Top 10 Reasons to Invest in Housing in Turkey
Turkey, which is developing day by day and attracting more and more people, has become a unique location for foreign investors with the decision of the government. Regarded as one of the top investment regions in recent times, the real estate sector in Turkey continues to grow, enabling individuals and institutions to earn income through investments in a short period of time.
According to the Turkish Statistical Institute, 1 million 499 thousand apartments were sold in Turkey, an increase of 11.2 percent compared to 2019. Of these sales, first-hand home sales accounted for 31 percent and second-hand home sales accounted for 69 percent. Istanbul was the city with the most home sales, followed by Ankara and Izmir. 270,000 in Istanbul, 160,000 in Ankara and 90,000 in Izmir were sold.
Sales of apartments to foreigners in Turkey amounted to 40,812. In the regions where foreigners buy apartments, Istanbul ranked first, Antalya second, Ankara third and Bursa fourth. Iranians, Iraqis, Russians, Afghans and Azerbaijanis were the foreign nations who bought the most houses from Turkey.
As 2 Clicks, we have prepared a guide for foreigners who are considering investing in Turkey. If you are also considering investing in Turkey, after reading this content, you can know the benefits of investing in Turkey and speed up your investment thinking.
GEOGRAPHY AND INFRASTRUCTURE
Due to its region, Turkey lies at the intersection of Asia and Europe and is considered the most important transit point of the two continents. Turkey's strong economic infrastructure and large housing market offer a unique invitation for those planning to invest. Many projects, such as Istanbul Airport, Marmaray and Istanbul Canal, which have been and are being built in Turkey recently, also increase Turkey's attractiveness and thus attract the attention of foreign investors.
CULTURE AND SOCIAL OPPORTUNITIES
One of the most visited countries in the world, Turkey offers its visitors a unique experience with summer and winter vacation options. About 45 million tourists come to Turkey every year, according to the Ministry of Culture and Tourism, and this number is expected to increase with the airport works. The increasing number of tourists also increases the value of Turkey, thus enabling investors to earn a good income in a short period of time.
EXCHANGE RATES
The exchange rate of the Turkish lira will quickly pass, students prefer Turkey. The fact that the dollar and the euro are worth 10 TL today makes Turkey think of those who are into the dollar and the euro. Stop investing more in Turkey due to increasing exchange rate day by day.
APARTMENT PRICES
In Turkey, where construction and sale of apartments is going on everywhere, investment opportunities are offered at cheaper prices compared to other countries. Day by day rising house prices are especially attracting the attention of foreign investors. Foreign investors can buy property in Turkey by taking advantage of the rising foreign exchange and making a profit in a short period of time.
ADVANCED ARCHITECTURAL TECHNOLOGY
In Turkey, one of the countries with the most talented engineers and architects in the world, clients are offered residential architectures in the most advanced form. By exporting talented engineers and architects abroad, many projects in Turkey are implemented in the most technological way. The works that best meet customers' requirements can be easily presented to customers.
CAREER OPPORTUNITIES
Turkey, which educates more than 700,000 university graduates every year, has more qualified employees every day. In the researches, it is stated that Turkey is among the countries that offer the best life and career opportunities and that it is the right choice for a career.
CITIZENSHIP BY PURCHASING PROPERTY
While citizenship of the Republic of Turkey required an investment of $1 million, today that figure has been reduced to $250,000. Foreign investors can acquire citizenship of the Republic of Turkey by paying $250,000. These investors must hold the properties they bought for $250,000 for 3 years. Families of individuals making an investment of $250,000 are also eligible to become citizens of the Republic of Turkey.
COSTS OF LIVING
Turkey draws attention to many parts of the world with more affordable cost of living. People who see Turkey as an investment opportunity and make investments lead very comfortable lives depending on the exchange rate. This situation is one of the reasons why foreign investors choose Turkey.
EASY BUY - SELL
Turkey continues to drive demand, particularly with the ease of buying and selling it offers to foreign investors. Foreign investors in Turkey can become the new owner of the property by completing all transactions in about 1 week after choosing the property they want to buy. While this situation attracts the attention of people who are tired of procedural transactions and want to invest quickly, it also manages to place Turkey ahead of alternative locations.
PAYMENT PLANS
The flexibility of payment schedules in some projects in Turkey offers convenience to people who plan payments on a regular basis. Foreign investors can easily own a house by paying installments in large projects.
VAT DISCOUNT
With the decision of the Turkish Grand National Council of Ministers, foreign investors are offered the opportunity to purchase housing at lower prices. Foreign investors are exempt from VAT levied on residences. VAT for combination boilers, glass balconies, radiators, shower cubicles, kitchen cabinets and similar products will be reduced from 18 percent to 1 percent. This allows for a discount of around 5,000 TL on a house worth 300,000 TL.
As 2clicks.io, we continue our services to meet our customers' expectations at the highest level. We continue to support property selection during and after the purchase process and ensure foreign investors can invest peacefully by preventing potential problems.
You can also contact us to benefit from the privileges of 2clicks.io and invest in your dream property in a short time and you can find answers to your questions in our meeting. During the meeting with our company, you can provide information about the budget and location, allowing us to assess and present to you the most suitable real estate options for your investment.
You too can benefit from investment opportunities in Turkey, get to know possible real estate projects in Turkey, find out about the infrastructure works in the region you want to invest in, find out more about the possible prices of the projects, learn more about the projects all about the property properties you will be buying, property selection, buying and buying Call now for help with the follow-up and a quick valuation of your investment.
