What makes Turkey a destination to find Dream apartment?

Market boom, density of opportunities, and other factors you know..

Since 2016 until today, Turkey has been overwhelming expectations, surpassing all countries of the world in terms of real estate price improvement annually, according to the Knight Frank Global Index, and this stems from several reasons that we will tell you about in the next article....

Market Boom...Main Key:

According to the overseas real estate promotion organization "GIGDAR" and according to the unified opinion of real estate experts, the boom in the Turkish real estate market over the past few years has led to the optimism of foreign investors and their automatic orientation to Turkey, whatever their goals. For many communities of different ethnicities, as well as an almost guaranteed investment future when choosing the right property.

Perhaps the most proof of this theory is that Turkey occupies the second place in the world after New Zealand in the real estate sector, according to Knight Frank.

Density of Opportunities.. Attractive Gateway:

Luxury villas and apartments, with a charming natural or sea view.. Whatever property you are looking for, you will find what you are looking for in Istanbul, with its location between Europe and Asia, its wonderful climate, its location on Marmara and Black Seas, and many other factors that drive local and foreign construction companies. To start the construction of the largest residential complexes, villas and even commercial complexes, which during a period of time turned Istanbul into a real estate oasis that embraces thousands of promising and exceptional opportunities.

Turkish citizenship :

Investors come from the East and West with different goals of real estate ownership in Turkey. On Turkish citizenship in exchange for real estate

This is what a huge number of investors around the world are seeking, aspiring to live and obtain the right of citizenship in the promising state of Turkey and enjoy the strength of its passport and the advanced rank it has recently reached.

What are the efforts of the investors? And where are they going?

In a report issued by Turkey News Agency recently, it was found that foreigners interested in owning real estate in Turkey choose the northwestern states such as Istanbul in the first place, and then Yalova and Bursa in most cases.

Through the presence of Ramzy Real Estate in the Turkish market for more than 7 years, it turns out that the desires of all investors are oscillating about finding a property with a suitable and vital location, at reasonable prices away from high-priced housing opportunities or those properties that are manipulated and their prices increased by trick as it was The weak-spirited owners of fraudulent companies do this, but the government has curbed this by introducing a new amendment that puts an end to it.

Investors also prefer to own property within residential complexes, moving away from owning in ordinary buildings, as they were built with non-earthquake-proof equipment, in addition to their lack of services that residential complexes enjoy, such as guarding, swimming pools, sports clubs, steam rooms, saunas, and others.

Attention did not stop even during the Corona pandemic!

In a report presented by the Turkish Statistics Authority at the beginning of the year 2021, it was found that real estate sales to foreigners witnessed a continuous rise in foreign demand for real estate ownership from 2013 to 2020 or the year of the pandemic, as some people called it, and this was not expected by anyone, especially that the movement of The quarantine witnessed by the whole world was waving losses and stagnation in all sectors, which is what actually happened, but Turkey took advantage of the situation and turned the ordeal into a grant through a tight plan to save the real estate sector, thus being able to extract its sector as hair comes out of the dough.

Other reasons why Turkey is your destination to find a dream apartment:

The presence of nearly 4 million Syrians in Turkey and their stability over 10 continuous years was a trigger for the arrival of more expatriates from different parts of the world, such as Lebanon, Egypt and the Arab Gulf states, in order to stabilize and launch various commercial projects.

smooth procedures and the conduct of transactions related to real estate ownership for foreigners, tax exemption laws, and others played an important role in attracting foreign capital.

The real estate market’s recovery and revival from any crisis that befell it, was ideal and influential as described by the American agency Fitch, as the real estate market did not stumble after its uprising in 2002 and did not witness a noticeable weakness since that time until this day, bypassing crises and serious pressures, and perhaps all of the above was enough. Turkey is becoming an ideal destination to find a dream apartment.

Editing: Ramzy Real Estate

Sources:

Knight Frank

Turkish Statistical Institute