The impact of the elections on the Turkish real estate sector 2023

As you know, the Turkish elections are knocking on the doors, and there is little left until their launch, and this, if indicative, is an indication that there are many fields and sectors that will be affected clearly, especially the real estate field, which is constantly growing and affected by all the events around it, so how will its situation be, in your opinion, after the upcoming elections? ? This is what we will talk about in this article.

The Turkish real estate sector after the elections

The end of the elections is a sign of great stability and a new phase of development is coming. It is an announcement of the ideal time for real estate investment in Turkey and to start searching for real estate and apartments for sale. If the economic situation is stable and developed, then it will become more refreshing and developed. .

According to many specialists, real estate prices in Turkey during the coming period will be higher than ever before, as it is expected to continue to rise thanks to the high population density in the country, in addition to foreigners who receive them from abroad throughout the year for the purpose of study, work or tourism, and all this makes there a great demand for real estate and residential apartments in particular.

During the coming period, we will have dozens of strategic infrastructure projects, which are competing with the most important countries in the world, to complement what they have now, as the construction work of the new Istanbul Water Canal will be completed, which is considered one of the most prominent development projects in the region and will have a strong resonance and an overwhelming impact on real estate.

Is the current time suitable for real estate ownership in Turkey?

If you want to engage in a real estate investment project in Turkey, then this is the most ideal time ever before prices record a significant rise, as you can achieve the equation that says the necessity of buying when prices are low and reselling when prices are high, and this is not as far away as we think, thus, your benefit will lie in the price difference between the buying and selling phases.

After the elections, will real estate offers decrease in Turkey?

Some interested people are wondering if the offers available for sale in Turkey will decrease after the end of the upcoming presidential elections or not, or if the procedures will become more complicated? In fact, there is no fear at all about offers due to the proliferation of dozens of residential, commercial and investment real estate projects that are being built and that will end in the coming period, and therefore the options will be multiple and the buyer will not find himself facing limited opportunities.

As for the acquisition procedures, the Turkish government is striving to make things easier to attract more investors. Indeed, the routine requirements are very few and the entire purchase process can be completed in just a few days.

Supporting real estate investors in Turkey

How did the Turkish government work to support and encourage real estate investors in Turkey?

The program for granting Turkish citizenship through real estate investment will continue for $400,000.

Real estate residency can be obtained for a property worth $75,000.

Tax cuts, which are usually a worrying concern for the investor.

Turkey has not placed many restrictions on foreigners and the laws can be dealt with easily.

Real estate prices in Turkey, no matter how high, will remain low compared to neighboring countries.

After obtaining the Turkish citizenship, the investor obtains the Turkish passport, which is considered one of the most important passports in the world because of the many facilities it gives to its holder

The Turkish regulations imposed the need to extract the real estate appraisal document upon ownership, and this is because it determines the real value of the property without increase or decrease, and thus the right of the buyer is guaranteed.

As an attempt to preserve the rights of foreigners, it imposes on them an earthquake insurance policy, through which they can obtain part of their lost property in the event of a natural disaster.

Will Turkish real estate sales rise after the elections?

After 2012, that is, since the Turkish government announced the abolition of the principle of reciprocity, the number of real estate buyers in Turkey has increased exaggeratedly, and year after year the number is increasing, and in light of all the developments in the Turkish real estate sector, it is natural for the number to be on the rise, as many factors have come together at the same time, the most important of which are:

If the buyer does not have the ability to buy an apartment and pay in full at once, then there is no problem with buying in installments, and therefore the buyer will not find it difficult to pay the installments because they are in separate stages according to what is agreed between the seller and the buyer.

One of the opportunities offered by the real estate market in Turkey, which makes the demand great, is that foreigners can buy real estate in projects under construction and take advantage of their low prices and their high prices upon completion of construction work, which confirms that it is a real investment opportunity that deserves to be chosen.

There may be places where foreigners are prohibited from owning real estate, but it is not a problem, on the other hand, all other regions of Turkey are available to buyers without restrictions.

It is natural to find that real estate sales in Turkey are on the rise with the expected investment future, as it is possible with the passage of time to obtain a high return, especially if the investment is based on correct and studied foundations.

In Turkey, apartments and real estate can be obtained with a distinctive view, which may be on the sea or on the vast green spaces.

Strategic achievements in Turkey affecting real estate

This country includes a wide range of distinctive projects that had a strong impact on real estate.

Istanbul's new airport, which is one of the largest and most important airports in the world.

The new Istanbul Canal, which is considered one of the huge projects.

The development of public transportation and tomorrow moving from one place to another is very easy.

Turkey has a number of advanced medical cities equipped on a high scale.

You will find advanced schools and luxurious entertainment venues.

IstHomes real estate company always answers your questions:

We are keen to constantly monitor various and important topics.
We answer your inquiries aboutTurkish citizenship.
We talk aboutreal estate residencyand other residencies.
We share with you the steps tobuy real estate in Turkey.
We offer you information about real estate investment in Turkey.
We simplify the procedures that you must take when buying a property in Turkey.
We highlight the most important areas for buying apartments in Istanbul.

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