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How Covid-19 Effects Turkish Real Estate Market?

How Covid-19 Effects Turkish Real Estate Market?

Even though Turkey is quite successful in the ranking of the fight against Covid-19, the disease has affected Turkey as well as all over the world. While many sectors are economically affected by this situation, the effects have also been in Turkey’s real estate market.

Real estate market fluctuations began to occur. The main reason for this decline against previous high market conditions is, of course, new travel restrictions. But that doesn’t have to be an obstacle to investors.  Affordable homes are still waiting for investors in the immobile market. In fact, in this period, the prices are affordable, more than it has been in the past years. The only question on your mind must be “How to buy property from Istanbul Online?” It is the answer is simple: Turesta.

How Covid-19 Effects Turkish Real Estate Market?

Buy Online Property

Turesta is a well known real estate agency of Turkey. It has the widest and most up to date portfolio in the Istanbul market. On its page, every listing has a detailed explanation, with location information, videos and price information. You can relax knowing that you will not pay any commission or agency fee with Turesta. The price you see is the price you pay!

Turesta’s expert team is working remotely to answer all of your inquiries and can organize virtual Skype meetings with developers, to organize virtual tours of the property/properties you are most interested in.  During this process, our dedicated and professional team can answer all of your questions to give you peace of mind.  Once you have made your decision, a reservation fee is enough to start the buying process.

Turesta’s After Sales Team can help you to arrange a Power of Attorney, following which we can continue the process of buying your property, without you having to leave the security of your own country.

Turkish Real Estate Market:

Investment Opportunity: 25% Discount

The project you should see as an investment opportunity during this period is TUR214 with a 25% discount. What makes the TUR214 project different as a concept is that the project offers you the standard services. (Even you don’t aware that you have needed.) For example, you can see the traffic density when you leave your home. Or another example, you can arrange to air-condition at your home when you are on the way home.  Moreover, the projects offer life not only with smart home automation scenarios. But also with extraordinary architectural solutions in order to provide security measures, white goods, lighting, power/energy saving, and necessary comfort for modern life.

Are you asking yourself why I would buy this project? We have six simple answers:

  • 25% Discount
  • Art&Smart concept
  • Location advantage
  • Investment advantage
  • Smart home system
  • Modern architecture

If you are interested in learning more about how to buy a property in Istanbul, from the comfort of your home. Please call or message us.  Our Consultants are waiting to call you back, to explain how you can soon be the owner of a new property in Istanbul, with minimal effort! Alternatively, check out the FAQ page on our website. You can also find more information about the services we offer.

 

 

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Coronavirus And How You Can Still Invest in Turkish Real Estate

As Turkey introduces more measures in order to beat the Coronavirus, coupled with the news that flights from 46 more countries are banned from entering the country. There is little doubt that Covid-19 is affecting many lives and livelihoods.

However, despite such desperate times, many investors are still considering how they can acquire new properties. They are also considering how they can acquire and/or passports, in safer countries. (For themselves and their families.)

The good news for investors is that, as borders close and fewer buyers are visiting Istanbul, there are fewer property sales, which can only mean that developers are worried.  This is turn is sure to see some good deals available, as developers are keen to make an extra sale. 

Fortunately, with the aid of modern technology and improved communications, Investors are able to take advantage of this situation, and beat the travel restrictions, by buying property without even visiting Istanbul – here’s how.

How to buy property from Istanbul Online

Turesta has the widest and most up to date portfolio in the market. Every listing has a detailed explanation, with location information, videos and price information.  And, with Turesta, you can relax knowing that you will not pay any commission or agency fee.  The price you see is the price you pay!

Turesta’s expert team is working remotely to answer all of your inquiries and can organize virtual Skype meetings with developers, to organize virtual tours of the property/properties you are most interested in.  During this process, our dedicated and professional team can answer all of your questions to give you peace of mind.  Once you have made your decision, a reservation fee is enough to start the buying process.

Turesta’s Aftersales Team can help you to arrange a Power of Attorney, following which we can continue the process of buying your property, without you having to leave the security of your own country.

