The viability of the Turkish real estate market is the outcome of many factors. State’s qualified regulation is the major factor. Thanks to it, the housing sector in Turkey not only survived during the pandemic but also continued to recover. The official property portal https://turk.estate/en/ tells about the advantages that overseas investors have for buying Turkish property.
Investment platform of Turkey
The housing sector has an incredible power to strengthen the country’s economy and uphold its high status in the international arena. This statement is relevant for Turkey. To buy real estate in Turkey means to become the owner of a valuable asset with long-term growth. Own housing opens up new opportunities for the buyer, including living in a country and favorable climatic conditions and doing business.
For several years, the Turkish government has promoted the active development of the residential and commercial sector, thanks to which it was possible to attract investments from abroad. Entrepreneurs can work and earn money in the country, and the Turkish economy is a new incentive for growth.
Which areas are best suited for living and investing?
New infrastructure projects have played an important role in Turkish history. Istanbul was the most active here. Its districts and municipalities have managed to reach a world-class level of development.
The second and major region is Zeytinburnu, which developed actively and attracted investor attention. Houses, villas, apartments, shops, several agricultural areas, and commercial property were especially popular with buyers.
For foreigners, real estate in Turkey is the best option for adapting and expanding business in a country with a comfortable economic climate.
Major aspects of Turkish property ownership
Non-residents pay the same tax fees as residents. The rates here are much lower than in some European countries, which gives investors an additional incentive to purchase local apartments.
2. Turkish citizenship
Do you dream of moving to Turkey? In this case, getting a Turkish passport for real estate investment will be a pleasant bonus for you. The fundamental condition for non-residents is to purchase a home for $250,000 or more.
Turkey is a popular tourist destination worldwide, so the demand for housing here is always high. Owners who rent apartments and villas receive from 5 to 10% of annual net profit.
Assistance with buying a Turkish home
Take a chance to start searching for your dream flat on Turk.Estate! Hundreds of options are available for you from the homeowners in the best Turkish cities. Check with the managers on the portal to get additional information about the purchase of flats.