Feb 5, 2023

The Future of Turkey Real Estate investment

Turkey's distinctive location between the two most important continents in the world, Europe and Asia, has played a major role in its fame and economic and commercial success. Due to its location it has many good trade relations with the countries of the European Union and the Middle East, and this is greatly beneficial in foreign investment and commercial business.

Turkey is famous for its strategic location and historical importance. Its richness in geographical diversity has played a prominent role in leading Turkey real estate sector to be the most attractive investment destination for investors around the world, especially in the recent years.

Reports and studies concerned with real estate affairs around the world have indicated that Turkey real estate is one of the ideal destinations for real estate investment in the world. In addition, Turkey's pleasant climate and its amazing terrain of coasts, mountains, plains and valleys are considered one of the most important factors that attract tourists and stimulate tourism in Turkey, which benefits real estate investment and the movement of the Turkey real estate market.

What is real estate investment?

It is one of the most important and widespread forms of investment not only in Turkey but in the world. Although this type of investment is a long-term investment and its results are not immediate and require time, it is the most popular in Turkey, because it is a safe investment and achieves guaranteed profits, whether the investment is in an under construction real estate or in a ready-to-move real estate. Profit rates vary depending on many factors such as the property’s location, its view, and its proximity to appropriate infrastructure.

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Future of real estate investment in Turkish cities

Istanbul

The future of investment in Turkey real estate is safe, especially in the city of Istanbul, the strong economic arm and the most important economic capital in the world. There are several reasons that indicate that the future of investment in Turkey in general and Istanbul in particular is 100% safe and successful, which are:

Related studies show that foreign investors' desires to invest in Turkey real estate tend toward the commercial sector of real estate more than others, especially offices and companies, as the office market in Istanbul is witnessing strong competition among investors. Of course, because these projects are implicitly more profitable than residential real estate investment.
The return on investment from Istanbul Turkey real estate is a very competitive return, not only at the local level, but also at the European and global levels, as Istanbul achieves record numbers every year in increasing its population, due to the movement of immigration to it from inside and outside Turkey. This creates a continuous increase in demand for real estate and housing.
Istanbul is greatly concerned with issues of construction and urbanization, and attaches great importance to urban construction. Thus, Turkey real estate in European Istanbul is distinguished by the fact that it is superior to many of its counterparts in Turkey and abroad in terms of design, amount of attraction, and prices.
The Turkish government is trying to take advantage of its old or non-strategic areas by developing its infrastructure and providing it with a number of temptations and incentives, which increases real estate prices there. This very matter was the reason for the rise in apartment prices in Istanbul in more than one area.
Istanbul has transcended its superiority in presenting modern offers for Turkey real estate to a more important stage, as there is now a significant difference between it and other cities in terms of the volume of real estate sales. It has also reached the point where the demand for real estate exceeds the real estate offers submitted, which has greatly contributed to raising the financial return of investing in Istanbul real estate to a point where it ranked second in the world as the best real estate investment return value.
The strategic projects undertaken by the Turkish government from time to time, most of which are located in Istanbul. These projects would change the economic and commercial map of the world, such as the New Istanbul Canal project and the new Istanbul Financial Center project, which was opened last year in the Asian part of Istanbul.

Elements of the success of real estate investment in Turkey in the future

There are many indicators that show that the future of real estate investments in Turkey real estate will be a prosperous and promising future with good and profitable returns and gains. We mention some of the most important of these components:

Modern real estate architecture

Real estate in Istanbul in particular is characterized by being beautiful, new and modern, because the Ministry of Housing in Turkey urges real estate developers to apply modern, environmentally friendly and generally economically efficient architectural methods. In Istanbul, you will find many real estate investment options that provide architectural beauty and thoughtful green spaces in addition to being economically efficient and with a acceptable profit returns.

Capital is safe

Real estate investment in Istanbul is very encouraging due to capital protection, because property prices always change with the value of the Turkish Lira, and if local currency rates fall, the property value logically rises to compensate for any decrease in the price of your property. In addition, the Ministry of Economy and the Central Bank of Turkey are key players in ensuring real estate and product stability and balance against the Turkish lira.

Real estate with unique specifications and high quality

Turkey real estate competes with its counterparts in various Arab and foreign countries of the world. Turkey today is full of thriving real estate investment projects, including real estate development projects. So that Turkey real estate is built using the best building materials, the latest and best technologies, with the expertise of the best specialized engineers.

Obtaining Turkish citizenship by real estate investment

Obtaining Turkish citizenship by real estate investment in Turkey was one of the most prominent government laws supporting the Turkey real estate sector and real estate investment movements in it. As for its details, the government granted Turkish citizenship to real estate investors when the investor purchases a property worth $400,000, provided that they hold one of the nationalities that are allowed to own and buy Turkey real estate, they are adults, they buy the property from a Turkish citizen, they do not sell the property three years before purchasing it, and that the required conditions and documents are met.

Obtaining real estate residence permit by real estate investment

Another encouraging law that the Turkish government has enacted to encourage investment in Turkey real estate is granting real estate residence permit to a foreign investors who purchase a property worth $200,000 in any Turkish city.

Competitive prices of Turkey real estate

Despite all the modernity, development and sophistication that Turkey real estate has achieved, it still enjoys relatively low prices when compared to its counterpart, real estate in European or foreign countries, due to government support, a solid economy, and attractive plans for investment in Turkish territories. This reflected positively on the real estate investment movement in Turkey.

If you would like to know more about Turkey real estate and real estate investment in it, do not hesitate to contact us via WhatsApp, here. Our company's real estate consultant will contact you immediately.

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