in Turkey

In order to buy a property in Turkey, you must follow a specific scheme until you find what suits you, and you must get to know it in particular if your goal is to reach the right choice, and this is what we will talk about below:

- You can apply for a Turkish visa at the nearest Turkish embassy or consulate and the type of visa you need depends on the purpose of your visit (e.g. business, tourism, etc.), but most Lebanese buyers will need a tourist visa.

- You will need to open a bank account to transfer money for your purchase and this is relatively easy and can be done at any major Turkish bank and make sure to bring your passport and other required documents with you.

- Once you have found the perfect property, it is time to start negotiating with the seller and if you are not fluent in Turkish, it is advisable to hire a local lawyer or translator to help.

- You should organize your finances as you will need a down payment of at least 30% of the purchase price, as well as have sufficient funds to cover closing costs and any unexpected expenses that may arise.

- You have to specify the purpose for which you intend to buy the property. Is your goal investment or housing or something else, and you must always remember, according to your goal, the search mechanism should be.

Documents required to buy real estate in Turkey

When buying real estate in Turkey, there are several papers that you must bring, namely:

1. Your passport or national identity card.
2. A recent utility bill in your name (for example, water, electricity, gas, telephone).
3. Your tax number, which you can get from your local tax office.
4. Bank reference letter (if you are taking out a mortgage).
5. A copy of the sales contract.

Tips when owning real estate in Turkey

When buying a property in Turkey, whether in Turkey or elsewhere, there are many tips and advice that you should take into consideration, as they help you direct your eyes towards the right choice for sure, the most important of which are the following:

- As with any real estate purchase, the old adage is true; Consider the location of the property carefully. Is it in a desirable neighborhood? Is it close to public transportation and other amenities?

- Make sure to choose a reputable, experienced construction company with a proven track record.

- It is advisable to hire a Turkish lawyer who can help with the legal aspects of the purchase.

- Make sure the property you buy is free of any outstanding debts or legal issues.

- If you are not paying cash for the property, you will need to arrange financing in advance and there are a few different options available, including mortgage loans from Turkish banks.

- Be aware of the demand for real estate in the areas you are interested in, as well as current prices and this will help you negotiate better when placing an order to buy a property.

- Make sure all legal documents are in order before making any payments on the property.

Binna Real Estate and all those in charge of it, including consultants, legal experts, specialists and students of the real estate situation in Turkey are fully prepared to provide you with all the advice and recommendations you need, as well as they will provide you with a list of the most important offers and available options.

BINAA REAL ESTATE OFFERS TO YOU:

Comprehensive information about the Istanbul real estate sector.
-Field tours, through which you are briefed on the most important offers and options available in the Turkish real estate market.
- Recommendations and advice from experts in the field of real estate investment in Turkey.
- Luxury properties for sale suitable for obtaining Turkish citizenship and others suitable for obtaining real estate residence in Turkey.

Visit our website frequently and learn about the most important topics related to the Turkish real estate market and find answers to your various questions.

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