Real estate in Turkey has recently been considered one of the first in the world to develop and prosper due to the incubating environment for real estate investment surrounded by legal legislation, facilities, procedures and laws guaranteeing the success of this type of investment, which constitutes a motivating factor for local and international investors to invest their money in real estate in Turkey.
The advantages of real estate in Turkey that made it the first in the world:
It is curious to learn about those features that made real estate in Turkey a destination for real estate investment by investors from all over the world:
A stimulating legislative and legal environment that guarantees the rights of owners and investors and gives them encouraging advantages such as residency and citizenship. The natural environment and the charming atmosphere make Turkey a lively destination for tourism investment from all countries of the world.
Real estate investment is generally considered one of the secured investments with the lowest risk rate that other types of investment encounter.
The huge amount of cash flowing into real estate investment in Turkey due to the safety factors that the capital is looking for.
One of the reasons for this investment attraction. Globally, real estate investment is witnessing remarkable growth and development, let alone if all the incentives in Turkey support this growth in this type of investment.
The Turkish government has set up an Investment Support Agency backed by a 12-language website to address investors from all over the world and attract them to invest.
There are no restrictions on those coming to real estate investment in Turkey. On the contrary, the Turkish government grants many facilities and stimulating measures such as tax exemption and reductions in customs duties, leading to exemption from them.
The Turkish government has provided investors with the opportunity to open branch offices of international investment companies, whether these companies are real estate or otherwise, provided that they are linked to the main company.
The high return on real estate investment in Turkey in light of all the fluctuations that any economy in the world is exposed to, real estate investment, especially in Turkey, remains fast recovering and reaps huge profits for investors in this sector, whatever its type in the commercial or residential field, you can easily notice the huge volume of real estate sales and purchases, as well as the large number of economic, commercial and residential projects agreed upon in the real estate market in Turkey.
Provide the appropriate conditions, from the infrastructure to the transportation network, to the various geographical locations in the heart of the city or in the suburbs, depending on the type of project. These projects are implemented by large, well-established and well-known companies at the global level, and we will talk about them in this article.
Types of real estate in Turkey:
There are many types of real estate in Turkey that attract foreign capital to reap high investment profits, and they can be classified as follows:
commercial real estate:
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 Turkey.
Residential real estate:
It consists of many types targeting all consumer groups in the diverse Turkish society, and these types include:
villas:
It is one of the types of luxury real estate widely spread in Turkey, which is suitable for housing and real estate investment by renting it during the tourist seasons and reselling it at a different price after adding some aesthetic modifications to it.
Penthouses:
This type of apartments is found 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 that God has given to this country without feeling embarrassed about penetrating privacy from the neighborhood, which constitutes a concern for conservative societies.
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 are suitable for large family members, in addition to the bathrooms and the kitchen. Usually, the two floors are connected by a staircase for ease of movement and movement between members of the same family, this type of apartment adds a lot of intimacy when the family gathers at one table, and it maintains privacy, as there are two floors that are 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 singles or small families and students coming to study to complete their educational attainment, so the 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 one of the most successful forms of real estate investment in Istanbul.
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 weapon double-edged, they give a feeling of superior comfort and luxury.
Tourist real estate:
They are tourist facilities such as hotels, villas, tourist apartments and all the surrounding facilities that provide various services to tourists, such as restaurants, cafes, health and entertainment centers, even cultural centers, stadiums and sports cities, all of which express huge investment opportunities in the field of real estate in Turkey.
Conditions for successful investment in real estate in Turkey:
An investor wishing to invest in real estate in a particular project must inform the relevant ministry of the type of project, whether it is agricultural, industrial, educational or commercial.
2. Taking into account bilateral trade agreements as well as international standards for real estate investment, especially that Turkey is always striving to improve the investment environment on its territory.
3. Reviewing the real estate registry to provide the investor with all the necessary information about the property before signing any contracts of a legal nature.
4. It is very important when buying a property in Turkey that the investor makes sure that the property is not mortgaged or subject to certain procedures that prevent its sale and thus hinder the investment process.
5. Choosing the real estate area is an important and basic condition in the real estate investment process. The real estate must not be in military areas or affiliated with security areas, due to the existence of a law prohibiting the sale of such real estate to foreigners.
6. The Turkish government has determined the area of the property included in the real estate investment, and its area should not exceed 30 hectares, in all Turkish regions.
7. The future of real estate investment in Turkey must make sure of the technical condition of the property if it is old and in need of many maintenance operations or if it is in good condition.
8. There is an important step to take into consideration, if you want to invest in real estate in Turkey, you should look for the right real estate agent.
Thus, we have taken a practical idea of the reasons behind considering real estate in Turkey among the first in the world in development and prosperity, which make investors accept it with a kind of boldness and a lot of safety.
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