Investment in Turkey and Its Advantages

The real estate investment in Turkey is a common idea among foreign investors and demand for buying properties in Turkey still increasing nowadays as real estate sales figures show in past years. Sales continued to grow despite the Corona pandemic situation. Those who are interested in buying properties in Turkey may ask about tips and secrets that can increase their investment profit, in this article we analyzed the factors that hopefully will lead to a successful real estate investment in Turkey.

Why Turkey is a Good Country for Investment?

Turkey is one of the best countries for real estate investment, as it has a distinguished geographical location in the middle of the world map. Perhaps one of the most important reasons that gave Turkey this position is the government support for this sector and encouraging foreign investors by making the buying process easy for them, where in most cases the foreign investor is exempt from several Real Estate Taxes. Turkey has cheaper property prices compared to other foreign countries such as Europe and America. It recently became the major attention for investors as they can get a luxurious property at an affordable price.

The Core Advantage of the Turkish Real Estate Market:

The real estate market in Turkey is emerging and strong. Real estate in Turkey has a high investment value in term of the capital invested in it. Recent years have proven that real estate prices increase continuously and significantly. Also, Turkey is looking to join the European Union in the coming years and once this is achieved, the real estate prices expected to double, as similar scenarios happened in the countries that joined the European Union in recent years, such as Croatia, Romania, and Bulgaria.

Motives of Real Estate Investment in Turkey:

• The diverse social environment provides a comfortable atmosphere of living within Turkey since the Turkish society is open to several eastern and western cultures
• The Turkish economy is one of the most powerful emerging economies in the world, which adds reassurance to investors
• Strong tourism in Turkey, which increases real estate investment opportunities
• Advanced infrastructure, Turkish government pays a lot of attention to this matter, and infrastructure is considered solid in Turkey.
• The Turkish real estate market is constantly vibrant locally and internationally

Best Cities to Buy Property in Turkey?

There is no doubt that Istanbul is on the top list of the best cities for real estate investment, due to its strategic location and being the financial capital of Turkey. Besides, Istanbul among the first tourist destinations in the world with a large population, so there is a wide range of renters and those who are looking to buy properties in it, which helps to stimulate the real estate market. The city also receives special attention from the Turkish government, this could be seen in the huge projects such as Istanbul's third airport, the largest airport in the world, also there is the new Istanbul Canal, which will become the most important project in Turkey, due to its economic and investment benefits.

Tips for a Successful Real Estate Investment in Turkey:

1- The location of the property, what determines the location of the property, is the type of profit targeted from the real estate investment. Are you looking for a long-term profit and an increase in the capital invested in real estate? Or a fast return from investment comes from the rental income? Whereas, if your goal is quick profit, projects close to the city center and apartments with a small area are best for this purpose. But if you are looking for an increase in the capital value invested in the property, head towards modern areas and close to new construction projects such as residential complexes close to a new metro construction project, subway, or a water canal such as the new Istanbul Canal

2- Look for the best available investment opportunities. This can be achieved by using real estate agent with great experience in this field to find the optimum option with the best price

3- Investing in apartments equipped with the smart-home system, is the general trend in the near future and allows you to have a comfortable and luxurious lifestyle with an increasing value of the property

4- Investing in real estate under construction, keep this option in your mind, as this type of real estate investment is an excellent way to increase the value invested in the property and this increase may reach 30% of the property value because the prices of apartments under construction are much cheaper compared to ready to deliver apartments, that saves a large amount of the invested money

The idea of ​​buying real estate in Turkeyhas become popular among those interested in obtaining an ideal opportunity for housing or investment and take advantage of the appropriate real estate investment options in Istanbul to obtain a high return by communicating with our real estate consultants.

Do not forget that investing in real estate in Turkeyis only a way to gain Turkish citizenshiporreal estate residencepermit that allows you to stay in the country legally and then acquire many of the privileges that a Turkish citizen gets.