In the subject of investment in real estate, Turkey lead the searches. We may claim its geographical, social-cultural and economic position as the first three reasons for this. Also, as other reasons for investment, low costs, medium and high returns, economic development and the legal advantages provided by the country may be given. Hence, we’ve summarized 4 reasons for investing in Turkey in this report.
1. Citizenship of Turkey
Turkey provides an investment program for citizenship. The Turkish Investor Program is a qualified citizenship program that allows you, while investing in Turkish real estate, to obtain a Turkish Passport with the right to live, work and enjoy easy access to Schengen countries.
Turkey declared in 2018 that foreigners should invest $250,000 to apply for citizenship. With the previously decreased investment amount from $1 million to $250,000, several investors had the ability to become both hosts and Turkish residents.
2. Strategic Position
Turkey is one of the world’s most popular countries. It is also a natural bridge that links Asia and Europe and across history, it has many trading routes. Turkey still has a strategic location for Asia, Europe and Africa that is economically important.
3. House Prices and Lower Bill Costs
Above all, one of the reasons of investing in Turkey is the Turkish lira has decreased in value in recent years. As a result of this situation, Turkey’s global housing sales have increased. For 2018, 2019 and 2020, corporate income tax dropped from 33% to 22%. In some special cases, foreign investors may be excluded from this tax in whole or in part.
4. Young Population
Compared to European countries, Turkey’s young population is very high. For investors who come for investment in real estate and business purposes, the young population is significant. Lastly, if you are willing to purchase Turkish estate and would like more information or advice on Turkish real estate law, or any other topic you may call us or send us an email.
If you would like more information about the advantages of investing in Turkey, you can visit the post of ours: https://www.listingturkey.com/what-are-the-advantages-of-investment-in-turkeys-real-estate/