Reasons for the Government's Interest in the Real Estate Sector in Turkey
The real estate sector in Turkey occupies a distinct space compared to other business sectors in this region, due to the great support that this sector receives from the Turkish government and by other government sectors that have contributed to making the real estate market in the region rich in all kinds of possible and available properties that investors are looking for in all respects, this market is prosperous in all economic, commercial and real estate aspects and becomes a distinctive attraction in Turkey.
Why is the Turkish government interested in the real estate sector?
The government pays great attention to this sector, and this was evident through the laws and regulations that it enacted and put in place within the framework of facilitating Turkish and foreign real estate investments. It discussed several projects to develop the real estate reality in the region, which led to making the real estate market in it prosperous and developed and ready for any real estate mission and ready to receive the masses of investors and secure the real estate needed for their work.
The reasons that made the government pay special attention to this sector are:
1-Because it contributes to improving the economy in Turkey
The real estate sector is one of the most important sectors in Turkey that contribute to the development of the economy in it, and this is through several things in which the real estate sector affects the economic field and improves it and makes it strong among the economy of the neighboring regions of Turkey, and this is through direct impact on the shares of the economy and work. we will explain these things that pushed Turkey to a great development in the economic world through the real estate sector:
-Securing job opportunities in the real estate sector for many Turks, and this work varies between construction, clothing, finishing and working as a real estate broker or in real estate companies, which raises the value of the real estate sector to the Turkish government due to the strong renaissance in the economy and work.
-Improving the standard of living in Turkey by raising the wages of workers and employees in the private real estate sector and in real estate companies. This has contributed to developing the economy and raising the living income of other employees in other sectors and even in government sectors.
-The real estate sector plays a major role in determining prices for economic goods, through real estate prices in the region and their differences from one region to another, making economic diversity present in the region.
-When the real estate sector is developed, it requires a more developed economy, and conversely, the Turkish government is interested in keeping pace with the development in European countries in terms of the development in its real estate.
2-Because it contributes to raising the level of real estate in the region
When the Turkish government pays attention to the real estate sector, this results in great advantages over real estate, so it receives greater attraction and the process for which it was distinguished will succeed. Among these features that will develop in Turkey's real estate:
-Building new real estate or modern projects with a degree of development and strength in construction, and this is what made the real estate movement in the region stronger and in greater demand.
-Views of real estate and their locations and drag service and entertainment centers along with them.
-Improving real estate prices in the region and their differences between one property and another, setting the appropriate price for each property, including specifications and features, as well as submitting offers on real estate prices and allowing them to be sold in installments.
3-Because it attracts investors from all over the world
The real estate sector in Turkey is one of the most famous real estate sectors in the neighboring countries of Turkey, and this fame contributes to making real estate in Turkey a center of attraction for real estate investors who come from all countries around the world in order to enjoy the advantages of real estate in Turkey and to practice real estate investment in it, and therefore the Turkish government is interested in this sector due to the real estate movement that it brings from neighboring and non-neighboring foreign countries, and this affects all fields in Turkey. The foreign investor who wants to settle in Turkey and invest in it plays a role in improving the economy and living in the region, especially the areas famous for receiving investors such as Istanbul and its European regions.
4-Because it contributes to improving trade and infrastructure
It is one of the most important reasons why the Turkish government cares about this real estate sector and distinguishes it from other sectors through the laws that belong to it. Trade is the backbone in Turkey, especially after the great dependence on trade coming through the sea and the strait and internal trade represented by global markets and malls which spread in every part of Turkey and this effect is positive so that these markets improve and develop and become ready to meet all requests and secure all the needs of investors coming to Turkey to see its real estate and this development affects the sea ports as in the Bosphorus Strait, which is the most important sea outlet in Turkey. As for the infrastructure, the real estate sector is the link between the Turkish government and the development of infrastructure. Wherever the important properties are found, the government has developed the infrastructure surrounding these properties and increased their features and improved them.
5-Because it is a tourist destination in Turkey
There is no doubt that Turkey is the tourist destination between the bustling Europe and the quiet Middle Eastern countries. This gave it great tourist advantages that made it a window into the tourist world and made the Turkish government take care of the real estate surrounding the tourist areas in it, because of the tourists’ need for real estate to settle in before the completion of the tour. It has a major role in raising real estate prices in these areas and making investment in them more profitable than other areas, so it is one of the reasons for the government's interest in the real estate sector in Turkey.
6-Because it receives thinkers and seekers of knowledge
Because of the great interest by the government in the field of real estate and providing it to all people and with many facilities, it has become possible for brains and graduate students to migrate to Turkey in order to search for an opportunity to complete their educational attainment, especially since Turkey is famous for having universities and institutes with a high level of education and a distinguished classification among international universities This is what gave it great importance to students and made it a goal that is easy to achieve through real estate investment in Turkey, especially after the Turkish government’s facilities in the field of receiving applications and low and medium rates and treating it as a Turkish student and giving him certificates due according to the degrees due.
7-Because it creates guaranteed chances of success
The Turkish government imposes some of the necessary facilities for the process of real estate investment in Turkey's real estate in order to attract large numbers of investors to it and the possibility of living and stability on its land, and the most important thing that Turkey real estate provides are the many options available to the investor to invest as well as ensure the success of real estate investment in real estate in this area. As for the options available to the investor, he can buy a property in any city in Turkey and then sell it after a certain period and earn huge money from it or by renting it temporarily and under certain conditions, and through this, he can make monthly or annual money while maintaining the capital without loss or decrease, and in order to ensure success in real estate investment, prices must be monitored periodically and choosing a city with an economy that is constantly rising.
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