Why is real estate in Turkey ranked first in the world in increasing investment value?
Turkey occupied an important position among the countries of the world, so it gained a historical, tourist, strategic and vital position in the region and included historical civilizations since ancient centuries, where man inhabited it in the Stone Age and colonized by many ancient historical civilizations and in modern times Turkey continued to export it in many fields, the most important of which is the real estate sector in Turkey, which formed a factor attracting foreign and Arab businessmen and capital owners, while Turkey in 2020 succeeded in occupying the first place in the world in terms of investment value and This was caused by many factors that encouraged and raised the growth of Turkey's real estate sector.
Real estate in Turkey
According to the Global Property Guide report, real estate in Turkey ranked first in the world in increasing the high investment value, and Turkey is now ranked first in the world due to the facilities of the Turkish government in recent years that it provided to investors on Turkish lands, which encouraged investors to come to Turkey in order to invest.
Turkey did not come in this global ranking in the real estate sector out of no reason, but Turkey's real estate has emerged significantly in the last ten years, which gave Turkey its important and prominent place and made it one of the most preferred investment destinations for foreign and Arab investors around the world, and Turkey came in this rank in light of technological and industrial development and the commercial developments in the Turkish Republic, and most importantly, the development of infrastructure and the development of real estates in Turkey and its quality, which has reached global rank.
The report published by the platform stated that thanks to the great development that Turkey has witnessed in all fields, this has returned positively on the real estate market in it through the high quality and modernity of construction, and the standards of luxury they have.
According to the report, an evaluation study was conducted to measure the increase of the investment value during the second quarter of 2020 compared to the second quarter of the year preceding 2019, and the rate of increase in the investment value of Turkey's real estate in the aforementioned period was 11.6%, so Turkey ranks first in the world at the expense of 50 countries around the world. Then came the Philippines, Germany, Slovakia and Estonia, and this came after the study conducted by the Global Property Guide platform.
Why is real estate in Turkey ranked first in the world in increasing investment value?
Because Turkey occupies an important position, a vital strategic location, and a link between the continents of Asia and Europe, and because Turkey has great historical, archaeological and tourism importance, which made it annually attract tens of millions of tourists.
Because Turkey is characterized by the diversity of its weather and its geographical diversity, and it is characterized by the abundance of its borders with countries and the abundance of seas, lakes and rivers, which are bounded by many borders and directions.
One of the factors that increased the investment value of real estate in Turkey was the great economic, industrial and real estate renaissance that took place in Turkey, especially that Turkey ranks 19 among the best economies in the world.
Because Turkey is distinguished by its cultural, religious and historical diversity, which made Turkey having a place for different types of peoples to live and settle on their lands, and this is one of the factors that increased the investment value of real estate in Turkey.
Turkey occupied this position because its property is the cheapest among the world’s most expensive real estates.
Because real estate in Turkey is characterized by the high quality of construction and its modernity because it is based on international luxury standards with a high and international style.
Among the factors that have increased the real estate investment value is the development of Turkish infrastructure over recent years and its completion of mega projects such as Vision 2023 real estate projects such as the Istanbul Water Canal, the new Istanbul Airport, the new Istanbul Metro and many other important projects.
The investment value increased due to Turkey's granting of Turkish citizenship to those who buy a property of $ 250,000 or more.
The value also increased due to the increase in Turkish government interest in investors, granting them facilities and providing them with real estate security.
The value of real estate investments in Turkey has increased thanks to the impact of real estate in Turkey in many investment fields, most notably investment in the animal, agricultural, industrial and commercial sectors.
Turkey also facilitated many procedures for acquiring and obtaining bank loans and banking transactions in order to invest in the real estate sector.
What are the Turkish states that investors prefer when buying real estate in Turkey?
There are 3 Turkish states in which the real estate sector is active and the volume of real estate investments is increasing, and they are:
The capital, Ankara: The real estate investment value has increased in Ankara because it is the capital of Turkey and also in light of the development of infrastructure and its inclusion of many vital and modern projects, which made investors turn their eyes to it and encouraged foreign investors to invest in the real estate sector.
Istanbul: Istanbul has been distinguished by its leadership among the Turkish states that sell real estates and its attraction of foreign investors, due to its vital and attractive center and the large number of important and vital tourist and historical places, especially that Istanbul connects the continents of Asia and Europe. And because Istanbul is characterized by its investment nature and the large number of real estate projects, which formed the largest attraction for foreigners who want to live and settle in Turkey.
Antalya: The tourist state of Antalya occupied an important position in light of the great demand for the tourism sector, which formed a factor that attracted investors looking for calm and comfort, as it represented a preferred destination for mega tourism projects, especially Russian and European investments.
Real estate sales statistics for Arabs in Turkey?
Arabs topped the percentage of real estate buyers in Turkey in 2020, while Turkey is among the preferred countries for Arab investors who are looking to invest their money in the real estate sector, while real estate sales to Arabs in Turkey reached more than 13,880 properties in Turkey during this year, according to these statistics:
Real estates in Turkey that Arabs owned reached to 6% of total real estate sales to foreigners.
The daily average of Arabs buying real estate in Turkey: 38 properties per day (three properties every two hours).
Today, the average Arabs buy real estate in Istanbul: 17 properties per day (two properties every hour and a half).
In conclusion, Turkey's real estate has a distinguished reputation and competitive prices for all world prices, especially that real estate prices in Turkey are the cheapest among the European real estate markets, and the real estate market in Turkey is the largest and this had a great impact to the real estate sector, which attracted investors around the world, especially the Arab countries, to invest in the sector of Real estate, while experts expect that the real estate sector in Turkey will grow more than that within two years in case of the completion of the 2023 Vision projects that Turkey is establishing on its lands, which are considered the projects of the century.