Finding and Buying Real Estate in Turkey for Sale

Advantages of Buying Property Online

Knowledgeable investors know that timing is everything!  As the property market reels from the current situation, when working with Turesta, you are in the best possible position!

By buying online you have the advantage of having the time of your side, without having to worry about travel constraints, battling with traffic, etc.  All the information you need will be at your fingertips, direct from our website, or from our experienced and knowledgable consultants – who will liaise with the developers, and handle all the buying process, on your behalf, keeping you informed every step of the way, in a hassle-free and secure manner.

With the widest and the most up to date portfolio in the market, Turesta has a reputation for fair-trading, honesty, and credibility, which is why we continue to have good relationships with our customers, who have so far bought over 20.000 houses, with our help.

You will not pay any commission or agency fee…

One of the cornerstones of our success is that the properties we choose high standards of quality and design. Also, we choose it in optimum locations. Are you are looking for a home to live in or making a rational investment plan? We ensure that you get the best value for your money.   Not forgetting that, when you make a property purchase through Turesta, you will not pay any commission or agency fee.  The price you see is the price you pay!

Istanbul is a place for family life and a growing investment market for domestic and foreign investors. The city has many luxury flats and cheap houses for sale. There are also incredible luxury villas which are attracting investors’ attention.

If you are interested in learning more about how to buy a property in Istanbul, from the comfort of your home. Please call or message us.  Our Consultants are waiting to call you back, to explain how you can soon be the owner of a new property in Istanbul, with minimal effort!

Alternatively, check out the FAQ page on our website.Yyou can also find more information about the services we offer.

 

 

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Finding and Buying Real Estate in Turkey for Sale

Finding and Buying Real Estate in Turkey for Sale

Turkey is one of the most preferred countries in the search of investment. If you have been thinking about buying real estate in Turkey, whether for investment or living, now the best time. Therefore, in this article we want to introduce you to Turkey real estate market.

Where is Turkey?

Turkey is officially known as the Republic of Turkey. It is located at the crossroads of the Balkans, Caucasus, Middle East, and eastern Mediterranean. The country is a unique one which connects Asia and Europe. The part of Turkey in Europe is separated from Anatolia by the Sea of Marmara, the Bosporus and the Dardanelles. The country is positioned 95% in Asia and 5% in Europe. It is also surrounded by sea on three sides. The Mediterranean in the south, the Aegean in the west, and the Black Sea in the north.

Finding and Buying Real Estate in Turkey for Sale

Where Is The Capital of Turkey?

Ankara is the capital of Turkey. The city became the Turkish capital on 29 October 1923. It is the second largest city of Turkey. First largest city of Turkey is Istanbul. It located at the centre of Turkey’s road and railway networks. And Ankara also is one of the important commercial and industrial city of Turkey.

Turkey Real Estate

The real estate market in Turkey achieved nearly $29 billion in income in between 2011-2018. Istanbul was the first province with 58.488 sales in between 2015 and January 2020. According to information provided by the Turkish Statistical Institute (TurkStat), nearly 1.35 million housing units were sold in Turkey in 2019. While up to 45,500 houses were bought by foreigners, seeing a 14.7% increase compared to the previous year. In January 2020, 3.907 houses were sold to foreigners. In house sales to foreigners became 3.907 by increasing 23.3% compared to the same month of the previous year. Istanbul was the first province with 1.875 sales in January 2020. 

Real Estate in Turkey for Foreigners

Turkey welcomes foreign investors due to its advantageous programs. An investor may become eligible for Turkish citizenship upon purchase of real estate. When you buy property/properties, with a combined value of at least $250.000, you can apply to the Tapu Office and request to obtain Turkish Citizenship. Turkey has a privileged citizenship program for investors called “The Turkish Investor Program”. The program enables an investor to receive a Turkish Passport with same rights as a Turkish citizen. For more information about citizenship program, you can visit our “The Turkish Investor Program” page.

