The answer to this question is ‘Yes’!!
Buying a property in Turkey is a great investment and for so many reasons.
Turkey has been a very popular country for investment for many years, and, can be very profitable.
The country of Turkey is one of the top ten real estate investment destinations in the world. Many investors will choose Turkey over Europe due to the cheap properties in Turkey, when compared to the European real market estate.
Property Tax – The Turkish government is always issuing new property tax and announcing consistent tax cuts and facilitation. These laws are an encouragement to foreign investors who want to buy properties, or land in Turkey without worrying about paying a lot of money to taxes.
Istanbul. The urban revolution – Istanbul is one of the busiest and crowded cities in the world. Locals and foreigners have a high demand for real estate in the city. Because of this, construction companies, with the help of the government, are expanding residential and commercial properties in the city, creating cities within the city itself.
High and guaranteed investment returns – Buying a property in Turkey can generate a yearly income that reaches up to 15% of the properties total price. This income is high due to the demand for rental properties in Turkey, especially in Istanbul.
Buying and residing in Turkey – Once an investor becomes a property owner in Turkey they have the right to a Turkish Residency Permit, allowing them to enter Turkey without the need of a visa.
Turkish Citizenship – If an investor buys a property for the amount of 250 thousand USD, the investor and their family have the right to Turkish citizenship through investment. This citizenship has many benefits.
Ownership – Once a property has been purchased, the owner can easily rent it out or pass it on to their heirs.
So, Turkey has many ingredients of an excellent investment location as well as being a very popular tourism destination with low real estate prices, buy to let and a very strong re-sale market.
Turkey also has one of the fastest growing economies in the world, from its geographical location, diversified economy and ease of investment compared to so many other countries.
If you are thinking of Turkey to start investing or to expand your current business then you have already made the right decision.