Why Has Turkey Become Popular in the Real Estate Market?
Turkey is a great place for property owners because of its beautiful nature, strong cultural identity, beautiful scenery, and huge investments in infrastructure. However, as with any real estate market in the world, knowledge is key to making a wise investment. In this blog, let’s see how the real estate market in Turkey is evolving towards key investment areas and how to ensure that your real estate purchase adds value to your portfolio.
Turkey is located at the crossroads of three continents – Europe, Asia and Africa – and therefore plays an important geopolitical role. Turkish companies have access to markets in Europe, the Middle East, North Africa and Central Asia, offering strong business opportunities.
In addition, the Turkish government has developed a comprehensive investment incentive program that helps accelerate investment returns and minimize risks. The main advantages of the Turkish housing sector include protection of property rights of foreign investors, continuous development of cities; not only tolerant but also positive attitude towards foreign buyers, warm climate, quality construction, visa-free travel and easy citizenship in the future.
Buying Property in Turkey: Mornvest
Turkey is one of the most appealing countries for both tourism and permanent residency. The demand for Turkish real estate is increasing every year. Here are the best reasons to buy property in Turkey in 2023:
Advantageous geographical location
Turkey is a country connecting two continents, Europe and Asia, with access to the Black Sea, the Aegean Sea and the Mediterranean Sea. The country’s strategic location contributes to Turkey’s growing participation in the world economy and integration into the world community.
Low cost of living
The question of how much money you need to live comfortably in Turkey depends largely on where you live and your current situation. However, the cost of living in Turkey is lower than in Europe and the US. This allows you and your family to live more comfortably.
Long-term investment
Turkey actively attracts foreign investment and strives to create a favorable investment climate. Foreign investors benefit from regulatory flexibility and have the same rights as local investors.
Secure purchasing process
The increase in foreign investment prompted the government to tighten controls and increase penalties to prevent property fraud. These problems have more or less disappeared over time as the necessary measures have been taken. However, working with a professional real estate company gives buyers more security.
Modern housing options
Foreign investors can buy real estate as a residence or as a potential asset with the possibility of a high return on investment. Turkey has a wide range of comfortable beachfront residences and luxury villas for every budget at reasonable costs. Foreign investors can also earn rental income from their real estate investments or sell them after a three-year blocking period.
Possibility of obtaining Turkish citizenship
Turkish citizenship gives you the opportunity to live, work and study in Turkey and enjoy all the benefits that come with it. As a Turkish citizen, you can enjoy free healthcare and education, as well as social benefits.
Buying property in Turkey is a very profitable investment if you go with the right companies. You can visit our website to find the most suitable property for you in Turkey and consult our experts for more detailed information.