Which City is the Most Popular According to Real Estate Market?

The largest city in the country is Istanbul which natural bridge between Europe and Asia. It is the favorite destination for travelers with its nature, history and culture. Many thousands of tourists visit Istanbul every year, to savor the extensive historical sites which date back to the 6th century BC. The city divided into 39 districts.

The positive side to Istanbul is that it has a variety of options in terms of lifestyle, from a modern environment to traditional local settings. It boasts many appealing aspects such as a multicultural society, rich history and an advantageous geographical location. The city has many luxury flats and cheap houses for sale. There are also incredible luxury villas that attract investors’ attention. Buying real estate from Turkey can be a challenge. 

Real Estate Market in Istanbul

Istanbul is a place for family life and a growing investment market for domestic and foreign investor at the same time. The city has many luxury flats and cheap houses for sale. There are also incredible luxury villas that attract investors’ attention.

You can find properties in Istanbul with high standards of quality and in an optimum location to fulfill your expectations. Whether you are looking for your own home, or an investment property. Istanbul has a wide variety of real estate options.

International financial & real estate experts such as Deloitte, HSBC, Bloomberg, KPMG and Knight Frank are expecting property prices in Istanbul to keep soaring up in the next 5 year period due to below reasons:

    • It’s now cheaper and faster to build new properties thanks to improved construction technology
    • Increasing house prices driven by the demand & young population
    • Rising foreign demand in Turkish property market
    • Actual and forecasted record levels of tourism in Turkey
    • Extremely healthy economic conditions of Turkey

Istanbul Real Estate Statistics

In the 2019, real estate sales to foreigners in Turkey reached its highest level. Istanbul took the first place with 18,207 homes corresponding to an increase of 50 percent compared to previous year in 2019 Statistics. Turkish Statistical Institute (TurkStat) has announced that 113,615 houses had been sold in Turkey in January 2020. Istanbul took the first place again in list. It followed by Ankara with 11,989 house sales.

As a Real Estate Agency Turesta’s History

Buying real estate or any property in a foreign country, especially coupled with a Citizenship application, can seem very complicated.  Without doubt you need to find a professional and trustworthy real estate lawyer to guide you through your property purchase and Turkish Citizenship application. For that reason, you may have already discovered that there are many real estate agencies in Turkey.

What sets us apart from them is our integrity. As Turesta, we have a reputation for fair-trading, honesty and credibility, which is why we still have good relationships with our customers, who have so far bought over 20.000 houses, with our help.

One of the cornerstones of our success is that we always choose properties which have high standards of quality and design, in optimum locations. Whether you are looking for a home to live in, or making a rational investment plan, we ensure that you get the best value for your money. Furthermore, when you make a property purchase through Turesta, you will not pay any commission or agency fee.

If you are interesting in learning more or need advice regarding neighborhoods, please call or message us. You can also visit our office to have a chat with a specialist. For more information you can also look our FAQ page and services. 

 

 

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March 2020: Now is a great time to invest in Istanbul

Istanbul has long been a favorite destination for travelers whether for business or pleasure. And the number of property sales to foreign investors continues to grow. However, with the recent news announcement, which proves that there is every reason to be confident in Turkey’s economy. The property market is bound to see even more sales to foreigners over the coming months.  Of course, prices will rise, to meet demand, so there really hasn’t been a better time to invest in Istanbul!

Turkey’s Economy

Official figures just released show that Turkey’s economy grew by 0.9% in 2019, with GDP standing at $755 billion last year.  These figures have resulted in Fitch ratings upgrading Turkey’s 2020 GDP forecast by 0.8% to 3.9%, according to Douglas Winslow, the ratings service’s director, who explained that confidence in Turkey’s economic growth is increasing.

Turkish Government’s Plans

The Turkish government have also released plans which show acontinuing commitment to investment in Turkey’s economy, with 11 projects receiving funding totaling some $71m.  This announcement, together with news that further support is being introduced to increase Turkey’s tourism market, by removing the visa requirement for several countries, aiming to attract around 75 million foreign tourists by 2023, was welcomed by financial markets and industry bosses.

