Before you take a positive step to get a property in Turkey , you must be aware of the full specifications of this real estate investment in Turkey , and Turkey has several characteristics that distinguish it from other developed countries in all matters related to investment and buying real estate, and on top of these characteristics is Turkey's strategic location It is the link between Asia and Europe, in addition to the favorable climate spread in many Turkish states.
Learn about the advantages of real estate investment in Turkey
The advantages of real estate investment in Turkey differ from the rest of the world, which made it a destination for large numbers of investors in all fields, especially the real estate investment field.
The price of real estate in Turkey is cheaper than in Europe
Despite the availability of distinguished infrastructure in Turkey compared to Europe, its real estate is lower in terms of price compared to real estate in Europe.
Turkey enjoys a wonderful climate, a huge real estate market , and a promising economy, with many tourist and historical attractions that attract tourists from all over the world.
It also suits all budgets, in addition to many facilities and incentives that encourage investors if they add to the factors that attract attention.
The future of real estate investment in Turkey:
In the past decade, Turkey has experienced a boom in its real estate market due to a variety of factors, including increased tourism, a growing economy, and an increasingly urbanized population.
The future of real estate investment in Turkey looks promising as the market is still relatively undervalued and there is great potential for growth and for investors looking to get involved in the Turkish real estate market , now is the time to do so.
Ingredients for successful real estate investment in Turkey:
In order to ensure that you will get a profitable real estate investment , you must adhere to a number of conditions and terms that help your investment project reach the results that suit you, the most important of which are:
- The first and most important element to consider when investing in Turkish real estate is the location. Turkey has a variety of locations to choose from, each with its own advantages and disadvantages. The three most popular locations for foreign investors are Istanbul, Ankara, and Antalya.
- The next item to consider is the type of property you want to invest in and the most popular types of real estate in Turkey are apartments, villas, and office buildings. Each type has its own set of pros and cons that you need to consider before making a decision.
- The population of the city or town has to increase in order for there to be a possibility of capital increase.
- The property should be located in an area with high rental demand so that it is easy to find tenants.
- The site should have good infrastructure so that the property is easy to maintain and rent out.
- You have to make sure that you have enough money to cover the costs of buying and maintaining the property and these costs can include the purchase price.
- Another essential element of a successful is choosing the right type of property. For example, if you are looking for a property to generate rental income, an apartment in a good location will be a better choice than a villa in the countryside and on the other hand, if you are looking for a property to live in, a villa would be a better option than an apartment.
- It is important to surround yourself with a team of experienced professionals who can help you navigate the Turkish real estate market .
- Not all types of real estate are created equal and in order to maximize your return on investment, it is important to choose the desired type of property that will increase in value over time.
- Any successful real estate investment requires a solid business plan and this plan should include a detailed analysis of the market and competition and a clear strategy for marketing and selling the property.
- Get a mortgage pre-approved and compare interest rates from different lenders and be sure to consider all costs associated with the purchase, including taxes, insurance, and repairs/updates.
- When bidding on a property, start low, be prepared to negotiate, and be willing to walk away if the price is too high.
- All investments involve a certain degree of risk. When investing in Turkish real estate , be aware of the risks involved and make sure you are comfortable with them before making any decisions.
Advantages provided by the Turkish government:
The Turkish government has been interested in developing the real estate sector, and has given it many priorities, through several successful real estate campaigns over the past years.
Recep Tayyip Erdogan, President of the Republic of Turkey, made a special appeal during 2017 to revitalize real estate companies in Turkey by launching real estate promotion campaigns, and the best of these campaigns was the campaign to pay apartment amounts to 240 monthly installments!
This was a reason for canceling the interest completely in implementation of the decisions issued by the President of the Republic, and the payments that were previously paid to those who owned in installments were also canceled, and the percentage was withdrawn from 25% to 20%.
The value-added tax fell on foreigners and expatriates while they were buying the property, and the investor had the right to obtain residence in Turkey for him and all his family members in return for buying a property.
The Turkish government continued to provide the necessary facilities and tax exemptions to investors, in its desire to increase the volume of foreign flows to the country, and on top of these facilities was the exemption of value-added tax in Turkey, with regard to non-resident investors in Turkey.
