Reasons for the success of real estate investment in Turkey:
Capital owners and businessmen did not choose real estate investment in Turkey until they saw the advantages that they could obtain through it. If you want to enter the world of investment in this country, you must first take a look at all the details and information related to it.
In this article, we will highlight all the reasons that lead to the success of real estate investment in Turkey and its most prominent positive repercussions.
Why is real estate investment in Turkey successful?
This is a question that every investor will ask before he takes the step of buying real estate in Turkey, so we will answer it through the following paragraph.
1 - Turkey has provided foreign investors with the appropriate atmosphere to start their projects on its land, and it is suitable for all areas of investment without exception.
2 - There are always amendments to Turkish laws, where the government is keen to attract foreign investments, in order to reflect this positively on various sectors, especially the economy.
3 - It has a strong and prosperous infrastructure through which it has been able to compete with the most important countries in the world, such as:
- Istanbul's new airport is among the largest in the world.
- Canakkale Bridge, the longest bridge in the world, was opened a few days ago.
- Istanbul's new water canal, which is named after the project of the era.
- Expanding public transportation networks through which it controlled congestion and traffic density.
4 - It is characterized by an exceptional geographical location in the middle of three continents (Asia - Europe - Africa) and is also close to the Arab world, and add to your information that it spans two continents.
5 - Real estate taxes in Turkey are low compared to Europe, and sometimes there is an exemption from paying the tax completely.
6 - Real estate prices in Turkey are cheaper than real estate in Europe, and the difference between them may reach fifty or sixty percent.
The future of real estate in Turkey:
One of the important inquiries that real estate investors are looking for is (Where is the real estate heading) will its price rise or fall? Or will it remain as it is?
According to many predictions in this regard, it is expected that real estate prices in Turkey in the coming days will record a significant increase in their prices for many reasons, including:
- Turkey is witnessing a high population density, its population has exceeded 84 million people.
- Every month, thousands of foreigners who need apartments flock to it.
- Turkey is also ranked fourth in tourism importance (it receives millions of tourists annually).
- The rise in the prices of building materials led to a rise in their prices.
- The fluctuation of the exchange rate of the Turkish lira against foreign currencies.
In general, real estate is one of the best types of investment in light of crises because it preserves and develops money. Did you know that in a few years you will find that your capital has doubled to two or three?
Real estate diversity in Turkey:
Among the main reasons for the success of real estate investment in Turkey is that there is a great diversity that you must find what suits your taste and budget.
You are faced with two main options, either to enter the field of residential real estate investment or commercial real estate, and here are the details of the matter:
1 - Residential real estate investment:
It means every property designated for housing, such as detached apartments, apartment complexes, villas, and others. It has many advantages as it is easy to rent because the communities' need for housing properties cannot be interrupted, and also if you want to sell them, this will not take much time.
You do not need to be an expert in this field and also do not need a large capital.
2 - Commercial real estate investment:
As for what we mean by commercial real estate, it is every real estate used in a commercial project such as shops - offices - stores - companies - restaurants - cafes - hotels and others.
One of the most important advantages of investing in this type of real estate is that you do not need to suffer with the tenants and their delay in paying their due payments because they have high budgets.
Also, you will not have to deal with the problems they face in the property or do maintenance for some things, they prefer to do everything in line with their work.
Commercial property tenants do not prefer to move from one place to another and therefore you will sign long-term contracts.
The two most important advantages when investing in real estate in Turkey?
Have you ever seen the most important advantages that you will get when investing in real estate in Turkey? Through the following paragraph, we explain to you the full details of the matter.
1 - The possibility of obtaining Turkish citizenship:
- If the price of the property is two hundred and fifty thousand US dollars or more, you can apply for Turkish citizenship.
- Also, the property must be kept for a period of three years from the date of its purchase.
- If you intend to buy a property in Turkey to obtain this citizenship, you must be sure to pay its price through a Turkish bank.
- You must also buy it from a Turkish citizen.
2 - Obtaining real estate residency:
- When buying a property in Turkey, an application for obtaining a real estate residence permit can be submitted.
- It is considered easy to obtain, as there are no conditions other than that the property be residential.
- It is short term but can be renewed annually.
- It is given to all family members.
- It gives its holder the right to travel to and from Turkey without a travel permit.
- Also, he can transfer between Turkish states without any restrictions.
In your opinion, are these advantages that we mentioned above sufficient for the success of real estate investment in Turkey? If you have any questions about this issue, you can contact us to provide you with assistance and do not forget that there is an abundance of real estate offers available for sale in Turkey that suit all tastes and budgets.
Related articles:
Cheap apartments for sale in Turkey
Real estate investment guide in Istanbul
Conditions for obtaining Turkish citizenship
Types of Turkish passport and its features
Benefits of buying a property in Turkey
How to obtain real estate residence in Turkey?
