Adv and motiv of real estate invest in Turkey
Last Updated: 2023-10-14Advantages and incentives of real estate investment in Turkey
The Turkish real estate sector has witnessed a great and remarkable development during the past two decades, until it became one of the most important pillars of the Turkish economy, and the real estate law issued in 2012, under which the principle of reciprocity was abolished, constituted a turning point in the Turkish real estate sector, which prompted an increase in the demand for investment in this field, so that Turkish real estate becomes more demanded than Arab nationalities, according to a study prepared by Mersat Real Estate Company recently because of the advantages provided by the government to investors.
You will read in this article
Real estate investment is an ideal guarantee:
Due to the economic, political and economic crises witnessed by the Middle East in general, many investors and capital owners have been exposed to economic crises, and perhaps the cases of inflation that hit currencies led them to lose local currencies purchasing power, which prompted investors to convert their money into foreign currencies.
The most important advantages of real estate investment in Turkey include:
- Low rates of real estate taxes compared to other countries.
- Safe and stable real estate growth.
- Great flexibility in the laws in Turkey.
- A huge and increasing demand for apartments, villas, and real estate in general.
- The possibility of obtaining citizenship by real estate ownership.
- Supporting laws in Turkey for real estate investment.
- Favorable temperate Mediterranean climate.
Government support for the real estate sector
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Providing a fertile investment environment:
The Turkish government is keen to prepare the fertile investment ground, Istanbul Canal, Istanbul Airport project, metro networks and lines, intuitive transportation, public squares, botanical gardens, hospitals and many more.
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Providing the appropriate investment climate by the Turkish government:
Through the laws and legislations approved by the Turkish government, such as the law abolishing the principle of reciprocity in 2012, which was considered a turning point in the Turkish real estate sector .
At the beginning of 2017, the government approved a law that allows those who own one or several properties worth $ 1,000,000 to apply for Turkish citizenship, then the text of the law was amended in the third quarter of 2018, in which it was approved to reduce the value of the property to $ 250.000 and on 13.06.2022, an amendment was issued to the law on obtaining Turkish citizenship through real estate investment in Turkey and stipulated raising the value of buying real estate to obtain Turkish citizenship to $ 400.000
Real estate in Turkey is low in taxes compared to the countries of the world:
Real estate in Türkiye is considered low in taxes compared to some other countries in the world. For example, the annual real estate tax value in Turkey usually ranges between 1 to 2 per thousand of the value of the property. This means that real estate owners in Turkey pay an annual tax proportional to the value of the property, and this rate is low compared to many other countries. This real estate tax is usually used to finance public services and infrastructure in real estate areas, which contributes to providing good services to local communities. This tax approach makes Turkey an attractive destination for real estate investors from around the world, as individuals and companies can benefit from this low tax regime when buying and investing in real estate in the country.
Strategic Location:
Turkey's strategic location is one of the most important factors that make it an attractive destination for real estate investment. Turkey is located at a vital crossroads between Europe and the Middle East, which means that it occupies a very important position on the global geographical map.
Many of the major roads and corridors linking Europe to the Middle East and Central Asia cross Turkey. These include highways, railways, and Mediterranean and Aegean ports. This location greatly facilitates trade and transportation operations between these regions.
Given this strategic location, Türkiye has become an ideal place for real estate investment in Turkey. Europeans, Arabs and investors from all over the world are competing to buy real estate in Turkey, whether for investment or for living. This feverish race for real estate reflects great confidence in the Turkish economy.
Good investment returns:
- Rental returns of up to 7% on an annual basis: This percentage indicates the annual return that investors can obtain from renting their properties. This ratio can be affected by the location and type of property, as larger cities and tourist locations can usually offer higher returns.
- Investment returns ranging between 35-75%: This percentage indicates the potential returns from investing in real estate in the long term. This percentage can be affected by several factors such as the nature of the property (such as residential apartments or commercial properties), its location, and developments in the real estate market.
- Turkey's real estate market context: Turkey's investment success is partly due to steady economic growth and increased tourism. Turkey is considered one of the major tourist destinations in the world, which means a strong demand for real estate in tourist areas.
Real Estate Investment Map:
The most attractive Turkish cities for real estate investment
- Istanbul:
The largest real estate investment attraction center in Turkey, where the properties sold in it constitute Turkish real estate sales.It is characterized by a high return on investment and greater investment competition at the European and global levels.It annually witnesses an increase in the human flow on it, which drives an increase in demand for real estate in it.According to reports issued by official agencies, the return on real estate investment has recently risen by 7-12% in Istanbul, and real estate pricesProperty rental prices have increased by more than 100% over the last decade .
- Ankara:
The second largest Turkish city after Istanbul, and it is the political capital of Turkey and is the second most attractive city for investors, its real estate is characterized by modernity and development.
