Turkish real estate market 2022

The real estate market in Turkey has become a destination for many foreigners, investors, capitalists, businessmen and everyone who cares and is concerned with the real estate sectors, and the interest of the vast majority of people in Turkey's real estate was not a random choice, but rather a natural result of the many advantages that can be obtained.

In the following lines, the editorial team at tur property will brief you on the most important aspects that you need to know about the Turkish market, and highlight the most important and most prominent aspects related to it.

The real estate market in Turkey is very diverse:

Turkey is known for its great real estate diversity, which draws attention to it. Based on this, you will find that it has become suitable for different tastes without exception, so you must find what suits your goals.

Here are the main top options you'll find in this market:

First: Installment real estate in Turkey:

One of the most prominent options that the real estate sector contains in Turkey are the installment offers, which are chosen by people who do not have enough financial balance in order to pay the price of the property in cash, which is an ideal solution, since in the end, the property will be yours and it is an alternative to renting.

Second: Real Estate Under Construction:

A wide category of foreigners and investors choose to buy real estate under construction in Turkey, as it is a distinguished investment opportunity. First, it is cheaper than ready-made properties in several stages. Add to your information that it rises after the completion of the construction stages by a large percentage ranging between 35% and 70%.

This real estate option is very distinguished, as the buyer can control some of the details that suit him in terms of specifications, etc. In addition to all of that, there are many offers available that you can choose between.

Third: Ready-to-move-in real estate:

As for people who cannot wait for the construction stages to be completed, they can choose ready-made properties that can be lived in directly. One of the advantages of this choice is that you will have a lot of offers and therefore you can choose among them what suits you.

You have to consider the method of paying the price of ready-made properties in cash. It is rare to find installment offers, but there are many construction companies that offer attractive offers and high discounts ranging between 20% and 30%.

Do you think this diversity will put the buyer in a quandary? Certainly not. If he has set his goal well, it will be easier for him to find the right property for him, especially if he is dealing with a real estate company with experience and great knowledge of the real estate market in Turkey, as it saves him a lot of effort, time and fatigue.

The impact of the Turkish government on the real estate sector in Turkey:

There is no denying the role played by the Turkish government in attracting foreign investments to it, as it provided many important facilities and privileges, and through the following paragraph we will review it in full.

1 - Obtaining real estate residency:

Any foreigner can obtain a real estate residence permit that allows its holder to benefit from a wide range of advantages and privileges, the most prominent of which is residence in Turkey in a legal manner without being subjected to a violation, and it is also granted to all family members (wife and children under the age of eighteen).

There are some conditions that must be met with the property in order for it to be suitable for obtaining this citizenship, which are:

- To be intended for housing.

- Its price should not be less than 75,000 US dollars.

- It must not be in a security or military area.

2 - Applying for Turkish citizenship:

When you start with a real estate investment of at least four hundred thousand dollars, you can apply for Turkish citizenship, which ranks among the most important and powerful nationalities in the world.

But is it sufficient for the property price to be 400 thousand dollars to be suitable for citizenship? Certainly not, as there are many other conditions that must be met, which are as follows.

- The property shall not be sold before the lapse of three years.

- It must not have been used earlier in order to obtain it.

- To be purchased from a Turkish citizen or a Turkish construction company.

- It must be paid for through a bank in Turkey.

- Extracting the real estate appraisal document.

(Important note: Violation of any of the previous conditions makes the property unsuitable for applying for it, so you should pay close attention).

3 - Provided a lot of facilities:

The Turkish government has not hesitated to provide the facilities that attract investors to it from everywhere, and the most important things it has provided are:

- Exemption from the value added tax for a foreigner who will buy for the first time.

- tax cuts.

- Real estate appraisal document that made a balance in real estate prices.

- Ease of procedures for owning real estate in Turkey.

- Abolish the principle of reciprocity.

Real estate prices in Turkey:

One of the many questions that real estate developers in Turkey ask is about prices. Will it rise, decrease, or stabilize? According to many real estate experts in Turkey, prices this year will rise significantly, due to many reasons, the most important of which are:

- Rising prices of raw building materials.

- The demand for real estate ownership in Turkey has increased dramatically.

- The size of the demand does not match the size of the real estate available for sale.

- The high quality that it is characterized by, as it is built according to international standards.

- The continuation of the Turkish citizenship program in exchange for real estate investment, which prompted the construction companies to build their projects in a manner similar to obtaining them.

Some information that interests you about the Turkish real estate market, we have been keen to present it to you in this article. We hope that we have answered your various questions.

Related articles :

The best time to buy an apartment in Turkey 2022

Villas for sale in the European side of Istanbul

How to obtain Turkish citizenship online

Cheap apartments for sale in Istanbul 2022

Advantages of buying an apartment in installments in Istanbul 2022

How to obtain a Turkish passport 2022

Villas for sale in Turkey 2022

Steps to owning real estate in Turkey by foreigners

Turkish real estate market 2022

Types and features of luxury real estate in Istanbul

#Tur_property    #real_estate_investment

#Turkish_citizenship    #Istanbul_apartments