Jordanian investments in real estate in Turkey

What do you think are the main reasons behind Jordanian investments in real estate in Turkey? According to many authorities and sources, a large number of Jordanian citizens choose to buy real estate in Turkey and real estate investment. Are there certain motives that helped them make this decision?

In this article, the editorial team at TUR property will present you with a detailed report on this topic. We wish you a pleasant reading.

Are Jordanian investments in Turkey's real estate recent?

Jordanians and other nationalities began to flock around the world in 2012, that is, since the Turkish government announced the abolition of the principle of reciprocity and removed barriers and obstacles in their way. The purchase of real estate in Turkey became very easy in addition to the overwhelming desire to obtain many of the gains and privileges provided to them by the Turkish government.

Real estate that Jordanians are allowed to buy in Turkey:

The first question you ask in this regard are Jordanians able to buy any kind of real estate in Turkey or are they restricted by some restrictions? According to the Turkish Constitution, a Jordanian or a Palestinian who holds a Jordanian passport can buy real estate in Turkey, but within certain restrictions, as he can buy two residential properties and one commercial property, but it should be noted that the holder of Jordanian nationality cannot buy land in Turkey, but he can establish a company and then register the land in his name.

In this context, it must be pointed out that in 2017, the Jordanians issued a list of the most owned foreigners in Turkey, and this indicates the importance of this step on  one hand, and on the other hand the resonance achieved by the facilities provided by the Turkish government.

How do Jordanians buy real estate in Turkey?

From the following paragraph you can see in detail how Jordanians buy real estate in Turkey:

• The contract is signed between the seller and the buyer, and if the buyer cannot attend in person to sign the contract, he can send a representative under an official power of attorney.
• The tax number must be obtained from one of the tax departments in Turkey and this is very easy and takes only a few minutes.
• Translating the buyer's passport into Turkish and then certifying it with the notary.
• Opening an account in a bank in Turkey in order to transfer the price of the property to the seller through it.

Reasons for Jordanian investments in Turkish real estate:

Certainly, the Jordanians' choice of the Turkish state for real estate investment was not a random choice, but a normal result of the advantages that can be obtained. Through the following paragraphs, we will review them in full:

1. Geographical location:

Turkey has an exceptional geographical location in the center of three continents (European continent – Asian continent – Brown continent) as well as surrounded by four seas (Aegean Sea – Black Sea – Mediterranean  Sea – Marmara Sea) and do not forget that the great advantage is that it extends over two continents at the same time and this helped it to

obtain many advantages and characteristics.

The biggest motivation is that Turkey is geographically close to the Arab world, which made it easy to move to and from it, and thus can build bridges of investments between the two places to obtain greater benefit and profits, especially since on the political level there are good relations between the two countries.

2. The deterioration of the situation in Jordan

If we want to make a comparison between the political and economic conditions that Jordan is witnessing with Turkey, the Turkish balance will certainly prevail thanks to the great efforts of the Turkish government in the development of all sectors and fields. In general, we can tell you that the investors of the Middle East after the deterioration of the situation in the Arab world are looking for a safe place away from risks to establish their investments.

3. The beauty of nature in Turkey:

Turkey is characterized by its charming nature. It is difficult to find anything similar in any other country in the world. Add to your information that the climate in Turkey is mild, unlike European countries, which are characterized by cold weather almost throughout the year, which makes it difficult to adapt to life in it.

Turkey has many distinctive beaches, picturesque coasts and high mountains, and thus this gives life in it a different character full of beauty and vitality, as the foreigner finds himself in Turkey recognizes different and varied civilizations represented in monuments and Ottoman palaces and others.

4 – Real estate residence permit and its advantages:

Who buys real estate in Turkey can obtain real estate residence permit, which is one of the most important types of residence permit in Turkey at all, because it is easy to obtain it on one hand and can be renewed on the other hand, but the most important question in this context is how to obtain that residence permit?

• The price of the property must not be less than 75 thousand US dollars.
• The property must be dedicated to housing.
• Does not exist within a security or military zone.

5. Turkish citizenship:

One of the main reasons that encourages Jordanians and other foreigners around the world to invest in real estate in Turkey is the great desire to obtain Turkish citizenship, which is considered one of the most important nationalities in the world. This is due to the many advantages that the bearer can obtain from many advantages that are not counted and do not forget that despite the many ways and means of obtaining Turkish citizenship, the best way remains real estate investment, and the reason for this is that the investor will have hit two goals at the same time, the first is obtaining citizenship and the second is entering the real estate investment field.

(Note: Real estate prices in Turkey do not remain unchanged for a long time, but are in constant increase, and the reason for this is the demand for buying real estate due to the high population density that it is witnessing, as well as the tourist seasons).

