Reasons why foreigners love to invest in Turkish property
Financial experts and analysts predict another crisis in many countries of the world. Therefore, it's time for investors to think about the profitable investment of their savings abroad.
In such conditions, it is quite difficult to make a decision about where to invest money abroad, especially for novice investors. One of the most interesting and profitable investment instruments is the purchase of foreign real estate. In particular, residential or commercial property in the Republic of Turkey.
If you are interested in how to invest in real estate in Turkey, which objects are the most promising now – this article is for you.
Reasons why foreigners love to invest in Turkish property on page
Is it worth investing in real estate in Turkey?
Over the past few years, Turkish houses and apartments have been in high demand among buyers from abroad. The increase in sales has a very simple explanation: investments in real estate in Turkey are very profitable for investors and guarantee them a number of advantages.
First of all, it is worth noting the high return on investment, that is, the profit that the owner of Turkish apartments receives from their cost in the short or long term. And, secondly, at any time, it is resort real estate that remains one of the most attractive, reliable and proven ways, if not to multiply, then certainly to save your capital. I will add that in this case, the correctness of the choice of the object and the competent management of the asset is crucial.
Other advantages of investing in the acquisition of property in Turkey are:
Prices and assortment. A large selection of objects on the primary and secondary market at a reasonable cost.
High economic indicators. The Republic of Turkey has good prospects on the world market, has a unique strategically advantageous location and, according to analysts, will soon enter the top ten countries in the largest developing economies in the world.
Tourism. The demand for Turkish resorts among tourists from all over the world is actively growing, despite quarantine restrictions. The tourism industry is supported by the government, all conditions are being created to provide foreigners with European-quality service.
Low tax liabilities. VAT on the purchase of housing is 0%, the purchase tax is only 4% of the cadastral price of the object, the annual tax is 0.2%.
TAPU's ownership of Turkish apartments is the basis for obtaining a residence permit and citizenship, subject to certain conditions.
These and other advantages confirm that investing in real estate in Turkey is a great way to save your savings and additional passive earnings.
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