Do you support the idea of real estate investment in Turkey? It is considered one of the most important types of investment that many businessmen, investors and capital owners resort to, and the reason for this is because the profit from it is certain, according to them.
Through the following article, the editorial team will present to you the importance of investing in real estate in Turkey, what is the purpose behind this step and the gains that can be obtained through it.
We wish you an enjoyable read.
Why real estate investment in Turkey?
The first objective behind real estate investment in Turkey is to obtain a good financial return on investment, double the capital and maintain it, because over the ages and times, it has been discovered that the best investment option one can resort to is investing in real estate. Real estate does not lose its value and is not affected by the surrounding crises, if happen, what is meant here is economic and political crises, unlike the case with various other types of investment, such as bonds or stocks that lose their value quickly.
What you do not know is that real estate prices in Turkey cannot remain constant for a long period of time. Rather, they are very volatile and often take the high path, which made the investor a guarantor of the size of the profits that he obtains, especially when we talk about a country like Turkey that witnesses a lot of real estate growth that attracts attention to it is inevitably due to the acceleration in the construction of many real estate and investment projects, in addition to the presence of many advanced infrastructure projects competing for the most important countries in the world.
It has a great impact on the real estate field, leading to an increase in prices at a steady pace and for a long time as a natural result of the volume of demand for buying these properties on the one hand, on the other hand, for being modern.
Dimensions of real estate investment in Turkey:
The choice of most of the world's investors to buy real estate in Turkey was nothing but an overwhelming desire to take advantage of the many advantages offered by the Turkish government to those who buy real estate on its land, and through the following points you can view them in detail:
1 - Take advantage of the real estate residency, which is considered one of the strongest types of residencies in Turkey at all due to the ease of obtaining it and also the possibility of renewing it annually as long as the foreigner is the owner of the property and the same steps he took the first time.
2 - Obtaining Turkish citizenship if the property price is at least 400,000 US dollars, which brings the holder a lot of benefit and positivity.
3 - Real estate prices in Turkey are somewhat low compared to real estate prices that you will find in Europe, the countries of the American continent, or in many Arab countries.
4 - The possibility of buying real estate easily and within well-thought-out procedures approved by the Turkish government in order to attract the largest possible number of businessmen and capital to it because of the benefit of most aspects of life in Turkey, especially the Turkish economy.
5 - Obtaining a Turkish passport immediately after obtaining Turkish citizenship, which is considered a transit and travel card for many countries of the world, and evidence of its importance is that it is ranked 37th in the world among the most important passports in the world.
6- Among the many facilities provided by the Turkish government to those wishing to buy real estate in Turkey are tax cuts and the abolition of the principle of reciprocity, according to which any foreigner can buy an apartment in Turkey with the exception of only five nationalities, the restrictions still surround them, and do not forget that the foreigner who buys a property in Turkey for the first time is considered exempt from paying VAT.
7 - Turkey is considered one of the stable countries on the political level, and thus this gave it a status of safety, especially in light of all that many countries around the world are witnessing and suffering from, especially the Middle East countries.
8 - Turkey has a developed and booming economy that competes with the most important economies in the world at all, including European countries that suffer from poor planning and a large population pyramid that affected the sectors of work, production and development.
9- Turkey occupies an exceptional geographical position in the middle of three important continents: Europe, Asia and Africa. Do not forget that it extends over two continents at the same time, and this made it benefit from their characteristics together, which gave it a lot of strength and distinction, as it bears an eastern and western character at the same time.
10 - Turkey is surrounded by 4 seas at the same time: The Black Sea - the Sea of Marmara - the Mediterranean Sea - the Aegean Sea - and the Bosphorus Strait separates its two parts.
11- The real estate market in Turkey is witnessing a lot of diversity that meets different tastes, opinions and budgets, it is not possible not to find the right property for you in Turkey.
12 - Turkey did not specify for foreigners certain options of real estate, but rather opened the door wide for them to choose what suits them easily, and also ensured that they would not fall victim to fraud and deception thanks to its imposition of high control and follow-up of all processes that are updated and sales operations that are organized and acknowledge the need to extract a Real estate appraisal document that controls real estate prices and prevents any manipulation from occurring.
13- The Turkish government is keen to put forward, from time to time, some projects that enhance the strength of the infrastructure and support it to be competitive at the international level. Among the most important things it provided:
-Istanbul Third Airport (New Airport).
-New Istanbul Water Canal.
-Basaksehir Medical City (an important shift in the world of medicine and health in Turkey).
