Turkey Open Market for Real Estate

Created: 2021-04-06
Last Updated: 2024-04-20
Views: 6456

Content Index

Reasons that attracted investors to the real estate sector in Turkey:
Real estate prices within the Turkish real estate market:
Types of real estate within the open real estate market in Turkey:
What does the real estate market in Turkey include?
Is there diversity in the real estate market in Turkey?
Position of the Government of the State of Turkey on the real estate market
The most important government decisions supporting the real estate market in Turkey
Are Turkish real estate suitable for housing and investment together?

The attention of foreign and Arab investors has recently turned to Turkey, and it has become a major destination for capital investment, especially in the field of real estate, as real estate investment in Turkey has become one of the most successful and sought-after investments, so if you want to run your money in a beneficial way, you will not find a better place. From the open real estate market in Turkey, and if you do not have information about it, you have reached the right place .. We will talk more about all the details of the real estate market in Turkey, so follow with us ..

Reasons that attracted investors to the real estate sector in Turkey:

- The nature of the country: One of the factors that attract people from everywhere to Turkey is its strategic location, as it sits between the two most important continents in the world, which are Asia and Europe, and thus it is a tourist destination for a large number of tourists annually, as well as mutual trade relations with the countries of the Union We should not forget the pleasant Mediterranean climate that the country enjoys and which is not available in other countries.
- Governmental incentives: The Turkish government has played a great role in encouraging investment in Turkey by providing many facilities for those who want to invest on its lands, reducing taxes and canceling many papers and transactions, and in return it organized the process of real estate ownership so that the investor would not be deceived. And fraud during the process of buying a property in Turkey.
- Obtaining Turkish citizenship: The most important factor that drives investors to work in Turkey is the possibility of obtaining Turkish citizenship through real estate investment on its lands, and this of course is a great opportunity that cannot be missed as the investor must buy real estate at a price of 250 thousand dollars or equivalent. And then he can submit the necessary papers to obtain Turkish citizenship and the Turkish passport and the advantages they hold.
-Diverse options: What distinguishes the open real estate market in Turkey is the different types of real estate in it that suit everyone of all tastes and social levels, as there are regular apartments, smart apartments, villas and hotel apartments in addition to modern residential complexes and studio apartments that suit workers or the students .

Real estate prices within the Turkish real estate market:

There are many factors that affect the price of the property, and here we will enumerate some of them, taking into account that real estate prices in Turkey are considered low when compared with neighboring countries despite their excellent specifications, and this is what drives businessmen to invest in Turkish real estate in particular and despite the great prosperity. What the real estate market has witnessed in Turkey, but real estate prices are still acceptable. As for the factors affecting the price of the property, they are:
- Location of the property: And here we mean its location within the city, where prices vary in different regions, and that of course depends on the services available in the region, the infrastructure, its proximity to transportation, and the presence of recreational and service places such as health centers, schools and malls, as the price rises whenever we approach the center City .
-City: Real estate prices vary between Turkish cities, as it is known that the city of Istanbul is high in real estate prices, due to its excellent services and good reputation, and this is also true for tourist cities such as Antalya and Bursa. As for the inner cities, you can find cheap apartments for sale in them such as Konya, Gaziantep and others.
- The area of the property: One of the most important factors determining the price of the property is its area, and here it is necessary to pay attention to the total area and the net area where there is a difference between them, and we must focus on the net area that is used.
- Interior apartment specifications: Prices vary widely according to the number of rooms, balconies, bathrooms and floors, in addition to the type of materials used in the construction, painting, and the quality of finishes.

Types of real estate within the open real estate market in Turkey:

Residential real estate: As the forms of residential real estate vary greatly, there are old, regular or even built real estate according to a modern style, right up to smart apartments that rely entirely on technology, but certainly everyone can find what they dream of in Turkey.
Commercial real estate: special attention is given to it in terms of location, as it must be located within vital centers, and the market must be well studied to know the needs and these properties are used by renting them or working in them and using them in various fields as a commercial office or headquarters for a company Or even a restaurant or clothing store, as there are unlimited options.
Under construction real estate: Here the investor can buy a property that has not yet been completed, and thus he can buy it at a low price compared to the ready property with the availability of discounts and comfortable installments according to the construction company and these properties are suitable for those who do not need housing immediately as they make profits Great after its completion.

What does the real estate market in Turkey include?

A question that carries many answers. Real estate in Turkey has now competed with real estate in the foreign and European market, because of what the Turkish market has, as well as the development and modernity of the Turkish real estate market in general, which made the real estate investment market in Turkey a strong competitor facing the global real estate markets.

Turkish real estate is now achieving impressive results and high profit investment successes, prompting investors to pump their business and investment projects safely into the Turkish real estate market.

Is there diversity in the real estate market in Turkey?

A very accurate sentence, there are many specifications for real estate units in Turkey, and the investor can choose the appropriate real estate unit according to its capabilities and objectives after the purchase, for example, there are many ready-to-occupy properties, and they are available in many state centers, and there are also properties under construction.

Not to mention the old and dilapidated properties, which can be developed and rebuilt, and these properties are available in the outskirts of cities.

This diversity and multiplicity did not occur in vain, but the elements and qualifications of the Turkish state of strategic and tourist advantages, as well as the rate of population growth, all factors forced the real estate market to be in a state of prosperity and diversity, in order to cover the increasing market requirements.

Position of the Government of the State of Turkey on the real estate market

The Turkish government has taken all measures to support the real estate market in the country, and has contributed to the activation of the real estate investment market by receiving foreign investors, and by making the necessary facilities to enable them to own real estate units in Turkey, according to certain conditions and procedures.

There is no doubt that the facilities made by the Turkish state made Turkey a destination for all investors globally, which reflected positively on the Turkish real estate market and raised the level of universality.

The most important government decisions supporting the real estate market in Turkey

Perhaps the ownership of real estate by foreigners in Turkey is considered a distinct list, as it is a permanent ownership, and this is not available in many foreign countries.

It is worth noting that the most important support laws provided by the Turkish government are granting Turkish citizenship to some foreign real estate owners, under certain conditions, the most important of which is that the value of the property purchased by the expatriate is 400 thousand US dollars.

The Turkish government has also endeavored to reduce the value of the necessary taxes and fees when buying the property.

Are Turkish real estate suitable for housing and investment together?

Turkey is considered as a developed and modern country, and it continues to develop in all sectors in the country, specifically the real estate market, in order to meet the needs of the growing population.

The ancient history of the Turkish state cannot be forgotten, and now, after modernity and development, the Turkish state has been able to combine originality and modernity, making it a destination for tourism on a global level, which increased the state's need for luxury real estate with breathtaking sea views.

As well as Turkey's distinctive strategic location, which raised the value of Turkish real estate in general, and raised the opportunities for real estate investment in the country.

It is remarkable that in light of all this development, modernity, there are still some residential areas in the suburbs of Turkey that maintain their calm and gentle character, away from civil and urban sprawl.

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