If you are looking for the best way to put your money and get a high return on profit, you should invest in real estate in Turkey, which has become a resounding reputation, so we decided to discuss with you an aspect of interest to all investors about real estate in Turkey, during the following lines, so follow us.
A brief overview of real estate investment in Turkey:
The idea of investing in Turkish real estate is one of the most important ideas that investors and money owners aspire to, as they consider the Turkish real estate market with economic components that make it a distinctive and profitable investment step in all cases and standards. The real estate investment market in Turkey is also a safe market, and this is the first thing that any foreign investor aims for, and for this, the real estate market has flourished significantly in the past years.
What are the advantages of real estate investment in Turkey?
You can make a lot of profits through the best investment offers in real estate Turkey, and in the following lines we explain to you the most important advantages of investing in real estate in Turkey;
First: Ensuring a continuous rise in the price of Turkey's real estate
Every investor should know very well that real estate prices in any country couldn't remain fixed in one case, but change every period according to the economic, tourism and investment conditions in the country, and according to the rates of supply and demand available in the real estate market. But, when you talk about Turkey and its real estate investment offers, you will find it completely different, as the prices of Turkey's real estate are constantly increasing, so that you can guarantee a large increase in your capital in a period of time not exceeding three years.
This certainty can be proven with evidence, as real estate prices in the Başakşehir area in Istanbul increased by more than 45% during the three years, according to statistics and statements issued by official authorities and specialists in the field of Turkish real estate.
Not only that, but real estate experts and economic analysts believe that the real estate of the Başakşehir area in particular will record another rise in real estate prices, after the completion of the strategic Turkish projects that were built near that area, such as Istanbul's third airport, and the new Istanbul Water Canal.
It is certain and self-evident that these giant projects will have a significant impact on the real estate prices of Turkey in general, and not only the neighboring areas. The question here, is the rise in Turkey real estate prices positive or negative? The answer is that the rise in Turkey real estate prices is a positive effect on the foreign investor, because it guarantees the investor a double financial profit when he thinks of selling the property in the future.
Second: The possibility of obtaining a Turkish identity
This is the great competitive advantage of investing in Turkey's real estate, and it is considered the most important factor that motivates foreign investors to invest in Turkey's real estate, and this is what the official Turkish Statistics Authority has stated.
There are many reasons that make the Turkish identity a target for many foreign investors, such as obtaining the special privileges enjoyed by the holder of Turkish citizenship, which includes all the civil, political, economic and social rights that the Turkish citizen obtains.
This advantage is considered easy, as you can apply for Turkish citizenship by investing in real estate in Turkey, by purchasing a property whose price is not less than 400,000 US dollars, and on the condition that you pledge that you will not sell the property for a minimum period of three years, which are easy conditions compared to the conditions of obtaining any European citizenship, for example.
Thus, the foreign investor achieves an infinite number of profits, as he can benefit from investing in real estate in Turkey financially through the returns, and also benefit from obtaining a nationality that has become one of the most powerful nationalities around the world, which is Turkish citizenship.
Third: Real estate in Turkey has a very low risk
When any investor wants to try a new investment project, he is very much afraid of the risk rate in this project, but when we are dealing with investment projects in Turkish real estate, it can be asserted that the risk rate is almost non-existent. As Turkey's real estate cannot lose its investment value at all, but rather it maintains its investment and financial value, and guarantees you an opportunity for a double increase in material profit.
Among the assurances that there are no risks in real estate investment projects in Turkey, is that the capital required for the project is not very large, but that you can get all the advantages of investing in real estate in Turkey with an appropriate and not incapacitating capital.
Fourth: An opportunity to obtain real estate residency
Certainly, you recently heard about the so-called real estate residency in Turkish territory, as it is considered one of the most important and best residencies in Turkey, and the most popular and preferred by foreign and Arab investors as well. The real estate residency in Turkey is characterized by the following:
Ease of procedures and conditions for obtaining it, you just have to buy a property in Turkey and obtain the title deed or "Tapu".
