Real Estate market in Turkey is witnessing a great demand by foreigners in light of the great growth in the construction sector. Where the Director of the Land Registry (Title Deed) and the Real Estate Survey, Mr. Muhammad Zaki Adli, explained that foreigners have a great desire to buy real estate in Turkey, especially those wishing to obtain Turkish Citizenship.
This has been accompanied by the government enacting procedures to facilitate ownership, sale and purchase in Turkey for foreigners residing outside the country, the most important of which was the intention of the General Directorate of Land Registry (Title Deed) and the Turkish real estate survey to open offices in five countries, including Arab countries.
Mohamed Zaki Adly said: “We will open our directorate representative offices in five countries, including France, Belgium, and several Arab Countries, and that five countries have been definitively identified, and we continue our work regarding opening offices for our directorate in other countries.”
In the Turkish Embassy in Berlin, the capital of Germany, a representative office for the Turkish Land Registry Directorate had been opened almost three years ago as an experimental procedure.
With similar requests coming from other countries to open offices in their territories, the directorate began to intensify its efforts with the issuance of a presidential decree in this regard, and coordination was made with the Ministry of Foreign Affairs regarding the identification of countries in which those offices would be opened.
With the opening of the mentioned offices, foreigners will be able to buy and sell real estate in Turkey and carry out the registration and transfer procedures while they are in their countries without travelling to Turkey.
This contributes to strengthening relations with other countries on the first hand and solving spatial problems in the real estate business on the other hand.
Michael Martin is the new CEO of the St Kitts and Nevis CBI Unit
Michael Martin has been announced as the new CEO of CBI Unit in Saint Kitts and Nevis.
Starting work on the PVIP program in Malaysia
Starting work on the PViP program in Malaysia with the beginning of last October
The latest updates in the Turkish CBI law through real estate ownership
With the beginning of the new year, work will start in accordance with the latest updates of the Turkish CBI Law through real estate ownership.
Green Visa in UAE, longer stay & more facilities
Recently, the UAE has started receiving applications for Green Visas/residence permits.
As part of an ongoing effort to create new opportunities and attract a larger audience of investors and entrepreneurs, the UAE has introduced a new visa that allows its holder to reside in Dubai for 5 years, with the possibility of renewal.
President Erdoğan launches the largest housing project in Türkiye
The Turkish President Mr. Erdoğan, announced in a speech yesterday the work on the largest housing project in Turkey.