Investment in Turkey

There are cheap properties in Turkey with prices starting from 20 thousand US dollars. Such option can be purchased and rented out to achieve a monthly profit.

- The exchange rate fluctuations of the Turkish lira, and the high rate of inflation in the country, which reached 14.2% in the year 2020.
- The difficulty of conducting transactions in official departments by oneself, due to the language barriers. Unless if you speak Turkish.
- The large number of marketing companies in Turkey, due to the large number of foreign communities in Turkey, brought about the spread of fraud and scams.

The best investment in Turkey is to invest in commercial real estate, by purchasing a store rented out to an international brand in a commercial mall with a minimum of 400.000 US dollars. By that, you can earn a rental return of 6-7% of the property price annually, you can acquire Turkish citizenship along with your family members under the age of 18, and finally you can consider reselling that commercial property after 3 years at a reasonable profit.

In all apartment sales in Turkey, Istanbul is consistently number 1, followed respectively by Antalya, Izmir, Ankara, and Mersin.

Iranians and Iraqis are in the vanguard of apartment purchasers in Turkey, as well as those from the Russian Federation, Afghanistan, Kuwait, Germany, and the United States.

This is owing to the strategic location of Turkey at a crossroads between Europe, the Middle East, and Central Asia. For real estate developers and investors, Turkey opens up a lot of possibilities. As well as Turkey's stability and the regulations that promote foreign ownership in Turkey, particularly with the possibility of gaining Turkish citizenship in return for property ownership in Turkey.

Turkey is not just one of the most desirable countries for obtaining a second citizenship, but it is also a major actor in the globalized market, with substantial importance among nations, and one of the countries experiencing rapid infrastructure development at all levels. Because of its strategic location between East and West, it has become a popular tourist destination for tourists from all over the globe, and it also offers a highly appealing real estate market with a high rate of return on investment. Furthermore, Turkey offers a wide range of legal services, housing options, and architectural styles for new projects.

Istanbul is quickly becoming the most popular and desired location for real estate investment. Istanbul is the country's cultural, economic, and historical powerhouse. Then come the coastal city of Antalya, Bodrum, and Ankara.

Although purchasing real estate in Turkey is uncomplicated, there are certain restrictions for foreigners:
• To own real estate in Turkey, foreign nationals must be citizens of one of the nations specified in Article 35.
• Property purchase is prohibited in security zones and restricted military zones.
• A foreigner may possess no more than 30 hectares.

Investing in villas for sale in Turkey gives a wonderful and excellent long-term gain, and investing in villas in Turkey is one of the simplest and quickest methods to get Turkish citizenship, which is awarded in exchange for ownership in Turkey to enjoy by that all the rights of residency and employment in Turkey. Finally, villas for sale in Turkey can be rented, since they may provide a net rental income of more than 10%. Another benefit of villas in Turkey is that their values climb by up to 10% every year.

Kalkan area in Istanbul.
Gümüşlük area in Bodrum.
Üzümlü area in Antalya.

The following factors influence villas prices in Turkey:
1- Location: Villas with views of the sea, picturesque landscapes, or in big cities are more costly.
2- The area of the land and the proximity of services and social amenities to the villa area.
3- The presence of a solid security system for the villa. Prices for villas in Turkey range from 60,000 euros to more than 150,000 euros.

1- Purchasing a property from a Turkish real estate developer or a Turkish individual.
2- Obtaining a property appraisal report.
3- Registering the property in the deeds office (Tapu) for $400,000 or more, and paying the entire amount of the property by bank transfer.

1- The area's proximity to Istanbul's center is crucial since locations near the center are sought after by real estate investors owing to the growth in their real estate values.
2- Proximity to megaprojects like Istanbul's Third Bridge and the Istanbul Canal.
3- The region's accessibility to public amenities such as hospitals, colleges, retail complexes, banks, post offices, and communications, as well as the availability of beaches and recreational activities.
4- Location or proximity to highways, as well as the availability of transit in the region (metro, tramway, and metrobus).

