House Sales in Turkey are Witnessing a Significant Increase
Last Updated: 2023-07-27
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House Sales in Turkey are Witnessing a Significant Increase
Recently, the demand for buying real estate in Turkey has increased significantly, and in particular, apartments have begun to record a rise in demand for several reasons and many advantages that the buyer can get through this step.
Through the following article, the editorial team at Mersa Real Estate will inform you about the most important details related to this topic.
The reasons that led to the increase in real estate sales in Turkey:
Do you have a clear idea of the reasons behind the continuous increase in real estate sales in Turkey? If you are interested in real estate markets around the world, you will realize that there is a noticeable increase over time.
Through the following article, the editorial team at Mersa Real Estate will inform you about the most important details related to this topic.
The reasons that led to the increase in real estate sales in Turkey:
Do you have a clear idea of the reasons behind the continuous increase in real estate sales in Turkey? If you are interested in real estate markets around the world, you will realize that there is a noticeable increase over time.
1 - Continuation of the Turkish Citizenship Grant Program:
The Turkish government did not hesitate to provide all the facilities that make the investor choose to buy real estate in Turkey specifically and not in other countries of the world, the first of which is to provide the possibility to get Turkish citizenship, which is one of the most important and strongest nationalities in the world.
How to get Turkish citizenship by buying a property in Turkey?
First, the value of the property must not be less than 400,000 US dollars, and then a commitment not to sell it before the lapse of at least three years. Of course, there are other conditions that must be met, which are as follows:
-The property must be unused prior to getting citizenship.
-The property should be purchased from a foreign national in particular.
-One of the many facilities provided by the Turkish government to those wishing to get Turkish citizenship is that it did not specify a certain type of property and the buyer can choose whatever he wants.
2-Entering the real estate investment world:
Real estate in Turkey is considered a golden opportunity to enter the world of real estate investment and get an abundant profit, due to the availability of all the elements that confirm this, most notably:
-The high population density witnessed by the Turkish state, which automatically led to an increase in the demand for real estate in Turkey.
- The Turkish economy, which had a great impact on all sectors of the Turkish state, especially the real estate sector.
- Political stability in light of the many collapses and crises in the Turkish state.
-Infrastructure development
3- Ease of real estate ownership procedures:
If you are interested in the real estate market in Turkey or in other real estate markets around the world, you will realize the difference between them, as the Turkish government offers many facilities for those wishing to buy real estate in Turkey, most notably:
- Ease of ownership procedures as it only takes a few days.
-Real estate appraisal document that protects the investor from being a victim of fraud.
-Monitoring and tracking the real estate market and supervising a large section of the projects that are being built.
- The many experienced real estate companies that are familiar with the details of real estate market in Turkey, which help you make the right choice and provide you with the most appropriate offers.
4 - Applying for a real estate residency:
Among the many advantages that encouraged foreigners to buy real estate in Turkey is the possibility of getting a real estate residency, which is considered among the most important types of residencies in Turkey due to the many advantages that can be obtained through it, as it provides its holder with a set of privileges.
What are the conditions for getting real estate residence in Turkey?
-The value of the property must be at least 75,000 $.
-The property must be intended for housing.
- It should not be located within a security or military zone.
- The buyer must make sure that he does not hold one of the nationalities prohibited from owning in Turkey.
5- Great real estate diversification:
When we talk about real estate in Turkey, we refer to many types and multiple options that suit everyone and all tastes and budgets, and among the most prominent of those options (residential complexes), which are the ideal choice for housing for many people and also for those looking for a successful and profitable real estate investment.
Certainly, we have villas, which are the second choice after apartments as the most sought-after real estate type because of their high investment importance and the abundant profits that you can get through them.
What impact will the increase in home sales have in Turkey?
The impact that the increase in real estate sales will have on the reality of the real estate market in Turkey cannot be overlooked, and we will talk in details through the following paragraph:
In light of the high demand for real estate purchases in Turkey, real estate prices are expected to rise significantly during the coming period due to the lack of proportionality between supply and demand for real estate.
Many real estate investors around the world consider it a golden opportunity that must be seized in order to develop capital. This is the opportunity to buy a property at a low price and sell when it rises to take advantage of the price difference that will result between the buying and selling stages.
Other reasons for a foreigner to buy a property in Turkey:
- The geographical location of Turkey, which is in the middle of the world, and its proximity to the Arab world in particular.
-The booming Turkish economy, which is growing at a steady pace, and is a natural result of the strategic plans developed by the Turkish government.
-Sophisticated and advanced infrastructure that competes with the most important countries in the world.
-Turkey is one of the most important industrialized countries in the world.
In light of the huge growth witnessed by the Turkish state, the Turkish real estate market is expected to witness more movement and activity during the coming periods, with the desire of buyers to get great profits and unlimited success.
You can communicate with the experts of Mersat Real Estate Company to inform you of the most important offers and options available for you to adopt a distinguished real estate investment.
Edited by Mersat Real Estate Team ©
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