Six Reasons Why You Should Buy Real Estate in Turkey
Real estate investment in Turkey has become one of the most frequently used words among businessmen and investors in the past few years, which led to an increase in the number of foreign arrivals wishing to invest in real estate and go to the real estate market in Turkey. This increasing demand was the result of several driving reasons, including:
1-The many advantages of Turkey in many aspects:
• Geographical location: Turkey is located in a strategic area linking the three continents of the world. It overlooks the most important trade routes in the world, in addition to overlooking the most important seas.
• Economic situation: Turkey is characterized by a stable economic situation, where the Turkish economy is characterized by stability and strength in the face of all internal and external challenges.
• The political situation: Turkish politics is characterized by a friendly state and political positions with most other countries of the world
• Tourist aspects: Turkey is considered one of the richest countries in tourist areas. It is rich in historical tourist attractions, forests, mountains, beaches, and areas that are more attractive to most of the world's tourists.
• Security and stability: Turkey is characterized by a high state of security, safety and stability that prevails in life and housing
• Advanced service infrastructure: Turkey has a developed service infrastructure in various fields, from transportation, roads, and entertainment service projects to hospitals, universities and schools, which are spread in most cities and regions of Turkey.
2- Multiple real estate options that satisfy all desires:
The real estate sector in Turkey is characterized by the huge diversity that meets all the desires of foreign or local investors, only the desire and strategy of the investor choose his goal where he can find villas for purchase, apartments, office apartments, studio apartments, apartments within residential complexes, shops, smart homes and many other types of real estate that an investor wants to buy.
3- Government facilities for foreign investors:
The Turkish government has provided a large number of facilities in the field of real estate investment and the conditions related to the sale of real estate to foreigners, working on the quick completion of transactions related to the sale of real estate to foreigners, and the absolute comfort in dealing with investors in order to complete the process of buying real estate as soon as possible, and it also worked to exempt investors from the added tax, Which provides the investor with an amount of money that attracted foreign investors and urged them to buy and invest in real estate in Turkey.
4- Getting real estate residency or Turkish citizenship:
Getting real estate residency or Turkish citizenship is one of the most important reasons that push investors to buy real estate in Turkey. The Turkish government has worked on this, as it put in place laws and instructions that authorize a foreign investor to get real estate residency when buying a property in Turkey which price is not less than 75 thousand US dollars. It also empowered the investor who buys a property worth not less than 400,000 US dollars to get Turkish citizenship, but with specific conditions.
Investors who meet the required conditions and who come from most countries of the world and wish to get it, they get it only 90 days after purchasing a property in Turkey.
5- The thriving state of the real estate market in Turkey:
The real estate market in Turkey witnessed a state of prosperity and activity that affected the daily trading of buying and selling operations, which was due to an increase in the number of requests to buy real estate, especially residential real estate, and the main reason for this increase was the huge financial returns and profits belonging to the real estate investor in Turkey, this increase is reflected positively on the market movement and thus led to an increase in the general price index, as expectations indicate that the index will continue to rise in the coming years, which prompted more investors to go to Turkey to buy real estate and thus the demand for the real estate market in Turkey will increase, which means that prices will continue to rise and will continue.
The real estate market is in a state of prosperity and activity, as the real estate market in Turkey has become one of the most important and successful real estate markets in the world.
6- The many advantages that real estate investor enjoy in Turkey:
• The real estate investor in Turkey has the most important opportunities and plans to make profits and financial returns, through the business of commercial investment by buying and selling real estate, and many investors are heading to Turkey in search of success in their real estate business.
• The real estate investor can expand his real estate business because of the cheap real estate prices in Turkey, and because of the facilities provided by the Turkish government in the field of real estate investment.
• The investor can benefit from renting the property out and this will return to him with a fixed, continuous and agreed monthly income between the lessor and the lessee.
• The real estate investor can guarantee the continuity of his real estate business due to the large and consistence demand for buying real estate in Turkey.
• Real estate investment allows the investor to visit all regions of Turkey, enjoy its tourist attractions and practice some activities in it
• The real estate investor in Turkey can buy real estate by installments either from the property owner or directly through a Turkish bank
• The possibility of getting a Turkish passport for the real estate investor who obtained Turkish citizenship by purchasing a property in Turkey, which authorizes the investor to enter most countries of the world through it.
Here, we have summarized and mentioned the most important reasons that prompted investors to buy real estate in Turkey, which caused an increase in the number of investors day after day, and the successful experiences of investors who go to Turkey to invest and buy real estate.
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?