Undoubtedly foreign visitors will also see the opportunity to invest in the country’s property market and property sales to foreign investors is expected to increase month by month during 2020.

Invest in Istanbul, Turkish Citizenships and More…

Another indication that buying a new property in Istanbul is at the forefront of investor plans was confirmed by the news that Turkey has already granted more than 5,000 Turkish passports since legislative amendments were made 2 years ago. Turkey’s Interior Ministry said a few days ago that citizenship applications continue to rise, with 5,111 Turkish citizenships already issued, and a further 9000 still being processed.  Acquiring Turkish citizenship is an easy process for investors who buy Turkish real estate to the value of $250,000.  This figure was substantially reduced 2 years ago whichh ledled to a boom in demand for residential properties across the country.

According to information provided by the Turkish Statistical Institute (TurkStat), nearly 1.35 million housing units were sold in Turkey in 2019, with up to 45,500 houses being bought by foreigners –  a 14.7% increase compared to the previous year.

If you have been thinking about buying a home in Turkey, whether for investment or living, now is the best time. Furthermore, Turesta’s reputation for integrity and good service. backed up with a no-fee service, and smart legal team will ensure your purchase and citizenship application is a smooth and easy process.

As one of the industry’s longest established companies Turesta Real Estate offers  the best  service for investors. With our finger on the pulse, we are fully aware of latest legislative changes and offer sound advice and support to all investors. .  Our experienced Aftersales Department   can take care of your property, whether you are looking for a simple key holding and bill payment facility, or need to earn money by renting your property, our team is at your service in Istanbul

Turesta, a name you can Trust

For further information, or advice about investing in Istanbul , please call or message us. 

You can also visit our office in Istanbul, to  chat with a specialist

For more information please check out  our FAQ page and services.

 

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Istanbul, Turkey – Real Estate News February 2020

Istanbul, Turkey – Real Estate News February 2020. Yesterday saw an exciting news announcement. Turkey is relaxing visa rules for several countries, in an attempt to increase tourism and attract new business links.  A natural follow on from this rule, is that new visitors to Turkey will undoubtedly see the potential for buying property. They see the potential in places like Istanbul, Antalya, Bodrum etc, which will lead to increasing prices to meet demand.

The new law, aimed at attracting new visitors to Turkey, will come into effect from 2nd March, 2020, following which Real Estate experts believe that property sales to foreigners will increase.  Istanbul in particular is bound to attract more foreign property buyers, who may want a holiday home in this most exciting of cities, whilst other investors in Turkish property will buy in order to take a Turkish Citizenship by Investment.

Real Estate News Alert February 2020: Over 1.35 million Turkish properties sold in 2019

The sale of property in Turkey continues to rise, and foreign buyers were responsible for 45,500 house sales in 2019. An increase of over 14% on 2018 – over 20,000 of these being in Istanbul. It is one of the world’s favourite cities for tourism, education, business and living.  These figures are expected to increase in 2020, particularly with the news that travellers from the United Kingdom, Austria, Belgium, the Netherlands, Spain and Portugal will no longer have to apply for a travel visa, which will no doubt see property sales to foreign Investors reaching new heights.

As one of the industry’s longest established companies Turesta Real Estate is best place for investors. We offer advice and support to all investors. We are here with an excellent legal team to assist with Citizenship applications. And also we have a very experienced Aftersales Department who will look after your property in your absence. Turesta offer a commission-free service, backed up with our promise of competence, confidentiality and continuing service.

If you are interesting in learning more or need advice regarding neighborhoods, please call or message us. You can also visit our office to have a chat with a specialist. For more information you can also look our FAQ page and services.

 

 

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Everything About Real Estate Market in Turkey 2020

Turkey is a unique country which connects Asia and Europe. It boasts many appealing aspects such as a multicultural society, rich history and an advantageous geographical location. Just some of the reasons why Turkey is one of the most preferred countries in the search for investment about real estate. 