1- Studio apartments 0 + 1:
They have the least amount of room and are the most affordable.
2- Ordinary apartments:
They are one of the most sought-after types of apartments in Istanbul by investors.
3- Duplex apartments:
They are made up of two floors connected by a stairwell.
4- Penthouse apartments:
They are also known as "the king's apartment" and are among the most sumptuous apartments in the residential complexes.

Each of Istanbul's "European and Asian" sides has a unique selection of high-end villa projects. However, investors prefer to invest in villas on Istanbul's European side, such as Beylikdüzü, Başakşehir, Büyükçekmece, and Sarıyer. On the Asian side, Üsküdar and Beykoz, as well as Cekmeköy, are the most notable villa areas.

Their significance stems from the fact that demand for villas for rent and purchase in Istanbul is continually rising, with a limited supply to meet that demand. Furthermore, the profits earned by the investor when he sells the villa in which he invests are far larger than the profits earned by the apartments. Investing in villa projects in Istanbul is advantageous not only because of the quick increase in real estate value and profits, but also because it meets the requirements for getting citizenship with fewer and simpler procedures.

Bursa is situated in the region of the Sea of Marmara in northwestern Turkey, adjacent to Kütahya, Balıkesir, Sakarya and Yalova.

Bursa is undeniably one of Turkey's most important cities, being the country's industrial hub. It's also one of Turkey's most important tourist attractions, with a well-developed infrastructure that makes it a potential investment alternative to Istanbul. The significant growth of the industrial, service and tourist sectors in Bursa has made it an attractive environment for real estate investment in Turkey, and has contributed to the rise of the residential sector and boosted the desire for it to become the focus of attention for investors wishing to live in Turkey.

Bursa is divided into 17 districts, which are spread out between the city center and the suburbs. These districts include Gazi Osman, Nilufer, Orhan, Yildirim, Yenişehir, Büyükorhan, and İznik.

The significant increase in real estate investment in Turkey was mirrored in the number of services and facilities available in the villas system, which includes integrated security and control systems, remote firefighting systems, entertainment and sports halls, indoor and outdoor swimming pools, youth centers, and a variety of other amenities.

Bursa, which real estate experts anticipated would have a bright future in the housing and tourist sectors, is now the leading city in terms of tourism and urban initiatives, and a one-of-a-kind location for buying property in Turkey.

The revenue made by commercial operations accounts for 34% of the city's total national income. The tourist industry is one of Antalya's most important economic sectors. Annually, around 15 million tourists visit the city, accounting for almost 25% of the overall international visitors to Turkey. Furthermore, Antalya now boasts almost 4,000 foreign-owned businesses. Commercial real estate has experienced a real increase in prices of up to 31% during the last four years, according to 2020 statistics.

• In terms of significance and geographic location:
1- The property should be located in the city center, with a large frontage facing the pedestrian street, to guarantee that the commercial property does not sit unoccupied for an extended period of time without being rented.
2- The commercial property should be situated within complexes, marketplaces, or shopping centers that offer similar services as the property being acquired.
3- It should be close to major highways and public transit routes.
4- It should be close to important facilities and government offices.
• Special requirements: special care must be taken to the description of the commercial property in the official documents in a way that is suitable for the project.

1- Investment in commercial real estate under construction: This is the situation with properties for sale under construction at very low costs in order to raise the funds needed to finish real estate projects. The earlier the under-construction property is acquired in the project, the cheaper its price will be.
2- Purchasing and reselling: When real estate developers or individual investors want quick cash, they may pitch their properties as reduced offers in order to expedite the sale process.
3- Investment for the purpose of leasing: This is the most prevalent sort of commercial real estate investment since it provides a steady monthly income while the property's value is increasing over time.

In Antalya, the average price of commercial real estate is 3328 TL per square meter, with a real estate capital refund time of 18 years expected. Compared to other forms of commercial real estate, the prices of shops are significantly higher.

