Alawa Real Estate

Why do foreigners buy real estate in Turkey?

Why do foreigners buy real estate in Turkey? Turkey is one of the most beautiful and attractive tourist destinations in the world, with a rich history and diverse culture, along with breathtaking landscapes and real estate in Turkey is an attractive investment opportunity for many people around the world, so let's delve into the reasons that prompted foreigners to invest in real estate on the territory of the Turkish Republic.

Why foreigners buy real estate in Turkey, find out the reasons:

1. Economic and political stability in Turkey.

2. Laws and legislation stimulating real estate investment in Turkey.

3. High returns on investment in real estate in Turkey.

4. Low real estate prices in Turkey, which attracts investors.

5. Increasing demand for residential and tourist real estate in Turkey .

6. Benefit from government programs that support real estate investment in Turkey .

7. Distinguished geographical situation and attractive landscapes in Türkiye.

8. Economic growth and urban development in some regions.

9. Take advantage of the growing tourism in Turkey and the growing demand for short stays.

10. Improving infrastructure and developing public services in Turkish cities.

11. The ability to obtain a real estate residence permit by purchasing a property in Turkey .

12. Technological developments and easy communication with real estate and real estate agents via the Internet.

13. High demand for real estate in Turkey by international students and expatriate families.

14. Abundant availability of hotel apartments and luxury homes.

15. Availability of real estate loans at competitive interest rates for foreigners.

16. Benefit from Turkish citizenship programs, Turkish passport and special residence for investors.

17. The high rate of return on rent for real estate in Turkey .

18. Increased confidence in the Turkish economy and financial security.

19. The increase of Arab, European and Russian clients in the Turkish real estate market.

20. Proximity to Europe and easy access to Turkey by flight.

21. Low maintenance costs and taxes on real estate in Turkey .

22. Investing in coastal areas and high-end tourist resorts.

23. Modern developments and contemporary designs for real estate projects.

24. Increasing demand for real estate in Turkey as a way to protect capital.

25. Benefit from the growth of the consumer economy in Turkey .

26. The availability of international schools and quality educational facilities.

27. Increasing demand for hotel apartments for tourism investment.

28. Tax exemptions for foreign investors in Turkey.

29. Benefit from the continuous increase in the number of tourists arriving in Turkey.

30. Confidence in Turkey's continued economic growth and political stability.

Turkish citizenship by buying real estate in Turkey:

The Turkish government has made unremitting efforts to stimulate the real estate sector and make investment in it more attractive to foreign investors and through the amendments to the law on obtaining Turkish citizenship by purchasing a property, great facilities have been provided to these investors, in order to enhance the flow of investments and support the local economy

These amendments represent an important opportunity for foreigners looking to invest in Turkish real estate and obtain Turkish citizenship and the minimum property value required to obtain citizenship is $400,000, which makes it an attractive investment opportunity for many investors.

Besides improving the chances of obtaining citizenship, Turkish citizenship carries many benefits for its holder, including access to travel freely to many countries without a visa, and enjoying full citizenship rights in Turkey.

Real estate residence by owning real estate in Turkey:

In order to obtain real estate residence in Turkey, foreign investors have to pay attention to some specific conditions and it is required that the price of the property that they want to buy be $75,000 or more in large states such as Istanbul, Ankara, Izmir, Bursa, Antalya, Gaziantep, Adana, and Mersin and in smaller Turkish cities, the value of the property must be $50,000 or more in order for investors to qualify for real estate residence in Turkey.

Note that the real estate appraisal report should be equal to the mentioned minimum to ensure the issuance of the real estate residency and these conditions aim to facilitate real estate residence for foreign investors and promote investments in the real estate sector in Turkey and thanks to these measures, investors can enjoy the country's promising investment climate and economic stability and obtaining a real estate residence permit opens the door for them to take advantage of the many advantages that Turkey offers in terms of living and investment.

Notes to increase your income by owning real estate in Turkey:

1. The investor must specify the type of real estate he wishes to purchase and the planned investment period, in addition to determining the expected return on investment.

2. The validity and legality of the property to be purchased should be confirmed and that there are no legal problems.

3. Careful assessment of the area in which the property is located and following developments in the local real estate market must be carried out to understand price trends.

4. The expected rental yield should be calculated and ensured that funds for proper management and maintenance of the property are provided.

5. It is advised to negotiate the best rates and terms with the seller, the investment destination and the future property management company.

Factors affecting real estate prices in Turkey:

1. Real estate in coastal and tourist areas are more valuable and attractive.

2. If there is strong demand and limited supply, prices are likely to go up.

3. The presence of a developed infrastructure can raise the value of real estate in the area.

4. The growth of the economy in a particular area can lead to increased investments and demand for real estate, which leads to higher prices.

5. Changes in regulations and laws may affect the real estate market in Turkey.

6. Proximity to amenities, public services, and attractions can increase the value of real estate in the area.

7. It can negatively affect the real estate market and reduce demand and prices.

8. Financial crises and economic decline can be reflected in real estate prices in Turkey.

9. Advanced technology and urban development can increase the attractiveness and value of real estate.

Common questions:

Does the Turkish government provide facilities for foreigners wishing to buy real estate?

Yes, the government has introduced legal amendments that facilitate the process of obtaining Turkish citizenship by purchasing real estate in Turkey at a certain value.