Advantages of buying a property in Turkey
The advantages of buying a property in Turkey are many, given that Turkey is one of the most attractive real estate destinations in the world and real estate investments in Turkey provide exceptional opportunities and buyer advantages for investors and residents, as the magnificent architectural designs in addition to luxurious lifestyles and the dynamic economic environment attract buyers.
In this article, we will learn about the advantages that you will get when owning a property in Turkey.
Table of Contents
What are the advantages of buying a property in Turkey?
- Obtaining residency in Turkey.
- Apply for Turkish citizenship if the value of the property exceeds 250 thousand dollars.
- Get a lot of investment opportunities.
- Earn money by renting a house during tourism periods in Turkey.
- The properties are of high quality and have a strong infrastructure.
- The cost of living in Turkey is low compared to Europe.
- Saving the value of money Türkiye real estate guarantees saving the value of money and obtaining a stable return on investment
- High real estate prices in Turkey mean an increase in the value of the property in the long term.
- Full ownership and the right of inheritance, as Turkey allows foreigners to own freehold property in it, and it also allows the division of inheritance among the heirs.
What are the advantages of buying a property in Turkey for housing?
- Buying a property in Türkiye for housing has many advantages and benefits such as:
- One of the most important advantages of buying a property in Turkey is low taxes and the low price of real estate in Turkey.
- The good investment return is due to the prosperity of the Turkish economy.
- Low costs of living.
- The diverse social environment ranges between conservative and open-minded.
- Strategic location and moderate climate.
- Providing transportation lines, services, facilities and shopping centers.
- Education in the best Turkish schools and universities in terms of quality of study and teaching staff.
What are the advantages of buying a property in Turkey for investment?
The stability of the political and economic conditions in Turkey has made it an ideal investment destination compared to neighboring countries, which has prompted many tourists to direct their capital towards investment projects there and the benefits of buying real estate in Turkey are attractive to many, as real estate investment in Turkey is considered one of the safest and most profitable investment sectors and among the advantages that attract investors to buy real estate in Turkey are the following:
Obtaining Turkish citizenship and residency.
Supporting Turkish laws for the real estate investment sector, and the government’s interest in attracting investors by providing appropriate facilities.
Obtaining a guaranteed and stable return on investment.
Raising capital or increasing the value of the property in the long term.
It provides many diverse real estate investment opportunities in Türkiye.
Obtaining real estate residency in Turkey
Buying a property in Turkey allows you to apply for a real estate residency, and the most prominent features of that residency are:
- The opportunity to obtain Turkish citizenship and residency, which makes it attractive to many people looking for stability and economic opportunities.
- The legal support provided by the Turkish government to the real estate sector, which includes multiple investment facilities and benefits.
- Good investment return, as real estate in Türkiye is characterized by its stable and high value.
- Great real estate growth opportunities, as Turkey is witnessing continuous economic and demographic growth, which supports the demand for real estate.
- Diversity in the types of properties and real estate projects available, allowing investors to choose from many options according to their needs and budgets.
Obtaining Turkish citizenship
Among the most prominent advantages of purchasing real estate in Turkey is the possibility of obtaining Turkish citizenship, as investors can obtain Turkish citizenship by purchasing a property with a value exceeding 400 thousand US dollars, provided that the property is not sold for at least 3 years after purchase and with this procedure, the investor and his family have the right to apply for Turkish citizenship. This step is considered part of the benefits of purchasing real estate in Turkey, as this citizenship guarantees obtaining a globally distinguished Turkish passport and ease of carrying out legal transactions, in addition to benefiting from educational and health services and job opportunities available in the country, as it also allows individuals to retain their original nationality, increase opportunities to obtain work in government sectors and enjoy a retirement pension
Frequently asked questions about the advantages of buying a property in Turkey
Is it a good idea to buy a house in Turkey?
It is certainly recommended that average house prices in Turkey are low compared to houses in the European continent and the United States of America.
Is it recommended to invest in Turkey?
Yes, it is recommended to invest in Turkey and the stability that the country is witnessing, the high value of real estate in it, and its being a global tourist destination means that you will get a fixed and guaranteed return or an increase in the value of the property in the long term.
Here we have reached the conclusion of our article in which we talked about the advantages of buying a property in Turkey, those advantages that give real estate owners many privileges.
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