Turkey is a country that offers very attractive real estate investment possibilities and opportunities even for investors who are its own citizens. Because, due to its geographical location, it is a country that is close to both Europe, Asia and Africa, and even at the meeting point of all of them. This reason alone makes real estate investment in Turkey extremely attraactive for foreigners and makes it a land of opportunities. Buying property in Turkey is not only an opportunity in terms of the geopolitical importance of these lands, but the fact that it is a peninsula surrounded by seas on three sides, experiencing four seasons, also makes Turkey special in terms of property investment.
Combined with nature, geopolitical location and advanced business and trade life in Turkey, property investment Turkey has become very attractive for foreigners both with regards to property acquisition and investment over the years. Real estate investment in Turkey is one of the most profitable ways for foreigners to become Turkish citizens. Because real estate investment in Turkey is a relatively easy way to qualify for Turkish citizenship when you compare it with other Turkish citizenship conditions. Moreover, in this method of obtaining citizenship, we are talking about a period of maximum two months.
So, how can you buy real estate in Turkey, including this real estate investment trust in turkey, what are the conditions, how does this purchase pave the way for citizenship? You can find answers to all these questions in this article.
Is real estate business profitable in Turkey?
As we mentioned at the beginning of our article, Turkey is the meeting point of three main and female continents. For this reason, Turkey is a land that is in demand in terms of tourism and is seen as a holiday country for foreigners. It embodies the cultural and social richness of all these three continents.
Whether you are an expat or a foreign investor, an investment in the real estate sector in Turkey can be the best real estate investment in turkey. Because real estate investment opportunities in Turkey are quite a lot. We can even say that it is a real estate paradise. Therefore, real estate investment in turkey at the moment will be a very good time to get a second citizenship or to become a full Turkish citizen. This right timing gives you high profitability.
Another situation that makes Turkey a country with high profitability in terms of real estate is that it is a developing country in terms of real estate. Even a big metropolitan like Istanbul is still brimming with hidden real estate advantages.
Your real estate investment profitability in Turkey will be a combination of European quality and Oriental cozy, which means an eclectic aesthetic that cannot be found in every geography.
In order to make this investment more concrete, it is a necessity to talk about the figures, namely the situation of the real estate sector compared to other countries.
Housing prices in this country are much cheaper, especially compared to Europe. But on the other hand, houses with European quality standards are designed and built.
Since the real estate sector is one of the most active markets in Turkey, this dynamism ensures high returns on real estate investments in the long run.
Foreign real estate investment in Turkey is supported here, because it allows significant foreign currency inflows.
Real estate investment in turkey data shows that real estate investment in Turkey during recession is an indicator of profitability for the developed Turkish real estate sector.
There are countless types of real estate in Turkey that offer different architectural designs for every budget. This diversification is especially evident in the housing sector.
If you are considering a housing investment not for investment but for living in yourself, you will see that the cost of living in Turkey is quite low.
When you compare it with other and especially European countries, buying real estate in Turkey is much easier in terms of procedure.
If you make a real estate purchase of $400,000, you can qualify for Turkish citizenship in a period of up to 2 months.
Can a foreigner buy property in Turkey?
A foreigner can definitely buy a property in Turkey. We have mentioned about how profitable this purchasing is above. This profitability is at the highest level for foreigners.
But of course, as a foreigner, you have to be subject to certain procedures and it is inevitable.
First of all, there are issues to be fulfilled regarding visa and residence.
To put it more clearly, you can purchase a property only with your foreign identity number, without a visa and residence permit. However, this investment does not entitle you to a work permit or residence permit.
Is it good to invest in real estate in Istanbul?
When we say real estate investment in turkey, undoubtedly the best location where this investment will become real and will provide the best profitability is Istanbul. If you invest through such a real estate, especially in locations and districts in the city center of Istanbul or near the city center, perhaps you can earn an income in another dimension. Nişantaşı, Sarıyer, Cihangir, Beşiktaş, Kadıköy – Moda, Fenerbahçe, and Bakırköy are the best real estate investment locations where popular properties are sold with a price range from a minimum of 250,000 dollars to tens of millions of dollars.
Will property prices fall in Turkey?
The cost of real estate in turkey is not expected to decrease in the near future, and it is expected to increase day by day. Because the inflation in Turkey is not expected to decrease in the medium-long term. From this point of view, real estate investment in turkey during inflation will again provide profitability from a different perspective. Because even if inflation has decreased in the history of Turkey, it is not the case that real estate prices have decreased. So, now it the best time for real estate investment in Turkey.
How can I start real estate business in Turkey?
As before starting any kind of business, it is highly recommended that you do also a good research and feasibility before starting a real estate business.
In which city of Turkey will you make a real estate investment?
In which location or district of the city you have chosen will you purchase real estate?
What are the types of housing in your chosen location?
What are the minimum and maximum price ranges of housing types?
Finding answers to these questions on your own can become a very long and perhaps tedious process. Because as a foreigner, if you have not had the experience of living in the location where you intend to buy real estate for many years, it will take time to master the subject. From this point of view, getting a local real estate consultancy service will be the healthy and shortest way.
Is it a good time to invest in Turkey?
It is possible to say that now is the best time for buying property in Turkey due to inflation and therefore the recession in the economy. Because the Turkish lira depreciates, that is, the foreign currency gains value exponentially. Therefore, as a foreigner, it would be a very wise decision to make an investment in the real estate sector in Turkey when your money is most valuable.
How can I invest in Turkey?
Buying real estate is the best way to invest in Turkey to provide short and long-term returns.
One of the constructions designed and designed with a contemporary approach, where urban transformation projects are carried out especially in big cities of Turkey, can be a good option. The key point to remember here is to purchase the property before the construction of the property is finished.
It will be in your best interest to use your purchasing decision in favor of properties with sea view. Because the demand for these properties around the world is increasing exponentially day by day.
Another option, which is different but at least as profitable as buying a property, is to invest in a land where large and modern living complexes can be built.
You may prefer to invest in an old property that is very popular in the world at the moment, which you can renovate and sell with high profitability.
Do foreigners pay tax in Turkey?
As clearly stated in the relevant real estate laws, foreigners who buy and own real estate in Turkey are also liable to pay real estate tax.
How long can you stay in Turkey if you own a property?
A foreigner can stay in Turkey for the 90-day period of the 180-day tourist visa.
Do foreigners pay property taxes in Turkey?
Foreign real estate investors pay property taxes in Turkey.
What is the impact of interest rates on real estate investment in turkey?
High interest rates cause real estate prices to decrease.
Can US citizens buy property in Turkey?
US citizens can buy property in Turkey.
Is it worth investing in real estate in Turkey?
When the situation of the real estate sector, which is on the rise in Turkey, and the current economic conditions are compared with the world, buying property in Turkey is definitely a smart investment.
In the light of all the information we have given above, we can definitely confirm that Turkey is among the best countries to invest in real estate with regards to climate, geographical location, economic conditions, the value of foreign currency, natural beauties and rising real estate trends in the world. A lifetime income model can definitely be developed in Turkey if real and accurate property investment consulting is received.