One of the best markets for foreign investors is the real estate market in Turkey. It continues to grow, day by day. This interest can be attributed to many factors. One of which is Turkey’s investment program, which offers dual citizenship to Investors.  Notably, the Turkish real estate market continues to attract increasing attention from foreign investors in 2020.

Real Estate in Turkey for Foreigners

Turkey welcomes foreign investors due to its advantageous programs. An investor may become eligible for Turkish citizenship upon purchase of real estate worth at least $250,000, in any area of Turkey. This program is called “The Turkish Investor Program”, which is a privileged citizenship program.

The program enables an investor to receive a Turkish Passport with same rights as a Turkish citizen, including the right to live, work, and enjoy easy access to the Schengen zone countries. Furthermore, through this program, for which demand is increasing every day, investors may also have the right to work and set up their own business .  They can also have access to education and healthcare services in Turkey.  In short,  when applying for Turkish citizenship, an investor may easily have a Turkish passport and become a Turkish citizen with full rights.

 

How Does the Citizenship Application Process Work in Turkey?

When you buy property/properties, with a combined value of at least $250,000, you can apply to the Tapu Office (General Directorate of Land Registry and Cadaster), and request to obtain Turkish Citizenship.

Your application is. sent to the Ministry of Environment and Urbanization, whose Appraisers check and verify the value of the property. The Ministry then places a statement on the Tapu (title deed) stating that you may not sell it for 3 years.

They then send your application to the General Directorate of Population and Citizenship Affairs. You are later invited to give your signature and receive your ID card and Turkish passport. Do not forget all nationalities who are able to buy property in Turkey, may apply for Turkish citizenship by investment.

Real Estate in Turkey for Sale – Buy Real Estate in Turkey

Most investors have the same question in their mind “How much is the total cost for my investment?”. Whilst this is a really good question, unfortunately there is no simple answer. The cost of buying a property in Turkey varies, within the range of 1% to 20%, depending on the investment you choose.

First of all there  are two major taxes you should consider when buying a property/properties.  The first one is the Purchase tax, also known as VAT. It is calculated according to specific variables of the property you choose, such as size, quality, location etc, and can be either 1%, 8% or 18% depending on certain criteria.  However, if it is your first property purchase  in Istanbul, you can take advantage of 1% VAT.

The second tax you should consider is Title deed transfer cost. Title deed transfer cost is determined by the Tapu Registration office and is calculated as 4% of the property purchase price. The Title deed transfer cost can sometimes be covered by the construction company depending on the project.  Alternatively, if you were to invest in an urban redevelopment project, you could benefit from a tax exemption scheme which covers the cost of the title deed transfer.

Thus, although there are many variables to consider when calculating the actual cost of your property purchase, we can say, in short, that you will pay an average of around 8.5% in taxes, on top of the property price, for your investment.

Real Estate Agents Turkey

You may have already discovered that there are many real estate agencies in Turkey. What sets us apart from them is our integrity. As Turesta, we have a reputation for fair-trading, honesty and credibility, which is why we still have good relationships with our customers, who have so far bought over 20.000 houses, with our help.

One of the cornerstones of our success is that we always choose properties which have high standards of quality and design, in optimum locations. Whether you are looking for a home to live in, or making a rational investment plan, we ensure that you get the best value for your money. Furthermore, when you make a property purchase through Turesta, you will not pay any commission or agency fee.

Luxury Real Estate vs. Cheap Real Estate 

Turkey is a big country and Istanbul is the most lively, historical and socio-cultural city in Turkey. Every investor can find whatever property he or she is looking for here. For example, If an investor is looking for a quiet, peaceful luxurious real estate to live in, he can find the most stylish properties in Istanbul.

Luxury real estate in Istanbul have many features such as private gyms, advanced security systems, safe parking facilities, restaurants etc. With well-planned spacious kitchens, modern stylish rooms and advanced design approach, the resulting quality of life serves to increase the value of your house. 

