Why Should You Invest in Real Estate in Turkey?
In recent years, Turkey is becoming one of the huge investment countries in the world. Although there are many sectors for investment, real estate in Turkey is one of the most profitable fields.
In recent years, the profits derived from the real estate sector in Turkey are rising rapidly in many cities, such as Istanbul, Izmir, Antalya. Why do investors and buyers who want to own a property, prefer Turkey? Let us look at these reasons:
- Geographical Location
Turkey, due to its geopolitical position is the most important transit point in the Middle East, Asia, and Europe. The large real estate market, easy transportation, and strong economic infrastructure make Turkey a convenient location for investors.
- Cultural and Social Opportunities
There are many cultural and sports activities in Turkey. Therefore, Turkey hosts millions of tourists every year. Touristic cities such as Istanbul and Antalya have significantly increased the number of incoming tourists, as they offer direct flights to many countries.
- Reasonable Housing Prices
Prices per square meter in Turkey is lower than in other countries. Therefore, real estate prices in Turkey provide good opportunities for foreign investors.
- Advanced Architectural Technologies
In recent years, many construction companies have been applying advanced technologies in residential architecture. For example, three-bedroom smart home systems provide common social facilities such as a fitness center, swimming pool, and sauna.
- Citizenship Opportunity
With the new decision taken, financial and investment costs in the period to become a Turkish citizen have dropped considerably. According to this, if a foreign investor purchases real estate of at least 250,000 worth USD and holds it for three years, can apply for Turkish citizenship.
- Living Costs
Compared to European countries, Turkey is extremely suitable for living expenses. Many immigrants live a luxurious life thanks to the changing exchange rate.
- Ease of Buying and Selling
Real estate in Turkey has an easy process to purchase. According to the legal processes that have come into effect recently, the period from choosing your property to receiving your title deed is only one week.
- Payment Plans
One of the best options in housing is the low prices of newly built apartments. Besides, the option of an interest-free installment is a considerable factor.