Türkiye Real Estate investment after elections
What about Türkiye Real Estate investment after election:
In the past two decades, Turkey has witnessed a great renaissance in various fields, especially in the economic and urban fields, as a result of which it moved from the 116th rank in the global economy to the 11th rank, to be a member of the G20 summit.
During this time, real estate investment was one of the prominent aspects of the renaissance, as modern urban constructions spread in all Turkish cities, the most prominent of which were residential complexes, shopping centers, medical cities, universities and factories. Investment funds, including foreign funds, poured into the real estate market, reaping remarkable successes and profits.
With the Republic reaching a hundred years, and its entry into a new century, with new conditions and capabilities, as at the end of this year (2023) the life of the Lausanne Agreement ends, and with that the restrictions imposed by this agreement on the state end, it stands on the threshold of a new beginning. Free from constraints accompanied by political stability, with great hopes justified by previous successes, and the harbingers of oil and gas discoveries.
The first signs of a new start appeared in the huge agreements and contracts that took place recently between the Turkish government and the Gulf states, the value of which exceeded one hundred billion dollars.
Therefore, there were frequent expectations that the real estate investment market would witness a big boom in the near period, with mega projects on the way to implementation, such as the Istanbul Canal parallel to the Bosphorus Strait, and the construction projects surrounding this channel, subways (metro), railways, and Highway network and airports.
We do not go into agricultural and industrial investment here, which are in the hands of the private sector, and export trade. All of this has witnessed a great boom in recent years, and it is expected to do more in the coming years.
The real estate investment experience in Turkey in recent years has been largely rewarding, with the facilities it provides, especially the issue of obtaining Turkish citizenship for foreigners, by owning a property worth $250,000, later increased to $400,000, with a condition Maintaining ownership of the property and not disposing of it for a period of three years.
But the new conditions are likely to lead to greater successes, as the level of real estate prices in Turkey is currently very moderate compared to parallel European countries, and this, in addition to the successive facilities, leads to the demand for foreign investments in the country, and often leads to an escalation of prices, which makes investment opportunities now excellent. .
And because the demand for certain cities, such as Istanbul, Ankara, Izmir and Antalya, exceeds other cities, therefore there are wide options for foreign investment according to its size.
And among the facilities given finally to foreigners, is that buying a property with a value of not less than 75 thousand US dollars gives its owner the right to reside in Turkey as long as he owns this property, even if it does not give him the right to obtain citizenship, unless he adds to it another property with a value complementing 400 thousand. dollar.
Al-Hayat Company is at your service to provide all the necessary additional information and details about the various investment activities in Turkey.
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The comprehensive guide to buying real estate in Türkiye
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