How do Iranians issue a list of Turkey's real estate sales?
Last Updated: 2023-07-27How do Iranians issue a list of Turkey's real estate sales?
Many investors around the world choose Turkey in order to be a place to achieve their real estate investment goal, and they chose Turkey specifically because it has many ingredients that motivated investors to take such a step. The most prominent of these components is the Turkish economy, as it is rapidly developing and stable; The Turkish domestic product has more than tripled since 2002, and Turkey is ranked thirteenth among the largest economies in the world, and is seeking to enter the club of the big ten. As a result, Iranian investors were at the top of the list of real estate sales in Turkey. The following article will reveal to us the most important details of this topic. .
How was the state of real estate sales in Turkey at the beginning of this year?
According to many studies, it was found that Iranian investors were at the top of the list of foreigners who were buying real estate in Turkey, and this was only in February of this year in 2021. Among all Turkish cities, Istanbul was the city with the most sales among other cities, where the number reached about one thousand five hundred and twenty-five properties. While the second place was for the city of Antalya, which registered five hundred and thirty-three properties. As for Ankara, its share was about two hundred and eleven properties, followed by Mersin with about one hundred and forty properties.
What is the share of Iranian investors in real estate sales in Turkey?
As we mentioned above, the Iranians had their share of buying the largest real estate, as they bought about four hundred and seventy-seven properties, which is the largest number among all the numbers of other investors. After the Iranians, we had the Iraqis, then the investors of Russia and later Afghanistan and Kazakhstan.
What are the factors that Iranian investors found in Turkey that made them buy a lot of its real estate?
1- Distinguished and unique location: The Turkish state occupies a strategic location in the middle of the continents of the ancient world, and this is what makes it a global trade route, as it oversees the Bosphorus Strait, through which 3% of global supplies pass. This issue was a strong motivator for them to take their steps towards real estate in Turkey because such a location will bring excellent results and the property in it will certainly be successful, especially with the presence of a part of it in the European continent.
2- The fact that Turkey has the tourist feature: Turkey has a cultural and historical heritage that extends for thousands of years and includes historical landmarks dating back to many civilizations in various states. Thus, Turkey rose to the fourth place in Europe and sixth in the world in terms of receiving tourists. In 2019, it received about fifty-two million tourists, achieving revenues of thirty-four billion and a half billion American dollars. This tourism factor is a guarantee that the real estate investment project in this country will be different and successful in a distinctive way and suit the tourism throughout the year without interruption, and therefore the property will not be devoid of tenants.
3- The many facilities obtained by Iranian investors: This is also one of the good factors that has been able to attract Iranian investors to it strongly. The Turkish government has never failed and spared no effort in providing them with everything that helps them to own real estate. For example, it reduced their taxes, which were difficult and harsh for them, and made them simple and reduced. It also specified for them the specific space that they could own, and did not make the issue up to them, which made them feel fair. It also facilitated the procedures that they should take in order to own real estate, so it is no longer difficult to achieve.
4- Real estate diversification: The Turkish state is distinguished by the presence of a variety of real estate in it, so you can find your goal, whether it is commercial, residential, touristic or otherwise. Perhaps this diversity was one of the first reasons why Iranian investors preferred it for their desired investment. This diversity is of great importance, which is to find the permanent customer and the abundant profit that will not stop.
5- There are always new projects: In the real estate investment sector, Turkey does not depend on the old properties it owns, as it always establishes and plans new real estate investment projects, in order to maintain the stability of its real estate prices; Because if you do not take the step of new projects, this means that the demand will increase and the supply will decrease, and therefore prices will rise and investors will refrain from buying real estate in Turkey. But when you establish new projects, this means that the volume of demand will be proportional to the volume of supply, so real estate prices will not rise and investors will not find it difficult to buy these properties.
6- The great cultural heritage: Many people, when they want to buy a property in a strange country, choose the most civilized and the most cultured, and Turkey does not lack both elements. It is distinguished by them and this is due to its long life, as it witnessed many different time periods, which made it possess a huge dictionary of culture, civilization and sophistication, and in turn, it bequeathed this richness of knowledge that it possesses to those who live on its land through its curricula, libraries, educational institutions, museums, and other many things.
Iranian investors were at the top of the list of investors who bought real estate in Turkey in a large number as well, and this, as we have seen, is due to many reasons and great details that had the greatest impact in attracting Iranian and other investors.
Edited by Mersat Real Estate ©
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