Due to the travel ban, you can now own property from your home and get all the documents from your country, stay safe.

Value-added tax (VAT) reduction from 18% to 8% in Turkey

Ms. Oya Zingal, the executive director of Murabaha Real Estate Solutions, Turkey Branch; one of the largest Gulf companies active in the Turkish real estate sector >>

4,631
2016-09-17 Last update 2020-04-13

Value-added tax (VAT) reduction from 18% to 8% in Turkey

Ms. Oya Zingal, the executive director of Murabaha Real Estate Solutions, Turkey Branch; one of the largest Gulf companies active in the Turkish real estate sector, had assessed the actions taken by the Turkish government including the reduction of Value-added tax (VAT) from 18% to 8%, for those wishing to own properties within the period extended to the date of 31th of March 2017, where she indicated that this reduction in the tax could turn into an important opportunity for those who wish to purchase a property for real estate investment in Turkey.

Ms. Zingal added that after the failed attempt of the military coup in the 15th of July 2016, investors started to think twice and thrice before they purchase a property. But the polices followed by the Turkish official bodies in this regard, such as the reducing of the interest rates on mortgage loans on the one hand, and the encouraging offers provided by a lot of major real estate companies on the other hand, brought back the markets to the bath of prosperity again, and real estate sales raised significantly.

Ms. Zingal also stressed that the decision to reduce the real estate VAT rate, which increase in the size over 150 square meters, from 18% to 8%, was the right decision to take, and it will open the door wider to the real estate sector and will significantly encourage the real estate markets movement during the period assigned.

More from Imtilak
Own Real Estate from your home | A new way for real estate ownership

Now you can buy your property from your home. The General Directorate of Land Registry and Real Estate Survey in Turkey...

2020-03-24
1,552
In exchange for buying a real estate, number of people who obtain Turkish citizenship increases

Obtaining Turkish citizenship in exchange for buying real estate is the perfect solution for foreign investors, especial...

2020-01-14
1,868
Privacy Policy

We use cookies to offer you the best possible user experience, learn more about how to use them