How to succeed in real estate investment in Istanbul
Last Updated: 2023-07-27
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Real estate investment in Istanbul
The idea of real estate investment in Turkey is the talk of concern among many investors in the world, and everyone who wants to invest their money goes directly to Turkey as one of the options, and if you are in Istanbul, the issue must have another character, but the question that occupies the mind is what are the things or the factors that make real estate investment in Istanbul successful and distinguished?
Today we chose to go into the most important factors that make real estate investment in Istanbul successful.
What are the most important factors that have contributed to the success of real estate investment in Istanbul:
1- The charming nature in Turkey:
First of all, we can say that its advanced infrastructure built according to international foundations is what encourages real estate investment and makes it a demand by everyone around the world, and its possession of the distinctive moderate climate for most provinces that makes investment in it attractive. One of the most important natural reasons for the success of investment is its location between two continents; Asia and Europe, which gives it many advantages, and finally, stability in the economy is what makes projects on Turkish lands succeed because it does not go in ups and downs which makes the investor in a state of fear and anticipation.
2- government intervention:
The first factor imposed by the Turkish government on investors in Turkey is that it has limited the area that the investor can own and is absolutely not allowed to exceed, which is only about thirty hectares.
The Turkish government has also abolished the law; its constitution provides for reciprocity, as Turkey has no relationship with other countries, as its laws are for Turkey alone as they do not link to the laws of countries that oppose it with the law, and the procedures for obtaining real estate have been simplified within laws that have no restrictions that make it incapacitating.
3- Possibility to withdraw financial loans from banks:
Turkish banks provide you with financial loans if you want to borrow a certain amount from them and make the interest on this loan very low and reasonable, and those banks have dismissed paying the tax on the amount that has been paid, in addition to giving the borrower of the money a good period of time before they demand to repay the borrowed money, and in addition to all of this, the opportunities for real estate investment in Turkey are rising continuously without stopping, as every minute of time passes, you will win more money with it.
4- The great development in infrastructure in Istanbul real estate:
This is a clear element that is present in Turkey, especially with its high and advanced technologies, whether in communications or in transportation, and one of the most important developments in its infrastructure in the field of transportation, such as rail transport from Turkey to Europe, and for maritime transport in it, in addition to its sophistication, it is cheap and inexpensive. Also, when exporting goods or materials from Turkey to another country, the means of transportation will be simple and moderate.
5- Continuous renewal of laws related to real estate investment:
Investing in the Turkish state is considered one of the easiest types of investments in the world at all, as the Turkish government is the first contributor to these facilities provided, for example, it reduced the barriers that hinder the way for foreign investors and reduced costs, and Turkey is a suitable environment and fertile land for business. It is within six days that you can establish a company and establish a business. In addition to the fact that Turkey is one of the really competitive environments in the field of investment , culture inTurkey is very developed and wide as well, and we must mention that investment in Turkey in general is based on the principle of equality between investors staying on its land, so there is no difference between one nationality and another, the gifts offered to them are the same, and the restrictions imposed on them are the same.
6- Advanced transportation from Istanbul and the European continent:
We can consider that the Turkish state is the thread that connects the old continent with the Middle East. Through it, energy sources are transferred to other continents. Turkey in general borders nearly seventy percent of the world's energy reserves and here lies its importance for Europe. Turkey is the most important neighbor of the European continent.
7- Active movement everywhere in Istanbul:
What proves that the Turkish sector is definitely a successful project is, for example, if the investor wants to invest in the field of airports, s/he will meet annually approximately one hundred and seventy million passengers through these airports and all this will be in the interest of the investor in the first place. Every year about 50 million visitors visit Turkish land and this is one of the factors that raise improvement in the economic level in the country, and that every year that passes there is a clear increase in subscribers to the cellular communications network; until today it has reached nearly 72 million subscribers in addition to 40 million subscribers to the broadband Internet.
At the end of our tour through the most important pillars that contribute to the success of the real estate investment project in Turkey, it becomes clear to us that this project depends on many things that make it succeed. If you are an investor in Turkish land, you must make sure that you will not lose your money in a hopeless ambiguous gamble. All things are crystal clear, therefore, you do not hesitate to do what you are determined to do.
Editing by Mersat Real Estate Team©
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