Turkey is one of the most important tourist and real Estate Investment destinations, especially Istanbul, where many foreigners, especially Arabs, go to buy a property in it, whether for investment or as a residence in Turkey, due to several reasons, including the diversity and many advantages of buying real estate in Istanbul, and this is what we will learn on it in the following lines.
Table of Contents
- Advantages of buying a property in Istanbul:
- Things to check before buying real estate in Istanbul:
- Steps to Successful Real Estate Investment in Turkey:
- How does real estate investment in Turkey succeed?
- Projects that encourage buying a property in Istanbul:
- Factors that make Turkey real estate the best way for long-term investment:
- Why do Arabs tend to invest in real estate in Turkey?
- What are the reasons for choosing real estate investment in Turkey?
- Medical cities in Turkey and their relationship to real estate investment:
- The most important medical cities in Turkey:
- Advantages of buying a property in Basaksehir area:
- The area contains suitable places for hiking, as follows:
- What makes real estate investment in Turkey distinct from other investments?
- The role of real estate investment in obtaining many facilities:
- What does European Istanbul offer to tourism?
- The best investment areas in the European side of Istanbul?
Advantages of buying a property in Istanbul:
There are many advantages that encourage Arab and foreign investors to buy a property in Istanbul, and they are as follows:
-The owner of the property is able to obtain real estate residency in the country.
-The owner can obtain Turkish citizenship by owning a property, provided that its price is not less than 400,000 US dollars.
-Issuance of a Turkish passport for the property owner in Turkey.
-Facilitate living just like Turkish citizens.
-Linking incoming investments from abroad between the West and the East.
-Buying a property in Turkey provides the owner with a good profit return, given the progress of tourism in Turkey.
-The owner can rent out his property during the seasons of the year.
-Low cost of living in Turkey compared to some European countries.
Things to check before buying real estate in Istanbul:
There are some guidelines that the property buyer must take into consideration, and they are as follows:
-Verify the original property title deed, and that it is not forged or damaged.
-Inclusion of the property sale contract between the buyer and seller on all the details of the property, including specifications, etc.
-Write the date of sale and purchase in the contract correctly and verify it.
-Obtaining a schedule in the ownership contract provides the method of payment.
Steps to Successful Real Estate Investment in Turkey:
You must follow some important steps before buying a property, and you should ask yourself the following questions to get a successful real estate investment:
-What is your budget?
One of the most important steps necessary for the success of buying a property is to determine the budget that you own, and then search for the appropriate property for this budget, and this will save you effort, time and hours of searching for the right property.
-What are your goals for buying a property?
An individual may want to buy a property in Turkey for several reasons that differ from one person to another, as follows:
*Buying a property to live in If the goal of buying the property is to live with the family and settle in Turkey, then you should choose a quiet, low-priced residential area, surrounded by some important facilities such as schools, hospitals and restaurants.
*Buying property for investment: At this goal, the plans will differ. It is necessary to choose a property in a tourist place that has a constant demand, and contains all kinds of services that the visitor needs, which facilitates the speed of renting and investing in the property, and enables you to obtain a good annual or monthly return.
*Buying real estate for business:
The idea of making money by opening a business in Turkey is a great idea, and in this case, you have to choose the right property location for your project, so that it is in an area full of people to guarantee it a success rate and a high turnout of up to 90%.
-How do you get a property?
When buying real estate in Istanbul, you should use a competent real estate expert, such as going to a guaranteed real estate company, to help you search for the right property for your capabilities and purpose of purchase.
-How will you buy the property?
You have to check the property yourself through a physical inspection of it before paying the money and receiving the purchase contract, and this is to verify that the specifications offered to you match the property or not.
-How to receive the property contract?
You have to meet with the seller, read your contract well, and it is best to hire a lawyer to verify that all legal requirements are met, and then negotiate with the seller until reaching the appropriate price for both parties.
-How do you transfer ownership of the property to you?
The signing of the property ownership contract from the seller is not only a guarantee to preserve your ownership rights to the property, but you must implement some of the following steps:
-Go to the real estate registry with all the documents required to complete the purchase of the property.
Documents include passport papers translated into Turkish language. A document insuring the property from earthquakes. A tax number. submit a real estate appraisal report with paperwork. A bank receipts that indicate the completion of the payment of the price of the property.
