10 Benefits of Property Investment in Turkey

In recent times, Turkey has emerged as a shining star, basking in the spotlight due to the meteoric surge in its real estate domain. Transforming into an investment haven of unparalleled allure, the nation has garnered attention for its exceptional appeal. A plethora of advantages extend an inviting hand to foreigners, laying the foundation for a burgeoning realm of opportunity.

Nurtured by a tapestry woven with hospitality, inclusiveness, and a resolute cultural identity, Turkey possesses an innate ability to captivate the hearts and aspirations of those from afar. It's within this captivating embrace that the seeds of real estate investment are sown, fostering a dynamic market where visions and dreams converge to flourish.

According to the Turkish Statistical Institute, the number of houses sold in Turkey in 2020 was 1.499.316, a 11.2% increase from 2021 

In today’s blog, The Guide Real Estate presents the 10 benefits of property investment in Turkey that have attracted global investors to take an interest in the local properties. Let’s begin!

1. Competitive Real Estate Prices 

For those who've delved into Turkey's real estate realm, a notable truth emerges: prices here stand as a beacon of affordability, particularly when juxtaposed with the US and European counterparts. Yet, this financial advantage doesn't come at the expense of quality. Instead, it unveils a realm where properties gleam with splendid value, embodying a standard of development akin to their European counterparts. 

With how dynamic the market has become, Turkey has something for all budgets. 

The presence of historical landmarks, tourist spots, natural wonders, and a prospering real estate sector makes people from around the globe want to acquire permanent residency here.

2. Developments in the Economy

There is no doubt that the Turkish economy is developing at an unparalleled speed and witnessing stable growth.

According to Investopedia, Turkey is the 19th largest economy in the world. 

The flourishing growth within the real estate sector owes a substantial debt to the steadfast support of the Turkish government. With a resolute commitment, the government has unfurled a tapestry of campaigns aimed at fortifying the foundations of the real estate domain.

For foreign investors, a compelling avenue now emerges: the option to procure apartments through staggered installments spanning several months. This financial flexibility beckons, fostering a climate of accessibility and empowerment.

Evident strides in construction and infrastructure further catalyze the nation's economic evolution. Turkey's robust focus on enhancing its infrastructure, marked by the construction of impeccable roads, sturdy bridges, and more, stands as a testament to its unwavering dedication to progress.

As a result, investors can find the best properties in highly developed and modern areas for economical prices. 

3. Investment-Friendly Conditions

The Turkish government has made considerable efforts to ease the process of buying property in Turkey. Foreigners can now purchase property in Turkey without paying any value-added tax.

Investing in Turkey can also get the foreign investor, their spouse and children's residency permits. 

Moreover, the entire property purchasing procedure is fast and uncomplicated.   

4. Key Geographical Location

Nestled at the crossroads of Asia and Europe, Turkey claims a pivotal position that births a harmonious fusion of cultures, birthing an inclusive and vibrant tapestry that resonates with dynamism. This strategic junction transforms the nation into a coveted haven for investors hailing from Asia, Europe, and the Arab regions.

Turkey's diplomatic bonds with numerous Asian and European counterparts stand as testament to its welcoming embrace, where the doors remain open to foreigners without bias or discrimination. In this realm, cultural exchanges flourish, and the allure of a nation unifies the aspirations of those from near and far.

5. Earn Through Resale 

Investing in Turkish real estate not only secures a place to call your own but opens a door to potential income streams through resale. Over time, property values have consistently appreciated, with recent surges in foreign investments propelling demand even higher. Those who ventured into property ownership years ago now reap the rewards, selling their holdings at significantly elevated price points and reaping profits through astute resales.

6. Outstanding Return on Investment

Purchasing in a ready project presents an enticing avenue, allowing you to promptly secure a tenant and transform your investment into a steady income stream. Simultaneously, ventures in progress offer an alluring path towards multiplied returns. As these projects near their completion, the potential for up to a 30% profit surge upon resale awaits savvy investors.