Real estate residency in Turkey is constantly renewed throughout the duration of ownership of the property.
All members of your family can obtain real estate residency as soon as you obtain it, and they are the wife and children under the age of 18.
The holder of the real estate residency can enjoy all the medical and educational services provided by the Turkish state.
By obtaining real estate residency legally in Turkish territory, you can roam and travel within the states of Turkey completely freely and without restrictions.
What are the forms and patterns of real estate investment in Turkey?
If you want to invest in Turkey real estate, you must know very well that you are in front of an open real estate market, and there are many types of investment ideas, and this is what the following lines explain:
First: Investing in commercial real estate
This idea is one of the most popular ideas in the field of real estate investment in Turkey, because it guarantees the foreign investor a high profit return. This idea is considered one of the somewhat guaranteed ideas, as it is characterized by a continuous rise in its prices, and this is due to the touristic nature of the Turkish state, and the increasing and continuous demand for it.
Accordingly, it is very difficult not to find a tenant who wants to rent your property, and when you rent the property, you guarantee that the rental period will last for a long time and that your property will not be empty, and this is because when traders rent a property with a commercial purpose, they do not prefer to move from it, to keep clients they deal with.
One of the advantages of investing in commercial real estate in Turkey is that the property owner never has any problems with paying rent, because the owners of commercial projects are often rich and have huge capital.
Second: Real estate investment in Turkey villas
Villas in Turkey are considered one of the most important real estate investment projects, and this type of real estate attracts tourists and foreign investors from all over the world, and villas are ranked second after apartments in terms of preference among Turkey's real estate.
Villas in Turkey are distinguished by the fact that the field of investment in them is wide, as they can be used to implement a large number of investment ideas in a variety of ways.
The following are some of the investment ideas for villas in Turkey:
-Invest it to be a health center or an important educational institution in Turkey.
-The villa can be used in Turkey for the purpose of establishing a luxury restaurant or café.
-For villa with large space, it can be used as a shopping center or a mega mall.
-As for the residential villas, they can be rented to Arab and foreign tourists in the tourist seasons, especially when they enjoy a stunning and charming sea view or a view of a green space.
-Finally, you can only resell it after a period of time, thus guaranteeing a double profit return.
From the foregoing, we conclude that villas are a very distinctive type of real estate in Turkey, which provides excellent real estate investment opportunities. It is worth noting that villas are real estate whose prices are constantly rising, due to the increasing demand for them.
Third: Real estate investment through apartments in Turkey
This is the first investment option that many foreign investors aim for, and this is due to the high population density in Turkey, and the high tourist demand as well, and for this reason, apartments are the first thing that residents and tourists need.
You can invest in real estate in Turkey by buying an apartment, then renting it, and then obtaining an abundant profit return throughout the year.
During the tourist seasons, the prices of apartments and real estate in Turkey in general rise, and this is according to the theory of supply and demand.
You can also profit from apartments in Turkey by reselling them instead of renting them, and the Turkish real estate market guarantees you a high profit rate when selling your apartment.
Fourth: Investing in Turkey through a real estate development project
Here, we are talking about a large group of foreign investors directing their choice to buy a property from one of Turkey's old and dilapidated real estate, then restore and re-maintain it, and work on returning the building to a modern design.
This is a very good investment idea, in which the investor buys the property at a low and cheap price, then he can sell it after restoration at a high price, and then get a high and double profit return.
Fifth: Real estate investment through the purchase of apartments under construction
It is a facility provided to foreign investors by the Turkish government, in which the foreign investor buys an apartment under construction, and therefore has a much lower price than normal apartments.
This investment idea is considered preferred by a large number of foreign investors, as the price of the apartment after its construction increases by up to 70%, which means a high and good profit rate.
