Turkey is a heaven for real estate investors. The country's economy has been on the rise over the last few years and drawing business from all over the world. The booming economy has paved the way for large scale developmental projects that are transforming Turkey's real estate landscape.
For real estate investors who are looking to invest in Turkey property without worrying about paying large amounts of tax, Turkey is the place to be! Taxes in Turkey have dropped from 33% to 20% in recent years, making real estate a worthy investment.
Real estate in Istanbul is offering commercial and residential property for investment at amazing prices. Investors can find commercial real estate in industrial, technological and free-zone sectors.
Contact Damas to discuss Istanbul real estate prices to make a lucrative investment.
the economy in Turkey has increased in the last decades up to 857 billion dollars in 2016 according to the Turkish Statistics Institute (TURKSTAT). Stable economy growth and promoting economy with a bright future are the essential reasons to have such successful economy.
half of the population is the youth with the age (31) and reach 78.9 million as the Turkish Statistics institute (TURKSTAT) has declared. Most of this population is characterized by being youth, dynamic, well-educated and multi-cultural people.
high qualified workers increase the rate of productivity according to Turkish Statistics Institute (TURKSTAT). Moreover, the Ministry of the national Education said that up to 950,000 students graduated in 2016.
This part is distinguished from having highly competitive investment conditions, strong industrial, and service cultural and equal treatment for all investors. In addition to, the ministry of economy declared in 2016 that up to 52,700 companies founded with an international capital.
Turkey has an important location between the east and the west and that helps to raise taxes to the outlets of the major markets. The simple access to the international markets gives benefits up to 24 trillion dollars per year.
Turkey has a good and strong infrastructure in three sectors which are: transportation, telecommunication and energy. These three essential sectors are well developed and low-cost which easiest the life in Turkey and connect the eastern and the western world.
Turkey plays a very important role because it considers the only power gate to Europe and connects east and west together. The west part of Turkey is the most important region because it is near to Europe and provides more than 70% of the world's proven primary energy reserves.
The rate of the taxes gets low from 33 to 20 percent. These taxes ranged along many sectors like technological, industrial and free zones sectors. The Incentives was basically in strategic investments, large-scale investments and regional investments.
Turkey has great agreements with the European countries surrounding it which connects it with at least 27 counties as the Ministry of economy declared.
the revenue is divided into many sectors, for example the broadband Internet which its income in 2016 was about 62.2 million while the subscription from the mobile phones was 75.1 million as the Turkish Statistics Institute (TURKSTAT) declared.
Buying A Property in Turkey: A Good Investment or a Hoax?
One of the major questions we get from our clients is this - is buying property in Turkey a good investment? Already, there is no doubt that the affordable properties and sun-drenched luxurious lifestyle in Turkey is such that many cannot resist. The boom in Turkey property in 2018 (and even in 2019) is still very fresh in our memory.
But to help answer the question above, here are 4 reasons why buying a flat in Istanbul is a great idea:
High Rental Demand
There is a shortage of rental houses for the huge number of tourists that visit Turkey on a yearly basis. The initial strict procedure for rental has been softened and people are now cashing in on this opportunity. This is why you should invest in Turkey property to take advantage of it as well.
Favorable Citizenship Law
Before now, foreigners who were thinking of real estate investment in Turkey were expected to have spent up to 1 Million USD before they could apply for citizenship. But now, with just $250, 000 invest in Turkey property that has stayed for 3 years, you can easily secure a Turkish citizenship.
The weak Turkish currency has made life in the country a fraction of what is obtainable in Europe, Portugal, Spain and many other countries. Most importantly, groceries, utilities, and eating out are very affordable not to mention the favorable and beautiful scenery in Turkey. If you are still asking why invest in Turkey? Perhaps you will be happy to know that pensions and pay checks stretch further.
Simple Buying Procedure
The strict purchase laws and regulations have been amended to protect and favor investors to invest in Istanbul or any other part of Turkey. In a bid to lure investors, buying property in Turkey is not only easy but also quicker. A property can be bought in less than 24 hours. And with the VAT discounts, investment in Istanbul and other parts of Turkey has been on the rise. Fake estate agents are going out of business because of the necessary registration that is required of any estate agent in Turkey.
We are more than willing to guide you through making a profitable investment in Turkey when you contact us.