At The Guide Real Estate, we stand as your partner in unlocking the full potential of your real estate investment. Guided by your preferences, we diligently match your property with reputable tenants. With a vigilant eye on maintenance and upkeep, we ensure the property retains its pristine allure, optimizing profitability for the owner. Your investment flourishes under our watchful guidance, yielding high returns while maintaining the property's impeccable charm.

Whether you choose to renovate your property, rent it out to tenants, or live in it, The Guide Real Estate will be by your side to help you do it the right way.

7. Ever-growing International Tourism

Undeniably, Turkey stands unrivaled as a preferred holiday haven for diverse nationalities. The allure of its resorts has woven an enduring bond with visitors, making it a cherished sanctuary for family vacations.

With a resolute focus on bolstering the tourism sector, the government endeavors to harness this allure, channeling it into a revenue stream for the nation. A growing trend sees tourists seeking to rent properties during their stay, offering a promising avenue for property investment.

For those contemplating a strategic leap into Turkey's real estate realm, the moment holds promise and potential. As the stars align, the time is ripe to seize the opportunity and set forth on a journey that intertwines investment with the nation's timeless allure.

8. Massive Selection to Choose From

Turkish Real Estate is constantly expanding. Every year, you see new residential and commercial buildings, houses, villas, mansions, penthouses, etc. This is also one of the major benefits of real estate investment in Turkey. 

You get everything from projects that are for rent, ready to be sold, still under construction, etc.

No matter what city in Turkey you want to buy property in, you can quickly get what you are looking for without compromise. 

9. Get Citizenship Through Property Investment

Among the alluring advantages nestled within property investment in Turkey, lies a remarkable gateway to Turkish citizenship. This coveted privilege extends its embrace not only to investors themselves but warmly envelops their spouses and children under 18.

The path to citizenship unfolds through a threshold: a minimum investment of USD 400,000 in a Turkish property. This key unlocks a world of possibilities, where the realms of investment and citizenship seamlessly converge, inviting foreign buyers to forge a lasting bond with the nation's heart and heritage.

Please read our detailed post on Turkish Citizenship by Investment. 

10. Top-of-the-line Facilities

Investing in Turkish real estate grants you more than ownership—it unveils a portal to a realm of sophistication and modernity. Within the embrace of newly developed housing complexes, a tapestry of amenities unfolds: sports centers, playgrounds, saunas, ample parking, and unwavering round-the-clock security.

In addition to having the most reputable residential and commercial projects, Turkey has the best health and transport facilities.

Health Facilities

Turkey has many prestigious hospitals with the most capable staff and international standard equipment. Medipol Mega University Hospital, Acibadem Kadikoy Hospital, and Antalya Anadolu Hastanesi are some notable ones.

Transport Facilities

You also get top-grade transport facilities to benefit from. These include ferry boats, taxis, inter-city buses, metro buses, rail systems, etc.

Education Facilities

Turkey boasts a stellar educational framework, a gift embraced by foreign families residing within its borders. Moreover, a plethora of international educational institutions grace this landscape. Notable among them are The British International School, TED Bursa College, and Gokkusagi Schools, each weaving a global tapestry of knowledge and learning, enriching the educational landscape for those seeking diverse and enriching experiences..

Conclusion 

Beyond the realms already explored, the climate of Turkey and its congenial quality of life exert an irresistible allure on Arab and European nationals, beckoning them to embrace this nation as their cherished abode.

The path of property investment in Turkey, journeyed by many over the years, bears testimony to its profound advantages. A landscape where risk dwindles to naught, and rewards flourish aplenty, awaits foreign buyers who seize this opportunity. A tapestry woven with climatic comfort and enhanced quality of living unfolds, while the realm of investment stands as a resolute testament to the nation's steadfast commitment to prosperity and growth. 

At The Guide Real Estate, we would be happy to extend our services to help you find your dream project to invest in. 

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