investment and investment return in Turkey
The foundations on which real estate investment in Turkey is built are strong. Despite all the crises the world went through, such as the Corona crisis or the recent economic crisis in Turkey, it did not affect the demand of foreign investors and their desire to own real estate in Turkey. This was proven by the last quarter of 2021, which recorded the highest number of sales to foreigners, especially apartments in Istanbul. The future is very promising for this sector, especially with the facilities and incentives offered by Turkey to those wishing to enter this field.
Advantages of real estate investment in Turkey.
One of the most important advantages of real estate investment in Turkey is the guaranteed return on investment, where the foreign investor can buy residential or commercial real estate and get a guaranteed annual return of up to 10% of the value of the property. Profit yield is generated by renting out the property within the terms of the purchase contracts.
Attractive financial return: Real estate prices in Turkey are rising day by day, as a natural result of the increased demand for real estate by foreign investors with a decrease in supply, which created for investors a great return when selling the property.
Investment security: Where the residential property makes profits for its owner by offering it for rent or by waiting for its price to rise, and in return, the risk in this type of investment is very small.
Competitiveness: The Turkish real estate market is a market with a wide choice of residential and commercial real estate, which makes it a competitive market that meets the desires of all investors in line with their budgets and goals.
Facilities of the Turkish government: The Turkish government offers a series of incentives and temptations that draw attention to Turkey, including exemption from real estate taxes, as well as imposing a real estate valuation or appraisal law that guarantees the right of investors.
Real estate residence: The real estate investor has the right to obtain a real estate residence permit that is renewed annually throughout the period of owning the property.
Turkish citizenship: The Turkish government offers foreign investors the opportunity to obtain Turkish citizenship when buying a property in Turkey or a group of real estate worth $400,000 within only 90 days.
Here are other advantages for investing in Turkey:
Strong economy – Qualified and competitive workforce – Freedom to invest and reform – Infrastructure – Huge internal market – Strategic location – Continuous reform and development processes – Obtaining permanent residence – Obtaining Turkish citizenship.
We can divide real estate investment into several sections, such as:
Investing in commercial real estate: It is real estate that is suitable for commercial and economic investment. This type of investment is directed by people who aspire to a higher percentage of profits in their investments by opening a commercial project or offering the property for rent.
Investing in residential real estate: It is the safest investment, as the residential property makes profits for its owner by offering it for rent or by waiting for its price to rise. On the other hand, the risk in this type of investment is very small.
