advantages of buying a property in Turkey

advantage buying property

1. Low tax in Turkey , the decision to reduce taxes in Turkey is one of a series of decisions concerning the real estate sector in Turkey , and was reflected positively in stimulating foreign investors to own property in Turkey , which contributed to the revival of the real estate market in Turkey in general . The most important tax deductions are : Exempting the foreign buyer from the value added tax due on the property .

2. Obtaining a residence permit , where foreigners who own properties in Turkey , whose price is less than $ 250.000 , are granted a residence permit that is renewed annually . Real estate residence permit in Turkey is granted to the landlord , his wife , and his children under the age of 18 .

3. Real estate in Turkey is the cheapest real estate investment in Europe , where real estate prices in Turkey are considerably cheaper than those in Europe , with similar features in infrastructure , and similar in structure of developed European countries .

4. Real estate investment in Turkey provides a profitable investment return , based on the economic activity and rapid urban development , and the strength of tourism in Turkey , which is best reflected in the periods and tourist seasons , through the demand for rental homes during those seasons distributed throughout year .

 motivates and encourages investment in Turkey

The countries of the world are racing to attract investors , in order to stimulate the local economy of the country , by pumping money into the arteries of the country , and the development of its projects , but Turkey is distinguished from other countries with unique investment incentives . What motivates and encourages investment in Turkey ?

  1. The strategic location of Turkey . Turkey , a modern and developed country , with a history and ancient civilization , which is located in the middle of the world , and it is divided widely on the continents of Asia and Europe and combines the originality of the East and modernity of the West . The Republic of Turkey is divided into 81 provinces , and Ankara is the capital of the country , and Istanbul is the financial capital and cultural and economic heart of the country , and the Republic of Turkey includes major and famous cities such as : Izmir , Antalya , Gaziantep , Diyarbakir , Konya , Bursa and others lots .
  2. Low tax in Turkey , the decision to reduce taxes in Turkey is one of a series of decisions concerning the real estate sector in Turkey , and was reflected positively in stimulating foreign investors to own property in Turkey , which contributed to the revival of the real estate market in Turkey in general . The most important tax deductions are : Exempting the foreign buyer from the value added tax due on the property .
  3. Strong and developed infrastructure , as infrastructure projects in Turkey continue at a steady pace . The Turkish Minister of Transport and Infrastructure has announced that his country has completed projects in the transportation sector with a total value exceeding 150 billion Turkish Lira ( $ 26 billion ) . Among the most anticipated infrastructure projects are the 3-storey Istanbul Tunnel Project and the Istanbul Canal Project .
  4. The rapid growth of Turkey’s emerging and developing economy . Since late 2017 , economic growth rates have exceeded official forecasts and indicators of Turkey’s statistical and economic institutions . Turkish and foreign economists point out that Turkey’s economic growth rate will reach around 12% in 2019 , the highest rate in Turkey’s economic sector since 2015 .
  5. Skilled and competitive labor , where the Turkish President , Recep Tayyip Erdogan , that the labor force in Turkey rose from 22 million , in 2002 , to 29.5 million , stressing the increase in employment despite the increase of labor in the country .
  6. Turkey is a member of the G20 , the world’s 20 largest economic powers . The G20 is a group of 19 countries as well as the European Union , and the meetings of this group focus particularly on economic policy topics .

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