A Continuous Prosperity in the Turkish Real Estate Field Despite the Economic Fluctuations that Turkey is Facing in Recent Times
A Continuous Prosperity in the Turkish Real Estate Field Despite the Economic Fluctuations that Turkey is Facing in Recent Times
Some may hesitate to take the step of buying a property in Turkey. That’s due to the economic fluctuations that Turkey is facing in recent times. But, on the contrary, there is no need to hesitate or retreat from the idea of buying a property in Turkey. Because there is continuous prosperity in Turkish Real Estate unceasingly away from all the current circumstances.
Should I take the step of buying a Turkish property now without hesitation?
“Should I take the step of buying a Turkish property now without hesitation?” I know this is the question that may be in your head right now. I must say that you have to take this step as soon as possible. All the reasons for taking this step will be explained in this article.
If you are a constant observer of Turkish affairs, you will notice the impressive efficiency with which the country deals with the ongoing crises. You will also be able to observe how the Turkish Real Estate Market deals with crises and continues to grow and prosper without stopping. The last evidence of this was the following:
Many economists expected that in 2022 Turkey will witness the departure of investors from the country, and then an economic depression will happen; however, what happened in the first quarter of the year was the opposite! Anadolu Agency, quoting the Ministry of Environment and Urban Planning, stated that the percentage of real estate sales in Turkey witnessed a remarkable increase during January, with 119,111 purchases in total. Then another unexpected jump occurred during February, and total sales reached 217,673. To record 415,46 of sales during the first two months only of 2022!
There is Continuous Prosperity in Turkish Real Estate but is it profitable to invest in Turkish Real Estate?
There is a constant fact that everyone knows, which is that real estate capital in general doubles in the long run. Imagine if you were investing in real estate in a country that is considered the most prominent in the real estate investment field, such as Turkey?
Turkey is still in a continuous urban expansion to this day. That is considered a pivotal and essential point. Because when you buy a property during the expansion phase at a certain price, the property price will increase many times. Not just once, every time a construction phase ends. Important to highlight that Real estate investment in Istanbul is the most prominent. Istanbul is the first destination for those interested in real estate investment in Turkey.
Turkish real estate investment has many advantages most remarkable ones are
- Obtaining a fixed, continuous, and guaranteed monthly financial return.
- The value of the property will increase in the long term. That means that the value of the property after several years will increase; therefore, your capital will increase.
- It is possible to gain Turkish citizenship by purchasing a property valued at $250,000. Perhaps this is the most significant benefit. Because the Turkish government now allows the investor to acquire a property for the stated amount and get Turkish citizenship for themselves and their family by purchasing any real estate type, including apartments, offices, villas, and shops.
Still not sure about buying a property in Turkey and investing in it? I bet you are not! Check the Latest Real Estate opportunities in Turkey.