How does real estate investment in Turkey succeed?
Some factors that have a significant impact on the success of real estate investment in the country must be taken into account, as follows:
-Pay attention to the geographical location of the property, it is necessary to choose it next to all the service facilities that the resident constantly needs.
-Searching for a property near a diverse transportation network such as the metro, public buses, etc., which increases its investment value.
-Obtaining a modern property that is not dilapidated, so as not to have to restore it at any time and pay a lot of money for it.
-It is taken into account to choose real estate of medium size because it suits all categories, whether large or small families.
-Paying attention to the view, as the property that overlooks natural scenery such as the seas and trees has a higher investment value than the back property.
Projects that encourage buying a property in Istanbul:
The Turkish government always seeks to develop the infrastructure, which helps to increase the number of real estate investments in Turkey, especially in Istanbul. Therefore, it offers some development projects, which are as follows:
-Construction of the largest airport in the world, Istanbul Airport.
-Starting the construction of the Istanbul Water Canal.
-Creating more highways in the city and increasing the means of transportation.
-A tax reduction on real estate to be owned by foreigners, which encourages them to buy.
-Reducing the procedures required from the buyer to complete the purchase process faster.
-Allowing a foreigner to establish real estate companies in Turkey.
-Creating a large and developed educational sector.
-The diversity of real estate, where there are different types such as residential complexes, hotels, independent apartments, as well as luxury duplexes.
-Building a lot of picnic spots and recreational places that encourage investment.
-Paying attention to places of worship such as churches and mosques in all neighborhoods of the country.
Factors that make Turkey real estate the best way for long-term investment:
Why do many Arabs choose to buy real estate in Turkey? The main reason for this is the following factors:
-The stability of Turkey on the social and political side, compared to some neighboring countries.
-Turkish laws established for the foreign investor, which make it easier for him to buy real estate in it easily.
-Investors' confidence in Turkey for real estate investment.
-The country has large successful projects that make investment in it safe and secure.
-Its strategic geographical location makes it a distinctive tourist destination.
Why do Arabs tend to invest in real estate in Turkey?
The Arabs are among the people who most resort to real estate investment in Turkey, and this is due to the similarity of the culture of the two societies, as Turkey is characterized by the religious and Islamic character that Arabs prefer, and the Turkish customs and traditions are similar to the societal habits of Arabs, which makes the two peoples quickly integrate.
What are the reasons for choosing real estate investment in Turkey?
Real estate investment in Turkey stems from being a tourist country with an attractive geographical location for investors, as it attracts purchasing power in it from all spectrums. It is worth noting that real estate investment in Turkey is the safe choice, as the real estate market of its various types provides the investor with endless opportunities and advantages.
Also, buying real estate in Turkey strengthens the links between the Turkish labor market and the investor, and it is one of the most appropriate trends when wanting to increase income resources, in addition to the fact that owning a property in Turkey makes the investor able to reside there, which makes it easier for him to follow his investments and business in the country.
Medical cities in Turkey and their relationship to real estate investment:
The medical development in Istanbul had a primary reason for the increasing purchasing power of real estate in Turkey, as foreigners went to buy the property next to the medical facilities because of their importance in human life.
All medical facilities in Turkey have played a remarkable role in controlling the Corona epidemic, and have provided the best services to patients and the injured with high medical quality.
The most important medical cities in Turkey:
Turkey provided about four medical cities, each with a name that carries a historical memory of the country, as follows:
-Medical City (Qartul Lotfi Kardar):
This city was established in 2019, and it contained 1,105 beds, and immortalized a historical memory built on the cooperation between the Turkish Ministry of Health and the authorities of Istanbul.
-Medical City (by Dr. Jamil Tashji):
This city was established with the Corona virus crisis and was named after the first doctor who sacrificed his life in order to care for patients infected with this new virus, and it was opened by President Recep Tayyip Erdogan in 2022 AD.
- Medical City:
This medical city contains eight hospitals, about 708 clinics, more than 90 operating rooms, a capacity of about 2,682 beds, and about 456 intensive care rooms. It is also the largest medical city in the world, with an area of more than one million square meters.
It was established in April of the year 2020. The city was designed with an insulator that protects against earthquakes, and an experienced medical staff was appointed in it.
