The value of real estate in Turkey doubles itself every year. The real estate sector in Turkey provides very profitable .

REAL ESTATE WEALTH CAN BE ...

Date:

Friday, October 30, 2020

The value of real estate in Turkey doubles itself every year. The real estate sector in Turkey provides very profitable .

The value of real estate in Turkey doubles itself every year. The real estate sector in Turkey provides very profitable investment returns to investors, and the Turkish real estate market today has become one of the strongest and best markets around the world, both in terms of various opportunities and achieving significant profits, and the reason behind this boom; the most important reasons that encourage investment in the Turkish real estate market are:

Real estate diversity and abundance of opportunities:

We can describe the diversity in the Turkish real estate market as ideal, due to the presence of a significant number of huge construction companies in Turkey, which have built hundreds of modern residential complexes in recent years, and this is what made Turkey rich in real estate opportunities and an incubator for various types of real estate. This gives the investors a complete freedom to choose the property that matches their aspirations and plans and facilitates the process of finding their dream apartment.

Real estate residence:

Whoever buys a property in Turkey obtains the right to have permanent residence permit in Turkey which is a residence whose duration ranges between 6 months and 3 years, which the holders can renew each time the condition of presenting the title deed during the residency renewal interview, as well as the possibility granting them the same residence for their first-degree relatives.

Turkish nationality:

In addition to the naturalization law for foreign investors, which provides for the granting of Turkish citizenship to every investor who buys one or more real estate worth 250.000 US dollars, provided that he does not sell it before the passage of 3 years, within a period ranging from 45 to 90 days after preparing the papers and documents necessary to obtain them

Better than that, the investor's family (the spouse and children under 18) are entitled to obtain Turkish citizenship with them and enjoy the benefits and power of a Turkish passport.

Turkey is a perfect blend of diverse cultures:

The remarkable cultural diversity in Turkey, specifically in Istanbul, make it an ideal destination for housing and investment at the same time.

Among the most important rules for real estate investment are the following:

Real estate wealth is a long-term decision and real estate profits are generated from the buying and selling.
Real estate revenue generates an opportunity to pay off the mortgage.
The value of real estate increases with time, which allows the purchase of other properties
The lowest interest rates, longest repayment period, and lowest down payment are obtained when requesting a bank loan to purchase a property because bankers know that real estate has the lowest risks or losses to the bank.
Mortgage insurance programs must be available.
There are grace periods before mortgage payments start.
There are tax exemptions on installments paid on the mortgage.
The property's revenue must be greater than the premiums to be paid to avoid negative cash flows.

The most appropriate time to invest in real estate in Turkey:

The most profitable way to invest in real estate in Turkey is to invest in several seasons. However, it is logical to choose some periods, so seasonal advantages and real estate prices are important factors in the investment process. Thus, the appropriate time to invest in Turkey varies, according to the type of real estate investment required.

For example, the spring period is the most profitable period for investing in homes, while the winter period is more suitable for investing in an office or commercial store, and the summer is suitable for investment in certain areas such as Bodrum and Antalya, and in the case of large amounts of investment in private property, the autumn period is the most accurate With this type of investment, this shows the changes in the supply and demand ratios according to the seasons, Turkey, the increase in sales of most of the real estate sector during the spring.

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