Is real estate investment in Turkey profitable? What are its advantages?
Turkey has become an important place among the countries of the world in light of its continuous economic growth, as it ranked 19 within the strongest economy around the world and is still keeping pace with the urban, agricultural and military technological development and real estate investment in Turkey is one of the sectors that has grown and became the first among other investments, as Turkey brought thousands of real estate investors on its territory and achieved real estate sales to foreigners between 2013 and 2020 according to recent statistics of 220 thousand and 351 properties, and these data indicate Turkey's amazing growth during 8 consecutive years. Turkey 8 years ago is not Turkey like today or after 3 years, that is, in 2023, while Turkey aspires in 2023 to go out to the world with projects of the century such as the giant Istanbul Water Canal project, Istanbul's third airport, the new city of Istanbul and many large projects supervised by the Turkish government In order to continue the wheel of growth at all levels.
Real estate investment in Turkey
There is no doubt that many are afraid of investing in Turkey due to the lack of information and their lack of knowledge of Turkey's position, advantages, and ideal and profitable real estates, which has attracted thousands of Arab and foreign investors on its lands and which continues to grow continuously without stopping, defying economic, global and political obstacles and epidemics and continuing its path towards prosperity and development. Turkey formed an ideal and wonderful climate for successful and profitable real estate investment at the same time, while Istanbul topped the first statistics in real estate investment in Turkey.
There are many important factors and reasons that encouraged Arab and foreign investors to invest in real estate in Turkey, which we will mention in this article, and in light of the availability of ideal real estate options at reasonable and competitive prices for many countries of the world, European countries and Arab countries, where they achieved amazing results during the last 10 years in Real estate investment sector in Turkey.
Is real estate investment in Turkey profitable?
Is real estate investment in Turkey profitable or not? This question is asked by many foreign investors who come to the land of beauty, magic and nature, to the fragrance of history and nostalgia for the past, to the land of antiquities and Islamic civilizations. Certainly, real estate investment in Turkey is hugely profitable to a large and high level in light of the dramatically escalating growth.
Real estate projects and investment in the real estate sector have also achieved great profits, which have continued rapidly over the past years to this day. The success of the real estate and investment sector in Turkey is due to the government interest in this sector and to the diversity and quality of real estates and its global reach in its origin, designs, shapes, structure, vitality and strategic location on the map.
Real estate investment advices in Turkey
You must verify the eligibility of the seller, company, or person responsible for selling the property or apartment; Whether he owns the property for real or not.
Ensure that there is no other owner or other buyer of the property by looking at the identification documents and the title deed.
Verify that the property is free of rights resulting from the mortgage, rent, or any other rights.
The buyer of the property must visit the location of the real estate or apartment and make sure of its suitability for residence or work.
Obtaining a copy of the real estate ownership contract to ensure that the previous owner did not make any form of ownership transfer, and to ensure that there are no rights arising from it.
Ensure that the area, specifications, and information contained in the title deed (tapu) are identical with the real estate shape.
Advantages of real estate investment in Turkey
Real estate investment in Turkey is distinguished because it is one of the profitable investments that achieve a profitable and progressive financial return.
Real estate investment is very secure, and this is what the Turkish government provides to the investor, which is real estate security.
The real estate sector in Turkey has grown significantly and is booming and surpassing many countries in the world.
The real estate sector in Turkey has a global status and attracts thousands of investors.
Real estate in Turkey is distinguished by its affordable prices.
Real estate investment in Turkey is successful due to Turkey's distinguished geographical location, as it is located between the continents of Asia and Europe.
Obtaining Turkish citizenship if you fulfill the conditions for obtaining Turkish citizenship by purchasing a property.
Obtaining real estate residency on Turkish territory if you buy a property in Turkey.
Establishing real estate in Turkey has low and appropriate costs in light of the appropriate and ideal building materials prices.
The real estate investment sector in Turkey is distinguished by its strength and superiority over all fields and sectors.
The real estate sector is characterized by the presence of distinctive real estate designs for real estate.
The existence of government guarantees for real estate investment in Turkey.
There are many real estate and investment opportunities in Turkey.
Real estate in Turkey is characterized by the diversity of its topography and its suitable climate for all groups.
Reasons for the growth of the real estate sector in Turkey
The reasons for the high real estate prices in Turkey are because Turkey is a distinct and important tourist destination.
The distinguished geographical location of Turkey between the continents of Asia and Europe prompts the investor to buy or rent a property in Turkey.
The strong infrastructure that Turkey possesses encourages real estate investment.
The mild climate in most Turkish cities and the charming nature attract many people to rent or buy a property in order to spend an enjoyable time.
Stability of economic inflation in Turkey.
The growth of the Turkish economy and its increase in strength due to the increase in the influx of foreign capital to Turkey, and thus the success of investments and the presence of opportunities to obtain high returns from real estate investment.
What are the best real estate investment areas in Istanbul?
Basaksehir area: Basaksehir is distinguished by its sophisticated nature, characteristics, vital and strategic location with distinct and varied real estate projects with international and modern engineering designs.
Beylikduzu: one of the best real estate investment areas in Turkey and one of the important areas in Turkey, which combines sophistication and civilization.
Bahcesehir district: one of the most prominent areas and real estate landmarks distinguished by the abundance and spread of parks in its streets, its distinct character, its strategic location, and its various real estates.
Esenyurt District: One of the most developed neighborhoods in recent years, as the area turned into real estates, high-rise buildings, and high-class buildings.
Avcilar: It is characterized by its ideal location, strategic location, and proximity to vital areas and the sea coast.
Kucukcekmece District: It is characterized by its view on Kucukcekmece Lake
Sisli region: Sisli is one of the best real estate areas in Turkey because it combines civilization, sophistication, fashion, brands, and between historical, tourist and urban monuments.
Taksim region: Taksim is distinguished by its ideal location represented by the existence of tourist and archaeological areas that attract millions of tourists from all countries of the world.
Arnavutkoy area: It is distinguished by its proximity to the most important vital areas in Turkey, such as the new Istanbul Airport, Istanbul Water Canal, and the new Istanbul Metro.
Beykoz region: This area is characterized by a wide network of roads connecting the area with Uskudar and many other vital areas. It is distinguished by its strategic location over green areas and natural green areas.
