Advantages and disadvantages of investing in real estate Turkey 2021
There is no doubt that you are looking for what distinguishes Turkey’s real estate and what is wrong with it. There are advantages and disadvantages to investing in Turkey’s real estate. Every investor and those looking to buy an apartment in Turkey must know it because it unveils the truth and explains to him the importance of investing in Turkey’s real estate and enlightens his mind about what distinguishes it. The real estate sector in Turkey is different from other Arab and foreign countries.Turkey, with its topography, weather, history, and sensitive and tangible strategic location, has attracted muny of the foreign and Arab investors around the world due to Turkey's real estate position in the center in terms of investment value and this is one of the reasons why investors and families come to Turkey in order to buy real estate.
Investing in Turkey real estate 2021
In recent years, Turkey has witnessed a great leap and a great development in the real estate sector and in the volume of investments in Turkey’s real estate, as the volume of investments in the real estate sector in Turkey has doubled and increased dramatically, and this is due to the great government interest in real estate investments and in real estate in general, especially since the Turkish government granted Investors with many facilities that made them believe that Turkey is the best, most ideal and safest in real estate investments.
And when you look at the figures in the field of investment in Turkish real estate, you will see that Turkey has made a quantum leap and a great deal, and the growth of the real estate sector has increased perfectly during the past ten years, and according to real estate experts, they see that the real estate sector in Turkey will witness a greater leap with the year of 2023 and will witness a great growth during the next two years, This expectation goes back to real estate projects, housing projects and infrastructure projects submitted upon its establishment by the Turkish government until 2023, which are Vision of 2023 projects such as the Century Project, which is the Istanbul Canal project.
The new Istanbul airport project, the new Istanbul project and many infrastructure projects supervised by the Turkish government, which will make Turkey occupy the first positions in the real estate sector around the world, and will make it the first in the field of investment in the world, especially in the real estate sector.
Advantages of investing in real estate Turkey 2021
There are many advantages of investing in Turkey real estate that will make you make the right decision towards investing in the real estate sector in Turkey, the most prominent of which are:
The presence of the facilities granted by the Turkish government to foreigners when buying a property in Turkey or when investing in Turkey's real estate which has made him receive an equal treatment as a Turkish citizen.
Real estate in Turkey is distinguished by its sensitive and tangible strategic location, which greatly affects your life in Turkey.
The cultural diversity and activity of the tourism movement in Turkey has made it an important country to attract foreign tourists and Arabs of different nationalities around the world, and so many nationalities live in Turkey, the Turkish, Arab, Russian, Greek, and many European and Arab nationalities. This has made it an important center for investment.
Turkey is characterized by a large population inflation, where the number of Turkey's population exceeded 80 million people, and it is distinguished by a young society, unlike Europe.
Turkey is an important commercial and industrial center where there are many varied job opportunities.
Ease of adaptation, you cannot come to live in Turkey or for the purpose of real estate investment without being able to quickly adapt to Turkish society and the general atmosphere, as integration into the life of the Turks is easy, according to the testimony of all foreigners living in Turkey.
Real estate in Turkey is characterized by its low taxes, as the taxes imposed on the process of buying real estates in Turkey are the lowest among the countries of the world.
The real estate sector in Turkey continues to grow significantly year after year.
The foreign investor in Turkey obtains real estate residency when looking to buy a property, and when the price of his property is 250 thousand dollars or more, the investor will obtain Turkish citizenship.
You can invest your property by renting it as its properties are characterized by achieving profitable returns if you think of investing in it through renting out your real estate.
Turkey is distinguished by its topography, weather, and attractive, distinctive, charming and location.
The costs of life in Turkey are low, the costs of life in Turkey are among the lowest in countries, whether in terms of food, drinking, bills, transportation, etc., which makes it distinguished from other major real estate capitals in the world.
Disadvantages of investing in real estate Turkey 2021
There are some disadvantages of investing in real estate in Turkey, the most prominent of which are:
The most prominent disadvantage of investing in Turkey's real estate is that foreign and Arab investors in Turkey face a great difficulty in communicating with the Turks in terms of knowledge of the Turkish language, and this is what has been solved by real estate companies in Turkey that speak Arabic, and this linguistic challenge has not become an obstacle for the foreign and Arab investors.
No work is without obstacles, as investment in real estate in Turkey has obstacles, and there are many intruders in the real estate sector who are defrauding investors who want to buy apartments in Turkey in general, and for this reason the real estate buyer and investor in the real estate sector in Turkey must be careful and that should deal with a reliable real estate company.
Real estate prices in Turkey in 2021
We have presented to you the average price per square meter in the major Turkish states for the year 2021, which are as follows:
In the state of Istanbul, the price per square meter for apartments outside residential complexes was recorded as 4800 TL, the price per square meter for apartments in residential complexes was 8900 TL.
In the province of Ankara, the price per square meter for apartments outside residential complexes reached 2,400 TL, the price per square meter for apartments in residential complexes was 5,600 TL.
In the state of Antalya, the price per square meter for apartments outside residential complexes has reached 3150 TL, the price per square meter for apartments in residential complexes is 7700 TL.
In the state of Bursa, the price per square meter for apartments outside residential complexes is recorded at 2,600 TL, the price per square meter for apartments in residential complexes is 5800 TL.
In Izmir, the price per square meter for apartments outside residential complexes reached 4000 TL, the price per square meter for apartments in residential complexes 8100 T.
In any case, investment in real estate in Turkey is highly profitable in light of the great real estate and investment growth that Turkey has witnessed during the last 10 years, which has made Turkey among the best countries around the world in the field of real estate investments.
