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.