The latest developments on the future of real estate in Turkey 2021-2022:
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One of the first steps that you must take before buying real estate in Turkey is to see the expectations that have been presented about its future. Especially if you want to invest in real estate.
In this context, some may think that due to the Corona pandemic that befell the country and the wars in neighboring countries, the Turkish economy will be in danger, but the reality is on the contrary, as Turkey's economy was able to maintain its position, strength, growth and progress over the most important economies of the world.
In this article, we will explain the most important details that interest you about the future of real estate in Turkey. If this is one of the topics that interest you, you can follow us.
The future of real estate investment in Turkey:
From 2018 until now, the profits of a large percentage of investors in Turkey have reached one hundred percent, which encourages many capital owners and businessmen to go towards it.
There are many reasons that guarantee you abundant profits when investing in real estate in Turkey, and the following will be mentioned to you in detail:
1 - According to many real estate experts and real estate specialists in Turkey, Turkey is living in a golden, promising and prosperous era.
2 - It is expected that real estate prices in Turkey during the current year will increase significantly, ranging between forty to fifty percent.
3 - There is a significant increase in the purchase of real estate in Turkey, and the property can be invested by renting it or reselling it again.
4 - The Turkish government is working hard to maintain its economic stability and superiority over the most important countries in the world through strategic plans.
5 - Turkey offers foreigners many facilities represented in low taxes and easy procedures to complete ownership.
6 - Turkey has worked to provide guarantees to the investor that pushed him to buy real estate, such as the real estate appraisal document that accurately determines the value of the property and keeps him from falling victim to fraud. It also supervises the construction of real estate projects to ensure compliance with international standards and the required quality.
7 - Turkey has all the natural and geographical factors that help in the success and distinction of this type of investment.
In this context, you may be wondering about the possibility of real estate investing in failure at times. Of course, this is possible in some cases, such as that the investor is exposed to fraud and deception or does not adhere to the correct and studied criteria for buying real estate and may make a wrong choice.
But you do not have to go through all this by dealing with a reputable real estate company that provides you with the most important opportunities and options that are suitable for you and your budget. The distinguished real estate company has the experience to prevent you from being exposed to any form of fraud and deception.
The most important incentives for real estate investment in Turkey:
In order to be assured of the success and distinction of real estate investment in Turkey, you should look at these incentives that made it one of the most important countries in the world in this field:
1 - Real estate at competitive prices and high quality:
In recent times, urban transformation projects have spread in Turkey, especially in major cities such as Istanbul, with a large percentage. The aim is to replace old, worn out real estate projects with new and modern ones that match international quality.
The construction of these projects is supervised by the best experts and engineers, and by relying on the best and most high-quality building materials, and this was the biggest motive for many investors, especially since their prices are moderate and acceptable if compared with prices in Europe or America and in some Arab countries.
2 - Turkey's distinctive strategic location:
The importance of the geographical location of the Turkish state cannot be overlooked, which encouraged investors and businessmen from different countries of the world to go to it. It is located between three continents and surrounded by four important seas (Mediterranean Sea - Black Sea - Aegean Sea - Marmara Sea). Add to your information that the city of Istanbul spans two continents (Asia and Europe) and is separated by the famous Bosphorus Strait.
3 - Various real estate options:
You should know that in Turkey, you will have a variety of real estate options, as the real estate market in Istanbul suits different tastes and budgets.
- You can choose old properties and then develop them and resell them again.
- It is possible to buy a property in a promising area with rapid urban growth.
- It is also possible to buy a property under construction, as its price increases by about thirty percent when completed.
- Ready made properties can be purchased if you cannot wait for a project under construction to finish.
- If you do not have the ability to pay the full value of the property in one payment, you can search for installment offers.
- Residential complexes are considered luxurious options that are suitable for housing and investment.
4 - Turkish residency and citizenship:
When buying real estate in Turkey, you can apply for a real estate residence, which is one of the best residences in Turkey at all due to its ease of obtaining and the possibility of renewal.
Also, it is possible to apply for Turkish citizenship when the price of the property is two hundred and fifty thousand US dollars or more. This is one of the most important advantages of buying real estate in Turkey and due to the desire of most foreigners to obtain it, the government reduced the amount from one million previously to two hundred and fifty thousand dollars.
All that we presented through this article were facts about the reality of the real estate market in Turkey, and you should know that its condition is not stable, but that it will witness more development and prosperity in the coming days. Your chance of obtaining a profitable investment and a guarantee of the future still exists. Contact us to provide you with all the news of real estate in Turkey and to help you make the right choice.
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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Obtaining Turkish Citizenship by Owning a Property
The Turkish real estate market
Three Questions before buying a property in Turkey
Buying Real Estate Online in Turkey
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