Is Buying Property in Turkey a Good Investment in 2014?

October 10, 2023
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Owning real estate in Turkey is an additional income for the owners of a good broker as a gain from earnings and additional income from rent; Ownership of users according to different laws.

Some of the most common financial problems of owning real estate are: In real estate purchase and sale, title deed purchase and sale, collection and subjection of income tax under certain conditions, Real estate tax for real estate, in case of permanent and somehow real estate purchase and sale and VAT liability, necessary and perhaps possible income and tax in the previous year It learns to obtain information about the taxation of rental income, the rental status of the largest residence and workplace, with a specific tax return.

Before buying with a tax deduction in the disposal of the real estate, there are benefits in the sale of housing, which is mostly for educational purposes and after sales.

607 thousand in 2010, 708 thousand in 2011, 701 thousand in 2012 and 1 million 144 thousand in 2013 were sold. Some of these house sales are in the form of mortgage sales, and some are in the form of cash sales. In 2013, 456 thousand houses were sold under mortgage. For this reason, 40 percent of the ads were made on credit and 60 percent in cash.

While the number of houses with credit was 270 thousand in 2012, the number of houses with credit increased by 69 percent in 2013 and reached 456 thousand. Housing sales across Turkey broke a record with 1 million 165 thousand 381 units in 2014.

It is estimated that there will be at least 15-20 percent increase in house sales in 2015 compared to 2014. According to TUIK data, Istanbul had the highest share (19.3%) in house sales with 225 thousand 454 houses in 2014. According to the number of sales, Istanbul was followed by Ankara with 131 thousand 825 house sales (11.3 percent) and Izmir with 71 thousand 779 house sales (6.2 percent). The least sales were realized in Ardahan with 157 houses. Of the houses sold in Turkey in 2014, 389,689 were mortgaged and 775,692 were made in other sales types. In addition, 18,959 residences were sold to foreigners throughout Turkey in 2014. In 2014, Antalya ranked first with 6,542 houses, Istanbul with 5,580 houses, Aydın with 1,191 house sales, and Muğla with 1,051 houses. home sales.

The sum of banks’ housing loans;

While it was 42 billion TL in 2009,
58.8 billion TL in 2010,
73.2 billion TL in 2011,
85.1 billion TL in 2012,
In 2013, it was 109.8 billion TL.

In 2013, 21 out of every 100 residences were sold in Istanbul, 12 in Ankara, 6 in İzmir, 6 in Antalya and 4 in Bursa. Of the 233 thousand houses sold in Istanbul, 106 thousand were sold on credit and 126 thousand in cash. Of the 137 thousand houses sold in Ankara, 61 thousand are on credit and 75 thousand in cash. 72 thousand were sold in Izmir, 59 thousand in Antalya, 40 thousand in Bursa and 32 thousand in Mersin. The number of houses sold in Adıyaman was 183 and 63 in Artvin (16). Considering the 2013 and 2014 housing sales statistics published by TUIK, it is seen that the highest number of house sales were realized in the second half of the year and the sales peaked in December.

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