Turkey Is First In The World To Increase The Investment Value Of Its houses
If you're interested in the Real Estate Investment sector
and believe it is one of the best ways to save your cash and raise its value
effortlessly, then you might as well consider investing in houses in Turkey; as
the properties have it all from easy ownership, quality construction, unlimited
options, and affordable prices. In this article from Homes Bank Real Estate, we
will reflect on the advantages of buying a property in Turkey and how the
market has grown; referring to global statistics and reports from the official
websites of the Turkish Government, TurkStat.
Can Foreigners Buy a House in Turkey?
Yes, a foreigner can buy a house in Turkey smoothly, and, in
some cases, a foreign investor has more perks, like tax exemption. The Turkish
government allows foreigners to purchase real estate in Turkey, subject to
certain regulations.
Foreigners can buy property in Turkey under the same
conditions as Turkish citizens, which means they can enjoy the same property
ownership rights and protections. However, you must reach out to an experienced
real estate agency to learn about the best areas/cities to own a property in
Turkey as a foreigner, as there are a few districts in Istanbul that are not
open for ownership to mitigate overpopulation.
Is Buying a House in Turkey a Good Investment?
Buying a house is obviously a major decision, especially in
a foreign country. You ought to learn about the highs and lows, the perks and
merits, and, of course, the overall profit. In means of helping you with the
decision, we gathered the most prominent advantages of owning a property in
Turkey, and official reports and data from Global and Turkish statistics
regarding the value of homes in Turkey.
Why to Buy a House in Turkey?
If you're in search of an exclusive and modern lifestyle,
Houses in Turkey offer a world of opportunity. There are numerous advantages
and benefits that come with investing in Turkish real estate.
One of the most significant advantages is the opportunity to
apply forTurkish citizenshipby purchasing a property worth $400,000
or more. This provides buyers with all the rights and benefits of Turkish
citizenship. For those with a smaller budget, a real estate residence permit is
also an option.
The quality and luxury of Turkey's architecture and design
are second to none, with expert developers using high-quality materials to
create exclusive modern buildings anddream-like apartments. Whether
you're looking for a stunning beachfront property or a luxurious city-center
apartment, Houses in Turkey are sure to impress.
Finding and purchasing the perfect house in Turkey has never
been easier, thanks to the option ofinstallment payments.This makes
the process of buying a home in Turkey hassle-free and convenient.
Turkey offers a relativelylow cost of livingwithout
overlooking quality.
The country'sweatherand beach locations are world-renowned, and
there are plenty of international schools available for children.
Investing in property in Turkey can also be highly
profitable, with the country's strength in tourism providing alucrative
return on investment. Rental income during the holiday season can bring in
great profits, making it an ideal opportunity for those looking to make a sound
investment. Additionally, when considering a long-term investment of a minimum
of three years, the traditional resale option brings even more yields.
Houses in Turkey are an increasingly attractive investment
option for foreigners, with a range of factors motivating their interest. For
those in search of residential properties with a unique view, Turkey offers a
stunning range of locations, including beautiful rural areas and bustling city
centers. The country's unique history, with Ottoman architecture and ruins of
other ancient civilizations covering its land, in addition to its strong
economy and being the largest province in the Middle East, adds to its value
and significance.
Propertypricesin Turkey are highly competitive,
with experts noting that the average price per square meter is well below that
of comparable European cities. Moreover, the government's
citizenship-by-investment program offers added incentives for foreign buyers,
who can also benefit from the range of property types and options on offer,
including thousands of commercial properties.
A recent statistical study conducted by the British real
estate agency, Nike Frank, has shown that the value of houses in Turkey is
rapidly increasing. The study analyzed the increase in house prices during the
second quarter of 2022 in 150 cities across the globe, and Istanbul came out on
top with an annual increase of 184.9%. Following Istanbul, the Turkish capital,
Ankara, ranked second with an annual increase of 165.4%, and Izmir came in
third place with an annual increase of 150.9%.
Despite some cities experiencing a decrease in house prices,
it's clear that the value of houses in Turkey is on the rise, making it an
attractive destination for real estate investors around the world. As investors
continue to discover the benefits of buying homes in Turkey, the sector is
offering a range of enticing offers, making it the perfect time to check out
the range of options available.
Houses in Turkey: Istanbul is the Leading City in
the Thriving Market
The sale of houses in Turkey has seen significant growth in
recent years, with Istanbul being a particularly attractive destination for
homeownership. The latest statistics from January 2023, December 2022, and
November 2022 demonstrate a vibrant housing market in the city.
InJanuary 2023, Istanbul had the highest share of
house sales in Turkey, with 17,415 units sold, representing a 10.6% increase
from the previous year. Of these sales, 4,260 were first-time house purchases,
while the remaining 13,155 were sold through other means. Foreign buyers
purchased 4,161 houses in total, with Russians being the most prominent buyers,
purchasing 1,557 houses.
InDecember 2022, Istanbul once again took the lead in
the houses-sale field, with 36,744 houses sold throughout the month. Of these
trades, 77,889 were first-time purchases, and 130,074 were second-hand. The
number of house sales to foreigners increased by 15.2% in 2022, reaching
67,490, with Antalya being the most popular destination. Russians, Iranians,
and Iraqis were the top nationalities buying houses in Turkey.
InNovember 2022, 14,429 houses were sold in Istanbul,
representing a 34.1% decrease compared to the same month in the previous year.
However, overall house sales from January to November of 2022 increased by 1.0%
compared to the previous year, reaching 259,654. The majority of house sales
were second-hand, but first-time house sales had a 31.7% share of all house
sales, reaching 37,380 in November and 382,190 from January to November.
Moreover, there were 1,227 house sales to foreigners in November, and 61,104
from January to November, with Russians being the most prominent buyers.
All in all, for any assistance and support regarding owning
houses in Turkey, feel free to contact us at Homes Bank Real Estate at any
time. We have reliable consultants and updated services that offer listings of
properties for sale, both residential and commercial. These services provide
detailed information and advice on various aspects of buying and selling houses
in Turkey, including financing options such as installments methods for
expensive properties. Furthermore, we can help you with rentals services,
offering a wide range of ideas and options to enhance your property.
At Homes Bank Real Estate, you can get luxury residences and properties with
astonishing views at the most reasonable price.
Overall, investing in Houses in Turkey is a leading choice
for those looking to build their investment portfolio or live in a modern and
exciting country. With a range of options available, from cheap to expensive
properties, and a favorable government policy towards foreigners, Turkey's real
estate market is a promising and profitable venture for anyone willing to take
the leap.