On the latest developments in the real estate market in Turkey, which were recently circulated in the official newspapers and the electronic press, we begin the article.. These are really important developments for owners of capital, investors and foreigners who wish to harmonize with Turkish society and coexist with it for long periods of time within the real estate investment system in Turkey, which is growing and prospering .
The latest important developments in the real estate market in Turkey
Some amendments to the Turkish naturalization law through real estate investment were recently circulated, as the Turkish government took a step to select owners of huge capitals to engage in the investment process in the Turkish real estate market, The Turkish government issued a decision to raise the minimum price for the property to be purchased to 400 thousand US dollars and above as a prerequisite for obtaining Turkish citizenship by buying a property in Turkey, with the accompanying conditions remaining regarding this property, which is not to sell or invest it before the lapse of three whole years since buying this property, and here the investor must realize that he must freeze this amount of money for three consecutive years before he can recycle it and collect the return on investment on this amount, there must be a strategic goal motivating to take the step, knowing that real estate investment in Turkey is in continuous development and continuing its successes, after the lapse of the three years, soon the investor can start collecting profits, taking advantage of the expected price difference after the lapse of this period and for the benefit of the investor. The high price of the same property will give him a fabulous investment opportunity with a high profit margin.
Types of real estate traded in the real estate market
Penthouses:
This type of apartments is located in high-rise buildings and skyscrapers and on the upper floors of them and extends over an entire floor area. It is characterized by external glass facades that make you overlook the outside world and enjoy the beauty of nature without feeling embarrassed to penetrate privacy from the neighborhood, which is a concern for conservative communities.
Duplex apartments:
These apartments are the ideal choice for large families, or they can include more than one family, so it is comfortable for them in terms of space and in terms of facilities. It usually consists of two floors, each of which includes many bedrooms that fit the number of family members. In addition to the bathrooms and the kitchen, the two floors are usually connected by a staircase for ease of movement between members of the same family. This type of apartment gives a lot of intimacy when the family gathers at one table, as it maintains privacy because there are two floors served with all the necessities.
Butterplex apartments:
Butterplex apartments consist of three floors instead of two floors, and they are in terms of arrangement, extension and service in the style of duplex apartments, meaning that each floor is fully serviced in terms of bedrooms and facilities, as it is suitable for larger families in terms of the number of individuals.
Studio apartments:
Just as the Turkish real estate market meets the demand of large families by securing suitable apartments for them, this market also meets the demand of individuals, small families and students coming to Istanbul to complete their education, فhe studio apartment consists of one room with the kitchen. You cannot imagine the huge demand for this type of real estate, so real estate investment in it is a successful and profitable form of real estate investment in Turkey.
Smart Apartments:
The entire world around us has become almost completely dependent on artificial intelligence and technology, and smart homes are the ones that rely on technology completely and are managed and controlled through an application that is downloaded to the mobile phone to control all devices in the home with one touch on one of the icons of this application, technology is always a double-edged weapon, it gives a super feeling of comfort and luxury, but if after a while you feel the accumulation of fat in the front of your abdomen to become spherical due to lack of movement, do not blame yourself then.
Commercial offices:
It is the real estate dedicated to various businesses and commercial activities, which are usually located in major commercial centers and famous malls. Real estate investment in commercial offices is one of the most successful forms of real estate investment in Istanbul.
Tourist real estate:
Tourist real estate in Turkey is prepared for real estate investment in the tourism field, which is one of the most popular, growing and prosperous investment sectors. Real estate investment returns in the tourism field are the most profitable at all and it has a distinction in terms of location near the sea coast or within nature reserves to enjoy the charming and diverse views.
Historic real estate:
Historical real estate in Turkey is a symbol of luxury, civilization and beauty. It is nice to live these feelings again in the atmosphere of these properties such as villas and luxury apartments, even if they are very expensive and are in high demand by princes and kings in the Arabian Gulf.
Advantages of buying a property in Turkey
1 - Obtaining real estate residency, once you obtain real estate residency, your property will be subject to a reduction in real estate taxes usually imposed on real estate compared to the rest of the world.
2 - Real estate prices in the Turkish real estate market are somewhat stable, given the economic fluctuations in the countries of the world in general, and the Turkish economy in particular, due to its proximity to the scene of hot events, which encourages expatriates and investors to buy a property and obtain real estate residency.
3 - Real estate residency for its holders achieves a kind of living stability in Turkey, as most of the peoples of the region have gone through difficult conditions that lack stability and enjoy a normal and legal life, as it is an annual residency.
4 - Real estate residency in Turkey provides an important opportunity for those who obtain it, which is to move to the next and most important step, which is obtaining Turkish citizenship.
5 - The citizenship law in Turkey states that the holder of a real estate residence permit can obtain Turkish citizenship, provided that the property price is not less than 400 thousand dollars.
6 - After obtaining Turkish citizenship, the life horizon of the holder will expand and he will be able to freely move outside the country and enjoy the benefits of obtaining Turkish citizenship.
7 - One of the advantages of Turkish citizenship is to obtain free benefits in educational institutions with high-quality educational service that are widespread in Turkey, as well as in health centers that provide free services.
8 - The possibility of achieving a high return on real estate investment by renting these properties and obtaining a fixed income or selling them after a period of three years.
9 - Ease of obtaining papers, documents and official documents necessary for many transactions such as proof of marriage - obtaining a passport - a family statement...
10. Increasing employment opportunities in all private and public sectors, including institutions and organizations affiliated with the Turkish government, and helping it to overcome the obstacle to obtaining a work permit.
11. The possibility of traveling to the five continents of the world at a rate of one hundred and twenty-one countries and without a visa, of course, according to the agreements concluded between the Turkish state and various countries of the world, with the possibility of working outside Turkish territory at high wages.
12. Ease of integration into Turkish society, which is one of the obstacles facing the Syrians in Turkey.
13, Allowing real estate ownership in Turkey, which is prohibited for Syrians without obtaining Turkish citizenship.
14 - Obtaining scholarships at EU universities for students with Turkish citizenship.
15 - Enjoying all the political, civil, social and economic rights guaranteed by the Turkish constitution to Turkish citizens from the right to vote, to run for office, to hold public jobs and to work, to own real estate and cars, and to move freely within Turkey.
The horizon is open, the options are varied, and the features accompanying the latest developments in the real estate market in Turkey give hope in the long run and put in the investor's mind a clear picture of the future of real estate investment in Turkey.
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