Real estate market in Turkey 2022

The buying and selling of real estate has become one of the most important operations in the real estate market in Turkey in recent times. As It is one of the most important factors that positively affect the Turkish economy, and this happened due to the large increase in the number of investors who go to Turkey annually in order to invest in real estate, which has become a great destination for anyone who wants to succeed and achieve profits. today we will talk about the real estate market in Turkey and the movement that it witnessed recently.

Real estate market in Turkey

The real estate market in Turkey is considered one of the most important and successful real estate markets in the world. The multiplicity and diversity of real estate is one of the most important features for those wishing to buy real estate and real estate investment in Turkey, as the real estate market in Turkey covers all the objectives of investment projects of all kinds, tourism, residential, commercial or industrial, the investor is looking forward Always to get the best prices before starting his investment project, as the real estate market in Turkey provides the best and most suitable prices for most investors wishing to buy real estate. The investor can find a property, apartment or house at a price that is considered cheaper compared to the nearby European countries. Hence, real estate prices in Turkey can be described as cheaper compared to the prices of real estate markets in neighboring countries.

The recent movement of the real estate market in Turkey

The real estate market in Turkey recently witnessed a state of prosperity and activity that affected daily sales, which was due to an increase in the number of daily requests to buy real estate, especially residential real estate, and the main reason for this increase was the huge financial returns and profits belonging to the real estate investor in Turkey, this increase was reflected Positively on the movement of the markets and thus led to an increase in the general price index, as expectations indicate that the index will continue to rise in the coming years, which prompted more investors to go to the real estate market in Turkey to buy real estate, which means that prices will continue to rise and the real estate market will continue in a state of prosperity and activity that It has become one of the most important and successful real estate markets in the world.

Success in the real estate market in Turkey

The real estate market in Turkey is considered one of the most successful opportunities for several reasons

1- Diversity of options on the market

What distinguishes the real estate market in Turkey is the diversity of investmentable real estate options that meet the needs of different investors. Only the desire and strategy of the investor chooses his target in the market, so he can choose the following

-Residential apartments

Its goal is to find a home and a place to live in the Turkish territory, and here it should be noted that the investor must choose the city, location, view and service structure of his apartment very carefully.

-office apartments

The objective of it is commercial, as the investor wants to buy this type and rent it and thus obtain a financial profit that is considered a fixed income. What distinguishes this type is the long-term lease and the reason is that the tenant takes from the apartment as a place of work, as he is interested in that the rental period is long because his clients are accustomed to it in this place

-studio apartments

The purpose of it is also commercial, where the investor searches for apartments in small areas whose location is close to government centers and universities in order to sell or rent them, either to students or workers who go to city centers, and this type is widespread in Turkey, especially Istanbul

-Residential complex apartments

The investor can go to the residential complexes and search for an apartment that meets his aspirations, and this is widespread in the real estate market in Turkey as a result of the spread of many residential complexes in the suburbs of Turkish cities, especially the residential complexes in Istanbul and Ankara.

-Shops

This investment is also considered commercial, as the real estate investor buys the commercial shop and rents it.

-villas

This is a suitable option for businessmen who go to major Turkish cities to reside and search for a life of luxury. They buy villas that are near their workplaces or villas that are far from the hustle and bustle of the city as a refuge for them to relax, calm and enjoy nature.

-smart homes

Investors wishing to buy homes equipped with the latest international technologies and designed with urban designs that reflect the tremendous development that the world is witnessing today, as it has recently been published in the real estate market in Turkey, especially the real estate market in Istanbul,  this type of real estate that has become the demand of many investors.

2- Strong Turkish Economy

Turkish economy has proven in its ability to face internal and external challenges, especially the global economic crisis and the state of economic inflation and the biggest example of the economic crisis that affected the Turkish economy due to the outbreak of the Corona virus in the past years and its ability to recover from this crisis and thus gave strength to the real estate market in Turkey on the one hand and It gave confidence to investors wishing to buy real estate on the other hand.

3- Turkey's strategic location

Turkey is characterized by a strategic location linking the two continents of Asia and Europe, as it overlooks the most important seas in the world, which means that it is a country that has a tourist privacy for most tourists around the world in addition to the charming climate that it enjoys, which would increase the number of tourists wishing to visit Turkey or investors wishing to buy Real estate in Turkey and residing there, and therefore the location that Turkey enjoys is one of the factors that led to the success of the real estate market in it.

4- Great turnout for investors

What the real estate market in Turkey has witnessed in recent years of an increase in the number of investors wishing to buy real estate has had a great impact on market movements in general. This increase was due to several factors, perhaps the most important of which is

• The development and urban designs witnessed by Turkey in the recent period

Successful projects and previous experiences of investors

•  Arabs find in Turkey the convergence of social values, customs and religious traditions, which motivates them to travel to Turkey for investment, especially real estate investment.
• While foreigners consider it similar to their country in terms of urban development and public services provided by the Turkish government
•   Prices that are cheaper compared to investors' countries
• The population increase that Turkey is witnessing also has an impact on the movement of the real estate market in Turkey, as the increase generates increased demand and the increase in demand generates an increase in the price. In cities, especially the huge Turkish cities such as Ankara - Istanbul and other Turkish cities.

