Advantages Of Owning Real Estate in Turkey
The Turkish real estate market is distinguished by its vitality, and the regulatory laws that have promoted buying and selling tools. Its mechanisms have been set by controls that have played a positive role in developing this sector. The government has done well in marketing its properties through its laws that have provided many advantages for those who wish to own a property in Turkey.
Real estate is the most powerful way and the most prominent factor to strengthen the link between the investor and the Turkish labor market. Commercial real estate creates a new additional resource, as all investors wish to have multiple sources of income, in addition to buying a property in Turkey and staying in it makes the investor pursue his affairs and opportunities. Similarly, the fact that the property helps secure regular residence in an important country like Turkey, through the laws in force and effect.
The Turkish government has taken a set of serious and bold decisions to advance the real estate sector in recent years, by offering some incentives that encourage investment in it from foreign investors. Those decisions came in the investor’s field and its interest on the one hand, and supporting the Turkish economy and its real estate sector on the other.
The modern infrastructure projects in Istanbul, in particular, have raised their neighborhoods and municipalities to world-class levels, and perhaps the most prominent of them is the Zeytinburnu region, which is characterized by a unique location and a comprehensive renaissance, which places the investor in front of great options, through which he can earn in many areas In the real estate investment sector, whether by buying a house in Turkey, or by purchasing villas or shops, and even in the fields of industry and agriculture, real estate investment in Turkey is the best way to expand work in it and benefit from the advantages of buying a property in Turkey.
Taxes
These benefits include a series of decisions that specifically dealt with the real estate sector in Turkey, which played an active and positive role in motivating the foreign investor to acquire more real estate, which helped spread more blood in the veins of this important sector, and contributed to the revival of the real estate market in general. These rules exempt the foreigner from the value-added tax on the property.
Citizenship
Through a recent change in the Turkis Nationality law, an amendment came into effect. This decision grants citizenship to anyone who buys a real estate valued at $250,000 came an exceptional opportunity that does not hide its importance, and this decision included citizens of most of the countries of the world. The amendments include all members of the family of the new owner, from a wife and children under the age of 18.
Luxurious Real Estate at Better Rates than Europe!
The various attractions that attract attention in Turkey, from a wonderful climate, a promising economy, a huge real estate market, and many tourist and historical landmarks attracting tourists from different parts of the world to it, all this makes the investment and residence in Turkey a winning option and ideal by all standards.
Good Return on Investments
Real estate investment in Turkey real estate provides a profitable return on investment, based on the attractive power of tourism in Turkey, which is most evident in tourist periods and seasons, through the demand for rental homes during those seasons distributed throughout the year. The investment studied in real estate, which is highly sought after during the tourism season in Turkey, can provide an encouraging profit, and a good return on investment.
An Easier Cost of Life Than the Surrounding Region
The relatively low cost of living in Turkey with the availability of the necessities of a good life, and advanced living systems, provides a good opportunity for residence in Turkey. Medicine in Turkey is cheaper than all European countries, which has given the health sector in Turkey unparalleled prosperity and demand in recent years.
Mesmerizing Nature and Heritage
Turkey has a charming nature, and unparalleled appeal around the world, and a relatively mild climate, next to a civilization and a long history that showcases the wonderful cities of Turkey. Istanbul alone was ranked ninth among the most visited cities in the world in 2018, preceded by Berlin, Barcelona, Rome and Los Angeles, and other important tourist cities.
