Why do investors prefer buying real estate in Turkey
Investing in Turkish real estate is one of the ideal plans to reap huge profits and financial returns in the long run. In this article, we put in your hands ten reasons why you should put real estate investment in Turkey at the top of your priorities.
-Real estate ownership procedures in Turkey are considered one of the easiest procedures, as you can prepare the necessary papers for real estate ownership in two or three days.
-Getting a real estate appraisal document takes no more than 4 to 5 days
-The inherited properties are distributed according to the inheritance law in your home country
-The presence of Arab real estate companies has contributed to breaking many barriers between Arab buyers and construction companies in Turkey.
-Turkey requires a real estate appraisal document from licensed companies to complete the sale process, which guarantees the buyer comfort and reassurance that the price of his property is suitable for the market.
-Real estate in Turkey is not affected by the exchange rate which makes it safer than bank deposits in Turkey
-You can obtain a real estate residence after owning a property in Turkey, which gives you the right to stay in Turkey and extend your residence as long as the property is duly registered in your name and your wife and children under the age of 18 benefits from this residence
-Insurance against earthquakes and natural disasters in Turkey is mandatory and insurance covers many aspects related to any natural damage that occurs in the home.
-Urban projects and infrastructure developments in Turkey give you confidence about the improvement of living conditions in Turkey and the increase in real estate prices in Turkey in the future, which will bring you additional profits from real estate investment in Turkey.
-Real estate ownership in Turkey is more economical than real estate ownership in several European countries.
Among the things that save costs compared to the rest of European countries:
-Real estate prices in Turkey are relatively lower
-The costs of home furniture in Turkey are attractive, and there are a lot of real estates offers that include furniture
-Real estate prices are relatively low compared to other investment taxes
-The possibility of benefiting from real estate financing plans in Turkey
-The possibility of benefiting from the offers of apartments for sale in installments in Turkey.
-Obtaining Turkish citizenship through real estate investment in Turkey is much cheaper than obtaining Turkish citizenship through commercial methods.
-Discounts offered by private or government companies on real estate in Turkey
Investors seek to carry out investment projects with confidence, as estimates of profits in Turkey can be accurately counted, as they can determine the expected returns on a daily, weekly, monthly or annual basis. Also, the value of rents in Turkey is fixed for a full year, and therefore the amount of profit during this year can be known from the returns from the moment the lease contract is signed with the tenant. The Turkish government is also issuing instructions for the upper limit of the annual rent increase so that you can accurately know the profits when investing in a residential property.
Likewise, in the commercial investment of real estate in Turkey, the rents of offices, restaurants, schools, and companies are all carefully studied and specified and give you, from the beginning of the contract signing, a clear picture of the number of profits.
There are government plans in Turkey to rehabilitate and build millions of housing units, according to modern housing standards, which require housing in Turkey to be earthquake-resistant and insured against natural disasters, which makes demand and supply increase real estate offers in Turkey, allowing real estate to be obtained at competitive prices and large discounts. You can also find golden opportunities for real estate price negotiations due to the great competition between construction companies when buying a property in Turkey.
What are the types of real estate investment in Turkey:
There are various forms of real estate investment in Turkey and all of them are available to foreigners, and this is one of the most important advantages of real estate investment in Turkey, as they can invest through:
-Buying land / apartments / villas
-Commercial real estate investment
-Investing in real estate under construction
-Investing in the restoration of old properties
One of the most prominent reasons that encouraged real estate investment in Turkey is to obtain real estate financing in Turkey easily, as Turkish laws allow foreigners to benefit from real estate financing plans in the country either through real estate loans from real estate banks in Turkey or by purchasing a property in Turkey in installments.
