Factors for the success of real estate investment and owning a property in Turkey

The sector of real estate in Turkey is considered one of the sectors with guaranteed profit, at least by providing capital, that is, saving money without any decrease in value, but it has recently become one of the competitive areas in the investment market that most investors rush to achieve the goal of ensuring High profitability in the case of real estate investment in Turkey, a country which experiences in real estate investment by purchasing a property have proven to be the country of successful experiences par excellence, and has become the preferred destination for real estate investment among foreign investors of different nationalities around the world.

Why is investing in Turkey real estate successful?

The foreign investor is always the beneficiary of buying property in Turkey, as proven by experience, for several factors and reasons that are available in the Turkish real estate market, to the exclusion of other global real estate markets, which are:

• The foreign investor benefits from low taxes in Turkey, as the decision to reduce or cancel taxes on real estate ownership in Turkey is sometimes considered among a series of positive decisions that serve the interest of foreigners in the real estate sector and the purchase of real estate or apartments in Turkey, unlike what you find in other capitals in the world, which The investor is burdened with imaginary taxes that hinder the ease and flexibility of the real estate investment process.
• The investor is granted a residence permit in Turkey, periodically renewed according to the duration, which often ranges from “every year or every two years” with the advantage of also granting real estate residence to each of the foreign investor’s wife and all his children who have not yet reached the age of 18.
• The big difference in real estate prices in Turkey or apartment prices in Turkey in particular, where house prices in Turkey are much cheaper than in other countries, European and even Arab capitals, which may not match Turkey in its infrastructure, the charm of its nature with its picturesque scenery, unique customs and atmosphere Characteristic, as he thinks of settling in permanently to live and invest many tourists every year when visiting.
• The great investment return as a result of the development of various economic activities in Turkey, as well as the remarkable growth in the number of real estate and urban projects, infrastructure, transportation network and the strength of the tourism sector, which witnesses great seasons that lead to an increase in apartment rentals, and thus the investor guarantees large profits from the process of renting his property, whether it is an ordinary apartment Or a hotel apartment, and the transformation of Turkey into a financial and commercial pole is also multiplying the requests for renting offices and shops there.
• Obtaining Turkish citizenship by investing or buying a property for only $ 400,000, as the government lowered the price of real estate in Turkey to allow the foreign investor to submit the file for obtaining Turkish citizenship to a quarter of a million, and then raised it this year to 400 thousand dollars instead of one million dollars But the deal remains profitable when investing in real estate in Turkey, especially since the Turkish passport is one of the most powerful passports in the world, allowing its holder to visit more than 116 countries without a visa or entry visa only, in addition to many other advantages.