How to Buy an Apartment in Turkey for Egyptians: Procedures and Costs

How to Buy an Apartment in Turkey for Egyptians: Procedures and Costs cover

In recent years, Turkey has become a preferred destination for Egyptians seeking to own property outside of Egypt, whether for housing, investment, obtaining residency, or even Turkish citizenship. Consequently, interest has increased in knowing exactly and in detail how to buy an apartment in Turkey for Egyptians.

This article provides you with a comprehensive explanation of the steps to buy an apartment in Turkey for Egyptians, covering ownership conditions, purchase costs, property taxes, the best cities, how to transfer ownership, and the experiences of Egyptians in the Turkish real estate market.

We also shed light on how to obtain Turkish citizenship by purchasing a property for Egyptians, noting the role that Mbany Real Estate plays in facilitating the process with complete professionalism.

Steps to Buying an Apartment in Turkey for Egyptians

Step 1: Define the Goal and Budget

When considering buying an apartment in Turkey for Egyptians, the first step is to define the purpose of the purchase:

  • Is the purpose for housing?
  • Or real estate investment in Turkey for Egyptians?
  • Or to obtain Turkish citizenship?

Step 2: Choose the Ideal Location

The best cities to buy an apartment in Turkey for Egyptians vary depending on the goals, including:

  • Istanbul is suitable for investment and urban living.
  • Antalya is ideal for those looking for a quiet and tourist-friendly lifestyle.
  • Trabzon is a great option for Egyptians looking for nature and a moderate climate.

Step 3: Search Through a Reliable Company

Working with reputable companies such as Mbany Real Estate provides Egyptians with exclusive offers, with full legal support ensuring the safety of procedures for buying property in Turkey for Egyptians.

Step 4: Visit the Property and Sign the Contract

It is preferable to visit the property in person or use a virtual tour. After selection, the purchase contract is signed initially.

Step 5: Open a Bank Account and Obtain a Tax Number

To complete the procedures for Egyptian ownership in Turkey, a bank account must be opened and a Turkish tax number obtained.

Conditions for Buying an Apartment in Turkey for Egyptians

What are the conditions for Egyptians owning property in Turkey?

  • Egyptians are allowed to own only one property within a single city in Turkey.
  • Ownership is not allowed within sensitive military or security zones.
  • The property area may not exceed 30 hectares for a foreign individual.

Are Egyptians legally entitled to own property in Turkey?

Yes, and definitely, Egyptians are entitled to own property in Turkey according to Turkish laws, provided that the conditions mentioned above are met.

Cost of Buying an Apartment in Turkey for Egyptians

Basic Purchase Cost

The cost of buying an apartment in Turkey for Egyptians starts from:

  • $50,000 – $80,000 for budget apartments.
  • $100,000 – $200,000 for mid-level apartments.
  • More than $250,000 in central or upscale areas.

Real Estate Taxes and Fees in Turkey for Egyptians

Real estate taxes and fees in Turkey for Egyptians include:

  • Title deed fee (Tapu): 4% of the property value.
  • Real estate appraisal fee: Approximately 1,500 – 2,500 Turkish Lira.
  • Translation and notarization fees: Vary depending on the number of documents.
  • Lawyer fees, if any.

Additional Annual Expenses

  • Annual property taxes.
  • Residential complex service fees (Aidat).
  • Mandatory Earthquake Insurance (DASK).

Procedures for Transferring Property Ownership in Turkey for Egyptians

Required Documents

  • Valid passport.
  • Turkish tax number.
  • Two personal photos.
  • Real estate appraisal report.
  • Turkish bank account.

Stages of Property Ownership Transfer Procedures in Turkey for Egyptians

  1. Submitting an application for ownership transfer to the Land Registry Directorate (Tapu Office).
  2. Paying the title deed fees and taxes.
  3. Signing the title deed contract in the presence of a sworn translator.
  4. Receiving the official title deed within days.

Turkish Citizenship Through Property Purchase for Egyptians

What are the required conditions?

