Advantages of real estate investment in Turkey
Investment in Turkey is one of the first preferences of investors from all over the world, especially real estate investment. The real estate market has gained a reputation for being the most guaranteed investment sector. It’s the safest way to make money and also the quickest. Therefore, in this article from Ebla Real Estate, we will talk about the advantages of real estate investment in Turkey.
Table of contents:
- Reasons for the boom in real estate investment in Turkey.
- Advantages of real estate investment in Turkey:
- Obtaining real estate residence or Turkish citizenship.
- Government support for investors in the real estate sector in Turkey.
- Guaranteed investment returns.
- Availability of multiple options and opportunities for real estate investment in Turkey.
Reasons for the boom in real estate investment in Turkey:
- Turkey has a strategic geographical location as it is a natural bridge between Asia and Europe.
- Moreover, Turkey has a strong economy that makes it a leader in real estate investments and urban transformation projects.
- Furthermore, Turkey is one of the most important ten countries in terms of tourist attractions in the world. Tourism in Turkey plays a major and essential role in stimulating real estate investments to the highest level.
- In addition, the real estate market in Turkey is one of the best real estate markets due to the great successes and the high profits it provides to investors.
Advantages of real estate investment in Turkey:
There are many advantages of real estate investment in Turkey, as it is considered one of the most attractive countries for investors. Moreover, last year, real estate sales in Turkey exceeded 1.5 million, according to the report of the Turkish Statistics Authority. Among the most important advantages of real estate investment in Turkey are:
1. Obtaining real estate residence or Turkish citizenship:
Foreigners who buy a property in Turkey worth 75.000 $ have the right to obtain real estate residence in Turkey. Real estate residence allows foreigners to live, reside, invest in Turkey, do business and carry out daily activities without experiencing problems.
Moreover, foreigners who buy a property in Turkey worth 400.000 $ have the right to obtain Turkish citizenship. Thus, he will obtain a Turkish passport and benefit from its advantages.
2. Government support for investors in real estate sector in Turkey:
The Turkish government supports foreign investments in Turkey, and provides them with many facilities and services. Among the most prominent aspects of government support for foreign investors in Turkey are:
- The Turkish government grants real estate investors the right of legal residence in Turkey. It also grants them Turkish citizenship; If they invest 400,000 dollars in real estate.
- Moreover, Turkish laws allow foreigners to obtain a real estate loan if they meet the necessary conditions.
- Furthermore, Turkish laws stipulate that foreigners are exempted from value-added tax if they purchase a property in Turkey.
- Turkey abolished reciprocity and allowed foreigners to own real estate in Turkey, with the exception of only 5 countries.
- In addition, the Turkish government has allowed foreigners to buy real estate, belonging to it, in installments.
3. Guaranteed investment returns in Turkey:
One of the most important features that motivate foreign investors to invest in Turkey is the return on investment. The real estate sector in Turkey is the best profitable investment opportunity.
Moreover, real estate has a clear advantage as it is the most dependable as the real estate investment does not waste the capital.
Furthermore, real estate investment is generally known for maintaining its real value. In addition, the value of the property may often increase, bringing annual profits through investment returns through resale or leasing.
According to studies and statistics, real estate in some Turkish cities, such as Istanbul, has achieved profits exceeding 100% of the total property value.
4. Availability of multiple options and opportunities for real estate investment in Turkey:
The Turkish real estate market offers multiple and varied opportunities and options. Thus, this diversity is one of the main reasons for the strength and distinction of real estate in Turkey.
Investors can invest in ready to move in properties or under construction properties.
Moreover, investors can invest in residential real estate, commercial real estate and agricultural real estate.
Edited by: Ebla Group Real Estate
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