The advantages of buying a property in Turkey
Real estate projects in Istanbul are growing day by day, and all the options the buyer wants are available, whether in the heart of the city or in the suburbs. Turkish government has provided huge facilities to investors seeking to buy a property in Turkey, where it became easier to buy and sell properties in addition to giving them the opportunity to obtain Turkish citizenship when buying a property worth $250.000, all the details of the Turkish citizenship laws in this link: Turkish Citizenship
What are the advantages of buying a property in Turkey?
- Low taxes
The decision to reduce taxes in Turkey is one of a series of decisions concerning the real estate sector in Turkey, and has been reflected positively in stimulating foreign investors to own property in Turkey, which contributed to the revival of the real estate market in Turkey in general. The most important tax reductions are: Exempting the foreigner from the value added tax on the property.
- Obtaining Turkish citizenship when buying a property
Turkish government has amended the Turkish Citizenship Law, and the decision to grant citizenship to those who buy a property worth $250.000, which is an exceptional opportunity that does not hide its importance. This decision covered the citizens of most countries of the world, and includes all members of the family of the new owner, including a wife, and children under the age of 18 years.
- Residence permit
Foreigners who own properties that worth less than $250.000 are granted residence permits that are renewed every year. This residence permit granted for property owner and his wife, and children less than 18 years.
- Cheapest real estate in Europe
Property prices in Turkey are considerably cheaper than those in Europe, with features in infrastructure, similar to those of developed European countries. The diverse attractions that attract attention in Turkey, from a wonderful weather, a promising economy, a huge real estate market, and many tourist and historical attractions that attract tourists from all over the world, all this makes investment and residence in Turkey by all means a profitable and ideal choice.
- Excellent return on investment
Real estate investment in Turkey provides a profitable return on investment, based on the attractiveness of tourism in Turkey, which is most evident in the periods and tourist seasons, through the demand for rental homes during those seasons distributed throughout the year. A thoughtful investment in real estate that is highly popular during tourism seasons in Turkey can provide high profits and a good return on investment.
- Conservative social environment
Turkish society is considered to be one of the closest societies to the conservative Arab environment. Turkish customs and traditions coincide with some of the customs in the Arab region, providing a sense of tranquility and security when deciding to buy a property in Turkey and reside in it.
- Low life costs
The relatively low cost of living in Turkey, compared to the rest of Europe and neighboring countries, with the availability of well-being and sophisticated living systems, provides a good stay in Turkey. It is well known that medicine in Turkey is cheaper than all the countries of Europe, which has given the medical sector in Turkey prosperity and unprecedented demand in recent years.
- Turkey nature and temperate weather
Turkey has a variety of beauty elements, a charming nature less than its counterparts around the world, and a relatively mild climate, along with the ancient civilization and history of the magnificent cities of Turkey, and its effects stand witness to date, which gave this country a distinctive tourist specificity, for its richness with its delightful features.
Buy and live in Turkey, one of the top 10 real estate destinations around the World
Published by live and invest overseas American website interested in real estate and real estate consulting, under the title: Top 10 places to buy real estate abroad in 2019, rated these countries, and buying property in Turkey and residence, was among the best countries to own property around the world.
In the article: Istanbul was the ninth most visited city in the world in 2018, ahead of Berlin, Barcelona, Rome, Los Angeles and other important tourist cities.
In addition to the growth of tourism in Turkey, especially from Gulf countries tourists, Istanbul and the cities of Turkey in general, have a strong economic growth, with attractive tourist and investment options. Istanbul city is one of the biggest selling points and real estate investment in Turkey, and the Turkish real estate market is within the budget of most investors.