|Tuesday, January 4, 2022
Turkey is a destination for major real estate investors around the world, and there are many investment options.
Get to know with us about real estate investment in Turkey
Turkey is a destination for major real estate investors around the world , and there are many investment options between apartments , hotels , lands , ready and under construction real estate , and houses and villas .
The government provides its strong support to this sector through many decisions to attract investors, the most important of which is the law granting Turkish citizenship to foreign investors through real estate ownership under special conditions.
And real estate companies undertake to facilitate investment operations and purchase and marketing of various real estate, and the prices of Turkish real estate are very attractive, because of their cheapness in relation to real estate in other countries.
What is real estate investing?
The definition of real estate investment refers to the purchase of real estate as an investment to generate income rather than using it as a primary residence or place of business.
What are the conditions for real estate investment in Turkey?
The conditions for real estate investment in Turkey are summarized in the following points:
- There are no harsh conditions for investors, only that Turkey does not allow investment in areas close to security and military places, where the investor needs security approval before buying any property to ensure that it does not violate the condition of staying away from military areas.
- There was a law in Turkey that did not allow investment and ownership except for citizens of countries in which Turks can also own and invest, and this was known as the “principle of reciprocity”, but Turkey abolished this law 6 years ago, and this provided investment opportunities for many foreigners. It was a quantum leap in this field.
- The Turkish government has also canceled the value-added tax on foreign investors and expatriate Turks, provided that they pay the value of the property in foreign currency (US dollars or euros) through Turkish banks, and this saves the investor from paying a tax whose value often amounts to 18% of the property value.
- It is also mentioned that all the conditions that apply to the foreign investor are similar to those that the Turkish investor is subject to, and there are no conditions for foreign investors, except for the translation of official documents or the escort of a translator for the Turkish language, which are symbolic and negligible costs.
What are the real estate investment opportunities in Turkey?
- Investment in residential real estate
It is to invest in real estate used for residential purposes only, but the following must be taken into account
- You must choose a location close to the archaeological or tourist attractions
- Or in the middle of shopping centers
- or near transportation lines
- The apartment can also be furnished with good furniture, bring all the household necessities, and rent it furnished, and its monthly return will be much greater.
- Vital areas can also be exploited, such as buying apartments in Istanbul near universities, and this ensures the presence of foreign students who are renting the apartment and benefit from the permanence of rent and the high demand
- Advertising marketing also plays an important role in obtaining better options.
Investing in apartments under construction
It is possible to buy an apartment under construction in an area that witnesses modern infrastructure, such as building metro stations or universities, in this case you can get the property at a lower price than its price when it is ready.
- You can buy in installments, and with convenient payments for you.
- The selling price of the apartment after it is ready is 30-40% more than the price under construction, at least.
- You can get attractive real estate purchase offers, such as buying the first apartments in Turkey within modern projects, where the first sales are usually lower in price.
- Or get a low price if you pay a high down payment, or other encouragements provided by construction companies in Turkey.
Investment in commercial real estate
It is investing in types of property that are not intended for housing, such as commercial offices and shops.
Where it is possible to invest in buying offices and shops, and renting them or opening special projects in them, it is mentioned that tourist offices and Arab restaurants are among the leading projects in Turkey, from which investors reap a lot of profits.
Why is investing in real estate considered one of the best types of investment in Turkey?
- The possibility of obtaining Turkish citizenship by purchasing a property worth only 250 thousand dollars.
- Because real estate investment is greatly affected by the state's economy and political stability, and Turkey is the first and best candidate for real estate investment in the region.
- Real estate is the largest growing and profitable sector in the world.
- Investing in real estate achieves guaranteed results, and is far from adventurous.
What are the advantages of real estate investment in Turkey?
- The prices of apartments in Turkey are permanently rising due to foreign demand on an ongoing basis.
- According to the Knight Frank International Index, Turkey is among the largest global markets in the growth of real estate prices.
- According to Ernst & Young. Turkey is in the second place among the most attractive markets.
- Several other indicators nominate Turkey's real estate markets to provide the best achievements in the coming years.
- The scarcity of real estate of all kinds compared to the demand in the markets.
Investing in Turkish real estate is a broad and multi-branched profit gate, but it remains for FCC Real Estate to remind you that real estate investments must be long-term in order to achieve the desired returns, so the investor in Turkish real estate must be patient and have long-term plans to invest his money that he will save on Real estate form in Turkey.
Turkish Economy| Istanbul apartments| Turkey apartments | Notary in Turkey | Turkish citizenship | After-sales real estate services | Pre-sales real estate
Choose the most suitable apartment
Lets set special prices for you. Let us deliver yout title immediately
Life worthy of the best resorts in luxury Cyprus project close to the sea
Cyprus project on the seashore and with all amenities you need for vacation and life altogether
Project on the seashore with all amenities you need for vacation and life altogether
Never ending holiday life in Cyprus project
Cyprus project with sea, nature and city views
Comfortable life with full of fresh air and greenery in Eyüpsultan living complex