With so many different options to consider, it can seem difficult to find a property that is both luxurious and affordable. If you are an investor and you are looking for a cheap but also luxurious real estate, we can help you find it. We are confident that, with our experience in the sector, we can find you the best properties in Istanbul for Turkish citizenship by investment program – and we won’t charge you commission or agency fee.

Real Estate Lawyers in Turkey

Buying any property in a foreign country, especially coupled with a Citizenship application, can seem very complicated.  Without doubt you need to find a professional and trustworthy real estate lawyer to guide you through your property purchase and Turkish Citizenship application.

Turkey Real Estate Statistics

The real estate market in Turkey achieved nearly $ 29 billion in income in between 2011-2018. Istanbul was the first province with 58.488 sales in between 2015 and January 2020.

The number of foreign investor in Turkey in between 2013-2019;

  • 2013 – 12.181 foreign investors
  • 2014 – 18. 959 foreign investors
  • 2015 – 22.830 foreign investors
  • 2016 – 18.189 foreign investors
  • 2017 – 22.234 foreign investors
  • 2018 – 29.663 foreign investors
  • 2019 – 45.483 foreign investors

2019 Real Estate Sales for Foreigners

Turkish Statistical Institute (TUIK) announced the real estate sales statistics for the period of December 2019. Sales of real estate to foreigners increased by 14.7 percent in 2019 compared to the previous year. Istanbul took the first place in December 2019 with the sale of 2,650 real estate. Istanbul province was followed by Antalya with 957 real estate sale, Ankara with 317 real estate sale, Bursa with 212 real estate sale and Yalova with the sale of 154 real estate.

In January 2020, 3.907 houses were sold to foreigners

In house sales to foreigners became 3.907 by increasing 23.3% compared to the same month of the previous year. Istanbul was the first province with 1.875 sales in January 2020. The followers of Istanbul were Antalya with 762 house sales,. Ankara with 235 house sales, Bursa with 163 house sales and Yalova with 128 house sales.

House sales for foreigners, January 2020

Source: TUIK (Turkish Statistic Institute)

What is the Outlook of Istanbul Property Market?

International financial & real estate experts such as Deloitte, HSBC, Bloomberg, KPMG and Knight Frank are expecting property prices in Istanbul to keep soaring up in the next 5 year period due to below reasons:

  • It’s now cheaper and faster to build new properties thanks to improved construction technology
  • Increasing house prices driven by the demand & young population
  • Rising foreign demand in Turkish property market
  • Actual and forecasted record levels of tourism in Turkey
  • Extremely healthy economic conditions of Turkey

Best Real Estate

Finding the perfect home for yourself and your family can be challenging. Your expectations and your budget are going to be the first two important points in your search. When you tell us the kind of property you are looking for, and your preferred region, we will prepare a portfolio of selected properties, based on your requirements. Once you have completed your real estate investment, you will be entitled to apply for Turkish citizenship.

Turesta’s legal team and. After-sales Department will be at your service to offer guidance and assistance in all stages of your property purchase and. Citizenship application, including management of your property, if the purpose of your purchase is to achieve rental income.

Real Estate Companies and Agencies in Turkey

Istanbul is a place for family life and a growing investment market for domestic and foreign investor at the same time. The city has many luxury flats and cheap houses for sale. There are also incredible luxury villas that attract investors’ attention.

You can find properties in Istanbul with high standards of quality and in an optimum location to fulfill your expectations. Whether you are looking for your own home, or an investment property. Istanbul has a wide variety of real estate options.

In other words, the real estate market of Istanbul appeals to different investors for different reasons. If you are interesting in learning more or need advice regarding neighborhoods, please call or message us. You can also visit our office to have a chat with a specialist. For more information you can also look our FAQ page and services. 

 

 

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Excellent Reason to Invest in Turkey

Turkey is one of the most preferred countries in the search for investment. As the first three reasons for this, we can say its geographical, social-cultural and economic position. Low costs, medium and high yields, economic growth and the legal advantages offered by the country can be given as other reasons for investment. In this article, we have compiled 4 reasons to invest in Turkey.

