Reasons to invest in Türkiye Real Estate Today.
Türkiye offers an unparalleled combination of history, culture, natural beauty, and opportunity for investors. Here is a quick overview of why buying property and real estate invesment in Türkiye can be an attractive investment.
A GATEWAY TO HISTORY
Türkiye sits at the crossroads of Europe and Asia and has been home to ancient civilizations like the Ottomans, Greeks, and Romans. You can find archeological wonders like Ephesus and Troy, as well as Ottoman-era mosques and palaces.
Türkiye boasts a stunning variety of landscapes, from Mediterranean beaches and turquoise coves to snowcapped mountains and vast steppes. You can ski in Antalya one day and swim in the Mediterranean coast the next. Outdoor enthusiasts will find endless opportunities.
STRONG FINANCIAL RETURNS
The Turkish economy has grown rapidly in recent decades, and property values have risen accordingly. Investors have seen steady annual returns on rental income and property appreciation. With a thriving tourism industry, rental demand remains high.
Türkiye’s geographic location provides unmatched advantages, connecting Europe, Asia, and the Middle East. Situated at the crossroads of these continents. Multinational corporations have their presence in Türkiye drawn by this advantageous placement, fueling economic growth.
Istanbul, straddling both Europe and Asia, functions as a pivotal transportation hub, connecting continents and making it a highly attractive destination for investing in both commercial and residential properties. Its location allows easy access to an immense consumer market with over one billion people within a four-hour flight.
This unparalleled position gives Istanbul and the rest of Türkiye an edge that few other places in the world can match.
GROWING TOURISM INDUSTRY
Türkiye ‘s flourishing tourism sector witnesses a continuous influx of visitors enticed by the country’s inspiring scenery, rich historical landmarks, and lively cultural experiences. Having a steady inbound tourist destination making it to 51 million* visitors in 2022 alone.
With its varied array of attractions, ranging from pristine coastlines to ancient ruins, Türkiye maintains a steady stream of tourists year-round. By investing in properties located in popular tourist destinations like Istanbul, Antalya, or Bodrum, individuals have the chance to explore the thriving hospitality industry.
This presents enticing prospects, including high rental returns and the possibility of capital appreciation.
CITIZENSHIP BY INVESTMENT PROGRAM
The Turkish Citizenship by Investment Program offers global investors a chance to gain Turkish citizenship in exchange for a qualifying real estate investment. Eligible applicants simply need to purchase at least $400,000 worth of Turkish property.
Once approved, citizenship provides a wealth of benefits and opportunities. Among these is the convenience of travel freedom to over 100 destinations worldwide. Turkish citizens enjoy visa-free or visa-on-arrival access to Europe, the Middle East, Central Asia, and beyond.
Turkish citizenship also unlocks access to Turkey’s growing economy and strategic location at the crossroads of Europe and Asia
Moreover, acquiring Turkish citizenship through this program gives investors access to high-quality healthcare and education systems that enhance their quality of life. Investors and their families gain access to comprehensive healthcare services in modern facilities staffed by skilled professionals, ensuring their well-being is optimally supported.
The education system in Türkiye is renowned for excellence, with a diverse range of institutions and programs at all levels, including globally recognized universities. This creates opportunities for investors’ children to pursue a world-class education that equips them with in-demand skills and knowledge.
Turkish citizenship through this program thus grants more than just a passport; it opens doors to premium services and amenities that enrich and elevate one’s lifestyle.
REAL ESTATE INVESTMENT IN TURKIYE
In short, Türkiye offers investors a unique blend of history, nature, financial opportunity, healthcare, and modern amenities, all set within a rich cultural tapestry. The time to explore this compelling market is now.
A strategic location, a booming tourism industry, reasonable prices, and an excellent quality of life. The environment for real estate investment in Türkiye is robust, supported by favorable government policies and prospects for long-term growth, making it an attractive choice for investors of all experience levels.
However, as with any investment venture, it’s essential to do thorough research, work with reputable real estate developers and legal professionals, and familiarize yourself with local regulations and procedures.
By making wise decisions and capitalizing on the opportunities in the property investment n Türkiye, you can unlock possibilities for financial gains and a truly enriching lifestyle experience in this remarkable country.
FAQs ABOUT PROPERTY INVESTMENT IN TURKIYE
Is Türkiye Good for Real Estate Investment?
Türkiye has become a notable destination for real estate investments, especially in the post-pandemic era. The demand for housing in Türkiye has surged, leading to significant developments in the real estate sector.
Real estate prices in Türkiye have been growing consistently, with residential property prices increasing on average by 6.7% each quarter. However, The country’s real estate sector is ranked as the third most lucrative globally for investment, partly driven by the potential of Türkiye’s EU membership.
Therefore, property investment in Türkiye can be lucrative for you in a both short and long term.
Can Foreigners Own Real Estate in Türkiye?
Foreigners are allowed to buy property in Türkiye. There are some restrictions, such as not being able to own property in military zones or state land. Also, purchasing a home in Türkiye doesn’t automatically grant residency rights; foreigners may still need to apply for a visa or residence permit.
There’s a cap on the amount of property a foreign citizen can own – no more than 30 hectares. Also, certain nationalities have restrictions, such as Russians being prohibited from buying property on the Black Sea coast.
What is the Future of Real Estate Market in Türkiye?
The future of Türkiye’s real estate market looks promising and is characterized by several key trends:
- Growth and Strength: The Turkish real estate market is one of the strongest and best markets globally, with an expectation of continued growth and development.
- Sustainable Development: There’s a growing trend towards sustainable and eco-friendly real estate in Türkiye. This reflects market demand and Türkiye’s commitment to environmentally conscious development.
- Economic Factors: The market is influenced by economic growth, urbanization, technological advancements, and sustainable practices. These factors are shaping the sector, and investors are advised to consider location, infrastructure, and market trends.
- Market Size and Forecast: The residential real estate market in Türkiye is estimated at USD 89.11 billion in 2023 and is expected to reach USD 151.23 billion by 2028, growing at a CAGR of 11.16% during the forecast period. This growth signifies a robust and expanding market.
Is Bodrum a Good Place to Buy Property in Türkiye?
Yes, Bodrum is an excellent place for buying real estate, known for its strong tourism base, vibrant nightlife, and beautiful sandy beaches, which make it an attractive spot for investors.
Particularly for those seeking a blend of luxury, wellness, and lifestyle-focused properties, Bodrum offers diverse real estate options, including high-end developments like Kaplankaya.
Kaplankaya, in particular, stands out for its upscale residences, such as the Six Senses Residences, which offer luxury living with stunning views of the Aegean Sea.
The area’s focus on wellness, adds to its appeal as a sought-after destination for both holiday retreats and permanent residences.
Overall, Bodrum, with its vibrant tourism sector and dynamic real estate market, presents lucrative investment opportunities like bespoke villas, luxury and wellness-focused properties
Here in Kaplankaya, we create and develop sustainable community living with a meaningful connection to nature.
Get in touch today to find out more about our residences!