Almost everyone agrees that Turkey in its different regions, especially Istanbul, constitutes an attractive environment and suitable climate for real estate investment in Turkey, as many foreigners flock to buy real estate in Istanbul and have apartments for sale in Turkey in general.
Choosing Istanbul or Turkey for investment was not a vacuum. International investors are so smart that they differentiate between a fertile environment for buying real estate with investment objectives and vice versa. Several influencing factors play an important, effective and encouraging role in real estate investment in Turkey. Long term investment guarantees rewarding returns day in and day out.
Factors that support real estate investment in Turkey
Are you looking for a safe investment to earn rental income or resale profit in the future? Turkey has a good real estate market to meet these demands.
The Investment Citizenship Program offers one of the most competitive opportunities in the world. Within three months, you can get a Turkish passport by spending $250,000. You can easily choose from a wide range of portfolios, from modern apartments to luxurious villas by sea.
When the whole world is witnessing crises at different levels, real estate becomes the safest haven among all types of investments.
What are the appropriate factors for real estate investment in Turkey?
1. Unique and strategic location
Turkey's special and strategic location has created an accessible and cost effective hub for key markets with convenient connectivity for 1.5 billion people and a combined economy of $24 trillion of GDP in Europe, the Middle East, North Africa and Central Asia within the scope of a 4 hour flight.
This has attracted global names such as Toyota, Ford, Nestle and Hugo Boss, both of whom have chosen Turkey as their production, export and management hub.
Many companies claim that Turkey's geographical location at the crossroads of Europe and Central Asia and its skilled workforce is a winning formula.
Turkey occupies a strategic position between Europe, where much of the world's political and economic power is concentrated, and Asia, which has recently become an important center of economic development and growing political influence.
2. Turkey's infrastructure and economy
The Turkish economy has become among the 20 most powerful economies in the world due to the continuous work during the past twenty years by the Turkish authorities to achieve strong figures for Turkey in the international arena.
Turkey's developing economy offers attractive prospects for infrastructure investment across a wide range of industries, including transportation, healthcare, and energy.
According to the World Bank, Turkey ranks third in global public-private partnership projects, with a total contract volume of $165 billion between 1990 and 2015.
Turkey also witnessed a boom in exports, with diversified products reaching more than 132 globally and its tourism sector recovering. In 2019 alone, it was visited by more than 50 million tourists as the fourth best tourism destination in the world.
In general, the Turkish economy ranks seventh in Europe in terms of the largest economies of the old continent, in great competition even for the largest and oldest economies, such as France, Germany and Britain.
The Turkish economy is considered one of the most resilient economies in the face of crises such as the Corona crisis. It has shown great strength and stability compared to many major economies.
With a track record of more than 220 public/private sector deployments across a variety of infrastructure investments, over the past decade, Turkey has been able to implement more than 80 percent of these initiatives. Despite the Covid pandemic, the real estate market in Turkey continues to boom, with more than 41,000 new properties sold in Turkey during September 2020 - 5,269 of which were sold to foreigners. About 8000 new properties have been sold in Istanbul, the main city for investors who want to buy for rent in Turkey.
3. Renewable laws in Turkey
About ten years ago it was impossible in Turkey as a foreigner to own real estate easily. The Turkish government took an interest in this and embarked on a legislative revolution in favor of foreign investors. Investment in Turkish real estate has increased significantly in recent years. The government reduces the value of the property to obtain Turkish citizenship. You can obtain Turkish citizenship by buying a property only for the amount of 250 thousand dollars
4. High profits for real estate investment in Turkey
The real estate market in Turkey continues to double in value every year. Investments in Turkey's fast-growing real estate sector provide a profitable return for investors. According to research, real estate is one of the most profitable investment tools in Turkey. It recorded a profit rate of 150%. Real estate in Turkey is also attracting attention.
Turkey real estate has high investment returns. The large number of residential and commercial real estate projects had an impact on these huge returns. Istanbul apartments for sale are almost unique from the rest of the Turkish cities. Many real estate projects in Istanbul have huge and guaranteed returns.
Istanbul in particular has a strong infrastructure and an extensive transportation network. There are many investment opportunities. In addition to the advantages of climate, customs and traditions.
5. Turkey is a tourist and recreational country par excellence
Turkey is one of the most popular tourist countries for foreigners. Tourists continue to visit Turkey despite the outbreak of the Corona pandemic due to the Safe Tourism Program.
This beautiful country has stunning nature, enchanting beaches and many recreational facilities. You can find shopping malls, folk markets, monuments, parks, squares, shops, walkways, etc.
It also maintained its high-end services within its residential model. Residential complex buildings contain many services and facilities. Its most famous landmarks are swimming pools, football fields, security guards, recreational spaces for children, pools, gardens, and others.
Is real estate investment in Turkey still attractive in 2022?
After the fluctuations of the Turkish currency during the previous stage, and in light of the economic conditions that Turkey is going through these days, is real estate investment in Turkey still profitable? Is creating a real estate investment in Turkey logical?
Turkey, with its strong ground on which different types of investments are built, is considered a global center to attract foreign investors and businessmen, especially with the many investment opportunities it provides in various sectors, real estate, industrial, commercial, agricultural, and other investment fields available.
Given the great prosperity and tremendous development in the previous years in the real estate sectors, we can call those years the golden stage in the world of Turkish real estate, especially since real estate prices have achieved an unprecedented rise, the number of properties sold broke a record, and high rates were recorded in Buying and selling real estate by foreign investors.
What are the returns on real estate investment in Turkey?
Investment returns can be defined as the estimated percentage between the net profit and the investment cost resulting from the investment of some resource. In other words, a high investment return means the investment gains positive over its cost.
Return on investment (ROI) is used as a performance measure to assess the efficiency of an investment or to compare the efficiencies of many different investments. In purely economic terms, investment returns are one way of tying profits to the investor's capital.
The returns on real estate investment in Turkey differ from other investments in other fields, where the capital in the property maintains its real value, and the value of the property may increase often, to reach the annual percentage of profits through investment returns that are achieved by resale or Renting up to 20% of the original property value.
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