Turkey is one of the most important countries in the world in terms of investment in general and real estate investment in particular, as it enjoys factors that together lead to the success of the investment process

Table of Contents:

Is real estate investment in Turkey the best in the world?

Factory factors for the success of real estate investment in Turkey

Provides financial flow
New planning
Legal issues
Real estate taxes

Advantages of real estate investment in Turkey

Economic growth rates

Increasing property value

Increasing demand for the Turkish real estate market

Government facilities for foreign investors

Turkish citizenship through real estate ownership

Is real estate investment in Turkey the best in the world?

In fact, it cannot be said that real estate investment in Turkey is the best in the world.

But we can say that Turkey is on the list of the best real estate investment countries.

Rather, it is at the forefront of investment countries, competing with major global real estate markets

such as Dubai real estate, Riyadh real estate, London real estate, New York real estate, and others

This is due to the attractive factors and advantages of real estate investment in Turkey for international investors.

Facts for the success of real estate investment in Turkey:

Several major factors have made Turkey one of the best real estate investment countries in the world.

Thus, the success of the investment process and the achievement of investment returns ranging from medium to excellent for the benefit of the investor.

These factors are:

Provides a cash flow:

Real estate investment in Turkey generates cash liquidity by owning and investing in a property in Turkey.

This is done by reselling it after a period of time that ensures an increase in the value of the property or renting it and collecting continuous monthly rental returns.

New planning:

It is necessary to study, plan, and give sufficient time before starting the investment process.

Therefore, it is recommended to cooperate with a reliable real estate consultant in Turkey

and to review the reality of the Turkish real estate market from regulations, laws, and regulatory conditions.

In addition to the pros and cons of real estate investment and the best areas for real estate investment in Turkey.

Then a clear methodology and several steps were developed to ensure building a successful real estate investment in Turkey

Legal issues:

Legal issues must be taken into consideration.

Where the status of the property and its legal safety must be inquired about

In terms of the availability of the required licenses for construction.

Up to the presence of a real estate title deed that guarantees the transfer of real estate ownership to the buyer.

In addition to the absence of obstacles or reasons that lead to immediate or future legal problems.

Real estate taxes:

Among the accounts that the investor must estimate are real estate taxes.

Despite their diversity between property transfer tax, value-added tax, and other monthly and annual taxes.

However, they remain much lower compared to real estate taxes in Europe, for example.

As the property transfer tax or fees in Turkey do not exceed 4%.

The real estate transfer tax is only 1% for properties with an area of less than 150%, and 18% for properties with an area of more than 150 meters.

It is worth noting that a tax exemption from the value-added tax can be obtained for a foreign investor under certain conditions.

There are also properties exempt from the title deed tax, which are those located in areas of reconstruction and urban rehabilitation in Turkey.

Advantages of real estate investment in Turkey:

Real estate investment in Turkey enjoys several advantages that have formed real incentives for those wishing to invest in real estate and achieve high returns on profits. These advantages are:

Economic growth rates:

The Turkish economy continues to grow at an increasing rate.

The Turkish Statistical Authority announced that the country's economy will grow by 4.5% in 2023.

Some forecasts indicate that the first quarter of 2024 (its numbers have not yet been announced) will see a growth rate of 2.8%.

Despite the economic crises that Turkey has been suffering from since 2018, through the Corona phase between 2020 and 2021, the Turkish economy has maintained its growth.

It is worth noting that Turkey is a member of the G20 group of the world's most powerful economies in terms of GDP per capita.

Increased real estate value:

Looking at the last five years, the value of Turkish real estate has increased by more than 200% of its value.

This is due to many factors, including the decline in the exchange rate of the Turkish lira, the rise in the inflation index, and the increase in construction costs and prices.

The numbers continue to rise year after year, leading to growth in the profits of real estate investors in Turkey.

Increased demand for the Turkish real estate market:

The demand for Turkish real estate is increasing, whether through ownership or rent.

This is in order to accommodate the desire for housing or trade.

By owning or renting an apartment in Turkey, an office, or a commercial store.

In the world of trade, supply and demand is an important measure of the rise or fall in the value of the product.

Government facilities for foreign investors:

Turkey supports foreign investors in every way.

The Investment Office in Turkey affiliated with the Presidency of the Republic of Turkey is a real representative of direct support for investors.

The forms of support include tax exemption, simplification of routine procedures, and removal of bureaucratic obstacles.

In addition to granting residencies in Turkey such as real estate residency, commercial residency, investor residency, and others.

Turkish citizenship through real estate ownership:

Granting Turkish citizenship through real estate ownership or investment constitutes the largest government support for foreign investors.

The condition of the Turkish citizenship law through real estate investment is to purchase a property worth no less than $400,000 and keep it for 3 years.

This number is much less than the investment amounts stipulated in several European countries to grant their citizenship.

The conditions for Turkish citizenship are also very simple and guarantee granting citizenship to the foreign investor, his wife, and his children under the age of 18.