Do Palestinians have the right to own real estate in Turkey
In this article, we will answer the question: Do Palestinians have the right to own real estate in Türkiye? What are the conditions and laws related to ownership of real estate in Türkiye for Palestinians?
The question about the possibility of Palestinians owning real estate in Turkey is of great interest and special importance, as many Palestinians are looking for investment opportunities and permanent residence in this country, which has an attractive location and a thriving economy and below we will highlight the conditions and laws related to the ownership of real estate in Turkey for Palestinians and we will also review the necessary procedures and opportunities available to Palestinians wishing to invest in Turkish real estate and live in this beautiful country.
Do Palestinians have the right to own real estate in Turkey?
In 2012, the law allowed Palestinian and foreign citizens to purchase a variety of real estate in Turkey, from apartments and villas to chalets and palaces, in addition to commercial real estate such as offices, shops, warehouses, hotels, and others and since then, Palestinians and foreign investors have been able to benefit from this opportunity to own real estate in Turkey.
The law also requires Palestinian and foreign investors not to exceed the maximum area of their real estate properties throughout Turkey of 30 hectares.
The monthly, semi-annual and annual statistics issued by the Turkish Statistical Authority indicate that Palestinians occupy a prominent position among the top 20 foreign nationalities that own real estate in Turkey and this shows the continuous demand for real estate investment in Turkey by Palestinian and foreign investors, which indicates the attractiveness of the Turkish real estate market.
What papers are required from Palestinians when owning real estate in Turkey?
1. It requires obtaining a personal tax number in Turkey, and this number is necessary to perform tax obligations related to real estate.
2. The passport must be valid, and a copy translated into Turkish must be submitted to ensure ease of dealing with the authorities and concerned authorities.
3. Certification of the passport copy can be obtained through the Turkish Notary Department or through Turkish embassies and representations abroad, and this facilitates ownership procedures.
4. Two recent personal photos that comply with Turkish photography requirements must be submitted.
5. The Palestinian investor must pay real estate fees, which are calculated at 4% of the property value according to Turkish law.
6. Obtaining the approval of the Turkish Ministry of Interior is required for Palestinians who wish to own real estate in Turkey and this approval comes after submitting the required documents and fulfilling the necessary conditions.
Can Palestinians holding travel documents own real estate in Turkey?
One of the most important conditions and papers for real estate ownership for foreigners in Turkey is the presentation of a valid passport, however, the required documents differ slightly for Palestinian nationals based on their status and nationality.
Previously, Turkish law prevented Palestinian travel document holders from owning real estate in Turkey and required them to hold the Authority's passport as one of the documents required for the ownership process, however, in March 2019, a circular was issued by the Turkish Population Directorate that allows Palestinian travel document holders to buy real estate in Turkey and also allows them to apply for Turkish citizenship if they purchase a property that meets the conditions for naturalization.
This change in policy reflects the growing interest in attracting investors and real estate properties of various nationalities to Turkey, and provides new opportunities for Palestinian citizens to benefit from investment in the Turkish real estate market.
Advantages of owning real estate in Turkey for Palestinians
1. You can find a wide variety of properties in Turkey, from residential apartments to luxury villas and commercial properties.
2. Turkey imposes clear and specific real estate ownership laws that protect the rights of investors.
3. Real estate in Turkey is one of the most attractive investments in terms of return on investment.
4. The real estate market in Turkey is witnessing continuous activity and is thriving thanks to the continuous demand.
5. The cost of real estate in Turkey is reasonable compared to many European and Arab countries.
6. The process of buying a property in Turkey is simple and often does not require a long time.
7. It allows foreigners and holders of Palestinian travel documents to own real estate legally.
8. You can use the property for personal residence or rent out for extra income.
9. Turkish banks allow you to obtain financing to buy real estate in Turkey .
10. Owning a property in Turkey gives you the opportunity to obtain a residence visa.
11. You can make good returns from renting real estate in Türkiye.
12. Turkey enjoys a sustainable real estate market and successful tourist resorts.
13. Turkey's economy is active and prosperous, which increases real estate growth opportunities.
14. Turkey is located at the intersection of continents, which makes it an important geographical center
15. Turkey has a diverse culture and a long and inspiring history.
16. Turkey is considered a safe country to live and invest in.
17. Turkey provides modern infrastructure and advanced services.
18. You can enjoy stunning landscapes in Turkey from the sea to the mountains and forests.
19. Turkey has many multilingual societies which makes it an open place for foreigners.
20. Turkey includes well-known international universities and high-quality educational institutions.
21. Turkey provides high quality health services and advanced hospitals.
22. The transportation system in Turkey is elaborate and convenient.
23. Turkey offers a wide variety of foods and cuisines.
24. Turkey provides various job opportunities for residents.
25. Turkey is an excellent destination for shopaholics thanks to its markets and shopping malls.
26. Turkey boasts wonderful landscapes and diverse topography
27. You can enjoy many recreational and sporting activities in Turkey from swimming and diving to skiing and outdoor trekking.
In conclusion, we find that Turkey provides wonderful opportunities for Palestinians to own real estate, whether they reside within the State of Palestine or abroad, thanks to policies that allow foreigners to legally own real estate in Turkey, simple procedures, and multiple investment benefits, including obtaining Turkish citizenship, a Turkish passport, and real estate residency in Turkey, as palestinians can benefit from fruitful investment opportunities in this beautiful country.
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