Why invest in Turkey real estate

We will take a look together at the most important reasons why investing in real estate in Turkey is a successful and sustainable option for many investors.

We will explore a number of reasons why investing in real estate in Turkey is a promising and sustainable option and we will take a look at the development of the real estate sector in the country, and we will review the opportunities for financial returns and expected economic growth, in addition to the government policies that stimulate investment and development, all you have to keep reading to know more details and information..

Reasons for the rush of foreigners to invest in real estate in Turkey

1. Turkey offers an appropriate and encouraging investment environment, as it maintains laws that encourage real estate ownership by foreigners and provides legal protection for the rights of investors.

2. Turkey is witnessing continuous economic growth, which leads to an increase in demand for real estate, whether from local residents or foreigners.

3. Despite the economic development, real estate prices in Turkey are still reasonable compared to many other countries, which provides an opportunity for investment at an affordable cost.

4. Turkey offers a wide variety of properties, ranging from apartments and villas to commercial properties and hotels, allowing investors to choose from a variety of options.

5. Some programs in Turkey offer an opportunity for foreigners to obtain Turkish citizenship or a real estate residence permit when buying a property in Turkey at a specified value, which attracts many investments.

6. Thanks to its strategic location between the European and Asian continents, Turkey is a meeting point of cultures and markets, which increases its attractiveness as an investment destination.

7. Turkey contains a wide range of attractive tourist attractions such as Istanbul, Cappadocia and Antalya, which increases the attractiveness of real estate as a tourist investment.

8. Turkey has improved its infrastructure with the expansion of transportation and infrastructure projects, which enhances the attractiveness of different regions for investment.

9. Thanks to the continuous demand and economic development, foreign investors can make good returns on their investment in real estate in Turkey.

The future of investing in real estate in Turkey

1. The real estate market in Turkey has witnessed rapid growth in recent years, and this growth remains steady without any signs of slowing down, as the government offers a variety of attractive factors to investors and these factors include a stable political environment, a growing economy, and a privileged strategic location.

2. The real estate market in Turkey is expected to continue its growth path in the future, thanks to the continuity of economic growth and the increasing demand by local and foreign buyers, and real estate prices are likely to continue to rise, especially in urban areas such as Istanbul and other large cities.

3. The real estate market in Turkey is an attractive investment destination that offers great opportunities for investors, as individuals who aspire to buy real estate in the country should seize this opportunity as soon as possible to take advantage of the current positive conditions in the market.

What are the papers required to invest in real estate in Turkey?

1. You will need a valid passport to travel to Turkey, and then you must apply for a residence permit

2. You must open a bank account in Turkey to carry out financial transactions related to the purchase of the property, such as money transfer and payment procedures.

3. When applying for a residence permit, you will need to provide proof of your income, such as payment slips and tax returns, to show the source of your annual income.

4. You will need to obtain a Turkish tax number to buy real estate in Turkey, and you can obtain this number through the residence permit application.

5. If you are not fluent in the Turkish language, it is best to hire a professional lawyer to help you with the process of buying real estate in Turkey and ensure that you are guided through the legal procedures.

The most prominent areas to invest in real estate in Turkey

Here are the most popular areas to invest in real estate in Turkey:

1. Istanbul city:

Istanbul is the largest city in Turkey and one of the most popular travel destinations in the world and it is full of wonderful historical landmarks such as the Blue Mosque and Hagia Sophia and it is a major commercial center with a thriving economy.

2. Ankara city:

Ankara, the capital of Turkey and the second largest city in the country, enjoys the presence of many government agencies and companies, along with its cultural and archaeological attractions that make it an attractive tourist destination.

3. Bursa city:

Bursa is one of the largest cities in Turkey, and it is located in the northwest of the country, containing many historical monuments such as the Green Mosque and the Green Mausoleum.

4. Antalya city:

Antalya is the capital of tourism in Turkey and is characterized by its stunning beaches and warm weather and it is an attractive destination for retirees, thanks to its comfortable lifestyle, international schools, health facilities and shopping.

5. Izmir City:

Izmir is the third largest city by population in Turkey, located on the coast of the Aegean Sea and is characterized by its beautiful beaches and a large port, and is considered a major economic center with industrial diversity.

Investing in real estate in Turkey for the purpose of Turkish citizenship

The total value of the purchased property must not be less than 400 thousand US dollars, which is a value considered suitable for obtaining Turkish citizenship and a Turkish passport,

In addition, the foreign investor must commit not to sell the property for a period of not less than three years, which is the minimum period for holding it.

The nationality of the foreign buyer or investor must not be one of the nationalities prohibited from purchasing, and this list includes only five nationalities: Syrian, Cuban, Armenian, North Korean, and Cypriot (except for Turkish Cypriot citizens).

Common questions

What does it mean for foreigners to own real estate in Turkey ?

Turkey facilitates the process of foreign ownership of real estate, as foreigners can buy real estate in Turkey freely, while providing legal procedures that protect their rights as real estate owners.

Is it possible to obtain residency in Turkey by investing in real estate?

Yes, foreign investors can obtain a real estate residence permit in Turkey by purchasing a property worth $75,000, and this enhances the attractiveness of investment in real estate.