10 Benefits of Investing in Real Estate in Turkey

Turkey has gained a lot of attention in recent years for its rapid growth in the real estate sector, making it an ideal investment destination. This is because the country offers great benefits to foreigners.

The hospitality, inclusivity and strong culture fascinate foreigners and make them invest in the real estate market.

The number of houses sold in Turkey in 2020 was 1,499,316 units, an increase of 11.2% over 2021, according to data from the Turkish Statistical Institute
In today's blog, Property Superiors shares the top 10 benefits of Turkish real estate investing that attract global investors to invest in local real estate. let's start!

1. Competitive Real Estate Prices

Anyone who has explored the Turkish real estate industry knows that prices are very low here, especially compared to the US and European real estate markets. However, this doesn't come at the expense of quality. Properties here offer amazing value and development similar to European countries.

With the dynamism of the market, Turkey has something to offer every budget.

Historic landmarks, tourist attractions, natural wonders and a thriving real estate industry attract people from all over the world for permanent residency here.

2. Economic Development

There is no doubt that the Turkish economy is developing at an unprecedented rate and showing steady growth.

According to Investopedia, Turkey is the 19th largest economy in the world.

Much of the development of the real estate industry is attributed to the support of the Turkish government. The government has launched many campaigns to strengthen the real estate industry.

Foreign investors can now buy apartments in installments over several months.

Improvements in construction and infrastructure also directly affect economic development. Turkey is working hard to strengthen its infrastructure by building good roads, bridges, etc.

As a result, investors can find the best properties at competitive prices in highly developed and modern areas.

3. Investment Facilities

The Turkish government has made significant efforts to simplify the process of buying property in Turkey. Foreigners can now buy property in Turkey without paying VAT.

Foreign investors and their spouses and children can also obtain residence permits when investing in Turkey.

Plus, the entire process of buying a property is quick and easy.

4. Important Geographic Locations

Turkey occupies an important position in the middle of Asia and Europe. Here, you'll see how the cultures of these two continents have merged to create an inclusive and vibrant continent.

Its location makes it a popular destination for investors from Asia, Europe and Arab countries.

In addition, Turkey maintains friendly relations with many Asian and European countries and continues to welcome foreigners without discrimination.

5. Make Money From Resale

Buying property in Turkey also allows you to earn income through resale. Property prices have been rising for years, and the recent surge in foreign investment has only boosted demand for real estate.

Investors who bought the property a few years ago are now selling their property at a higher price, allowing them to resell at a profit.

6. Excellent ROI

Buy a completed project and you can instantly find tenants to earn income from your investment. Projects that are still under construction are also a great opportunity to invest and earn exponential returns. Once construction is complete, you can earn up to 30% on your resale investment.

Property Superiors helps clients realize the benefits of their real estate investments by assisting in leasing properties to verified tenants of the owner's choice. We make sure all maintenance is done with the owner's knowledge.

We ensure that properties are always in pristine condition, generating high profits for the owners.

Whether you decide to renovate, rent out or live in your property, Property Superiors is here to help you out.

7. Growing International Tourism

It is well known that Turkey is the preferred holiday destination in many countries. Many people come here for vacation, making Turkey their favorite place for family vacations.

The government has been working hard to enable tourism to generate revenue for the country. Many tourists want to come here to rent real estate. If you are looking for investment property in Turkey, now is the time.

8. Massive Selection to Choose From

Turkish real estate continues to expand. Every year you see new residential and commercial buildings, houses, villas, mansions, penthouses and more. This is also one of the main advantages of real estate investment in Turkey.

You can get everything from projects available for rent, for sale, still under construction, and more.

No matter which city in Turkey you want to buy a property in, you can get what you want quickly and without compromise.

9. Citizenship Through Real Estate Investment

One of the most attractive advantages of Turkish real estate investment is that it can open doors for foreign investors to obtain Turkish citizenship for themselves, their spouse and their children under the age of 18.

Foreign buyers must invest at least $400,000 in Turkey to obtain Turkish citizenship.

Read our in-depth article on Turkish citizenship by investment.

10. Top-notch Facilities

Buying a property in Turkey means having access to all the advanced and modern facilities offered here. All new residential complexes here have sports centers, playgrounds, saunas, parking lots and 24-hour security.

Turkey has not only the most prestigious residential and commercial projects, but also the best healthcare and transportation facilities.

Health Facilities

Turkey has many prestigious hospitals with the most capable staff and equipment of international standards. Of particular note are Medipol Mega University Hospital, Acibadem Kadikoy Hospital and Antalya Anadolu Hastanesi.

Transport Facilities

You can also enjoy first-class transportation options. This includes ferries, taxis, intercity buses, metro buses, rail systems, and more.
educational institution

The country has an excellent education system that foreign families living in Turkey can take advantage of. But there are also many international school systems and colleges. These include: British International School, TED Bursa College and Gokkusagi Schools, among others.

Education Facilities

In addition to all the factors mentioned above, we cannot ignore the climate of Turkey and the quality of life here, which houses many Arab and European peoples and motivates them to make Turkey their homeland.

Investing in Turkey has benefited all who buy property here over the years. There are no risks, but there are many benefits for foreign buyers.
At Property Superiors, we are delighted to expand our range of services to help you find your dream project to invest in.