1. Turkish Citizenship

Turkey offers citizenship investment program. The Turkish Investor Program is a privileged citizenship program which enables you to. receive a Turkish Passport, with the right to live, work, and enjoy easy access to Schengen zone countries, by investing in Turkish real estate.

In 2018, Turkey announced that the amount of investment required to apply for citizenship is $250,000. With the amount of investment previously reduced from 1 million to $250,000, many investors had the chance to become both hosts and Turkish citizens.

2. Strategic Location

Turkey is one of the most visited countries in the world. Also, it is a natural bridge connecting Asia and Europe. It has many trade routes throughout history. Nowadays, Turkey still has a strategic location that is commercially sensitive for Asia, Europe and Africa.

 

3. House Prices and Low Cost of Bills

In recent years, Turkish lira lost value. As a result of this situation, Turkey’s international housing sales increased. Corporate Income Tax reduced from 33 percent to 22 percent for 2018, 2019 and 2020. Foreign investors may be exempt from this tax in whole or in part in some special cases.

4. Young Population

Turkey’s young population is very large compared to European countries. The young population is important for investors who come for real estate investment and business purposes.

If you are interested in buying property Turkey and want more information or advice about Turkish property law, or any other issue you can call or message us. You can also visit our office to chat with a specialist.

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4 Major reasons to invest in Turkey

4 Major reasons to invest in Turkey

Istanbul is one of the major cities in the world, due to its location in the center of the world, linking two continents, Europe and Asia, the variety of cultures and the great history behind this city. 

Turkey has become one of the most competitive markets in the world in the foreign investment sector, since the change of foreign direct investment law in 2003. 

From 2003 until 2016, foreign direct investment in Turkey had developed to 180 billion USD.

The government has made major changes in real estate sector, to encourage investors from all over the world to come and invest in properties in turkey. They created many incentives and facilities which made it easier for foreigners to get their title deeds and any person who spends more than 250,000 USD on a property is authorized to get a Turkish citizenship. Turkey also improved the investment environment by decreasing the costs and transactions to establish a company in Turkey, simplifying the procedure and protecting the rights of investors in Turkey.

First reason, Turkey has a strong economy that will keep growing and moving forward year after year with all the problems and political conditions in the region. Turkey’s economy occupies the 17th position in the world. Economic experts predict that by 2020, the Turkish economy will be part of the trillion dollar ranks along with the top 10 other economies in the world such as Russia, China and the USA.

Turkey in the last 14 years has become a manufacturing center for many international companies such as Ford and Nestle.

There are over 500 international companies in Turkey specializing in different sectors like agriculture, textile, manufacturing and processing, health and medical care, construction and transportation. 

Last year exportation in Turkey reached 20 billion from different industries. The successful development of the Turkish economy is a result of the 2023 vision plan for Turkey.

Second reason is the strategic location of Turkey, it is the bridge between the east and west which makes it a perfect location for investment. Surrounding nations are all interested in mutual successful investment partnerships with turkey, from Asia to Africa, middle east and Europe.

Turkey’s perfect location makes it also attractive to tourists from all over the world. These existing facts will develop even more with the new Istanbul airport that will be a major international hub for tourists and business investors. The new airport promises a brighter future to Turkey and to Istanbul specifically, which is proved by the big investments that are taking place around the area that surrounds Istanbul New Airport.

Third, the urban infrastructure in Turkey have seen strong improvements. Turkey is becoming the world leader in infrastructure. Major projects have been made to improve the conditions of highways that were ignored for so many years, and new roads and bridges have been created to make life easy and avoid traffic.

Besides that, ongoing mega projects are taking place in turkey which will help in the growth of turkey’s economy such as the new canal of Istanbul, the third new airport, the big tunnel and other factors. 

In the real estate sector, suburbs are turning into modern megacities which shows that the standard of living is also developing. Many constructions, modern housing projects and towers have been created for foreign buyers to invest in buying properties in Turkey.

