A property purchase in Istanbul is among the most appealing options for any investor looking to begin investing in Turkish property, thanks to the huge advantages that the city is famous for.
What are the benefits of buying a home in Istanbul?
What do you think are the top motives that could lead investors or foreigners regardless of nationality to purchase and own property located in Istanbul and not other provinces and states in Turkey?
What is interesting has been noted is Istanbul is the place that is which is agreed upon by foreign and domestic investors across the globe, and not just due to a variety of motives and incentives.
In the next paragraph, you will be able to see all the factors that encourage foreigners to purchase property for sale Istanbul.
First: Real Estate Investment:
One of the primary reasons for foreigners to invest in a property to purchase a property in Istanbul is the desire to be a part of the field of real estate investment in order to make huge and substantial profit. There is no doubt that Istanbul is the perfect place for launching a venture like this. The end result will surely be unique and provide the owner with a great deal of profits and will be a huge satisfaction.
Second: Stability and housing:
One of the main motives for foreigners to purchase a home in Istanbul is the fact that he has located in Istanbul the perfect place for permanent residence, in which all the necessities of a perfect life are accessible like schools and hospitals, health centers malls, etc.
The third step is to obtain citizenship
One of the major reasons for foreigners to buy property to purchase property in Istanbul is the desire to acquire Turkish citizenship. According to statistics compiled in the year 2000, more than 40% of the people who bought property in the city were aiming for citizenship.
Benefits of purchasing real property in Istanbul:
If you decide to buy an apartment in Istanbul There are numerous advantages you’ll gain from it. This is precisely what entices anyone from abroad or an investor to invest in Istanbul and not the other Turkish cities.
Below, you can see it in its entirety, as you can see it highlighted in greater detail.
Successful real estate investment:
If you decide to join the investment industry of real estate in Istanbul it is a good choice to be successful and earn large and plentiful profit. Every indication suggests that Istanbul is a great place to get into this business and the experience of businessmen, investors, and other investors prove this.
If you purchase a home in Istanbul valued at more than 400 million US dollars or higher, you’ll be eligible to apply for Turkish citizenship that is among the most powerful and influential nations in the world. Additionally, you have to maintain the property for a minimum of 3 years. If during this time, you can’t sell the property. However and you’ll have the option of renting it out to earn massive and substantial yields throughout the year, particularly during the peak tourist season when the market for real estate rises significantly, which means it is unlikely that you will be able to find your home empty of tenants.
Second: A variety of important facilities:
The Turkish government was quick to offer all the services and incentives to help foreigners select Turkey generally and Istanbul particularly, in contrast to the scenario in European countries, where there are numerous obstacles that force the investors rethink their decision to buy their property.
One of the biggest benefits offered in Turkey for foreigners are the chance to obtain an actual residence permit. This is considered to be among the most significant and desirable kinds of residency in Turkey for any reason, thanks to the simplicity of getting it, on one hand and the option of renewing it every year in the opposite direction.
What you may not be aware of is that this residency permit permits you to move between Turkish states with ease without needing an authorization to travel, and it is also available to the entire family, i.e. the wife and children that aren’t yet at the age of 18.
It is not difficult to see it is one of the main and primary advantages an investor can see before him (the simpleness of processes required to own real property in Turkey) as well in the process of transfer, as well as other basic details.
Third: The expansion of the transport network:
You might think that the concept of housing and a residence in Istanbul is not a good idea due to the of the huge crowds are a part of it and its high population density. One thing you aren’t aware of is the fact that Istanbul is among the largest cities with the most people living worldwide and not just in Turkey.
However, this isn’t considered an issue at all since the transportation system and public transportation have been developed to a great extent, which makes it more significant in this regard than some of the biggest cities of the world, and particularly European ones.
Transportation lines were linked to all regions and regions were nourished from inside by buses, as well as other forms of transportation. Highways were constructed, contributing to the easy movement between regions and places at a great speed without having to invest lots of energy, time and money.
The expansion of the transport network linked the different areas of Istanbul to one another and became more of an entire block. the interconnection took place between the Asian as well as European sections too.
Fourth: It also includes international universities:
Have you ever heard that Istanbul is a city? of Istanbul has the most significant and prestigious private and public universities? They have achieved an important and high-ranking across the globe, but not just in the context of Turkey and due to the hard work of those who are in charge the university was successful in entering the international competition.
Students are accepted into these institutions from various countries around the globe, including the Arabs because they award their students with certifications that are internationally recognized and, specifically, by European Union countries.
Include in your list that students studying at these universities does not need a lot of money, since they are superior to universities in Europe that are difficult for students to attend due to the expensive fees they impose on one hand and on contrary, because of the harsh conditions they impose.
Five: Major tourist attraction:
Istanbul is among the cities that are the most significant around the globe in terms of tourism because it draws thousands of tourists from various nations to its historical, tourist and natural attractions that are scattered all over the world.
The tourism industry in Istanbul isn’t restricted to historic and ancient cities, but it is also home to many modern-day attractions including huge and luxury malls that draw both Turkish and foreign visitors.
Sixth: A large real estate diversification:
You’ve probably seen the huge real estate range that’s found in Istanbul in which you need to locate options that meet your needs with regards to specifications and costs and also.
One of the best alternatives that are in high demand in the city is the homes of residential complexes which are distinguished by their the utmost sophistication, luxury and contemporary styles, and are equipped with a variety of important services and leisure facilities that allow you to live a more luxurious way of life from the normal.
Seventh: Moderate real estate prices:
Despite all the benefits the city has however, the prices are to be very low and a good choice for comparing with prices are found comparable European cities with respect to prestige and importance.
According to a study published by The Times, an American The Times, a newspaper in the United States The Times, prices in Turkey generally are lower than the prices for real estate in eastern Europe and have a higher proportion of as high as sixty percent. Furthermore, it is also less expensive than property in the western part of Europe by an imaginary percentage of up to 90 percent.
Alongside the right price and the right prices, real property in Istanbul is distinguished by excellent quality and international standards Construction companies construct their properties in accordance with international standards for quality.