-Koste Medical City:
This city was recently established to include a large number of hospitals, as it provided in its first phase 597 beds, about 27 operating rooms, and also about 91 beds in intensive care rooms.
It was established in September of the year 2020, and it contains about 224 medical clinics, about 186 single rooms, and 160 double rooms.
Advantages of buying a property in Basaksehir area:
It is one of the famous areas of Istanbul, it contains beautiful landscapes because it is located next to the cypress and pine forests, and the well-known Istanbul Reserve is located there, and therefore it is considered one of the best tourist areas for buying real estate in it, as it includes the following facilities:
-Various educational institutions
-The region contains many schools and universities, and because of the large number of foreigners in it, it has depended on scientific materials from different countries such as Lebanon, America, Libya, and so on in its curricula.
The Arab investor does not purchase real estate in an area that does not have health facilities. Therefore, buying in Basaksehir is suitable, as it contains many hospitals and clinics.
The area contains suitable places for hiking, as follows:
*Mall of Istanbul.
*Ataturk International Stadium.
-Lots of cinemas, swimming pools and green spaces.
- Diverse transportation
Basaksehir contains a strong transportation network, due to its proximity to the new Istanbul Airport, as its location made it get a solid transportation network, and some roads were built in it, as follows:
Southern Road which is TEM Road.
Southern Marmara Road.
The region also includes various metro lines, and many bus lines, and all transportation in it represents a link between more than 90% of the places in Istanbul.
What makes real estate investment in Turkey distinct from other investments?
The characteristics and advantages of real estate investment in Turkey are as follows:
-Real estate prices are subject to a continuous increase, especially in Turkey, due to the demand for it and its growing population.
-Real estate investment provides material profit by purchasing land and building it by establishing a housing project, or buying it for a period of time and then selling it at a time when its price increases.
-Students turn to Istanbul to study and need to rent real estate, which increases the chance of profit in real estate investment.
The demand for arrivals to Turkey, whether for tourism, education or investment increases real estate prices, and this benefits you as a real estate investor.
The role of real estate investment in obtaining many facilities:
It is worth noting that real estate investment offers the investor a lot of facilities in the country, as follows:
-Access to all types of transportation on all lines.
-The possibility of studying in international universities in Turkey.
- Accommodation next to the world's attractions and enjoy them.
-Facilitate investment services, whether real estate or through the establishment of companies.
-Facilitating the services of practicing industrial investments, such as making furniture, some electrical tools, or sporting supplies, etc.
What does European Istanbul offer to tourism?
When talking about buying real estate in Turkey, we should not ignore the European part of Istanbul, because it is an important tourist part, which includes different terrains of mountains, seas, and landscapes, and therefore the investor in this area will receive a profitable financial return.
The investor must know the advantages that he will get when buying real estate in the European part of Istanbul, as follows:
-Taking advantage of global facilities:
The Turkish government has taken care of this region and has established some important projects in it, namely:
*Construction of the Istanbul Water Canal.
*Establishment of Istanbul's third airport.
These facilities make the area touristic and beneficial for the real estate investor, as real estate prices rise based on the nature of the services surrounding the property.
-Profiting from overpopulation:
The development of the European part has had a great reason for attracting many tourists to it, which increases the value of real estate.
-Taking advantage of job opportunities:
The population increase results in an increase in projects and thus an increase in job opportunities.
People heading to the city for work may look for housing for rent, and here the importance of real estate investment appears in the southern part.
-No capital loss:
The continuous increase in the value of the property in the southern part of Istanbul, makes the investor keep his capital in the property safely, and even increase it quickly.
The best investment areas in the European side of Istanbul?
All areas of the European side are characterized by development and attractiveness, but there are some of the most distinguished areas that can be invested safely, as follows:
Esenyurt, which is divided into popular properties, and luxury properties.
Avcilar, a coastal tourist area overlooking the water.
Bahcesehir, this region contains many large green spaces.
Atakoy, one of the well-known coastal areas.
Basaksehir, is an area suitable for the wealthy as it contains luxury buildings.
The advantages of buying real estate in Istanbul are many and varied, but they are summarized in the continuous increase in the price of real estate, which makes real estate investment in it one of the safest types of investment at the level of all types of investments.