Properties For Sale in Istanbul

The banking system in Turkey has developed greatly during the past ten years, making it easier for foreigners to open a bank account in private, public, or Islamic banks after it was previously conducted according to somewhat complicated procedures.

In this article from Taksim Real Estate Consulting, we tell you how to open a bank account in Turkey, and the required documents, highlighting the most important governmental and Islamic banks in Turkey.

Procedures for opening an account in a bank in Turkey

You can create a bank account in Turkey within only one day, after submitting the following documents:

• Passport document.

• Your residence address in Turkey.

• Tax number, extracted from the tax office.

• Mobile phone number "required by some banks".

Is it possible to open a bank account in Turkey without a residence permit?

Yes, foreigners who do not have a residence permit in Turkey can open a bank account in the State Bank of Ziraat, by depositing an amount of 30 thousand Turkish liras.

Does the foreigner get a credit card after opening the account?

Opening a bank account in Turkey does not guarantee that you will get a credit card; this can only be achieved after fulfilling some of the conditions under which the bank evaluates your application, and this evaluation depends on the following factors:

• Not be less than 18 years old.

• Financial income and profession.

• Credit rating.

• Previous financial behaviour of the customer.

How to open a bank account in Turkey remotely?

You can open an account in some Turkish banks remotely, by following the following procedures:

• Have a Turkish ID card and a smartphone; for remote identification.

• You need to download the mobile application of the bank you want to open an account with on your mobile.

• Contact a bank representative to perform remote identification via video call.

• Use a strong internet network, to ensure the quality of the image and sound during identification.

• Ensure that the information you provide on the application form is current and complete.

Advantages of opening an account in Turkish banks?

Opening a bank account in a Turkish bank gives you the following advantages:

• Paying various utility bills, such as water, electricity, gas, and the Internet.

• Payment of monthly rent, and annual returns.

• Transfer and receive money.

• Receipt of international transfers.

• Buying and selling currencies.

• Trade gold and metals.

What are the languages ​​supported in Turkish banks for customer service?

With the increase in the demand for foreign expatriates to open bank accounts in Turkish banks, There was an urgent need to provide customer service in more than one language, which is what all banks in Turkey have done.

Where Turkish banks provide their services in more than one language, most notably: Turkish, Arabic, English, French, Russian, and other languages ​​that vary from one bank to another.

The most important government banks in Turkey

The most important Islamic banks in Turkey

As a result of the increase in the demand for Islamic banks in Turkey, the number of banks that provide their banking services following Islamic law has increased, in addition to the fact that several public banks have opened private Islamic branches.

The following are the most important Turkish Islamic banks that are preferred:

1 - Kuveyt Türk Katılım Bankası

2 - Ziraat Katılım Bankası

3 - Albaraka Türk Katılım Bankası

4 - Vakıf Katılım Bankası

5 - Türkiye Finans Katılım Bankası

Opinions vary about the best Islamic bank in the Republic of Turkey, as banks compete to provide a package of services and facilities that distinguish it from others.

In general, all the services provided take place following the banking system in Turkey, which is characterized by a strong infrastructure, which makes the process of opening a bank account in Turkey, an ideal option for all real estate investment and ownership operations.

If you would like to know more about the most important banks in Turkey and the services they provide; do not hesitate to contact us at Taksim Real Estate Consultancy, and our legal team will be happy to provide adequate answers to your inquiries... Contact now!

Editing: Taksim Real Estate Consulting©

Source: Sabah Mevzuat +

The international investor's quest to obtain the second passport is linked to his desire to enter some countries without a prior visa... Moreover, because Turkish citizenship deservedly achieves this, along with many other privileges; it tops the list of best options.

A Turkish passport holder can enter many countries without a visa, as he uses the first passport to enter and leave his country, while the second helps him to travel to the country he needs to go to from time to time.

In this article from Taksim Real Estate, we explain the importance of obtaining a second passport, highlighting the advantages of obtaining a second citizenship from Turkey, so continue reading.

What is the importance of obtaining the second passport?

The second passport helps you avoid the tedious routine of procedures when obtaining a visa for a country, as it gives you ease of movement from one country to another, without the need to obtain a prior visa.

There are many countries that provide you with this advantage in return for investment, or donations to the government fund, or by owning a property, and other conditions that may be difficult for the investor to achieve, in addition to their often-high costs.

In fact, obtaining a strong passport will cost you an amount of money, but if it is a safe investment that saves your money, and achieves a profitable profit margin for you; this will be your perfect choice at all, which will be achieved for you by naturalization in Turkey.

