Is Turkey a good place for real estate investment
If you have purchased a property in the last few years, there will be a noticeable increase in the value of your property. While this increase is partly related to the floating values of the Turkish Lira against fixed currencies such as the EURO and USD, it is mainly due to the increased demand for properties in Turkey by foreign buyers.
As with any investment, it’s a good idea to consider all your options before making a spontaneous investment. Thus, it may be more attractive to move your business abroad and look at investment options. If you have made a firm
decision about investing, you may want to research the advantages, returns, and risks of real estate investment in Turkey.
While it is difficult to make a firm judgment about the rate and process of valuation of your investments, it is a fact that if you have recently purchased a property, your property will be worth more than the purchase price. However, the past performance of the investment does not guarantee future results, so it is recommended that you do some deep research before committing to purchase.
Except for the recent inflation, Turkey has one of the most stable economies in Europe, and the Ankara administration has been highly praised for its economic management during the recent fluctuating period. Due to the strong growth, experts predict that the value of investment properties in Turkey will continue to increase in the upcoming period. Real estate sales increased by 113.7% in December 2021, following the recent sharp decline of the Turkish Lira, making real estate cheaper in foreign currency.
It is an ideal holiday destination for citizens of Turkey, Europe, and the United Kingdom. In recent years, foreigners have been flocking to Turkey for worldclass treatments at advantageous prices due to their own country’s high cost of treatment. For this reason, health tourism also greatly contributes to the country’s economy.
Buying a home as an investment differs from buying a property for permanent living. If you purchase an investment property, it is useful to grasp all the tricks of real estate investment. Before investing in real estate, it is strongly recommended that you get the opinion of your financial advisor or experienced local real estate agent. You may need guidance on where to buy property for a high return on investment.
Three cities that can provide high investment value in Turkey are Istanbul, Bursa and Antalya. Istanbul is one of Europe’s largest cities, ideal for investment, and is considered one of the most beautiful. Thanks to its advanced airline network, it also offers easy access to European capitals or to many cities and countrie. This, foreigners will have the comfort of returning to their home countries easily in case of need.
Bursa is known as the “Capital of the Green” due to its carefully preserved natural beauties and cobbled streets in the historic residential areas of the city. Bursa also stands out in winter tourism with Uludağ, which is visited with
interest by local and foreign tourists.
Antalya is a Mediterranean city famous for its miles of sandy beaches and clear turquoise blue sea. Antalya’s airport provides connections to many international destinations, so it is possible to reach the city directly during the summer season when tourism is at its peak.
The Government of the Republic of Turkey grants residence permits to foreigners who purchase real estate in Turkey. This permit, which can be granted for a maximum of two years at a time, can be extended. In addition, if the necessary conditions are met, the right to Turkish citizenship can be obtained after five years of residence. This residence permit is granted to all family members (first-degree relatives, spouse, and children under 18). With this residence permit, the children of foreigners settled in Turkey can study in Turkey. Foreigners who have a residence permit in Turkey can find a job more easily and get a work permit. In addition, foreigners with a residence permit in Turkey have the opportunity to purchase motor vehicles, export furniture and vehicles, register with social security, and establish a company.
Turkey provides transportation to almost all countries of the world with its geographical opportunities and transportation infrastructure. Considering that you own a house in Istanbul today, it means that you will have the opportunity to reach 249 different cities in 110 countries by direct flight from Istanbul Airport. In addition, if we look at the opportunities provided by the geographical location, Turkey is one of the rare middle belt countries in the world that has 4 seasons. You will also have the chance to live a quality life in the country, which offers various opportunities in 4 seasons.
Turkey has all kinds of social opportunities, from sports to cultural activities, concerts and entertainment. The four corners of the country offer different possibilities. While enjoying the sea on the blue flag beaches in Antalya, you can enjoy skiing in Bursa Uludağ. You can also find the opportunity to participate in international festivals held every year in Istanbul. Millions of tourists come to Turkey every year in order to benefit from all these opportunities.
Affordable housing prices and exchange rate Turkey attracts thousands of investors from many parts of the world with its advantageous location. In addition to the natural and cultural beauties of the country, the fact that it offers affordable real estate also attracts investments. The rising exchange rate in Turkey in recent years offers advantageous and profitable investment opportunities for foreigners.
Developed real estate sector and modern residences They offer very luxurious and modern options to their buyers in Turkey’s real estate and construction sector, which has developed quite a lot in recent years. While most newly built residences have smart home technologies, almost all have luxury social amenities such as a swimming pool, spa, and gym. It is possible to have real estates that provide all these luxury opportunities at a more affordable price in Turkey compared to other countries and metropolises of the world.
Turkey is also an agricultural country due to its location and climate. It is possible to reach fresh fruits and vegetables in all four seasons in the country. For this reason, food expenses are very low in our country. Foreigners coming from abroad can lead a comfortable life in our country due to the exchange rate.