Integrating social and community features with these modern houses along with stunning views, and the high modern technology made Istanbul more attractive to investors to buy a property in Istanbul.

Fourth, Turkey’s future looks very bright with all the achievements reached in the last 20 years. It is a country with great opportunities, prospects and big vision. With the determination and strength, it proved to the whole world that it could recover in the past 3 years after the terror attacks that happened in 2016 in Turkey and other countries around the same period.

The results of turkey’s economic growth and development in the past years are impressive. Turkey still has 5 years to complete the 2023 vision plan which will enable Turkey to become one of the top economies in the world, most visited country and one of the best tourist destination.

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Istanbul New Airport, the largest airport in the world.

Istanbul New Airport, the largest airport in the world.

Istanbul New Airport opened its doors officially on October 29, 2018 and is the biggest infrastructure investment that has been ever made in Turkey. It will be the main airport of Istanbul by April, 2019. The new airport is expected to be one of the largest airports in the world with an annual capacity of 200 million passengers and will require two terminals, operating flights from Istanbul to more than 350 destinations. Holding this great capacity will result to connecting Istanbul even more to the rest of the world enabling the Tourism sector to grow remarkably.

It is stated that the airport holds 6 independent runways, 16 taxiways and a massive parking lot. In addition to the plane parking which has the capacity to hold 500 airplanes suitable to operate any type of aircraft. The airport also includes shops, duty free areas, VIP halls, restaurants, hotels, health centers and mosques. The airport’s Terminal 1 will provide a large space for passengers to move freely and will have an arched ceiling providing natural sunlight with a subtle geometric design. The new airport will also cover all the facilities to ensure the safety and comfort of the passengers, branding Turkey as one of the most developed countries of the world. 

The new airport will offer jobs to more than 225.000 people by 2025 providing income with a value of 4.5 Billion USD to several Turkish house holds and having a share approximately 4.5% in GNP. These numbers alone show how efficient and beneficial the existence of this airport can be to Istanbul and the rest of the country.

With the opening of the new airport, Istanbul will take a greater part in the aviation sector since it has been known to connect the East and West for years. This airport will be a driving power to improve the Turkish economy, bringing new investments and business to the country.  Turkey’s position will be consolidated as a new center and a link connecting the world and driving foreign projects to the region. 

Istanbul New Airport will be a key factor to the growth of tourism and the improvement of the Real Estate market in Istanbul bringing new projects to the table. Statistics prove that the first months of 2019 have shown an increase in Istanbul property sale by 87% compared to that same period last year. It is also estimated that this growth will keep rising year after year.

Ever since the airport opened its doors to foreign visitors, foreign investors started showing interest in purchasing lands around the area of the airport. The airport location is in the northwest of the city in the district of Arnavutkoy in the European side of Istanbul. New projects and residential units were built in that area and foreign investments were generated mainly by Arab businessmen from Saudi Arabia, Qatar, Kuwait and Lebanon. 

Istanbul New Airport’s location will be transformed into an attraction center. New shopping centers, residential units and hospitals will be established and a new metro line will be constructed to facilitate transportation and eliminate traffic.

The new projects will be built on a large scale connecting new areas to the city center and allowing real estate in Istanbul to expand and grow.

Istanbul’s cultural heritage and geographical position allowed it to become a joint assembling many countries and enabling them to generate business with one another which is why many trade conferences are being held in Istanbul. Also with the remarkable third airport opening, showcasing new technologies and facilities. Foreigners are drawn to investing in Istanbul, as the new hub for business and leisure. Thus Istanbul will continue to grow as an industrial capital hosting many international summits and attracting diverse foreign investments in many sectors. 

The real estate field in Istanbul is observing an increase in properties sales hand in hand with the opening of the third airport in Istanbul. Real Estate experts confirm that Turkey has become one of the most chosen countries for investment and buying luxury homes, after the establishment of the Istanbul New Airport. The airport will rank Turkey among the top 10 global economies, which will drive many investors from the neighbor countries to consider purchasing properties in Istanbul

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