If you are interested in the Turkish real estate market, you will notice that year after year there is a significant increase and.

Reasons for the increase in real estate sales in Turkey 2022

Date:

Tuesday, September 13, 2022

If you are interested in the Turkish real estate market, you will notice that year after year there is a significant increase and.

If you are interested in the Turkish real estate market, you will notice that year after year there is a significant and noticeable increase in the volume of Turkish real estate sales, but what are the valid reasons that led to this?
In this article, the FCC editorial team will put in your hands a comprehensive report on the most important information that interests you about the rise in real estate sales in Turkey .

See the reasons for the increase in real estate sales in Turkey:

Recently, real estate sales in Turkey have increased dramatically, as Arabs and foreigners from different countries of the world flock to buy them.

1- The desire to obtain citizenship:

One of the reasons for the increase in real estate sales in Turkey is the desire to obtain Turkish citizenship , as foreigners must buy real estate worth at least $400,000. The process takes about six months and there are no residency requirements. Turks who obtain citizenship through real estate investment also enjoy access to free education and healthcare, as well as visa-free travel to more than 100 countries.
If you look at the statistics, you will find that more than 40% of those intending to own property in Turkey was their sexual goal.

2- Encouraging real estate prices:

The high real estate prices in Turkey have led many investors to buy real estate in the country. One of the reasons for this is that real estate prices in Turkey are much lower than in other countries. Another reason for the increase in sales is that the Turkish government offers incentives to foreigners to buy real estate in Turkey . These incentives include tax breaks and residence permits.
For foreign buyers, the Turkish lira has lost about 30% of its value against the US dollar since early 2018. According to the Turkish Statistical Institute, in the first nine months of 2019, foreigners bought about 50,000 properties in Turkey, which is a significant increase from the same period last year.
The most popular cities among foreign buyers are Istanbul, Ankara, Bursa, Yalova and Antalya. Istanbul alone accounted for nearly 40% of the total sales to foreigners.

3- The exchange rate of the Turkish lira:

against foreign currencies. The Turkish lira has been in a period of decline against major currencies since the early 2000s. This consumption has made Turkish real estate relatively affordable for foreign investors. In addition, the Turkish government has implemented a series of reforms to make the country more attractive to foreign investment.

4- Social diversity in Turkey:

One of the reasons for this increase is the social diversity in Turkey. It is a country with a large population diversity. People from all over the world have made Turkey their home, and this diversity is reflected in the real estate market, as there is a growing demand for properties that cater to different lifestyles and budgets. This has led to an increase in the number of real estate projects that offer a wide range of options, from luxury apartments to affordable homes.

What will you find in the Turkish real estate market?

One of the main reasons that led to the increase in real estate sales in Turkey is the possibility of purchasing in more than one way and method, the most important of which are:

1- Real estate in Turkey in installments:

The real estate installment system in Turkey is one of the best and most important investment systems that encourage foreign buyers to own real estate in Turkey, as this system includes ownership of the property and protects the buyer's money.
Among the advantages of buying a property in Turkey in installments:
First: You can own a property in Turkey easily and without any difficulties. All you need is a passport for foreigners and a residence permit, which gives you the right to own your property like any other Turkish citizen.
Second: You can obtain a mortgage from any Turkish bank to buy your property in installments.
Third: The possibility of selling or renting your property at any time you want, as there are no restrictions on that.
Fourth: The installment period for buying a property in Turkey extends to 7 years, which gives you enough time to pay off your debts without any pressure.
Fifth: There are many options for real estate that you can buy, whether apartments, villas, or lands that suit all budgets.

2- Real estate in Turkey under construction:

Construction in Turkey is growing rapidly, with many new projects popping up in Istanbul and other major cities. Off plan properties in Turkey can be a great investment for those looking to buy real estate in the country. There are some advantages to buying a property that is still under construction, the most important of which are:
First, you may be able to get a discount on the purchase price.
Secondly, you can often choose the finishes and fixtures for your property, and customize them to your taste.
Third, you can take advantage of the Turkish government's generous tax incentives for new home buyers.
Who will buy real estate in Turkey that is still under construction? Investors looking for a unique opportunity and buyers who want to personalize their homes will be the most likely candidates.

3- Real estate in Turkey is ready:

There are many advantages to buying a ready-to-move-in house in Turkey, the most important of which are:
- The main advantage is that you do not have to wait for the construction of your house to be completed. This can save you a lot of time and money.
- Another advantage of buying a ready-to-move-in house is that you can be assured of quality construction whereas when you buy an off-plan property, you run the risk of getting a lower quality as a result of the builder's manipulation of specifications. This is unlikely to happen in a ready-to-move-in home.
Ready-made houses in Turkey are also a great option for investors who want to rent out their properties. These properties are more attractive to tenants than unfinished properties. Since they are already built, the risk involved for the investor is less.

Follow our website constantly to see the latest developments in the real estate market in Turkey and the most important topics of interest to you.