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Real Estate Portfolios in Türkiye

2024-06-15
Property Investment in Turkey
1642
Real Estate Portfolios in Türkiye
Contents table

Turkey's economy is famous for its diversification and continuous recovery and attracts the attention of investors from all over the world among the important investments in Turkey, real estate investment has a superior position, but do you know what real estate portfolios are in Turkey and what is their role and importance in the real estate investment process? This article will talk about real estate portfolios in Turkey and their importance in supporting the real estate investment process with all its distinctive details, so let's discover what makes our investments in real estate in Turkey sustainable and profitable.

 

Advantages of real estate portfolios in Turkey

  1. Turkey is located in a strategic geographical location between East and West, which makes it a hub for trade and investment between continents.
  2. Turkey is witnessing rapid economic growth, and it enjoys an open and flexible investment climate that provides the opportunity to invest in various economic sectors.
  3. The Turkish government is taking bold economic measures to boost economic growth and improve the investment environment, including tax cuts and investment incentives.
  4. The Turkish government imposes strict laws to protect investors in the real estate sector, as it provides legal protection for the rights of investors and ensures that contracts are properly implemented.
  5. It is witnessing an increase in the demand for real estate by local residents and foreign investors, which pushes prices to rise and enhances investment opportunities in this sector.
  6. Turkey is characterized by great geographical diversity, as it includes coastal cities, inland cities, and mountain cities, which provide various opportunities for investment in real estate.
  7. The country provides an opportunity to obtain Turkish citizenship by purchasing a property worth 400 thousand US dollars, provided that the pledge is not to sell for 3 years.
  8. The opportunity to obtain real estate residency by buying an apartment in Turkey at a value of $75,000 and giving it to the investor’s wife and children under 18 years old.
  9. The country includes a variety of schools, educational institutions, and local and international universities that work to provide curricula in the best ways and with modern technologies.
  10. It is distinguished by the presence of many hospitals, private clinics, and medical centers that work to provide the best services to patients.
  11. The real estate market in Turkey is characterized by diversity, as it includes various types of real estate, such as villas, penthouses, triplexes, duplexes, hotels, studios, and townhouses.
  12. Turkey is proud of the presence of various types of transportation, including dolmus, tramway, Metrobus, and ferries.
  13. The opportunity to obtain a Turkish passport after being granted Turkish citizenship and enjoy freedom of travel and movement and entry to more than 100 countries without a prior visa.
  14. The country includes many archaeological sites and famous tourist attractions in addition to historical museums.
  15. Living in Turkey is cheap compared to other European countries.
  16. You can reap huge returns and huge financial profits by buying a villa in Turkey and renting it out during the tourist seasons.
  17. Turkey includes huge commercial centers and large malls, which increased its importance and attracted many tourists to it.
  18. It is possible to take advantage of the tax incentives offered by the Turkish government to investors wishing to invest in real estate in the real estate sector in Turkey.

Real Estate Portfolios in Türkiye
 

The future of real estate investment in Turkey

  1. The real estate market in Turkey is witnessing an increase in demand for residential and commercial units, and this growth is expected to continue in the future due to the increase in population, internal and external migration, and the growing interest in investing in real estate in Turkey.
  2. The Turkish government is working to develop the country's cities and transform them into modern urban cities, by establishing huge projects for infrastructure, and public and tourism facilities, and this increases the attractiveness of real estate in those cities.
  3. Turkey is working to adopt policies that encourage real estate investments by foreign investors and to provide them with the necessary support, by facilitating procedures for purchasing, owning, and obtaining permanent residence.
  4. The real estate sector in Turkey is witnessing continuous development in the field of technology and innovation, as the sector adopts these developments to improve efficiency and increase the attractiveness of investment in real estate.

 

Returns from real estate investment in Turkey

Tourist and commercial cities such as Istanbul and Trabzon receive great interest in the real estate investment sector and investors can achieve lucrative returns from real estate in these cities, and commercial real estate is among the suitable options for investment.

Investors can obtain Turkish citizenship by investing in real estate in addition, two main types of real estate are widely available in Turkey, which are commercial real estate and residential real estate residential real estate includes hotel apartments and studio apartments, while tourist cities are characterized by commercial real estate, especially during peak tourist periods.

 

Advantages of investing in commercial real estate in Turkey

Real Estate Portfolios in Türkiye
 

  1. High financial returns can be achieved from commercial real estate in Turkey, especially in active tourist and commercial cities.
  2. The commercial real estate sector in Turkey has a sustainable and stable demand, due to the continuous commercial activity and the increase in tourism in the country.
  3. Turkey occupies a strategic location that makes it a commercial center between East and West, which enhances the chances of success and prosperity for investment in commercial real estate.
  4. It provides investment opportunities in a variety of commercial sectors, including retail, hospitality, e-commerce, and industry, giving investors multiple investment options.
  5. It has a modern and developed infrastructure, which provides a suitable environment for investment in commercial real estate and facilitates the implementation of business.

 

What nationalities are prohibited from real estate investment in Turkey?

  1. Syrian nationality
  2. Cuban nationality.
  3. North Korean nationality.
  4. Cypriot nationality.
  5. Cuban nationality.

real estate in Turkey
 

Read also:

Real Estate Investment Opportunities in Istanbul

The Ultimate Guide for Commercial Properties in Istanbul

Real Estate Ownership in Türkiye   
 

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Faqs

Yes, foreign investors can obtain Turkish citizenship by investing in real estate with a value of at least 400,000 USD and meeting some other specified conditions.

 

In addition to the real estate purchase price, you should expect additional costs such as registration fees, real estate taxes, attorney fees, and real estate agency fees if you partner with a real estate broker.

Yes, you can rent out the properties you own in Turkey, and you can generate additional income from the rentals.