Real estate investment in Turkey has witnessed in recent years a great growth. At the beginning of last year, the growth rate reached 8.07%, and the Turkish government helped support this real estate sector significantly through several decisions. As soon as you buy a property in Turkey at an amount of at least 250 thousand dollars and register it in your name, you will obtain Turkish citizenship in addition to many huge projects at the global level, which we will learn about successively through which the government seeks to increase foreign investment in Turkey, and real estate is one of the most real estate markets. The most promising in Europe because of its strategic location at the crossroads of Europe, the Middle East and Central Asia, and Turkey provides opportunities for real estate developers to trade their real estate and invest in Turkey. Among the real estate projects that the Turkish government undertakes to encourage the real estate market in Turkey:
The opening of the new Istanbul airport and the Istanbul Canal (the new Bosphorus) in the European section of Istanbul, the aim of which is to work to reduce congestion in the Bosphorus and to avoid the risks of large ships and make the Bosphorus a tourist destination only, and the project is planned to be completed in 2023, and we do not forget the Afrasia tunnel, which connects between The two sides of the Asian and European city, which is two-story and dedicated to cars, in addition to the bridges that connect Turkish cities to shorten distances and time, such as the Sultan Osman Ghazi Bridge that connects Istanbul with Yalova, which shortens the distance between Istanbul and Bursa from 7 hours to approximately three and a half hours, the government aims by the end of 2023 to be All areas of Istanbul are connected to a modern transportation network, in addition to the new metro lines in Bursa and Gaziantep. The Turkish government is also seeking to adopt the idea of a transportation system and iron transport to reduce the cost of transportation between Turkish cities for Turks and foreigners in Turkey alike.
If you are one of the two tasks to achieve big profits through investing in the real estate sector in Turkey, especially investing in apartments, the location must be carefully and accurately chosen, and remember that the big cities in Turkey are considered one of the favorite cities for foreign investors, and choosing the city alone will not be enough, because the importance of the big cities in Turkey varies and differs from one neighborhood to another, so choosing the neighborhood is also very suitable for obtaining the most successful real estate project, and pay attention to the most vital cities that witness a demand for a wider segment of foreign investors.
People look for apartment locations closest to highways and modern transportation and transportation stations because they save effort and time during the transition, and this matter is considered one of the signs of comfort and stability while living in Turkey, which investors take into account for the success of their investment in Turkey, and one of the modern transportation lines in Istanbul: the Metrobus It is one of the fastest, longest, and best means of transportation in Turkey, followed by metro lines, tunnels that connect many districts and regions of Istanbul with each other, pay attention and remember that the properties that are well served by transportation are more expensive.
The successful investor is looking for real estate projects that will witness development, so a successful real estate investor thinks about looking for real estate in Turkey near the areas that will witness development and urban activity in a short period of time (between one to 5 years).
Among the places that can be relied upon in order to benefit from the future of real estate investment in them are the urban transformation areas, that is, the countryside and remote areas that the Turkish government plans to reconfigure in terms of housing and construction.
Likewise, the areas near which modern projects are witnessing such as the creation of a new metro station or the construction of an airport or a large and distinctive shopping center whose properties are promised a significant increase in real estate prices.
There are tips for investors to get the best option when buying a property in Turkey:
- Do not risk investing in money that is beyond your capacity, such as agreeing with the construction company in installments that you may not be able to secure on time, or taking a mortgage that is beyond your capacity.
- Choose the location of the property carefully, as the location is one of the priorities for the success of real estate investment in Turkey, the value of the property is based on the value of its location and address.
- If you want to invest your property for student or youth housing, then the best suitable areas are near transportation or located next to a large university in the city in which you invest
- If your investment goal is commercial, i.e. opening a store, market, barber shop, or restaurant, then the appropriate place is the city center, neighborhood centers, or wide and crowded streets.
- It is very convenient, which saves time and effort, and is even more secure than making wrong choices, is to deal with a successful, known and reliable real estate agent.
Related blogs:
How to get Turkish citizenship?
Turkish passport: types and features
Property prices in Turkey in 2020
Real Estate Residence in Turkey
How to Obtain Turkish Citizenship Through Real Estate Investment
Important real estate information in turkey
Turkish citizenship by investment
turkish residency by investment
turkish passport by investment
Buying a property in Turkey
Buying apartments in Turkey
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