Turkish citizenship in the top 

Under the law, a foreign investor is allowed to obtain Turkish citizenship in exchange for buying a property worth 250 thousand US dollars, depositing 500 thousand US dollars in a Turkish bank, or establishing a company and employing several Turkish citizens there.

Citizenship is obtained according to easy procedures, enhanced by government facilities provided to foreign investors, which makes obtaining second citizenship from Turkey at the forefront of investors' choices.

Turkish passport strength

Complete the file of naturalization in Turkey under the investment in the country, and obtain the Turkish passport, which gives you ease of movement between more than 72 important European, Gulf and Asian countries, without an entry visa.

The Turkish passport also gives you the ability to enter 42 countries with a visa issued upon arrival, and 7 countries with an electronic visa, which can be easily obtained from the Internet.

Why Turkish citizenship?

Stable government institutions

Nationality holders and residents of Turkish territory enjoy flexible dealings within government institutions, when any legal transaction is needed, as most services are obtained through mobile applications.

Strong health system

Turkey has a strong health system, which has become an ideal destination for treatment after the opening of several medical cities, such as Basaksehir Medical City, the best medical city in Europe.

Outstanding education system

Turkey enjoys its distinguished educational system with its multiplicity of systems and the language of study, in addition to the spread of universities in all Turkish states, as there is no city without a Turkish university, whether it is governmental or private.

Turkish economy

The Turkish economy is growing steadily despite the recent health conditions that have affected the economy of most countries in the world, which gives investment in Turkey a character of safety and reliability.

This was a full presentation of the importance of obtaining a second passport, and the advantages that you obtain when extracting the naturalization file in Turkey, and obtaining a Turkish passport.

 If you would like to know more about how to obtain a Turkish passport; do not hesitate to contact us at Taksim Real Estate Consulting, and our team will be happy to provide adequate answers to your inquiries... Contact now! 

Editing: Taksim Real Estate Consulting ©

A remarkable rise in real estate prices in Turkey during the past months is due to the increase in demand in many Turkish states, especially Istanbul, in return for a decrease in supply, amid expectations of a further rise in 2022.

The demand for real estate purchases in areas close to services and major infrastructure projects has increased, as a result of the high growth rate of the Turkish economy, in addition to the many advantages that foreign investors obtain when owning real estate in Turkey.

In this article from Taksim Real Estate, we explain the reasons for the recent rise in house prices in Turkey, and the extent of its impact on real estate sales in the country, so read on.

Reasons for increasing real estate prices in Turkey

As we mentioned earlier, the increase in the price of real estate in Turkey is due to the increased demand by Turks and foreigners alike, and if we talk about the reasons for the increase in foreign investors, especially Arabs, to buy a property in Turkey, the most prominent of them are the following:

• The facilities provided by the Turkish government to investors, including the real estate appraisal document, and the abolition of the reciprocity law.

• Discounts and tax exemptions when buying a property in Turkey.

• Major infrastructure projects, such as the Istanbul Canal Project and Istanbul's Third Airport.

• The social and political stability in the Republic of Turkey.

• The possibility of a foreigner obtaining real estate residency or Turkish citizenship when buying a property there.

Real estate sales in Turkey in light of rising prices

House prices in Turkey increased during the third quarter of previous  year 2021 by 37%, compared to the same period of 2020, and the highest rise were Aydin, Mugla, and Balıkesir, respectively.

During this period, about 396,328 homes were sold in the Turkish states, with home sales increasing in 2021, by 26% compared to the same period last year, according to the latest report of the endeksa platform.

Real estate sales to foreigners also increased by 43% compared to the same period in 2020, where 16,991 housing units were sold to foreigners, with home sales to foreigners achieving 60%, an increase of 43% compared to the same period of the previous year.

Will real estate prices rise in Turkey in 2022?

Local real estate market experts expect a further rise in the price of real estate in Turkey during the current year 2022, as a result of the increased demand for purchase, in addition to the high exchange rate of the US dollar against the Turkish lira.

With this rise, Turkey remains the ideal destination for foreigners wishing to invest in real estate; this is because the prices of housing units are very low compared to other Arab and European countries.

This was a quick presentation of real estate prices in Turkey, and the reasons for its prosperity, with a presentation of the real estate market experts' view of prices in the future.

If you want to know more about the price of real estate in one of the Turkish states; do not hesitate to contact us at Taksim Real Estate Consultancy, and our legal team will be happy to provide adequate answers to your inquiries... Contact now!

or you can check the following link with our full listing of properties for sale in Turkey

Properties for Sale in Turkey 

Editing: Taksim Real Estate Consulting©

Source: endeksa