Turkey is a country which connects Asia and Europe andone of the most promising real estate markets in Europe, and the mantra “location, location, location” rings especially true for this country. Strategically situated at the crossroads of Europe, the Middle East, and Central Asia, and home to almost 82 million people, Turkey offers great opportunities for real estate developers and investors by combining a large construction sector with growing commercial and industrial output.
Number of foreigners buying real estate in Turkey has increased considerably compared to previous years, according to Turkish Statistical Institute (TUIK) results show that real estate market sales increased by 84 percent of last year’s sales.
Istanbul is one of the most preferred cities of Turkey when an investor wants to buy a property to live or just as an investment. One of the reasons for that is Istanbul’s unique location as a natural bridge between the European and Asian continent. And also, its growing and developing world of work is one of the reasons. As the main location for worldwide business centers and international companies Istanbul is the heart of Turkish economy. For all those good reasons Istanbul is the star of Turkish real estate market.
Most important benefits of buying a real estate in Istanbul is Turkish Citizenship Program. In this program Turkey Government offers citizenship investment program. Last year Turkey Government announced that the amount of investment required to apply for Turkish Citizenship Program is $250,000.
For getting Turkish Citizenship you need to apply to the Tapu Office (General Directorate of Land Registry and Cadaster), and request to obtain Turkish Citizenship. If you buy a property in Turkey value of at least $250,000, your family (your children need to be under the age of 18) may get citizenship.
Second benefit of buying a property in Istanbul, you can buy properties cheaper than other countries, especially Europe. If you don’t want your investment to remain just an investment, if you expect a return on your investment, Istanbul is the perfect choice for you.
It is important that investors should examine, know and have information about the sector carefully before taking action. For example, if you want a summer house with a garden, the districts that will appeal to you may change. Not only the districts, but even the neighborhoods in the district will be different accordingly. If you want a house close to business centers and in an area that lives in the spirit of the city maybe you can check Basın Ekpress, Bakirkoy and Sisli districts in European side of Istanbul.
But it is not just about finding the right district and the neighborhood, it is about finding the right project for your purposes. You need to find a project that will appeal to all your wishes.