Turkey Real estate Your best investment choice

Created: 2022-06-22
Last Updated: 2024-04-23
Views: 996

Real estate investment in Turkey is one of the safest investments at all levels, not only in the field of financial investments and money management, but also at the level of the region, as Turkey is one of the most secure and stable countries in the Middle East, which is witnessing conflicts in Syria, Iraq and Libya, in addition to the deterioration of the economic situation in the other countries, so Turkey has been a safe investment haven for the fleeing capital during the past ten years.

Real estate investment is one of the most important types of investments that enjoys a good reputation globally, the real estate market in Turkey has witnessed great leaps in its sales volume, the Turkish real estate market is an emerging and strong market, it is the second most active and strongest construction market in the world, and Turkey has been ranked as fourth among the top ten real estate investment countries.

Despite the Corona pandemic, which negatively affected the entire world in 2020, but the volume of real estate sales in Turkey started rising again in 2021, as the total real estate sales transactions in Turkey, amounted to 2,768,262 transactions, during the period between January and November 2021, according to official media reports, and the statistics reported that real estate sales throughout Turkey increased by 25.1% in January 2022 compared to the same month in the previous year 2021, as real estate sales reached 88,306 apartments, Also, the Turkish Statistics Authority said that home sales for foreigners in Turkey increased by 56.5% In January 2022, compared to the same period in the previous year 2021, as about 4,186 properties were sold in January 2022.

Advantages of buying a property in Turkey

Obtaining a real estate permit residence in Turkey.
The possibility of obtaining Turkish citizenship if the property price is 400 thousand dollars or higher.
Investor can live in a safe, comfortable and beautiful place.
An increasing income through investment, thanks to strength of tourism in Turkey, where the possibility of renting apartments during the multiple touristic seasons most of the year.
Combining living in a rapidly developing place as Europe and keeping at the same time the scent of oriental customs.
The cost of living in Turkey is low compared to Europe and the countries of the region, with the high quality of agricultural crops and its availability throughout the year.
The stability of life in Turkey compared to the surrounding and regional countries.
There are international schools that allow foreign communities to complete their education, whether American, French, Iraqi, Libyan and others, as well as the possibility of joining your children in Turkish schools and universities.

Real estate prices in Turkey

Real estate in Turkey is characterized by the diversity that has contributed to satisfying all the needs of those coming for the purpose of living or investment in Turkey, which is suitable for all types of investors from all different social strata, but there are a number of factors that control the price of real estate in Turkey, factors that contribute to the price discrepancy between types of real estate significantly, and there is a discrepancy in prices from a city to another, as well as from one area to another in the same city, and among these factors are:

The governorate or city that you want to buy a property, the prices in Istanbul are completely different from prices of another city such as Mardin. The urban and coastal cities are much more expensive than the countryside ones.
Type of property itself, is it an apartment, a villa, or a shop, also is the property within a residential complex with social services, or just an apartment in a normal building.
The area in where the property is located, even if it is in the same city. Touristic areas that tourists visit throughout the year are more expensive than other areas, or the investment areas that many multi-national companies’ headquarters based in are more expensive than those areas on the outskirts of the city.
The distance of the area from the city center or its proximity to the center, one of the determinants of real estate price.
The services of the area and its proximity to transportation and metro stations.
The proximity of the area to the sea and green spaces. The coastal areas have their fans, and the more the property is close to the sea or the green natural parks, the higher price of the property is.
The method of payment is one of the factors that contribute to the price of the property. The price of the property paid in cash is lower than the price of the same property paid in installments.

Reasons that investors buy real estate in Turkey

Real estate prices in Turkey are cheap compared to other European cities, as you can get an apartment with an amazing view at a lower price than other European cities.
Turkish government's interest in real estate investment and pumping investments in the field of construction.
Diversity of types of houses in Turkey, as the real estate market in Turkey includes plenty of options that suit all tastes and social classes, thus ensuring that you will find what fits you.
Obtaining Turkish citizenship, especially after the Turkish government in 2018 modified the investment laws to obtain citizenship, including investing in real estate, so that everyone who buys a property worth 400 thousand dollars after it was one million dollars, and therefore real estate investment, in Turkey in general and in Istanbul in particular, is considered one of the most successful investments.
Turkey has a huge investment portfolio. Over the past decade, Turkey has been able to have a strong reputation in real estate market and which has led to the strengthening of the real estate portfolio in Turkey.
Real estate investment is profitable and has an increasing return in the long term, especially for those looking for a long-term investment, and it has the ability to provide a profitable return, whether in the short or long term, especially since Turkey lives political and social stability compared to the surrounding countries at the region, Experts often recommend that real estate is the best long-term investment.
Ease the process of real estate purchasing for investors and foreigners, as the Turkish government did not place restrictions at the purchase of real estate for the foreigner, but through a photo of the passport and the issuing a tax number. You can buy a property without been asked for the source of the money as some countries do, and from time to time the authorities review and simplify the purchasing process to attract investment in the real estate market from abroad for those who are interested in owning a property in Turkey.

The best areas to buy a property in Turkey

The answer of this question depends on the specifications of the property that the foreigner wants to buy and also according to the purpose of buying, whether for investment or for living, but in all cases, what distinguishes the real estate market in Turkey is that whether for living or investment, it has a rental return income and is easy to rent and invest in one way or another, and on all we will try to arrange the regions according to the purpose of the purchase:

Investment areas

There are commercial and investment areas in the first place, such as the Maslak district in Istanbul, as well as Basin Express district, and these are investment areas because of most of headquarters of international multinational companies’ base in one of these areas.
There are investment areas due to the speed of renting there, such as the touristic areas in Istanbul, such as Sisli, Taksim and Fatih areas.

Residential areas

Also, there are perfect areas for living, such as Beylikdüzü, Avcilar and Esenyurt, and there are some areas mixing both purposes residential areas and investment areas such as the new areas targeted by the state such as Basaksehir, Bahcesehir, Bakirkoy and all these areas in Istanbul.

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.

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