14 - The main reason that drives many foreign investors around the world to invest in real estate in Turkey is that it is characterized by being a high-class tourist, and this is an indication of the extent of the gains that can be obtained during the tourist seasons.
15 - The great cultural diversity that the Turkish state is witnessing, as it brings together different countries and different civilizations throughout the ages.
Real estate prices in Turkey:
According to all the advantages that we mentioned above, are real estate prices in Turkey considered high and suitable only for specific groups of society and cannot be suitable for owners of low budgets? Certainly not, because prices in Turkey are very moderate compared to others, and this is what we have explained, but what you do not know about this topic is that prices in Turkey will record a significant increase in the coming period for a number of reasons, most notably:
-Changing in the value of the Turkish lira against foreign currencies.
-High construction costs in Turkey because it is imported, not local.
-Great demand for buying real estate in Turkey.
-Turkey's large population census.
-Tourist seasons that are in high demand.
-Being a suitable environment for immigrants and those wishing to settle within a safe and developed environment.
-Many students chose to enroll in a public or private Turkish university, which made a great demand for student housing apartments.
-Many people choose to receive treatment in Turkey's hospitals and medical centers due to the medical renaissance that it is witnessing.
How to invest in real estate in Turkey?
There is a specific mechanism for real estate investment in Turkey through which a lot of profits and rewarding returns can be obtained, and through the following paragraph you can see the most important of those methods:
1 - Renting the property for a fixed return throughout the year. During the tourism seasons, you can get many times more, especially if the property is close to the tourist attractions or has certain characteristics that suit the tourist and provide him with a comfortable stay.
2 - Selling the property when its price has risen in order to take advantage of the price difference that will result between the buying and selling stages. In this regard, you should know that the smart investor is the one who buys when the price is low and sells when the price is high. Following and adhering to it, the most important of which are: choosing the appropriate time and anticipating the volume of demand and supply.
3 - Commercial real estate can be invested because it is possible to obtain abundant profit due to the density of the population in Turkey and its tourist nature.
4 - Buying a property in an area experiencing urban growth because this type of real estate always rises in price because it is modern - the demand for it is great - conforming to international standards.
5 - One of the common investment ideas in Turkey is real estate development, that is, the investor buys old or dilapidated properties that need maintenance and restoration work and other works to gain the status of modernity and sophistication, and later they can be rented for a good return or resold in order to obtain a high profit.
Tips for building a successful real estate investment in Turkey:
No matter how extensive your knowledge is about the real estate market in Turkey, this does not negate the necessity of having a consultant with you who provides you with all the advice that will help you achieve a lot of success and excellence:
-Choose a new property because the prices of new properties are constantly rising.
-Choose areas that are growing on the urban level.
-Do not forget that the location should be distinguished, because the more distinguished it is, the higher the price of the property, and consequently, the increase in profits and returns.
-You should use a real estate expert in Turkey or a real estate consultant in order not to fall victim to real estate fraud.
-Make sure to look for a distinctive view of your apartment, sea or green spaces.
-Beware of buying a large property because you will find it difficult to sell when you want to, while small properties are easy to sell and rent.
-Study your budget for the property you intend to buy so that you are not really surprised that what you have is not enough to cover all the required costs.
-You should see the legal status of the property, as there may be problems arising from it, and this leads to the loss of a lot of money, and it will not be easy to sell it.
The most important real estate investment cities in Turkey:
The main cities are the best option for real estate investment, but there are certain cities that are better than other cities, most notably Istanbul, the economic and cultural capital of the Turkish state. It is growing rapidly on the real estate level and contains many luxury residential complexes with modern urban characteristics.
In addition to Istanbul, which records the highest percentage of total sales that Turkey achieves annually, the political capital Ankara is on the top, followed by Antalya and then Izmir.
As for the reasons that made these states the best for real estate investment, they are witnessing a high population density, and the Turkish government takes special care of its infrastructure and works to improve and develop it in order to draw the attention of investors to it and achieve a high percentage of sales, and do not forget that these states contain many strategic projects that supports the infrastructure.
In order to have a suitable and elegant investment opportunity, make sure to follow the news of the real estate market firsthand so that you wait for the right time to buy and choose the right one for you and among the most important investment and real estate projects in the city.
If you have more inquiries and questions about the real estate market in Turkey, you can contact our real estate consultant to help you get the right property for your investment goal and thus to reach a large and high profit that suits your ambition.
Always visit our website and see the latest news on the real estate market in Turkey because we provide you with everything new.