The desire of foreigners to buy a property in Turkey has increased recently, and there is no doubt that owning a second home in another country such as Turkey brings with it many benefits in the lifestyle, without mentioning Turkey’s natural beauty and its touristic position in the world and Europe, and as a result, sales have become Foreign real estate is very high, and according to official statistics in Turkey, the average sale of real estate in Turkey has reached 50,000 properties annually to foreigners, and these nationalities are mostly Iraqis, Iranians and Russians.
History of real estate investment in Turkey
Turkey is the preferred destination for real estate investment experts around the world, especially since it is considered a safe country if the investor decides to spend his money in Turkey, and Turkey is witnessing in its last years very rising numbers that promise a brilliant real estate future after it ranked first in the world in increasing real estate prices, and this Evidence that the demand for real estate investment in Turkey is increasing day by day.
Advantages of real estate investment in Turkey :
positive returns Profitable exchange rate
-Real estate buyers in Turkey get more cash at the foreign exchange rate against the Turkish currency, and this is an opportunity that helps foreigners to strengthen the investment capital.
-Long-term property price hike:
Real estate investment in Turkey You can benefit from it in the case of real estate trading in Turkey, as real estate in Turkey increases in price in the long run.
Buying real estate for foreigners in countries other than Turkey needs very high costs and expensive taxes, while the costs of buying real estate in Turkey are very low with an easy process that takes from one to three weeks.
The ideal lifestyle:
Real estate buyers who are looking for another country to buy a property in for holidays, Turkey is the ideal country for its beautiful coastal geographic location, healthy living due to the abundance of nature in Turkey, and there is no doubt that one of the fastest growing tourism markets in the world is Turkey.
Profitable returns from real estate investment in Turkey
The value of real estate in Turkey increases significantly annually, and therefore real estate investment is able to achieve high returns and profits for foreign investors, and this is a strong motivation for real estate investment in Turkey, and the rise in real estate prices in Turkey is due to the large number of real estate construction companies that have built real estate projects Huge and competitive offers.
Tips to increase real estate investment profits in Turkey
-To improve the selection of the location of the real estate project.
-The property has a distinctive view in a quiet area.
-To choose the most luxurious type of real estate
-Try to get the best price you can get with the help of real estate companies.
-To rent or operate the property.
What are the best Turkish cities for real estate investment?
Istanbul in general enjoys strong economic and population growth, as the population of Istanbul is rapidly growing, which creates a great demand for residential properties, whether for rent or purchase, and thus real estate investment in Istanbul is a great source for obtaining a high and strong return on investment.
The beginning of Ankara is the capital of Turkey, and this is one of the strongest reasons why it is one of the best Turkish cities for real estate investment, far from being the capital of Turkey, the real estate sector in Ankara is very developed and is considered the second largest real estate sector in Turkey after Istanbul.
The city of Izmir has witnessed a significant increase in terms of international investments, and it is the third largest city in Turkey, and is an important center for tourism, maritime transport and industry.
Antalya is a city full of tourist resorts and modern luxury residential complexes covered with the latest technologies, and many real estate investors have taken Antalya as a real estate investment place in Turkey.
After the opening of the Osman Ghazi Bridge in the city of Bursa and shortening a very large time to move between Istanbul and Bursa, the prices of residential real estate increased and the demand for real estate investments in the city of Bursa increased. Turkey for residence.
What is meant by real estate investment companies in Turkey
Real estate investment companies are business entities owned by a private or public sector, that manage, sell and operate funds for clients. The main business of a real estate investment company is to hold and manage securities for investment purposes, and it provides investors with a variety of investment services that include capital management, taxation, legal matters and accounting.
Turkish citizenship by real estate investment
One of the advantages of real estate investment in Turkey is to obtain Turkish citizenship through real estate investments, as Turkey has a law that allows foreign investors who invested with a value of 250,000 dollars after updating the law (in the past, a foreigner had to invest a million dollars), and the citizenship obtained by the investor is not only him, but his first-class family members too.
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Exemption from real estate tax in Turkey