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Investment Opportunities in Turkey’s Real Estate Sector
Because of Turkey’s Foreign Direct Investment (FDI) laws, Turkey is fairly popular among international investors for its high-profit return on investment(s). Investors with more than $250,000 are encouraged by the government and given some special advantages that allow foreign investors to invest in Turkey’s real estate sector with many additional benefits that add more and more profit to their investment.
Turkish president, Recep Tayyip Erdogan, confirmed that his country’s growth had increased 3.5 times over the past 17 years. Turkey has also achieved a significant renaissance and has been placed at the height of investor attention during recent years because of all the factors for successful investments.
Real Estate Opportunities in Turkey
The investment opportunity in the real estate sector in Turkey is maximum for its high demand. Turkey grabbed the 2nd rank in terms of economic growth in European countries, so the population of Turks has a large market in various sectors that are thriving more young Turks population to purchase new properties and giving the real estate market a boost.
Most areas and industries of the Turkish economy, such as; agriculture, industry, trade, and tourism, grew due to this economic expansion. Nonetheless, Turkey’s real estate sector is the most important of these. It has experienced rapid expansion and tremendous success, attracting investors from all over the world to Turkey to invest in real estate.
As a result of the Turkish government’s amenities and advantages for those looking to buy real estate in Turkey, such as; the amendment of Turkey’s real estate ownership law in 2012, which allowed citizens from many countries to own property in Turkey, the principle of mutual recognition between Turkey and other countries was raised.
In addition to the options for attaining Turkish citizenship, foreigners of most nations could own and invest in Turkey under simple and uncomplicated circumstances. According to the Turk Press news agency, European surveys show that Turkey ranks second globally regarding real estate sector activity after New Zealand.
Which City Has The Most Real Estate Investments in Turkey?
Istanbul attracted most real estate investment in Turkey’s real estate sector from the last decade for its good infrastructure, skilled workforce. Obviously, there was a high demand for accommodation, and the demand is still there.
This is why Turkey became a haven for foreign investors to invest in real estate. Another reason why Turkey’s real estate sector is so popular for foreign investment is obviously the profit margin. Foreign investors who invested in the real estate sector in Turkey always gained profit, and most of the time, the profit percentage is higher than any other investment(s). You will be surprised to know that the profit margin is often as high as 150% of the initial capital investment.
Simple Investment Processes
Turkish lira (₺) fluctuates, and Turkey’s property transactions are always made in Turkish lira, so it’s a golden opportunity for foreign investors. Also, many laws made the process very simple yet profitable for foreign investors to invest in real estate in Turkey. Although profit margin depends on the property, there is no foreign investor to date who hasn’t gained profit in Turkey’s real estate sector.
Related Article: Investing in Turkey: A Golden Opportunity for Foreign Investors.