The subtleties of real estate investment in Turkey
Last Updated: 2023-07-27Real estate investment in Turkey
Real estate investment, anywhere in the world, is a successful and superior project compared to other projects. From the human point of view, it helps to secure people's need for homes in easy and simple ways without suffering. From the financial point of view, it brings good benefit to its owners. If we talk about the economic aspect that is accustomed to the country, we find that it raises it by a high rate; when the economic situation improves, the situation of the people will automatically improve and they will rise to a degree in which they compete with neighboring countries that compete with them. Real estate in Turkey in general is a global pioneer in the field of investment; it is not less than others at all neither in terms of quality nor in terms of workers on this project. It has a large number of trainees, trainers, and veteran experiences that cannot be underestimated. In addition to its strategic geographic location, the fact that Turkey is Asian and European at the same time, which also gives it advantages over others, as it took European beauty and Asian nobility.
Many of the world's wealthy merchants who own capital prefer to invest in Turkish lands for many reasons, including that Turkey allows them to reside on its lands for the end of their lives if they want, of course, and the residency is automatically renewed if this person owns a property in his name in Turkey; as it is clear to us that their right is guaranteed without being under the threat that they have to leave at any moment, on the one hand, and on the other hand, the missing factor in some countries is the noble and high morals possessed by the native people that make them welcome their guests as if they are landowners, of course, which is due to their influence by Islam.
The most important unspoken reasons that make real estate investors invest their money in Turkey
Almost the most important factor is the paradigm shift in the Turkish economy, as Turkey ranks 13th among the strongest global economies, and it was a major reason for attracting real estate investors to its land. We must not forget that Turkey is characterized by its many natural and magnificent terrain that fascinates the eyes, as the land is the basis for any real estate investment project and as long as it is available, there are no obstacles blocking the road. Its mild weather is neither frosty nor hot, nor is it hot to the point of inconvenience. It is between the two sides preferred by the vast majority of people in addition to many other things that we will not be able to talk about all of them from museums, castles, seas, straits and other things that attract the investor and the inhabitant. We must refer to the expectations that say that Turkey will witness an increase in economic development in the coming years, which will make it at the forefront of the world in competition, as we see it running quickly and suddenly. Finally, the element that is at the top of the list is stability. Turkey is firstly politically stable and has no enmity with any of the other countries. On the contrary, it is a friend of most countries, and therefore wars will not rage on its soil, meaning that the money of real estate investors is safe and far from risks. It is also socially stable, as its people are comfortable financially, all of them take their rights and live happily. Of course, there must be a category that is in a bad condition as there is no place in the world that is completely perfect. There must be some complications, but we can say that they are comfortable on all levels.
Real estate investment in Turkey has many options:
It is possible for you as an investor of Turkish real estate to buy an old property that needs restoration and some repairs and work on this matter and then sell it later for a good price better than what you bought it with, so you will be investing your money properly. You can also buy apartments that are offered for sale in Turkey, but on the condition that they are not finished construction, for example, the remaining cladding or the property may still be on the main pillars of the property, so you as an investor will finish and sell later at exorbitant prices in this case you have invested your money and doubled it as well. And generally speaking, most investors prefer to finish the recent real estate business on their own and then offer it for sale, as this matter may generate more money for them than if they got it fully equipped. The last thing we will mention is normal, of course, and all investors in all countries in the world do, even if they work in a simple way. It is an open and old matter also; the investor buys apartments in Turkey that are for sale and rent them, so they bring him with an amount of money at the end of each month.
But there are things that you should pay attention to as a foreigner. When buying apartments in Turkey that are offered for sale, you must take your caution when signing the purchase contract, that it be within a special legal department for this matter: every contract signed outside it is considered null and void as if it was not executed. In addition to that, as a foreigner, you cannot own real estate in the security areas, because they may consider you a danger to them. These are the most important things that you should pay attention to.
No matter how clear the decision might be, there are hidden things that do not appear to anyone and every country has secrets that we do not know anything about, but we have given you a few of them to enrich your knowledge in the event that you are investors, but they are simple secrets that we will not be harmed if we do not know them. We find in the end that the Turkish government was with the Arab investor and it made it easier for him to own and buy a property on its land and gave him a wide area to create the project he wanted, without any interference.
Edited by Mersat Real Estate Team ©
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