Real estate investment in Turkey
has become one of the common goals of many people around the world, and the reason for this is that the Turkish government has provided them with many privileges, and do not forget that their access to abundant profits and returns is guaranteed.
The editorial team at Tamam Lama Real Estate has prepared this report for you, through which it will inform you about everything related to real estate investment and will highlight the many advantages that you will get.
THE IMPORTANCE OF REAL ESTATE INVESTMENT IN TURKEY:
In your opinion, what are the motives that encourage a foreigner or investor to choose Turkey as a field to establish his investment business, rather than other countries in the developed world, such as European or American countries, for example?
Through the following paragraphs, we will talk about this aspect in detail and broadly.
1 - THE ACCELERATING GROWTH OF THE TURKISH ECONOMY:
The Turkish economy is one of the most important economies in the world and is expected to achieve great progress in the coming years, outperforming many important economies around the world, thanks to the young population on the one hand, and thanks to the strategic plans set by the Turkish government, which made it grow rapidly.
2 - AN EXCEPTIONAL STRATEGIC LOCATION:
Turkey has a wonderful geographical location and is considered the lime that connects the Middle East, Europe and Africa, which makes it the destination for every investor who wants to achieve high profits, as he can link his business and investments located in Turkey and other countries, which enhances his chances of obtaining returns and achieving success.
Do not forget that Turkey spans two continents at the same time (Europe and Asia), which made it combine Western and Eastern character together.
Did you know that there are four seas in the Turkish state and they are (Black Sea - Mediterranean Sea - Aegean Sea - Marmara Sea).
3 - REAL ESTATE TAX DEDUCTIONS:
Perhaps one of the most important reasons why the investor chooses Turkey is the large tax cuts approved by the Turkish government, which aimed to attract the largest possible volume of investors and foreign capital, for example, exempting them from the value-added tax in addition to other reductions, which allowed them to have a wider opportunity to obtain profits and save money.
By doing so, Turkey has violated most of the European countries that impose harsh conditions that stand in front of the buyer's desires to own property on their land, and that their taxes are very high.
4 - ACQUISITION OF REAL ESTATE RESIDENCY:
What you do not know is that real estate residency
is one of the most important types of residency in Turkey and can be easily obtained and renewed annually as long as the foreigner owns the property.
One of the conditions that you must fulfill in order to obtain this citizenship is that the price of the property is not less than 75,000 US dollars, as well as the property must be intended for housing, and there are no other conditions related to its size or specifications.
5 - APPLYING FOR CITIZENSHIP:
One of the most prominent motives that encourage foreigners to invest in real estate
is that their chance of obtaining Turkish citizenship
is great through it, as it is only required that the price of the property be four hundred thousand US dollars, and it must also be kept for at least three years.
You certainly know that the amount of benefits that you will get through this citizenship is very large for you and your family members, the most important of which is the enjoyment of full Turkish citizenship rights, in addition to submitting an application for a Turkish passport
6 - SECURITY AND POLITICAL STABILITY:
In contrast to many countries around the world, the Turkish state is witnessing political and security stability, and this is what made it an important alternative to the countries of the Middle East for a large group of investors, especially the Arab Gulf investors.
In the context of talking about the most important advantages of real estate investment in Turkey
, let us point out a very important thing, which is that the Turkish government abolished the law of reciprocity and foreigners, regardless of their nationality, can buy real estate in Turkey.
Also, the development of infrastructure and the presence of many strategic projects was in the interest of the investor, as the real estate or the areas that are close to it have higher prices than the areas far from it. Add to your information that their prices are constantly increasing.
Among the most prominent infrastructure projects available in Turkey are:
- Istanbul's new airport
, which is considered one of the largest, most modern and developed airports in the world.
- Public transportation lines, which helped to solve the problem of congestion and high population density.
- Basaksehir Medical City, which is the third largest on the European continent.
- Bridges - tunnels - universities - hospitals - public parks and others.