As a Ukrainian looking to purchase real estate in Turkey, there are several steps and advantages to consider. The interest in Turkish real estate among Ukrainians, especially in the wake of financial difficulties due to the military conflict, is growing. Turkey's real estate market is particularly appealing due to favorable economic indicators, unique geographic location, a developed tourism industry, and high construction standards.
Growing Interest: Ukrainians Actively Investing in Turkish Real Estate
Purchasing property in Turkey is seen as a profitable investment for Ukrainians, offering the chance to own a home by the sea in a safe location. The number of properties bought by Ukrainians in Turkey has been increasing annually. For instance, in 2022, Ukrainians purchased 2,574 apartments, a 106.6% increase from the previous year.
Advantages and Conveniences: Why Ukrainians are Actively Buying Property in Turkey?
There are several advantages for Ukrainians in buying Turkish real estate:
- Ukrainians don't need a visa to enter Turkey and can stay in the country for up to 90 days within a 180-day period without additional registration.
- There are convenient travel options between Ukraine and Turkey, including short flight durations and the possibility of traveling by car.
- Properties along the Mediterranean coast are affordably priced.
- The property buying process is straightforward and can take just a few weeks.
- Ukrainian property owners in Turkey can apply for residency. Furthermore, buying property worth over $400,000 USD offers a fast track to citizenship.
- Property owners can earn additional income by renting out their property.
The Process of Buying Turkish Real Estate for Ukrainians:
Before starting the property search in Turkey, it's essential to clearly define your preferences regarding the property and to choose the most reliable and convenient method of purchase.
To buy real estate in Turkey as a Ukrainian, you can directly contact Elite Sinerji, a leading construction company known for its modern projects. They offer comprehensive guidance on purchasing processes, trading conditions, and deal specifics. Their multilingual managers facilitate communication, ensuring a smooth transaction process.
Steps to Reserve and Purchase Property in Turkey with Elite Sinerji:
Reservation and Deposit: After finalizing the details, a deposit is made to show commitment, reserving the property and taking it off the market.
- Payment Options: Payment options include not only full settlement but also interest-free installment plans, making it accessible for a broader range of buyers.
- Preliminary Sales Contract: Following the deposit, a preliminary sales agreement is signed.
- Documentation and Legalities: The process involves preparing necessary documents, registering property rights with the Land Registry and Cadastre Office, and setting up utilities. The presence of a sworn translator is mandatory to ensure transparency and reduce risks.
- Transaction Timeframe: The entire transaction process typically takes 3 to 5 working days.
- Banking and Tax Registration: Buyers need to open a Turkish bank account and obtain a national tax identification number.
- Document Submission: For registration and property transfer, documents like translated passports, photos, and other necessary papers as per Turkish law are required.
- Legal and Financial Considerations: Before finalizing the purchase, it's crucial to understand foreign ownership laws, tax and visa regulations, and align them with personal financial capabilities and goals.
- Post-Sale Support: Elite Sinerji offers comprehensive post-sale support, assisting through each step of property ownership registration.
Interest-Free Installment Plan with Elite Sinerji:
Elite Sinerji provides an attractive interest-free installment plan up to the completion of construction with an initial payment of 25% of the apartment's cost. This flexibility is particularly beneficial for Ukrainians looking to invest or find a holiday home.
By engaging with Elite Sinerji, you are assured professional support, helping you make an informed decision when purchasing seaside real estate in Turkey. This makes the Turkish real estate market a compelling option for Ukrainians seeking reliable ways to safeguard their savings.