Other hidden advantages of investing in Turkey real estate:
There are some important advantages of real estate investment in Turkey, which not many people talk about, we mention to you as follows:
First: Many facilities by the Turkish authorities
and the government have provided a large number of legal facilities and regulations for foreign investors who wish to invest in Turkey's real estate, and these facilities include reductions in tax fees to be paid, and exempting investors from the value added tax.
Second: There are no restrictions on the quality of the property
Where you can invest in any style and type available in Turkey real estate, without any restrictions or certain conditions.
Third: Procedures and Steps for Real Estate
Ownership of Turkish real estate is characterized by being easy in the acquisition procedures, and this is not available in a large number of European countries, where there are a large number of steps and procedures that must be implemented first before owning a property.
Fourth: Turkey's real estate is under observation
The most important characteristic of the Turkish real estate market is that the market is under the supervision of the Turkish government, which guarantees the foreign investor full commitment to the required quality and standards.
The Turkish government was able to control the prices of the real estate market in Turkey by imposing the issuance of the real estate appraisal document, in which the value of the property is evaluated according to the characteristics and specifications of the property, a document that is extracted from a government agency in Turkey.
The most important tips when investing in real estate in Turkey:
Although real estate investment in Turkey is a safe investment by all standards, there are some tips and criteria that must be taken into consideration, as follows:
First: Verify the eligibility of the property seller
Here, the investor or buyer must be sure of the identity and eligibility of the seller of the property or the person authorized and responsible for selling it, in order to avoid any legal problems.
Second: Ensure that there are no legal problems related to the property
This includes making sure that the seller of the property is the only owner of the property, and verifying that the property does not have any legal issues, such as a mortgage or rent to someone else.
Third: You must visit the real estate location
before completing the purchase of a property in Turkey, or any other country, you must see the property in kind and on the ground, in order to make sure that the information you received about the property is correct, and also to make sure that the property is valid and suitable for the purpose for which you are buying it, such as housing, residence or work or the commercial project you want to implement in the real estate.
Fourth: Obtaining a property title deed
The title deed or "Tapu" of real estate is the legal proof that proves a person owns the property, and for this, it must be confirmed that it is extracted.
Fifth: Comparing the specifications with the title deed
After extracting the title deed, you must verify that all the specifications of the property mentioned in it match the real specifications of the property on the ground. It is worth noting, that the most important advice that can be given to every foreign investor coming to Turkey, is the need to use a trusted and guaranteed real estate company in Turkey, in order to avoid falling into any legal problems or errors, and to complete the real estate investment process smoothly and effortlessly.
Final comprehensive information on investing in real estate in Turkey:
Investing in Turkish real estate is one of the strongest and most important types of investment, and it has recently become a destination for major foreign real estate investors from all over the world.
Investment options in Turkey’s real estate vary between the following:
Hotel apartments
Residential apartments
Villas
Agricultural land
Ready-made buildings
Properties under construction
Whole houses
It is worth noting that the Turkish government provides great support to this investment sector, by making many decisions that will attract foreign investors, and the most important of these decisions and regulations are;
-The possibility of granting Turkish citizenship to a foreign investor through real estate investment, by buying a property in Turkey and fulfilling some conditions, which are that the total value of the purchased property is not less than 400,000 US dollars, and the property is not sold for a minimum of three years.
-The possibility of granting the foreign investor a renewable real estate residency, and also granting it to all members of his family, for a period of one year to be renewed throughout the duration of the property ownership.
It is no secret to us the strong role of the Turkish economy in the booming real estate investment market in Turkey, the importance of advanced and modern infrastructure, as well as the support of the Turkish authorities for this sector, all these factors made investing in Turkish real estate a golden investment step that many around the world are looking for.
In conclusion, it became clear to us that investing in real estate in Turkey in general is one of the best investment ideas, as it guarantees you a high profit and a very high safety rate in your investment process, and we hope that we have provided a full explanation and comprehensive information about the best investment offers in real estate Turkey.
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