Turkey has garnered global attention for the remarkable growth of its real estate sector, making it one of the most sought-after destinations for property investment. The country’s rich culture, hospitable people, and strategic geographical location are just a few reasons why foreigners are increasingly interested in the Turkish real estate market. According to the Turkish Statistical Institute, the number of houses sold in Turkey in 2020 reached 1.499.316, reflecting an 11.2% increase from the previous year.
In this blog, Aegean Locations presents the top 10 benefits of property investment in Turkey that have captivated global investors.
1. Competitive Real Estate Prices
Turkey’s real estate market offers highly competitive prices, especially compared to the US and European markets. Despite the affordability, the quality of properties in Turkey rivals that of European developments, providing excellent value for money. With options available for every budget, Turkey is an attractive destination for investors seeking quality at an affordable price.
2. Developments in the Economy
Turkey’s rapidly growing economy, ranked as the 19th largest in the world by Investopedia, has significantly contributed to the real estate sector’s expansion. The Turkish government has launched several initiatives to strengthen this sector, including offering foreign investors the opportunity to purchase property through installments, further boosting economic growth and infrastructure development.
3. Investment-Friendly Conditions
The Turkish government has made it easier for foreigners to invest in real estate by eliminating value-added tax for foreign buyers and offering residency permits to investors and their families. The streamlined property purchasing process ensures a quick and straightforward experience for foreign investors.
4. Key Geographical Location
Strategically located at the crossroads of Asia and Europe, Turkey blends the cultures of both continents, making it a popular destination for investors from around the world. Its central location, combined with its friendly relations with many neighboring countries, makes Turkey an ideal investment hub.
5. Earn Through Resale
Turkey’s increasing property values provide investors with the opportunity to earn significant returns through resale. As demand for real estate continues to rise, properties purchased today can be sold in the future at much higher prices, offering a profitable investment avenue.
6. Outstanding Return on Investment
Investing in a ready project allows you to start earning rental income immediately, while projects under construction offer the potential for up to 30% profit upon completion. Aegean Locations ensures your property remains in pristine condition, helping you maximize your return on investment through careful tenant selection and maintenance.
7. Ever-Growing International Tourism
Turkey’s thriving tourism industry makes it a top destination for holidaymakers worldwide. The government’s focus on enhancing the tourism sector has increased demand for rental properties, providing investors with a steady stream of income.
8. Massive Selection to Choose From
Turkey’s real estate market offers a vast array of options, from luxury villas and penthouses to affordable apartments and commercial properties. Whether you’re looking for a holiday home or an investment property, you’ll find a wide selection to choose from across Turkey’s vibrant cities and scenic coastal towns.
9. Get Citizenship Through Property Investment
One of the most compelling benefits of investing in Turkish real estate is the opportunity to obtain Turkish citizenship. Foreign investors can gain citizenship for themselves and their families by investing at least USD 400,000 in property, opening the door to numerous additional benefits.
10. Top-of-the-Line Facilities
Modern Turkish properties come equipped with state-of-the-art facilities, including sports centers, playgrounds, saunas, and 24/7 security. In addition to these luxurious amenities, Turkey also offers excellent healthcare, transportation, and educational facilities, making it an ideal place to live and invest.
Conclusion
Turkey’s unique blend of affordable real estate, a booming economy, and strategic location make it a top choice for global investors. Whether you’re looking to enjoy the country’s rich culture and breathtaking landscapes or seeking a profitable investment, Turkey offers countless benefits with minimal risks.
Aegean Locations is here to help you navigate the Turkish real estate market and make the most of your investment. Contact us today to explore the best property options in Turkey and take the first step toward securing your dream home or investment property.