To obtain Turkish citizenship by buying a property for Egyptians, you must:

  • The property value must be $400,000 or more.
  • Retain the property for 3 years without selling it.
  • Register the property officially and have no debts or mortgages on it.

Is the application guaranteed and easy?

Yes, especially when cooperating with professional entities such as Mbany Real Estate, which provides a comprehensive package of services that includes:

  • Legal advice.
  • Citizenship application.
  • Follow-up on official documents.

Buying an Apartment in Istanbul for Egyptians: The Best Investment Option

Why Istanbul?

Buying an apartment in Istanbul for Egyptians is an ideal option due to the city's provision of:

  • An active investment environment.
  • A strong infrastructure.
  • Luxury and modern residential projects.
  • High opportunities for rent and resale.

How does Mbany Real Estate help you?

  • Offers of ready-to-move-in and installment properties.
  • Translation and notarization of contracts.
  • Following up on procedures until receiving the title deed.

Egyptian Experience in Buying Real Estate in Turkey with Mbany Real Estate

Real Stories and Experiences

Many Egyptian clients have shared their experience in buying real estate in Turkey and confirmed:

  • Ease of procedures.
  • Clarity of prices.
  • Continuous support from the reliable real estate company "Mbany."

Customer Reviews

The opinions of Egyptians indicate that the Turkish real estate market offers golden opportunities for both residency and real estate investment in Turkey for Egyptians.

Important Tips Before Buying an Apartment in Turkey for Egyptians

Avoid Common Mistakes

Before starting to buy an apartment in Turkey for Egyptians, attention should be paid to several points such as:

  • Verifying the title deed (Tapu) and ensuring it is free of debts or mortgages.
  • Not relying on unlicensed intermediaries.
  • Ensuring the market value through an official real estate appraisal report.

Seeking the Help of a Trusted Real Estate Advisor

Having a specialized real estate consultant speeds up the procedures for transferring property ownership in Turkey for Egyptians and protects you from any subsequent legal obstacles.

Choose Approved Projects

Especially if you are aiming to obtain Turkish citizenship by buying a property for Egyptians, you must ensure that the project is licensed and suitable for this purpose.

The Golden Advice

Dealing with a professional company like Mbany Real Estate gives you complete security in every step of buying property in Turkey for Egyptians, from searching to receiving it.

Frequently Asked Questions How to Buy an Apartment in Turkey for Egyptians: Procedures and Costs

+ What are the steps to buy an apartment in Turkey for Egyptians from beginning to end? ?

The steps to buy an apartment in Turkey for Egyptians begin with defining the goal, then choosing the property, opening a bank account, obtaining a tax number, signing the contract, paying the fees, and then transferring ownership.

+ What is the cost of buying an apartment in Turkey for Egyptians in Istanbul ?

The cost of buying an apartment in Istanbul for Egyptians ranges from $100,000 to $300,000 depending on the location and area.

+ Does real estate investment grant Turkish citizenship to Egyptians ?

Yes, by buying a property worth $400,000 or more, Egyptians can apply for Turkish citizenship through property purchase.

+ Can an Egyptian own more than one property in Turkey ?

Egyptians are allowed to own one property in each city in Turkey according to current laws, and properties can be owned in different cities.

+ Does buying a property in Turkey guarantee residency ?

Yes, the purchase grants renewable real estate residency as long as ownership continues.

Conclusion: Clear Steps Guarantee the Success of Your Experience in Buying an Apartment in Turkey for Egyptians

How to buy an apartment in Turkey for Egyptians: procedures and costs, is no longer complicated or unattainable. By following clear legal steps, understanding the conditions of purchase, its costs, and associated taxes, any Egyptian citizen can achieve their dream of owning property in Turkey.

Whether you are looking for real estate investment in Turkey for Egyptians, or seeking to settle down or obtain Turkish citizenship by buying a property, cooperating with reliable entities such as Mbany Real Estate is the ideal choice to ensure a safe and successful investment journey.

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