The investor can get a lot of advantages when he/she chooses real estate investment in the state of Turkey, so Turkey has become a destination for Arabs and foreigners, and this has become clear in recent years, as the Turkish real estate market has grown and flourished in an unprecedented way, which caused a remarkable annual increase in the properties that were sold to foreigners, and this is conclusive evidence of the progress of the Turkish real estate market.
Through this article, we will provide you with sufficient answers about this question, What do you know about the secrets of the real estate market in Turkey? And that was asked by many foreign and Arab clients.
Some information about the real estate market in Turkey:
The Turkish real estate market enjoys a strong attraction due to the availability of all the advantages, which has made it always at the forefront among the world's attractive countries for real estate investment.
Turkey has been characterized by successive leaps and inflation in population growth rates, and the high average income of the population as well, which has caused the population to improve their standard of living and raise their aspirations to buy a better home.
What advantages does the Turkish real estate market offer to investors:
As we have already mentioned, the Turkish real estate market lives in periods of recovery and vitality, achieving many successes in short periods of time, the reason why it occupies a prominent position among all countries of the world, which encouraged many Arab and foreign investors who wish to achieve the highest profit rates from Investing in real estate, and the strong demand and determination to own real estate in Turkey, so we decided to offer you the advantages that the Turkish real estate market gives investors in the following lines, follow us.
Low real estate prices in Turkey:
Turkey's real estate is clearly cheaper than the real estate in Europe, despite the development of infrastructure in Turkey in a way that is compatible with the infrastructure of European countries, as well as the availability of many attraction factors that play a key role in attracting attention to the real estate market in Turkey, which is represented by a large real estate market, a successful economy, a moderate climate, and many archaeological and tourist attractions that attract tourists to it, causing real estate investment in Turkey is a perfect choice for everyone.
The climate in Turkey:
Turkey enjoys a large number of basic factors, a picturesque nature, and a moderate climate throughout the year, as well as a ancient history that raises its position among the countries of the world and gave it a distinctive privacy, different from other countries of the world.
Social customs and traditions:
Turkish society adheres to the customs and traditions that combine Western culture, morals and Arab values. The customs and traditions in Turkey are similar to the customs and traditions of Arab countries, which raises confidence and a sense of security for investors when they wish to invest their money in the real estate market in Turkey.
Low tax rate:
The Turkish government has recently issued a series of decisions related to reducing the tax rate on real estate in Turkey, which had a great impact in motivating foreign investors and encouraging them to buy real estate in Turkey, and this decision was reflected positively, which contributed to the prosperity of the Turkish real estate market.
Investment returns:
Real estate investment achieves a profitable return, due to the tourism development in Turkey, which flourishes in the tourist seasons of the year, to appear in its best form in renting homes, which makes a lot of profits throughout the seasons in which tourism thrives inside Turkey, making an excellent investment return.
Real estate residency in Turkey:
It has become the right of any person, regardless of his Arab or foreign nationality, to own real estate in Turkey, provided that the price of this property exceeds 400,000 US dollars, with the need to get a real estate residency that is renewed every year, and this real estate residency becomes a right of the owner, his wife and children, under the age of 18.
Low living costs:
One of the best and most important reasons for ensuring a good residence opportunity in Turkey is the availability of the basic necessities of life such as transportation, health and education, in addition to the low cost of living in Turkey if we compare it with European countries and many other neighboring countries, and there is no doubt that the availability of medical and treatment services at cheap prices compared to all European countries is one of the main reasons that made the demand for them so high, and gave the Turkish medical sector unprecedented prosperity and interest.
Turkish citizenship:
During the recent period, the Turkish government issued several decisions that would amend the Turkish Nationality Law, and amend the decisions related to getting citizenship to those who own real estate, and it can now be obtained in exchange for buying a property for the amount of 400 thousand US dollars, and this was an exceptional opportunity of the first degree, and it cannot be to underestimated its importance, and this decision did not concern investors from one country only, but also included all citizens in most countries around the world, and it was not restricted to getting citizenship only for the owner, but rather expanded to include all members of his family.
Real estate market developments in Turkey during the coming periods:
In the coming times, the Turkish real estate market may witness a huge increase in real estate, the results of which may be reflected in the profits of investors, achieving a significant increase in profitability.
All economists in Turkey expect that Istanbul will continue to be the first among Turkey's cities selling real estate, then Antalya will follow, for several important reasons, including its touristic position, followed by Ankara and Izmir.
In addition, Turkey was able to compete for the fourth place as one of the ten best sites in terms of real estate investment in the world, due to its possession of advanced components and infrastructure, as well as the role of the government and what it offers in terms of facilities for foreigners wishing to own real estate.
Turkey is characterized by a geographical location that made it a destination for foreign and Arab investments, in addition to its distinguished location between East and West.
The best types of real estate investment in Turkey:
Recently, the focus of foreign and Arab real estate investors is focused on the search for apartments, villas and shops in Turkey, and as we mentioned, the main reason for this is Turkey's strategic location as the first capital of the economy, as well as the significant increase in its population, and the infrastructure affects the real estate market in Turkey, in an exaggerated way, which is represented in Istanbul's third airport, the largest airport in the world, as well as the new Istanbul Canal.
From here, it becomes clear to us that the real estate market in Turkey is directly affected by several main and important factors that we have mentioned in this article, and do not forget that a lot of information about this topic can be found out by constantly visiting our website.
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