6. The Turkish economy:

The importance of the Turkish economy and the role it played in encouraging foreigners to invest in Turkish real estate specifically and not others cannot be overlooked because the reviving economy is reflected in various fields without exception and its impact is severe on the real estate sector as it contributes to the increase in its prices.

The Turkish economy attracted the attention of investors from various countries of the world, especially after the studies that have been presented in this field, which indicate that the Turkish economy will be in the fifth place in the world in the coming years due to two factors:

• The young population structure of the Turkish state, while most of Europe suffers from a large population elder , and this is one of the reasons that made the Turkish economy skip many of them despite its unprecedented progress.
• The many strategic plans that the Turkish government develops on an ongoing basis.
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7. Political stability:

Turkey is characterized by its political stability, which many Arab countries lack, and do not forget that it is keen to build good and strong relations with many countries of the world, especially the countries of the European Union. Recently, its efforts have focused on building distinctive relations with Arab countries in order to obtain the greatest benefit.

8 – Proper real estate prices:

Did you know that the prices of real estate in Turkey are low compared to the prices of real estate that you will find in the countries of Europe or America or even in some Arab countries because the Turkish government spared no effort except for presenting it in order for real estate prices in Turkey to get the picture it is now, and one of the most prominent measures that it took in this regard is that it imposed the issuance of the real estate appraisal document that controlled the prices of real estate and prevented sellers from manipulating it as they wish.

Tips when buying real estate in Turkey:

The foreigner always needs a set of real estate consultancy to accompany him on the journey to buy real estate in Turkey, and this is a normal result of not being previously informed about the laws related to the real estate field in Turkey or if this is his first experience in this field.

Through the following paragraph you can see accurately all the advices that has been provided in this regard by specialists and previous experience holders:

First: When we talk about buying a property in Turkey, we talk about a very wide field that needs a lot of research, question and inspection to see the available options and to be able to choose what suits you according to the specifications and price.

Second: In order to conduct a field tour in which you visit the most important real estate projects available, you must be accompanied by an expert real estate consultant who is familiar with the dimensions of the real estate market in Turkey to answer your inquiries and provide you with the set of advice you need.

Third: If you want to buy a property in Turkey for real estate investment, you should not choose apartments with large areas because selling them will be difficult in the future if you want to or if you want to rent them, this will not take much time.

Fourth: In order to build a profitable real estate investment, you have to choose a distinct location for your real estate investment, but in your opinion, what is the shape of the strategic location? It must be overlooking the sea or green spaces or be nearby there are infrastructure projects or other details.

Fifth: You have to check the legal status of the property from the Directorate of the Land Registry, preferably accompanied by a successful and competent lawyer because there are some problems that cannot be identified and may not be discovered until three months or more.

One of the most important real estate problems you may encounter is: real estate seizure/ mortgage /inheritance problems that generally affect the Financial and investment value of the property as well as make it very difficult to sell it in the future.

Sixth: One of the most important secrets of the success of real estate investment, whether in Turkey or in other countries of the world suitable for investment, is the selection of areas that are witnessing rapid growth in their real estate sector.

Seventh: Buy an apartment in newly built Turkey because modern real estate prices are constantly increasing as a result of the large demand for it.

Eighth: It is not advisable to look for apartments for sale in Turkey by yourself without resorting to the help of a real estate expert. This exposes you to falling real estate fraud because many weak souls exploit such an opportunity to manipulate inexperienced people to earn money illegally.

Ninth: You have to learn about all forms of real estate fraud, the most important of which is: the buyer's illusion that his property is suitable for obtaining Turkish citizenship and in fact he is otherwise, or he may be told that a lot of investment returns can be obtained through it.

Tenth: If you want to buy a property in Turkey for housing and stability, you must choose the area and specifications according to what suits you and agrees with your goals.

Most Purchased Real Estate in Turkey by Jordanians:

Jordanian investments in real estate in Turkey have focused on various types of real estate without exception and within the limits available to them, but in general the most sold types of real estate are residential apartments because they are considered guaranteed investments for a number of reasons, the most important of which are:

• The population density recorded by Turkey automatically leads to high demand for the purchase of real estate.
• Tourist seasons.
• The need of the community cannot be cut off from housing and apartments.
• Prices are lower than commercial or residential properties.

In the context of talking about Jordanian investments in Turkey's real estate, it must be noted that the main goal that made them choose to own real estate in Turkey is their guarantee for its future, based on the expectations of many specialists and experts that future prices will register a significant increase through which they can achieve a lot of profit and excellent return.

If you would like to see more information about the real estate market in Turkey, please follow our website continuously because we are keen to monitor you through it everything that is new and answer your various questions.

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