5- government policies

The policies taken by the Turkish government to support the real estate market and real estate investment movements are among the most important reasons for the success of the real estate market. Turkey Among these policies, we can mention:

• The abolition of the reciprocity law, which gave greater convenience to investors to buy real estate, as the law covered 138 countries around the world, where previous laws are still in force today. They also made many tax cuts on real estate.
• Reducing taxes, especially taxes related to foreign purchases of real estate in Turkey, as an exemption from the added tax, provides the investor with a large amount of money, which attracted foreign investors and urged them to buy and invest in real estate in Turkey during these years, which positively affected the real estate market in it

6- The development that Turkey is witnessing in various fields

Turkish cities and states have witnessed movements of development and modernization that affected all fields. The urban development and modern designs witnessed by most Turkish cities, especially the urban designs in Istanbul real estate, made them very similar to the developed European countries, and the real estate spread in most Turkish regions has a well-developed infrastructure and service. there are many government public utilities in addition to the electricity and water networks that are spread in most Turkish cities, not to mention the presence of modern and advanced transportation networks that connect all Turkish cities together.

Reasons for the trend of the real estate market in Turkey

The real estate investor in Turkey can have many advantages that bring him many benefits, which would increase the possibility and increase the desires of investors to go to the real estate market in Turkey, and for these reasons

1- Ease of buying and selling procedures

It is one of the government's measures and efforts to support large facilities in the field of real estate investment, as it makes the process of real estate investment for the foreign or Turkish investor easy and possible, and this is shown through the facilities that are obtained in government departments in order to extract the necessary papers for the buying and selling process, This contributes to supporting the investment movement in Turkish real estate and attracts investors from all over the world, which positively affects the real estate market in Turkey and leads to the prosperity of the market and makes it strong and full of surprises compared to other European countries.

2- Competitive real estate prices

Those wishing to buy a property in Turkey can find a property at reasonable prices for their budget. Cheap real estate can be easily found in many Turkish regions. The person who wants to buy a cheap property chooses one of the properties with normal specifications and buys or invests it. As for the investor who wants to buy a property at a more expensive price, he chooses specifications Higher for the property he would like to purchase.

3- Find luxury real estate

Investors with capital, celebrities or businessmen can find what suits their tastes and aspirations in the real estate market in Turkey, including luxury villas, homes equipped with the latest technology, luxury apartments and many other properties that indicate the general state of luxury and luxury for the property owner.

4- Buying real estate in installments

This type of buying and selling has seen a remarkable spread in recent years, as there are many real estate companies that offer special offers for the possibility of installment sales, either selling ready-made properties or selling properties that have not been completed, or perhaps selling in installments through a Turkish bank.

5- Turkish Nationality

To encourage real estate investment in Turkey, the Turkish government sought to intensify efforts that would increase the number of investors and encourage them to come to Turkey to invest, so it carried out a set of procedures that facilitate the process of granting Turkish citizenship to foreigners by purchasing a property. , the investor can obtain Turkish citizenship under specific conditions. The property must have a value of at least 400,000 US dollars. When buying a property in Turkey with this value, the investor will be able to obtain Turkish citizenship after at most three months of submitting the required papers to obtain it.

6- Granting a Turkish passport to a foreigner

One of the measures that the Turkish government has sought to attract more investors is the possibility for the foreign investor to obtain the Turkish passport through which he can enter most international countries with or without a visa, according to the procedures of the host country. This feature prompted many investors, especially those of Arab nationalities, to buy real estate in Turkey and obtaining Turkish citizenship by buying a property so that they can submit papers to obtain a Turkish passport.

7- Obtaining real estate residency

Obtaining real estate residency in Turkey is one of the most important goals pursued by all investors who go to the real estate market in Turkey to buy real estate and invest in real estate, which entitles them to obtain residency and live on Turkish lands without problems that can be obtained by buying a property whose price is not less than 75 thousand US dollar

8- Great successes from previous experiences

The great successes achieved by businessmen and real estate investors in Turkey motivated many businessmen of different nationalities to go to the real estate market in Turkey and try this type of investment, because buying and selling real estate is one of the necessary needs of citizens, as obtaining housing is necessary for living and stability.

Tips for those coming to the real estate market in Turkey

• The investor must study in detail the market prices before starting the investment experience
• Choosing a reputable real estate company in the market
• You should review the real estate market prices in Turkey in advance
• He must make a good reputation for himself if he wants to continue in the field of buying and selling real estate
• The investor must study all the risks and obstacles that he may be exposed to and prepare for them
• The investor must monitor an adequate budget commensurate with the price of real estate in Turkey
• Choosing real estate within suitable locations, as the location is an important factor in determining the price
• Choosing a property with distinctive views and close to the tourist areas, so you can return with a high profit from this investment

the real estate market in Turkey is still to this day the important station that most businessmen of different nationalities go to, and therefore being part of this market is considered one of the most fortunate opportunities, so do not miss the opportunity and seize it

Set your goal and be encouraged, you are the winner.

ADVANTAGES OF BUYING REAL ESTATE THROUGH BINAA INVESTMENT REAL ESTATE COMPANY :

_ Our experienced real estate team will shortlist the suitable properties for you based on your wish list.

_ Extensive knowledge of the Turkish real estate market to protect you from  fraud .

_ Agents with superior negotiating skills that ensure you get the best properties at the most reasonable prices.

_ Save time and effort, as our construction agents have a distinguished group of apartments for sale in Turkey to put them in your hands. All you have to do is contact us and we will take care about everything.

Related articles :

The guide of real estate investment in Turkey 2022
Latest updates on Turkish citizenship and real estate residence
Luxury apartments for sale in Istanbul
How to obtain a Turkish passport?
The journey of looking for apartments for sale in Istanbul
Houses for sale in Turkey in installments
Villas for sale in Istanbul
Best offers for apartments for sale in Turkey 2022
How to obtain Turkish citizenship by real estate investment?
Steps to buying an apartment in Istanbul
Tourist Residency and Real Estate Residency in Turkey
The best real estate investment areas in Istanbul
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