Why to Invest in Turkish Property?
Ideal Lifestyle: Property buyers looking for another country to retire in choose Türkiye for the lifestyle. The gorgeous weather, healthy living attitude, strong community vibes and seaside location prove too much of a lure. Buy-to-let investors who want to tap into one of the world’s fastest-growing tourism markets love Türkiye.
Citizenship by Investment: A significant boost to the residential property investment market came when the Turkish government introduced the Turkish citizenship by real estate investment scheme. As one of the world’s cheapest golden passport schemes, Türkiye also has a simplified application process.
Strong Economy and Business Environment: Türkiye’s economy grew 11 percent in 2021, the fastest among the G20 countries, as COVID-19-related measures were gradually relaxed in Türkiye and abroad. Combined with a young and sizable population, business opportunities are plentiful and positive. With many incentives for strategic, large scale and regional investments, Türkiye welcomes foreign investment and international business prospects and investments give higher ROIs.
Lucrative Exchange Rate: Property buyers in Türkiye get far more cash with an advantageous currency exchange rate. Good opportunities await budget buyers’ eager to get their foot on their Turkish housing ladder.
Low Purchasing Costs: While the property buying process in other countries involves hefty closing costs and taxes, Türkiye offers the opposite. Combine low buying costs with an easy process that takes 1 to 3 weeks to complete, and homebuyers easily get title deeds.
Attractive Portfolio: The stark difference from Türkiye’s property market 20 years ago to the present day is evident in the vast abundance of modern flats, villas, and commercial buildings for sale. The government also invested billions in upgrading infrastructure and roads to boost foreign investment, so everyone finds what they want within their budget.