In 2013, Antalya ranked third behind Paris and London in terms of the most visited cities in the world by tourists, demonstrating Antalya's growing prominence in tourism in recent decades. With the rise of the coronavirus, vacationers' demand to rent villas has skyrocketed, as well as the demand of international investors who want to gain Turkish citizenship by buying a villa in Turkey rather than wasting time looking for several apartments and being overwhelmed with the country's cumbersome processes.

City center areas: They are distinguished by their closeness to major service and critical amenities, and they are located in four main districts, the most prominent of which is Konyaalti, with high villa prices. Then come Lara-Kondo in the Muratpaşa region, and Döşemealtı that is also considered to have inexpensive villa pricing when compared to the rest of the regions. Tourist areas: Antalya has four main tourism sites, including the Kas tourist region, which is located in the extreme west of the city, about 200 kilometers from the city center with villas that have the most premium pricing. As well as Alanya, which is 100 kilometers from Antalya's center. Alanya, like Kargıcak and Bektaş, has a lower average price for villas than Kas, Konyaalti, and Lara.

• Standalone villas: They are one of the most attractive types of villas since they are secluded and not connected to other villas. In general, these villas have gardens, parking spaces, and, in many cases, their own swimming pools. Sometimes, standalone villas share gardens, swimming pools, and other social amenities.
• Twin villas: These villas are made up of two linked villas with identical designs and specifications that are divided by a wall. Each of these villas has its own entrance and yard, as well as a private swimming pool, and their costs are lower than standalone villas.
• Townhouse villas: A cluster of linked villas with the same designs and specifications that are divided by a wall and have a smaller space than other villa types, as well as being less expensive and less common. There are two-story duplex villas and three-story triplex villas, which are the most popular and coveted by investors, as well as single-story villas.

• Location: The closer the real estate to social and service facilities including hospitals, schools, transit lines, and marketplaces, the greater its real estate value.
• Space and Style: The larger the overall or building spaces of the villas, and the more internal divisions there are, the higher their real estate value. Likewise, detached villas are more costly.
• Quality and services: By quality, we mean the materials, supplies, and techniques used in the building. The more diversified the services and social amenities given by the villa’s complexes, the higher the value of villas within villa complexes. The average price per square meter in locations like Döşemealtı ranges from 7,225 to 16,125 in areas like Kas.

Antalya is divided into 19 districts, 12 of which are on the Mediterranean coast. The city core is made up of 5 of these districts, which are split as follows: • City Center Areas: These regions are preferred by real estate investors because of their liveliness, activity, and the presence of significant service and entertainment facilities, as well as numerous government agencies. This is shown favorably in the ease with which people may live, work, and move in places like Konyaalti, which is located in the western section of the city center.
• Kepez district: which is home to the recently constructed Antalya Medical City.
• Muratpaşa district: which comprises the hub of the historic city, "Antalya Castle," as well as the city's throbbing economic heart.
• Aksu area: the area is notable for its closeness to Antalya International Airport, aside from its tourist features.
• Areas outside the city center:
• Alanya region: which gets more than half of all foreign investor interests in Antalya,
• Kas region: It is regarded as Antalya's most expensive real estate district.
• Kemer area: It is 40 kilometers from the city center and has several individual villas.

Residential real estate: Traditional apartments in open structures or contemporary apartments in modern complexes are examples of this sort.
Commercial real estate: The majority of workplaces and retail stores are centered in the city center.
Land: There are three types, namely: residential, commercial, and agricultural lands.

According to real estate indications for the year 2021, the average price of a 100-square-meter property is roughly 454,800 Turkish liras. However, this average exceeds one million liras in certain regions of Antalya, such as Kas, and falls below 350 thousand liras in others, such as Kepez. In Konyaalti, a residential property with a 100 square meter space costs around 747,800 TL on average.

