Foreign Investors Want to Stay in Turkey!
Offering investment opportunities to people in all parts of the world, Turkey has always been the cradle of history and home to unique beaches, historical artifacts and business opportunities, and is preferred by more and more people every day. Turkey, one of the most visited countries in the world, has allowed the country's real estate market to take action with the recently created investment stimulus. According to this, it was possible to obtain the right to become a citizen of the Republic of Turkey by previously spending 1 million USD. With the amended law, that amount was reduced to $250,000. This situation has mobilized people who want to benefit from both Turkey's development opportunities and the privileges of citizenship of the Republic of Turkey. While the number of people who acquired Turkish citizenship by buying real estate increased remarkably, this situation also brought activity to the real estate market.
According to the research, the regions where foreigners buy the most apartments in Turkey were Istanbul, Antalya, Ankara and Bursa respectively. 19,000 apartments were sold to foreigners in Istanbul, 7,000 in Antalya, 3,000 in Ankara and 1,000 in Bursa. The people who made the most purchases in these cities were Iranians. Iraqis, Russians, Afghans and Azerbaijanis also became Turkish citizens by buying real estate from Turkey.
FOREIGN INVESTORS STILL STAYING IN TURKEY
Individuals who acquire Turkish citizenship by purchasing property in Turkey are required to own the purchased property for 3 years. If the person sells the property in his possession within 3 years, he loses his right to citizenship of the Republic of Turkey this time. Spouses and children of the persons who bought the property are also eligible to become citizens of the Republic of Turkey.
Research on this subject has brought to light remarkable facts. It was estimated that 92 percent of foreign investors investing in Turkey continue to hold the properties they have bought. The fact that the average duration of ownership is almost 6 years shows the fact that people keep their property even after acquiring citizenship of the Republic of Turkey. It targeted Republic of Turkey citizenship for just one in four foreigners buying property in Turkey. The average amount paid by foreigners when buying property in Turkey was around USD 161,500.
IN TURKEY, FOREIGN SALES MAKE UP 10 PERCENT OF TOTAL SALES
The research conducted in Turkey found that 10% of the total real estate sales are sales to foreign investors. Selling costs for foreigners in Turkey approached 7 billion USD.
It turns out that 1 in 4 nationals investing in Turkey seek citizenship. The research found that 75 percent of people investing in Turkey have no interest in citizenship of the Republic of Turkey, 10 percent have acquired citizenship of the Republic of Turkey, and 15 percent are currently in Turkey in the process of transition to Citizenship of the Republic of Turkey.
The vast majority of foreign investors turned to apartments when buying real estate. 90 percent of the investors have invested in the apartment. The apartment was followed by a family house, villa, commercial property, building, student residence and land.
57 percent of people investing in Turkey prefer the property they buy to be newly built. 31 percent of investors targeted buildings under construction and 11 percent second-hand buildings.
45% of people who buy property in Turkey want to invest and 30% of them want to vacation. 27 percent of people who buy real estate plan to build a permanent life in Turkey, as many plan to become citizens of the Republic of Turkey, and 23 percent plan to spend their old age in Turkey.
JORDANS WANT TO BE CITIZEN OF THE REPUBLIC OF TURKEY
It is noteworthy that Jordanians, who are among the nations buying the most real estate in Turkey, are one of the nations most targeting Republic of Turkey citizenship. According to this, 84 percent of Jordanians who buy real estate in Turkey want to become citizens of the Republic of Turkey. 76% of Russians for short breaks, 50% of Brits for establishing a stable existence, 64% of Germans for holidays, Saudi Arabia, Iraq and Algerians have set their investment goals.
TURKEY BRINGS MANY ADVANTAGES
Many benefits await those considering investing in Turkey. Turkey, which lies between East and West and carries certain elements from both sides, is among the countries that tourists from all over the world can safely visit and spend their holidays.
With a population of more than 82 million, Turkey ranks at the top of Europe in terms of youth. With a young population of 33 million, Turkey has a professional and skilled workforce. With an average of 800,000 university graduates per year, Turkey has one of the most important population forces in Europe.
Turkey, which offers more transport options every day, helps to get from one point to another quickly and safely. Nuclear and renewable energy sources show that Turkey can become the most important manufacturing center in Europe in the future.
There are many opportunities for foreign investors to get involved in the real estate market in Turkey. Duty exemption, investment location allocation, infrastructure support, regulations simplifying the processes for investors and similar details are incentives for real estate investors to choose Turkey.
The availability of property types suitable for every budget in Turkey is driving an increase in investments made in Turkey. There are property types in Turkey that suit every need and taste. Istanbul's mobility and investment opportunities, the lush forests of the Black Sea, the unique beaches of the Aegean Sea and the unique history of Anatolia invite people considering buying a property in Turkey.
AS 2 CLICKS, WE ARE READY TO SERVE YOU
As 2 Clicks, one of the leading companies managing the property buying process in Turkey, we answer all the questions that foreigners have about the properties they want to buy in Turkey and we prevent potential problems. You can also contact us to benefit from the services we offer and after the meeting you can find answers to your questions.
Türkmen Mahallesi, Sacıkara Sokak, B Block NO. 21 B, Kuşadası-Aydın, Turkey. You can reach our company based in Turkey on phone number +90 (544) 443 46 24 and quick call via WhatsApp. You can send an email to 2Clicks.io via [email protected] and get detailed information about our work.
Call now to buy property in Turkey and take advantage of Turkey's development opportunities.
