An overview of the real estate market in Turkey
The Turkish real estate market is considered one of the most important real estate markets in the world, based on the many components that it possesses and that made it the current image that it is characterized by. The real estate market in Turkey is on the path of prosperity and excellence, and this is what made it the focus of the attention of many investors around the world, as they were fully confident of the results that they would obtain. If you want to know everything related to this market and the reasons that contributed to its prosperity, you will have to read the following lines.
The economy plays a big role in the success and distinction of the country, as it is the first engine and the main element. Therefore, the Turkish government pays special attention to it and strives to make it more advanced than that, and it is expected to record in the coming days a growth of 8%, and this is a safety indicator for many . It is important to realize that stability in Turkey was not only at the economic level, but also at the political level.
Turkey real estate is a way to obtain Turkish citizenship:
What distinguishes real estate in Turkey is that it is possible to obtain Turkish citizenship, which in turn has many positives and advantages, and it is the easiest way to obtain it, as it is only required that the price of the property be 250 thousand US dollars with a pledge not to sell it before 3 years have passed since the date of purchase. If the property does not comply with the conditions for obtaining Turkish citizenship, it is possible to obtain a real estate residence permit, which is a legal way to live in Turkey, and it is also one of the best other residences due to the possibility of renewal.
The Turkish real estate market is rich in options:
This is one of the first reasons that motivated investors to make Turkey their investment platform. Among the most prominent choices they prefer to choose are the residential complexes that have many advantages and are suitable for housing and for investment, in both cases the results will be distinctive. There are also villas, as they are an option for many who are looking for distinction, privacy and spacious spaces. The Turkish real estate market is also rich in commercial and tourist properties such as hotels/restaurants/offices/shops, malls, etc.
Attention from the Turkish government:
We see that the Turkish government stands side by side with investors in Turkey, and one of the most prominent things it provided to them is tax cuts, which are a concern for many real estate owners, and it also allowed ownership in simple steps, so this became possible in a short period of time. It is important to point out that the Turkish government is supervising the progress of the construction of real estate projects that are still under construction, thus preventing the property from being of low quality or not conforming to international construction standards.
It is a key factor that made the real estate market in Turkey a distinctive investment destination. The geographical location in the middle of the continents of the world comes in solidarity with the distinctive sea view.
Real estate prices in Turkey are cheap when compared with other countries, and this feature comes together with high quality and luxurious specifications, and thus the real estate market in Turkey was a serious competitor in the world.
Turkey is characterized by having a tourist nature: Each year, Turkey receives huge numbers of tourists who work to move the real estate market because of their urgent need for real estate to reside in during their stay, so there is nothing better than investing in hotel apartments, hotels or real estate that are located near the tourist and vital sites.
Based on all of the above:
The most popular nationalities for real estate ownership in Turkey are Iranian, Iraqi, and then Russian, and Arabs in general put it at the top of their list for many reasons, including the fact that it bears the Islamic character and the convergence of customs and traditions between the two societies.
This was only a comprehensive view, and if we look closely, we will find more features and secrets that had a role in making Turkey a special destination for everyone looking for housing and stability, for everyone looking for real estate investment, and for everyone looking for Turkish citizenship as well. Is the real estate market in Turkey ideal?
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