The value added tax varies between 1% to 18% of the total real estate sales.
It should be noted that a foreigner who buys a property in Turkey for the first time will be exempt from paying the tax.
Thus, Turkey was able to revive the real estate markets in general, and encourage the foreign investor to buy larger numbers of real estate, due to the series of new decisions taken by the real estate sector, and the reductions and cancellation of interest rates it contains.
Opportunity to obtain Turkish citizenship:
The state of Turkey was able to develop real estate investment in it, and that was by linking it between two important things, which is obtaining Turkish citizenship in exchange for buying a property in the state of Turkey , provided that the property price is a minimum of 400 thousand US dollars.
What has increased Turkey’s weight to be among the best countries in the world for real estate investment is linking the granting of Turkish citizenship to owning a property worth $400, leaving the freedom to choose the type of property between an apartment, an office, a villa, or a shop for the investor himself.
The Turkish governments have given great attention to the matter, especially that large numbers of investors were able to obtain Turkish citizenship within only 90 days, and that was immediately after completing the purchase.
These laws and many other government facilities are a major factor in encouraging Arab and foreign investors to invest in Turkey in order to obtain citizenship and make a profit as well.
These decisions issued by the government regarding granting citizenship to real estate investors were the first reason to raise the percentage of investment in real estate in the state of Turkey, and the first goal of buying real estate became only the acquisition of citizenship, so nearly 40% of their investments became in order to obtain Turkish citizenship.
Distinctive opportunities in the Turkish real estate market:
The reason for the distinction that real estate enjoys in Turkey is due to the various offers offered by the Turkish real estate market, which depend mainly on the principle of the expansion of Turkish lands, the nature of its climate, and the strength of infrastructure.
This allows the investor to have several different real estate options inside the country, in addition to competition in prices, which creates growing ideas and different offers for real estate from east to west of Turkey,
This does not depend on the type of property, whether it is a commercial property,such as commercial offices, ، or residential, such as villas and apartments.
There is no doubt that the constantly rising market price of apartments in Turkey is due to a main reason, which is the increasing foreign demand.
Increasing returns
Investing in Turkish real estate gives a high investment profit, , based mainly on the booming tourism activity in Turkey, which appears at the time of the tourist seasons, and this is shown by the overwhelming demand for renting houses on the land of Turkey, . and these seasons are characterized by being distributed throughout the year, thus, tourism in Turkey is permanent and not intermittent, which draws attention to the fact that investing in real estate in Turkey can be very popular if it is properly studied, , due to the fact that it increases during the tourism seasons in Turkey, which gives investors huge profits, and a very good investment return . .
And what is most known about real estate investment is that it maintains the real value of the capital, and the value of the property can increase in most cases, until the annual percentage of profits from these investment returns, which are obtained by reselling or re-renting the housing unit, reaches 12% of the original value of the property. . .
In the case of long-term real estate ownership, the advantage of real estate investment returns in Turkey increases after years, and thus the capital also increases. .
Also, investing in Turkey is a safe investment and has a lot of constant demands, which makes the additional income from renting the property fairly stable.
Therefore, we must take care of two main factors, namely, buying real estate with competitive prices, and also investing in the ideal ways, and renting the property at a distinguished fee, and when selling it, the selling price must be better than the price at which it was purchased . . .
Why to choose zoom real estate company for a real estate investment trip in Turkey ?
– helping you finding suitable properties for real estate investment and obtaining Turkish citizenship.
– We offer extensive real estate services in Antalya, where we have
Villas for sale in Antalya with the most beautiful views in addition to all types of residential, commercial and hotel properties .
– Our services extend to various areas of Istanbul where you can find luxury properties for sale that meet your wishes.
– We have properties for sale in Turkey in installments .
– Investing in earthquake-resistant buildings in Turkey and ensuring the best service standards
So, dear reader, if you are interested in real estate investment in Turkey, you should consult real estate investment specialists, so that you can achieve the full benefit, we also hope that we have provided you with sufficient information about the advantages of real estate investment in Turkey .
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