Is Turkey a Good Place to Invest?

Many real estate investors are excited by the prospect of finding a new place to buy property. Turkey is nonetheless one of the uncharted investment waters that many are yet to invest in. So the fundamental question is whether the country is a good place to invest. The truth is there are numerous investment opportunities in this nation that come with loads of advantages.

If you have been wondering if it’s worthwhile putting your money in this market, worry no more as this article is custom-made for you. We have compiled some of the fundamental things that make Turkey an important real estate investment hub. So read on for exclusive insights on why this is one of the best places to put your money with heightened assuredness of handsome returns.

You can get citizenship by investment.

One of the key upsides of investing in Turkey is that you can acquire citizenship by investment. This is a program that was launched in 2017 to attract investors into the country. Applicants can choose to invest in different investments as long as they meet the minimum set threshold.

This type of citizenship comes with loads of benefits. They include:

• Guarantees Visa-free access to numerous world major investment destinations such as Japan and Hong Kong
• Being a citizen in a country that has a beautiful climate that is conducive for living. You also have a chance to own a home in one of the most picturesque nations in the world.
• Access to full citizenship for the applicant as well as the immediate family
• You also become eligible for an E-2 Visa that allows you to visit the US freely. 
• Easy access to many parts of Europe

The above benefits are just a tip of what you will achieve once you get citizenship by investment in Turkey. The conditions of accessing all these services are also relatively straightforward. Turkey is keen on drawing as many investors as possible as long as they meet the minimum prerequisites. They include:

• Invest at least $250,000 in a real estate entity. You can buy a house valued at this rate or build one from scratch.
• Have a deposit of at least $500,000 in a Turkish bank
• Buy Turkish government bonds valued at a rate of at least $500,000
• Create an investment that will provide direct employment to at least 50 Turkish citizens. This must be validated by the Ministry of Family, Labor, and Social Services.

Once you fulfil any of these conditions, you are assured of starting your journey to becoming a Turkish citizen. After the application is successful, the applicant is granted permanent residency, which also applies to their immediate family.

You will access lowly priced Real Estate.

Obtaining a mortgage in Turkey in the past was quite an ordeal. This was primarily due to the predominant real estate acquisition policies. Most people would only obtain property via inheritance or through savings.

Now the government has intervened, urging the increased investment in the country by encouraging the provision of mortgages. Real estate is also lowly priced, which is an attractive thing for most investors.

You will benefit from the Improved Mortgage Law.

The passage of new mortgage law in 2013 opened access to mortgages by enabling access to mortgage facilities at a low interest rate. This law means that more people will be able to afford houses than in the past. Consequently, due to the increased access to credit, demand for housing will surge, which is a good boost for investors seeking to buy for future sales.

Under the new law, foreigners have the right to purchase up to 2.5ha of land for personal or commercial use. Additionally, foreigners are also eligible to apply for a mortgage. This is a massive boost for foreigners intending to start real estate projects in the country.

You will join other foreign investors.

Many foreigners have discovered the potential in Turkey’s real estate market and are. As a result, pouring into the country in numbers. As a result, there is a large influx of property funds, mainly from the Gulf and Europe. Most of these investors are from Dubai, which is a testament to the country’s attractiveness as a key investment destination.

For many corporate investors, the target is creating high-profile recreation facilities such as golf courses. For the government, more effort is in improving the country’s infrastructure. Therefore, there are many activities aimed at underlining Turkey’s position as a key investment and tourist destination.

Therefore, investing in Turkey means being part of this positive economic growth with the promised reward of substantial returns.

You can Invest in ‘Buy to Let’ projects.

Every year, tourists stream into Turkey in millions. It is estimated that at least 25 million come to the country every year. This is good news for investors in the ‘Buy to Let’ projects. The rental yields are also quite substantial, usually ranging between medium to high.

In the country’s major cities, you can expect a yield of approximately 7.6%. However, coastal zones are the most lucrative as the yields can amount up to 13%. With easy access from different parts of Europe and the country’s low cost, the significant tourist flux is expected to continue. This marks it as one of the most viable buys to let investment centres in the world.

Therefore, Turkey is one of the best places to consider if you want to buy for investment, retirement, or a getaway holiday destination.

You will reap from Strong Capital Growth.

Emerging markets offer the most feasible investment opportunities for real estate investors. Turkey is one of the markets to watch as it has immense promise, with property rates soaring at astronomical rates. There is also impressive capital growth makes the market an important investment destination.

There is also a property demand flux by the local population, which has been boosted by the easy access to mortgages following the passage of the new mortgage laws. As it stands, investors can source up to 80% of funding from local banks. This promises strong capital growth, which is also expected to boost the return on investments for foreign and local investors.

With a capital growth of approximately 25%, investors can only expect better returns.

You undoubtedly would not want this investment opportunity to pass you, and we are here to ensure that this does not happen. Our real estate investment experts at Mortimer’s International have all the inside information you need to invest in Turkey. Contact us, and we will provide you with detailed information on the best properties to buy in the country at the best prices. So don’t let this investment opportunity pass as you watch.