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Real estate investment in Turkey and the Gulf, features and differences:

Real estate investment in Turkey and the Gulf, features and differences:

With the advice of many experts around the world and those who had previous experience in the real estate field in Turkey, it was found that real estate is the best and most secure investment option at all, as it is the best way to raise funds, but the investor must look for the safest and most distinguished spot in order to initiate this investment.
There are many options available for real estate investment around the world. Between the European Union countries, the United States of America and the Arab countries, the investor is confused about the choice.
Through the following article, let us introduce you to the most important advantages and differences between real estate investment in Turkey and the Arab Gulf countries.


Real estate investment in the Arabian Gulf:


Since a number of past years, the nature of real estate investment in the Arab Gulf countries is getting deteriorating and a large number of real estate investors around the world have chosen to stay away from it as a result, as this real estate downturn is likely to make the investor lose his money.
Real estate in the Arab Gulf countries has recently witnessed a significant increase in its prices, which made many investors around the world view it as being very expensive when compared to real estate prices in Europe or Turkey.
The Gulf real estate market has continued to decline and its properties have lost more than a third of their value, and according to many real estate experts, this is primarily due to the lack of demand around them.
The cost of living in the Arab Gulf states is rather high when compared with other countries, and the climate in the Arab Gulf states is hot and contradicts the desire of many people to settle and live.
With reference to many real estate experts, the investment return offered by the Arab Gulf states is little and insufficient when compared with the investment returns offered by other countries.


Real estate investment in the Turkey:


The Turkish state has recently witnessed a distinctive real estate renaissance and a comprehensive urban revolution that made it one of the most important countries in the world in terms of real estate investment for many reasons, the most prominent of which are:


1 - Turkish economy:


Turkey has a developed economy in which it has been able to outperform many countries in the world and during the current year, it has achieved important qualitative leaps, and according to expectations, it is expected to register by the end of this year a growth of ten percent.
A strong economy is a means to the advancement of countries and one of the pillars on which the country is based as it makes real estate a safe portfolio in which money grows.


2 - Through these properties, Turkish citizenship can be obtained:


By buying real estate in Turkey, Turkish citizenship can be obtained only when the price of the property is two hundred and fifty thousand US dollars, and a commitment must be made not to sell it before five years from the date of its purchase.
It is worth noting that the Turkish government has worked to reduce the amount that must be available for the property in order to obtain Turkish citizenship to what it is today, after it was once a million dollars.


3- Real estate prices in Turkey are suitable:


Real estate prices in Turkey are the most distinguished, due to their low price, in contrast to many countries of the world. This is also accompanied by the high quality of real estate in Turkey, where the best building materials and international standards are followed, as they are earthquake-resistant, heat- and sound-insulated.


4- Tourist character:


Turkey is characterized by its richness in important archaeological and historical monuments that have resonated with many world tourists looking for excellence, knowledge and culture.
Tourism and real estate are two sides of the same coin. When the first surpasses the second, the second rises and excels. It is known that real estate investment returns are rewarding during the tourist seasons.
During the current year, the number of foreign visitors to Turkey who chose it for tourism reached 17.6 during the first ten months of the year.


5- Obtaining real estate residence:


You can get the best types of residence in Turkey by buying real estate in Turkey, which can be obtained very easily, in addition to the possibility of renewal.
To obtain real estate residency, there are no conditions other than that the property not be located within one of the security or military areas in which the foreigner is prohibited from owning property.
Also, real estate residency has many advantages, most notably that it allows its holder to move between Turkish states, and all family members will get it.


6 - Many facilities when buying a property in Turkey:


The Turkish government has provided many facilities for foreigners when buying a property in Turkey, most notably tax cuts and the ease of procedures for owning these properties.
The Turkish government has allowed foreigners to own real estate online without having to leave their country and incur the costs and hardships of travel, and this is one of the 100% safe steps.
Before you take any step in the field of real estate investment, you should familiarize yourself with the features of each of the world famous countries in this field only in order for your step to be safe, correct and crowned with the results you would like to obtain.

 

At Ramzy Real Estate Company, we are glad to accompany you on the journey of buying property in Turkey and to provide you with a range of services to make the process smooth and easy , as we are always keen to present a variety of options for residential and investment properties in addition to helping you obtain Turkish citizenship for those looking for it.
Our services:
- Legal advice .
- Property Management.
- After-sales services .
- Legal services and obtaining Turkish citizenship.
- Buying and selling real estate in Turkey.
- For more details, you can contact us via the communication platforms or via the WhatsApp attached on the site.

 

Editing by Ramzy Real Estate Team ©

 

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