1- The city's ancient fabric and the grandeur of its scenic surroundings, which overlooks a long stretch of the Mediterranean Sea.
2- Job possibilities, living, and life licenses are always available.
3- Every year, around 100,000 expats from all across Turkey visit the city. In addition to the hundreds of international expats from throughout the world seeking a peaceful and happy lifestyle.
4- It is undergoing one of Europe's major urban transformation initiatives, with old slums being demolished and new contemporary residential apartment developments based on the smart city system being built in their place. That is in addition to reorganizing the city's public transportation system and establishing additional routes.

1- Location and significance: The apartment must be placed in a central location or adjacent to public transit lines and public service facilities like schools and universities. In Antalya, Konyaalti and Kepez are the most prominent examples of central areas.
2- Apartment’s specifications: In terms of age and building materials, the price of apartments grows with the increase in area and number of divisions, the higher the floor, and the more lovely the view and open facade.
3- Services provided: Including indoor and outdoor pools, gyms, saunas, Turkish baths, and children's play spaces. In a neighborhood like Serik, the average price of a 100-square-meter apartment starts at $326, 000, and the investor may, in 18 years, win back the money he used to buy an apartment in Antalya.

• Modern designs, such as the provision of toilets and showers in the parents' room, as well as panoramic views, in addition to the use of heat and cold insulated windows that are also ray-reflective, as well as the use of high-quality building materials, such as parquet floors in the bedrooms and ceramics and alabaster in the common spaces.
• Heating: natural gas is used to heat the ground and the water in many apartments in Antalya, which is regarded as one of the safest, most cost-effective, and best heating methods available.
• Electrical appliances: most apartments come equipped with kitchen appliances.
• Smart home system: to conserve energy by allowing remote administration of the apartment and control of the equipment such as electrical appliances, curtains, taps, heating and cooling, and others using phone applications

Istanbul, which has over a hundred areas with offices for sale and rent, Ankara, which has 12 office zones, Izmir, which has 3 office areas, and Gaziantep, which has 3 office areas, in addition to Adana, Mersin, Denizli, Konya, Bursa, Kocaeli, and Kayseri, which each have 1 office area, are some of the most prominent Turkish cities, with some of the most well-known and vital business areas in Turkey.

1- It is less risky than residential real estate. This sort of property offers a high monthly investment return and long-term, guaranteed rent.
2- The contract duration in such real estate is frequently long, ranging from 5 to 10 years, but in residential real estate, the contract term is usually only one year.
3- Another benefit of commercial real estate, such as commercial offices, is that the owner is not responsible for all expenditures, including taxes, renovations, painting, and maintenance.

This is due to the fact that Turkey is one of the world's developed countries, with its economy ranking twenty-first in terms of gross domestic product. Since 2016, Turkey has also been the Islamic world's second-largest economy, behind Indonesia. Not to mention the advantages of its managerial placement as a connection between Europe, the Middle East, and Asia, in addition to the beauty of Anatolia's attractive nature, as well as the charm of living in Turkey, which many people throughout the world prefer. All of these factors combine to make Turkey a desirable location for investors and company owners from across the world looking to start their operations and invest in Turkey.

If you do things right and deal with a competent real estate business that understands what they're doing, buying property in Turkey is quite safe and uncomplicated.

Because of its great liquidity, investing in Turkish real estate is favorable. Apartments in residential complexes that offer a variety of amenities and are located in locations with excellent infrastructure are in high demand throughout the year. They're also good for resale.

Purchasing real estate in Turkey is a wise long-term investment. Regardless of the global COVID-19 epidemic, the sector presents exceptional potential, especially for international companies.

Since January 2017, you can buy your ticket for Turkish citizenship.

Buying a property in Istanbul is a great investment because the city's rates are quite affordable, especially for international purchasers. The majority of homes in Istanbul have a one-year rental potential, resulting in a significant return on investment in the form of rental revenue.

Under the correct circumstances, it is possible to get a Turkish mortgage as a foreigner.