Real estate investment options in Turkey:
It is possible for you, as an investor of real estate in Turkey, to buy an old property for sale that needs restoration and some repairs and work on this matter and then sell it later at a good price more than the price at which you bought it, so you have invested your money as it should, and you can also buy apartments in Turkey that are offered for sale in Turkey, but provided that they are not finished, for example, the cladding is left, or the property in Turkey may still be after On the basic pillars of the property, you, as an investor, terminate and sell later at exorbitant prices, similar to the cheap prices that you owned with it, so in this case you filled your money and doubled it as you want, and in general, most investors prefer to finish the recent Turkey real estate business themselves and then offer it along with the properties offered for sale, perhaps this matter generates more money for them than if they got it fully equipped, and the last thing we will mention is normal, of course, and all investors Real estate in all countries in the world they do even if they work in a simple way, it is an open and old matter as well, the investor buys apartments in Turkey for sale and rents them, so you come to him with a sum of money at the end of each month.
The most important features of real estate investment in Turkey:
First, whoever invests in the fields of real estate in Turkey is definitely a winner because he will find a scientifically and technically qualified workforce to work for the investor and through them his project will succeed and flourish, as they were a way to make the work successful
The infrastructure is also technically developed that helps to transmit energy and communications, and railway lines also connect Turkey with the East and Europe, thanks to this quality of construction equipment, Turkey has been linked to the countries of the whole world.
You can obtain Turkish citizenship by investment without the requirement of personal attendance, and under this nationality you can travel to most countries of the world without a visa, this is a feature that gives you ease of moving around the world, and automatically when you get Turkish citizenship, you will get with it the Turkish passport, which is one of the best passports around the world and takes a very advanced rank.
You can also retain your original nationality without the Turkish government forcing you to abandon it as happens with the rest of the countries, and obtaining Turkish citizenship means that you will get with it free education provided by the government with them, and their education is of a somewhat good level if we compare it to other countries
The role of the Turkish government in the success of real estate investment
The first factor imposed by the Turkish government on investors in Turkey is that it has determined the area that the investor can own from the real estate offered for sale in Turkey and it is absolutely not allowed to exceed it, which is only about thirty hectares.
The Turkish government also canceled the law, whose constitution provides for reciprocity, as Turkey has nothing to do with other countries, as its laws belong to it alone and do not link it to the laws of countries that violate it by law, and the procedures for obtaining real estate in Turkey have been simplified within laws that have no restrictions that make it simple and not impossible.
Real estate investment in Turkey is not limited to one or two features only, as it is full of hidden subtleties in its folds, which bring it many benefits.
Great diversity in the real estate market in Turkey:
Among the most prominent privileges that encourage real estate investment in Turkey without other countries of the world, it is witnessing a great and distinctive real estate diversity, whether in terms of residential or commercial real estate.Apartments of residential complexes are the most suitable option for those who wish to enter the field of real estate investment, and according to some studies conducted in this regard, it was found that this type of apartments is the most demanded at all, because its residents can obtain advantages and a life entitled luxury and comfort, not to mention the views Did you know that Turkey contains the most important types of luxury real estate and apartments that can be invested through an abundant and high profit, such as penthouses apartments – triplex apartments – duplex apartments – villas.As for commercial real estate, they also have many branches, the most important of which are offices – stores – shops – malls – restaurants – cafes and other varieties and options. All data indicate that Turkey is one of the most suitable places around the world for real estate investment and has ranked fourth in the world, especially in light of the many facilities provided by the Turkish government on the one hand, and also thanks to the reviving Turkish economy, political stability, and others.
What indicates more the importance of investing in Turkey is the increase in the volume of real estate sales in large ways, if you look at the annual and monthly statistics issued by the Turkish Department of Statistics, you will notice that the numbers are increasing continuously.
In your opinion, is the high demand for real estate investment in Turkey intended to obtain abundant profits and returns? Certainly, this is a major reason, but there is another motive, which is the desire to obtain Turkish citizenship, as it was found according to statistics that more than 40% of those who came to invest in Istanbul during the year 2021 AD were aiming to obtain citizenship
Real estate investment has many privileges in Turkey, the least of which is obtaining real estate residence or enjoying the advantages of tax exemption, the highest of which is obtaining Turkish citizenship and enjoying all the rights of Turkish citizenship, and to reach a safe and financially feasible investment, this is achieved by communicating with the consultants of Mersat Real Estate Company through our website mersat.net
Edit By Mersat Real Estate Team ©
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Real Estate Investment | Real Estate Investment in Turkey | Real Estate Investment in Istanbul | Investment | Investing in Turkey | Advantages of real estate investment
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