The topic of real estate investment in Turkey is frequently mentioned in investment circles, and why is attention turning to investing in it and what are the reasons and incentives that make it a fertile investment environment? All of that and many questions on your mind will find answers in this article. In this article, we will detail for you everything related to real estate investment in Turkey and its types. Come with us to learn more about the topic of real estate investment in Turkey?
- Why real estate investment in Turkey?
- What distinguishes the Turkish real estate market?
- What are the most important reasons that encourage real estate investment in Türkiye?
- Which cities in Türkiye are most focused on by investors?
- Do I invest in properties under construction?
- Why invest in real estate in Turkey?
• Turkey is considered a center of attraction for Arab and foreign investors, as it has many investment opportunities. A group of investors is interested in working in the trade sector of all kinds and others are heading towards the industrial sector. The majority of Foreigner investors are attracted to investing in the field of Turkish real estate, especially the real estate market in Istanbul.
• In recent years, the Turkish construction sector has witnessed widespread growth and prosperity, and high rates of real estate purchases in Turkey by foreign investors have been recorded.
- What distinguishes the Turkish real estate market?
One of the most prominent features of the Turkish real estate market is that it is an emerging and strong market, and it is the second most active and strongest construction market in the world. Turkey ranks fourth among the top ten real estate investment sites in the world because of the components and infrastructure it possesses, and thanks to the large government facilities it provides to foreigners who wish to By ownership, Turkey's geographical location in relation to the world also plays a major role in making it a destination for foreign investments, as it is a gateway between the East and the West.
- What are the most important reasons that encourage real estate investment in Türkiye?
Real estate ownership laws in Turkey serve foreigners and encourage them to invest, the most important of which is obtaining Turkish citizenship by purchasing a property worth 400 thousand dollars.
• Turkey's geographical location helps attract Arab and European investors.
• Political stability in Turkey serves real estate investment there.
• The stable social environment in Turkey increases the reassurance of investors.
• The strong Turkish economy encourages delving into real estate investments in Turkey.
• The real estate investment market in Turkey is a competitive market.
• The close interconnection between investment fields in Turkey, such as industry, agriculture, real estate, trade, and tourism, all encourage investors to start their projects and encourage them to launch their investments.
• Turkey's solid infrastructure is also an attractive factor for investments.
- Which cities in Turkey are most focused on by investors?
The interest of foreign investors is focused on the city of Istanbul due to its important strategic location and being the economic capital of Turkey, in addition to its large population, which provides a wide segment of consumers and labor at the same time. The projects undertaken by the Turkish government in Istanbul also greatly affect the real estate market, such as Istanbul's third airport, which is considered the largest airport in the world, was recently opened, in addition to the new Istanbul Canal, which will become the largest project in Turkey.
• Real estate investment options are varied in Istanbul, as you can choose several types of apartments, such as:
• Hotel apartments: The hotel apartment system is quick to rent, since Istanbul is an important tourist city and tourists flock to it throughout the year. Therefore, choosing hotel system apartments will be successful. Most construction companies also give complexes with a hotel system a rental guarantee for several years with an excellent profit return.
• Office apartments: Office apartments provide a high profit return, and these properties are easy to rent and with a long-term contract, because the tenant establishes an office and headquarters for his work, and his stay there will last for years so that he does not lose his clients who are accustomed to the location of his headquarters.
• Investing in villas
• Villas in Turkey are among the most important successful real estate investments, as they can be used to establish small companies, kindergartens, or health centers. Villas in tourist areas can also be used to rent them out or to turn them into tourist restaurants or cafes. The prices of villas in Turkey are rising year after year. This increase is considered an incentive to buy it.
- Do I invest in properties under construction?
• Properties under construction are good investment opportunities. Therefore, we advise you to buy a property in projects under construction, as the purchase price is much lower than the price of the property after the completion of construction and construction work, and therefore the return from resale will be large, between 25% and 35%.
• Everything we mentioned in this article enhances real estate investment opportunities in Turkey and makes it one of the countries that attract investment in general. We also hope that we have reviewed all the questions that are on your mind.