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Turkey's open real estate market

Learn about Turkey's open real estate market

Last Updated: 2023-07-27
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Learn about Turkey's open real estate market

Real estate markets around the world are different and varied, each with its own characteristics and advantages, and each has its own goals. What about the real estate market in Turkey? 

In this article, Mersat Real Estate Company discusses the advantages and details of the Turkish real estate market, which is of interest to all investors in Turkey. 
 

Advantages of the Turkish real estate market


1- The Turkish government stands by the investors: The Turkish government facilitated the presence of foreign real estate investment on its land and did not create obstacles in their ways. On the contrary, it simplified them and removed what hinders their work. One of the most important things it provided to them was that it reduced the value of real estate taxes after they were high in a way that did not suit them. There are also many cases that are exempt from taxes, especially those who invest in industrial areas. Among other things, it has eased the procedures required for buying a property, as today it is possible to buy a property within a few days, not exceeding a week.

2- Existence of many development projects: Turkey is one of the countries that pay special attention to its infrastructure. Perhaps this is one of the first reasons that attracted the investor’s eye to Turkey, because what Turkey offers is clear and tangible on the ground, and the evidence for this is that it launched two pivotal projects in the midst of the Corona crisis, namely Istanbul Airport and Basaksehir Medical City. And this year, It launched the Asr project, which is the Istanbul Water Canal project, which is expected to make a big noise in the real estate world, and the story is still going on, as it is an integrated limitless chain.

3- The strong relationship between real estate and Turkish citizenship: Also this point of detail that made the investor in an overwhelming desire to buy real estate in Turkey. He is now able to obtain citizenship if his property meets the required specifications, the most important of which is that its price is not less than two hundred and fifty thousand US dollars, and it must not be sold before three years from the date of its ownership. Of course, this property can be used for more than one purpose, as it can be taken as a dwelling, and this has its advantages, and it can be taken as a tool to enter the real estate investment domain and thus obtain high returns.

4- Its touristic character: There is also a link between the tourism sector and the success of real estate investment. Turkey includes many important tourist places, some of which are historical, some are archaeological, and some are natural. The tourist goes to Turkey and is confident that he will find what he wants. These tourists need a place to stay during their stay in Turkey, so the investor is always advised to choose the investment that wants to obtain high profits by entering the tourism sector, but he should then choose a well-thought-out location for his property. 

5- The geographical area occupied by Turkey: It is important to know that the geographical location has an important role to play in the success of real estate investment or other types of investment, as Turkey's proximity to the Arab world in general encouraged Arab investors to turn to it, and there are no arbitrary conditions for travel to Turkey. These two things allowed the investor to link his business in Turkey with others that exist in other countries, thus Turkey has presented him with a golden opportunity, which is to obtain more than one income. 

For investors wishing to invest in Turkey, you can contact Mersat Real Estate Company to obtain the services of our professional team in the Turkish investment and real estate market to ensure successful and profitable investments.
 
 
Edited by Mersat Real Estate Team ©
Last Updated::2023-07-27

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