Libyans own real estate in Turkey what are the reasons

Turkey is famous for attracting many nationalities, including the Libyan nationality, as it is considered a preferred option for them because it carries many advantages

Libyan investments in real estate in Turkey carry many advantages and strong reasons that make it a preferred choice for them and this is due to a group of factors that make them prefer to own real estate in this charming country, so we will shed light on these reasons and review the details that make their investments in Turkey sustainable and successful.

Reasons why Libyans own real estate in Turkey

1. Turkey has a wonderful natural diversity that includes beautiful beaches, mountains, lakes and stunning landscapes.

2. Turkey enjoys relative political and economic stability compared to some neighboring countries.

3. Turkey imposes real estate laws that allow easy ownership by foreigners, including Libyans

4. Libyans can obtain easy residency permits when buying a property of a certain value, and it can qualify them to obtain Turkish citizenship after a period of invested residency.

5. Turkey is witnessing strong economic growth and an increase in demand for real estate, which provides opportunities for obtaining good investment returns.

6. It is one of the most important tourist destinations in the world, which means opportunities for short-term rental and increased income from the property.

7. Turkey considers real estate investment one of the main sectors to achieve economic growth, and the government provides support and encouragement to foreign investors.

8. Turkey has a lower cost of living compared to some other countries, which makes it an attractive destination to live.

9. Turkey has a developed infrastructure that includes transportation and public services

10. It embraces a rich history and diverse culture, making it an exciting place to discover and explore.

11. Türkiye offers many recreational and heritage activities for all family members.

12. Turkey has a good and well-developed healthcare system.

13. Turkey is characterized by a cultural harmony between East and West, which makes it a popular destination for tourists and investors from all over the world.

14. Turkey offers a variety of residential, commercial and touristic places to choose from.

15. Turkey enjoys a mild climate throughout the year, which makes it easy to enjoy the beautiful weather and outdoor activities.

16. It offers many luxury properties and high-end hotels for residence and investment.

17. Turkish banks offer easy banking facilities to foreigners wishing to buy real estate

18. Turkey contains many distinguished universities and schools.

19. Turkey is an emerging market and a promising future for investment.

Papers required for Libyans to own real estate in Turkey

1. A copy of the passport must be documented in the Turkish language and certified by the notary or the notary public accredited at the Turkish embassy in Libya.

2. A tax number must be obtained from the Tax Department in Turkey.

3. 4 Four recent personal photos of the person applying to buy the property must be submitted.

4. Payment receipts proving payment of the title deed fees must be provided.

5. The buyer or whoever replaces him must be present with an agency that gives them the authority to buy the property and this agency is issued by the notary public accredited in Turkey, “Notre” and provides for assigning the person to purchase the property.

What are the success factors for Libyan investments in real estate in Turkey?

1. Turkey has a stable political system and an active and developed economy, which makes it an attractive and safe investment environment for investors.

2. Turkey is witnessing remarkable and continuous economic growth, which enhances the prospective return opportunities for real estate investments.

3. In Turkey, there are legislations and investment policies that help facilitate the procedures for buying real estate and provide legal protection for investors.

4. The real estate sector in Turkey enjoys great development and diversity, with a wide choice of properties of various sizes, prices, and locations.

5. The real estate market in Turkey gives an opportunity to achieve good financial returns, whether by renting real estate or selling it after a period of investment.

6. Turkey is one of the most important tourist destinations in the world, which attracts many tourists and enhances opportunities for renting real estate and achieving additional returns

7. Libyan and Turkish culture are similar in some aspects, which makes Libyans feel comfortable and acclimatized quickly in Turkey.

8. The Turkish government provides support to foreign investors, including Libyans, by facilitating procedures and offering more investment opportunities.

9. Turkey's economic diversity makes it a suitable place for investments in a variety of sectors, including the real estate sector.

Where do Libyans buy real estate in Turkey?

Libyans have chosen Istanbul as the main center of their residence, as many of them gather in this lively city and in addition, some of them prefer to reside in tourist cities near Istanbul, such as Sakarya and Bursa and the Libyan community is characterized by its integration in the societies that founded it, which enhances its spread in several specific areas

Basaksehir and Bahcesehir are famous for attracting a large number of the Arab community, and it is considered one of the prominent points of their concentration and other neighborhoods such as Esenyurt and Beylikduzu also host vibrant and active Libyan communities.

Lalali also stands out as an area of great interest, as it contains a street that looks like Libya in miniature due to the presence of many shops, restaurants and businesses belonging to the Libyans.

Libyans own real estate in Turkey for the purpose of Turkish citizenship

The Turkish government has worked hard to pass laws that enhance the rights of Libyan citizens and foreign nationals residing in Turkey and among these prominent laws, the Turkish Naturalization Law, which allows investors to obtain Turkish citizenship by purchasing an apartment worth $400,000, stands out and this decision is considered a tempting opportunity to obtain Turkish citizenship, and to enjoy the privileges that make it one of the most powerful nationalities in the world.

Obtaining Turkish citizenship allows many advantages, starting with easy travel and movement to more than 100 countries without the need for a visa, which makes the Turkish passport among the most powerful passports in the world and in addition, investors can benefit from Turkey's vibrant economy, and enjoy the unique cultural and cultural environment of this beautiful country.

Common questions

What are the conditions for obtaining Turkish citizenship by buying a property in Turkey?

The necessary conditions include purchasing a property with a value of no less than 400,000 US dollars and not selling the property for a period of three years.

Can a Libyan investor benefit from tax privileges in Turkey?

Yes, the Libyan investor can benefit from the tax privileges available to foreign investors in Turkey.

What are the benefits of buying a property in Turkey for the Libyan investor?

The benefits include obtaining Turkish citizenship, traveling freely to many countries with a Turkish passport, in addition to a profitable investment and the opportunity to live in a rich cultural environment

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