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1. The Turkish real estate market is promising and of interest to international investors
The real estate market in Turkey includes many advantages that make foreign capital flow strongly, to make the best use of the real estate investments available in it, whether the investment is in residential real estate or commercial real estate, where the investor in the field of real estate gains many opportunities, allowing him to benefit from the advantages of investment real estate in Turkey.
Turkey topped European countries in selling the largest number of properties during 2021, with about 1.5 million, according to the data of the Turkish Statistics Authority, as the closest European country to it had recorded only 1.3 million properties.
2. Real estate prices in Turkey are cheap compared to Europe and other countries
Real estate prices in Turkey are described as significantly cheaper than their counterparts in Europe, with advantages in infrastructure, close to the structure of developed European countries.
Turkey’s real estate is suitable for all budgets, with many facilities and incentives that make real estate investment in Turkey an encouraging opportunity if these facilities are added to the various attractions that attract attention in Turkey. Such as a wonderful climate, a promising economy, a huge real estate market, and many tourist and historical attractions that attract Tourists from all over the world to come to it, all these make investing and residing in Turkey a profitable and ideal option by all standards.
3. Turkey’s strategic location as a meeting point between East and West
The location of Turkey in general – and Istanbul in particular – is a link between the continents of Asia and Europe.
When it comes to a vital location like this, it is not surprising that prices are constantly rising, which means an abundance of great and distinctive investment opportunities in real estate in Turkey.
The importance of real estate investment in Turkey was indicated by the increasing demand for it – especially by Muslim and Arab expatriates in Europe – as these investors found Turkey a safe place for them, in light of the political and economic turmoil that their countries of origin suffer from, in addition to the welcoming cultural and civilizational environment for investors in Turkey, which made it a suitable place to spend holidays, or to spend beautiful and comfortable retirement periods; This was also reflected in an increase in the demand for real estate in Turkey, and thus the continued fact that real estate investment in Turkey is profitable.
4. Investment opportunities in the Turkish real estate market are diverse
Investment opportunities in the Turkish real estate market are diverse, due to the wide area of Turkey and the diversity of its terrain and climate, which means that the Turkish real estate market offers multiple and varied opportunities and options. And this diversity is one of the most important reasons for the strength and distinction of real estate in Turkey. Which is due to the vastness of Turkey, and the different nature and climate of its cities. And the strength of the infrastructure means the multiplicity of real estate options in the country. In addition to the competition of its prices, which gives growing opportunities in the real estate of Turkey, from east to west, and from north to south. whether that real estate is commercial, such as commercial offices, shops, Or was it residential, such as villas and apartments.
Turkey’s provision of various real estate opportunities has been reflected in Turkey’s global leadership in investment value, according to a statistical study conducted by the British real estate agency “Knight Frank”, in which it dealt with the increase in house prices during the second quarter of the year 2022 in 150 cities around the world.
Where three Turkish cities topped the list of cities with the highest increase in house prices globally, as Istanbul ranked first among these cities with an annual increase of 184.9% in the second quarter of this year 2022.
While the Turkish capital, Ankara, ranked second after Istanbul, with an annual increase of 165.4%, followed by the state of Izmir in third place, with an annual increase of 150.9% during the mentioned period.
5. Turkey’s real estate is an ideal reserve against inflation
Real estate investment has an unmistakable advantage when compared to other investments. Namely, that real estate is one of the most loyal investments for its owner… Do not eat its capital by losing speculation, trade, or corruption of goods, and the pests of its destruction are few. in addition, the doubling of its profits is dependent on the quality of the selection of the real estate and its good management.
And in a report issued by the specialized real estate platform, Indexa, at the beginning of 2022. He reviewed a comparison between the increase in the investment value of residential apartments and the increase achieved by foreign currencies against the Turkish lira over the last two years, as apartments outperformed an increase of 132% over the dollar, whose value increased by only 97% during the same period, and also outperformed the euro, which It achieved an increase of 102% against the Turkish lira during the past two years, as well as the pound sterling, which increased by 121% against the Turkish lira, which means that Turkish real estate is one of the safest and most profitable means of financial hedging, due to its constantly increasing investment value.
6. The possibility of obtaining Turkish residency or citizenship through real estate investment
Among the most prominent addresses of Turkish attraction to Arab and foreign capital, which increased Turkey’s weight in being among the best countries in the world for real estate investment, we find the law of granting Turkish citizenship in return for buying a property for an amount of no less than 400 thousand. Whether the property is an apartment, an office, a villa, or a store, with reduced conditions, it’s considered a strong incentive, especially for those coming from unstable countries, to buy real estate in Turkey, even if this was accompanied by an increase in real estate prices in Turkey, which means the demand for real estate in Turkey remains, despite all circumstances.
The effects of allowing the granting of Turkish citizenship in return for buying a property have appeared on the rates of real estate purchase for citizenship among all transactions of foreigners buying real estate in Turkey, as more than one-fifth of the real estate investments of foreigners in Turkey for the year 2021, and about 40% of their investments to Istanbul real estate – to obtain Turkish citizenship!
