Advantages of Real Estate Investment in turkey

Real estate investment in turkey has many advantages, making it the best choice for foreign investors, and those who wish to make such big and safe profit, thus was a result of long and constant improvement in the past couple of decades, resulting as real estate investment has become one of the main pillars or Turkish economy.

Foreign investors had shown a great attention to buying property in Turkey whether residential or commercial, especially after the fluctuation of the exchange rate of the Turkish lira against the dollar.

Despite the closure decisions and the suspension of flights as a result of the precautionary measures, due to the Corona pandemic, real estate prices in Turkey did not get infected, but rather continued the steadily rising trend. Remote real estate ownership has become one of the options strongly offered to buy real estate and obtain Turkish citizenship, without the need to travel.

Therefore, the experience of investing in real estate in Turkey has become a safe haven for many foreign investors, due to its many advantages that we will highlight in this article from Brand Property.

Advantages of real estate investment in Turkey

1.   Permanent Real Estate Residence in Turkey

By owning an apartment in Turkey for the purpose of housing, you can obtain a real estate residence permit that enables you to enter and leave the country without the need to obtain a new visa.

In addition to receiving many free benefits from education and health, the real estate residency is renewed annually as long as the property is still registered to your name.

2.   Obtaining Turkish Citizenship

The procedures for obtaining Turkish citizenship are completed with the purchase of an apartment or property, especially in light of the facilities and regulations recently enacted by the government to guarantee the rights of the foreign buyer.

Your purchase of real estate equivalent to 250.000 dollars, with a commitment not to sell it within 3 years, qualifies you to obtain Turkish citizenship and thus receive a strong Turkish passport, after the value set before the amendment of the old naturalization law was one million dollars.

3.   Real Estate Investment Profits

A thoughtful investment in real estate will bring you an abundant return on investment, by leasing in a European country where millions of tourists’ flock annually from all sides, in addition to the possibility of resale at a high price after 3 years.

4.   Unique Strategic Location

One of the important gains from entering the Turkish real estate market is your investment in a country with a strategic geographical location, between Europe, the Middle East and Asia, which created an atmosphere of competition for real estate ownership in Turkey on the part of Europeans, Russians, Arabs, Iranians and the peoples of Southeast Asia as well.

In addition, Turkey’s wonderful natural features, stunning sea views and delightful tourist attractions, as well as a long-standing civilization and history that adorns its cities and neighborhoods.

5.   Solid Infrastructure

You will buy a property in a country whose government invests huge amounts of money in its infrastructure, through the establishment of major projects, which will reflect positively on the real estate market, as the opportunities in it are promising.

A good example of this is Istanbul's new airport, which is expected to become a global aviation center by 2028, upon completion of all four stages of its construction.

In addition to the new Istanbul Canal project, which promises to build integrated residential cities on both sides, which will raise the value of the surrounding areas along the canal, such as Basin Express, Avcilar, and Kucukcekmece.

6.   Safe Investment and Guarantee by Turkish Government

There are some housing projects that are under the supervision of the government, starting with the follow-up of construction and construction operations, and ending with the delivery of the title deed under the supervision of the municipalities in a regular manner that prevents any defect.

This, of course, ensures that you complete the acquisition procedures without any manipulation and at appropriate prices, which gives you a sense of confidence and security and ensures the success of the investment process in the real estate market even if the property you are buying is still under construction or a property off the map.

7.   Various Investment Options

Turkish cities have many advantages, but Istanbul, with its European and Asian parts, remains at the forefront of Turkish cities that are accepted by investors, in order to own within its high-end neighborhoods for housing or renting and making profits.

Investors are also turning to some other cities such as: Ankara, Antalya, Bursa, Gaziantep, Izmir, Trabzon, for the many options in them at competitive prices, which constitutes growing opportunities from the east of Turkey to the west, and from the north to the south.

8.   Facilities for Foreign Investors

The Turkish government offers a number of facilities, exemptions and opportunities for foreign investors in the real estate sector; Perhaps the most important of these facilities is the real estate residence for the owners of housing units.

In addition to the opportunity to obtain Turkish citizenship in return for owning a property or several properties worth more than 250 thousand US dollars, not to mention the recent decisions related to reducing the tax on real estate or even completely tax exemptions for some types of taxes.

In addition to the ease of establishing a company in Turkey and launching your business within days, owning real estate in Turkey is also faster and easier, and the title deed and title transfer procedures may be completed within just one day.

9.   Competitive Prices

With the multiplicity of housing projects in the Turkish real estate market, the field has become wide for those wishing to invest in real estate in Turkey, in light of the competition between real estate owners to attract buyers and attract more capital and national and foreign investments.

You will find payment facilities to increase sales, such as buying real estate in Turkey using long installments, or providing rental guarantees for several years, and guaranteeing resale after several years with high profits, which gives investors the opportunity to choose among many alternatives at competitive prices.

All of these above-mentioned advantages make real estate investment in Turkey a safe investment project, and most importantly, it is in a European country close to Arab customs, traditions and culture.

Finally, if you want to invest in real estate in Turkey and enjoy all these advantages, contact us at Brand Property to help you compare the best options that fit your requirements exactly.

Our legal team will also be happy to provide integrated consultancy services for free, until you obtain real estate residence or Turkish citizenship for you and your family members.

You can benefit from after-sales services in furnishing, decoration, building modifications, and even property management and tenant follow-up for your real estate investments in Turkey. Do not hesitate to contact us now.

Edited by: Brand Property^©

Sources: The Turkish Presidential Investment Office