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Feb 5, 2023

Real estate investment in Turkey 2021 is the best in the world

Many investors follow the conditions of real estate markets around the world, as real estate investment is one of the most successful and most money-generating investments, and at the same time, it is considered a relatively safe investment. Looking at the state of Turkey real estate for the year 2021, you will find that the Turkey real estate market was able to develop and achieve a qualitative leap in real estate prices in Turkey, and this was reflected positively on Turkey real estate investment.

According to the statistics, Turkey real estate prices increased in one year from the beginning of 2020 to the beginning of 2021 by approximately 30%, ahead of all countries of the world, and this indicates the extent of the success of real estate investment in Turkey, so it is considered an irreplaceable opportunity!

Attractive cities for Turkey real estate investment in 2021

According to the studies that were conducted, it was shown that some cities in Turkey are preferred over others in terms of buying real estate. Of course, Istanbul is certainly at the top of the list, as the percentage of real estate purchases in Istanbul increased during 2021 and Turkey real estate prices rose by 28 percent, while Izmir has witnessed a rise like that, and within one year it has achieved an estimated increase of 33% to top the list globally as the city that witnessed the most increase in prices, thus growth in real estate investment.

Of course, the Turkish capital, Ankara, has a large share as well, as real estate prices rose in one year by 30%. With this, we note that Turkish cities come at the top of the list as the best places for real estate investment and real estate purchase.

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Istanbul the capital of real estate investment in 2021

The percentage of buying Turkey real estate in Istanbul increased during the year 2021, and real estate prices increased by 28%, which is a percentage that is considered very pleasing for businessmen and investors in Turkey real estate. We can say that the reason for this increase and demand is several factors, the most important of which we will mention below:

Geographical location: Istanbul is the only city in the world that is located on two continents; Asia and Europe, making it the middle of global trade routes and making its ports the most important ports in the world, which made its real estate one of the most important properties in Turkey.

Government interest: The Turkish government is greatly interested in the city of Istanbul, as it aspires to make it the first global city in trade, economics, education, technology, health, tourism, and others.

Internal demand: Istanbul is not only the preferred destination for foreigners, it is also the preferred destination for the Turks themselves, as they prefer it for investment or to live because of the availability of job opportunities there and because of the global demand for it, and its universities are considered among the best universities in the world. It is worth noting that this is one of the reasons why the Turkey real estate market is a very safe market for real estate investment.

Strategic projects: The Turkish government has recently established a number of strategic projects in the city of Istanbul that will change the world's compass towards economy and trade. Among the projects that have been completed is the new financial center in the Asian section of the city, specifically in the Atasehir area. As for the projects that have not yet begun, but are at the top of the list, the new Istanbul Canal, which will draw a new map for global trade.

Urban development in Istanbul: Unlike other Turkish cities, Istanbul is witnessing a great urban and cultural development represented by Turkey real estate with modern designs, styles and different types. In Istanbul, you can find all types of Turkey real estate, including villas, regular apartments, penthouses, hotel apartments, palaces on the Bosphorus, and others.

Advantages of real estate investment in Turkey for 2021

Buying a property in Turkey has many advantages and positives, the most important of which is that you will be residing on the land of one of the important countries that is among the countries that have achieved advanced ranks in terms of economic and cultural power. If you buy a property and live in it, you will in return get comfort in living and facilitating ways to live in it. Life and reduce its difficulties. However, if you don't want to live in it and you bought it just for trade and investment, in this case you are also a winner because you will make money at the end of the month through rent. If you buy the apartment and live in it, you will raise your children in a conservative environment that includes the customs of the East and the development of the West, and this in itself is a great gain, in addition to that you will obtain Turkish residency thanks to this property.

An obvious advantage of buying Turkey real estate is the favorable visa regime and easy procedures for obtaining a residence permit. Citizens of many countries can visit Turkey for tourism purposes without wasting time and money applying for a visa. This is done by purchasing a property worth $200,000 in any Turkish city and obtaining real estate residence permit in Turkey. Already after 5 years, property owners can apply for Turkish citizenship and become equal citizens of this wonderful country.

The most important advantage is purchasing a property or group of properties from Turkey real estate worth $400,000 in any Turkish city and obtaining Turkish citizenship in procedures not exceeding 90 days. Provided that the property is not sold for 3 years. Through this method, the foreign investor becomes a Turkish citizen and enjoys all the rights of any other Turkish citizen. The investor also has the right to grant citizenship to his wife/husband and children under the age of 18.

Turkey real estate is the first destination for investors in 2021

First of all, investing in Turkey real estate is beneficial due to its high cash. Apartments in residential complexes, which offer a wide range of services and are located in areas with developed infrastructure, are in great demand for year-round rentals. It's attractive for resale, too.

Turkey has a positive attitude towards foreign investors. The government is constantly working to simplify procedures and create a favorable climate to attract new investors. The risk is reduced to zero. The foreign investment activity system is considered one of the most liberal in Turkey. After selling Turkey real estate, one can easily transfer money back to their home country. It is also important that foreigners can get credits to buy Turkey real estate in a Turkish bank, and there is a possibility to buy a property in installments over several years.

In addition, it is very profitable to invest in projects under construction. Turkish construction companies not only finish the work on time, but often go ahead of the stipulated time limits. The temperate climate and high demand contribute to the rapid completion of projects. Turkish banks sometimes offer insurance that guarantees a certain payment in case of delay. Real estate under construction can be bought very cheaply and it is possible to get very attractive apartments.

To know more about real estate investment in Turkey, do not hesitate to contact us via WhatsApp, here. Our company's real estate consultant will respond to you immediately.

 

 

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