Investing in real estate in Istanbul is one of the investments that achieve large profit returns, as the city’s tourist character, solid city infrastructure, distinctive and low-cost lifestyles, and the strong Turkish economy all combine to attract more capital to the city of Istanbul.
Today we will talk about real estate investment in Istanbul, what are its advantages and why it attracts investors, and we will also take a quick overview of real estate prices in Istanbul.
Why is investing in real estate in Istanbul successful?
In the beginning, those with money are always looking for projects with a high investment security rate as well as a high profit rate over time, so what distinguishes Istanbul real estate is that its value increases day after day, and this gives the investor the desire to put his money and make profits in several ways, such as reselling or even renting. Due to the high demand for real estate in Istanbul.
If we look at Istanbul real estate, it is easy to notice that the city enjoys a strategic location between the two continents, in addition to the millions of tourists who visit it annually and the strong Turkish economy. The most important factor for the success of investment is the ongoing government facilities provided by the Turkish government to foreign investors.
In addition, real estate prices in Istanbul are low compared to real estate prices in European cities, and this is one of the
most important advantages that attract investors to the city
Government facilities in the field of real estate investment in Istanbul
Since 2021, the field of real estate investment in Istanbul has been taking an upward trend due to government facilities to attract investors from all over the world. 183 different nationalities have become able to own real estate in Istanbul, and in order to ensure more investments in its lands, the government has also announced the granting of residencies or even Turkish citizenship if they are granted Achieving the investment conditions you announced.
As for the government’s facilities in this field, they are:
Exempting foreign investors from value-added tax.
Allowing investors to own real estate through installments from the bank.
The possibility of granting loans to foreign investors to own a property in Istanbul.
Issuing a real estate evaluation document through which the investor can guarantee his right and obtain a real price evaluation of the property before owning it.
Granting the investor real estate residency and even Turkish citizenship.
The possibility of owning a property in Istanbul via the Internet without the need to come in person and according to a legal agency.
Conditions for investing in real estate in Istanbul
Although the government has provided many facilities in the field of real estate investment, especially in real estate investment in Istanbul, it has set some controls for this process, such as:
The investor's nationality must be among the 183 nationalities allowed to own real estate in Turkey.
The area of real estate allowed for investment in Turkey does not exceed 30 hectares.
The area of real estate owned by the investor does not exceed 10% of the area of its administrative region.
The best areas for real estate investment in Istanbul
After knowing the details of investing in real estate in Istanbul, you must know the best areas in which it is recommended to own real estate, which are:
Basaksehir
Bakirkoy
Bahcesehir
Beylikduzu
Kucukcekmece
Read also:
What is the difference between tourist and real estate accommodation in Turkey ?
