Investors from around the world who want to invest in the property market sees Turkey, especially Istanbul, as a center of attraction. The Turkish property sector has achieved great international success due to its historical riches and its reputation as a tourism paradise. If investors who’ll prefer Turkey for property trade know about Turkey’s encouraging features, the profit of the investment to be made as well as the interest in Turkish property sector will increase. The advantages offered by Turkey to foreign investors are as much as those offered to domestic investors, and Turkey has been recently preferred in the property sector, which clearly causes an increase in value. The benefit that will be generated if foreign investors prefer in Turkey for property trade has been compiled under 4 items below…
Raise Your Capital Gain with Liquidity Potential!
Property investment is one of the most successful and reliable means of investment in Turkey. It’s the least risky and the fastest growing investment tool with the least amount of loss. In recent years, those who intend to do property trade have been investing to increase their capital gain, rather than residing in the properties. The buyer market has grown even more with government incentives and the increase in the population in Turkey. In line with the 2023 vision plan, which aims to increase the number of people per household compared to European countries, government incentives are observed to be growing along with government incentives. For foreign nationals, buying a property in Turkey is a fast and easy preference due to low cost and low taxes. The reasons why Turkey is preferred in the property trade also include the matter of tax exemption. The value of the purchased property will increase in 5 years and capital gain tax exemption will be ensured.
Urban Transformation Advantage in Property Investment
There is something that changes balance in property sector in Turkey. In particular, the increase in the number of new branded property projects realized in the outskirts of the main city center has increased the size of the investment made in property trade in Turkey. The trade made by domestic and foreign investors by buying properties from these new projects with modern architecture will turn into an advantage in the future. The associated social transformation will ensure positive development of the country’s economy and increase in the value of investment. In addition to all these, with development of shopping, nightlife and means of transport, the advantages of city life go to higher levels and a noticeable increase in value is noted. Turkey, which is a favorite of local and foreign investors in property trade, goes through a transformation, which is the most important indicator of why it’s preferred and why it should be preferred.
Increase in Value with Mega Projects in Turkish Property Sector
In Turkey, which is a major center of attraction for local and foreign investors who will invest for property trade, mega projects, which will increase property values, have been completed quickly. With the mega projects, the value of lands and properties increases, and investments in transport enhances value of property investments. Bridges and improved transport links attract foreign investors who see potential for investment in property trade. Some of the advantages of improved means of transport and mega projects include less traffic jams. This results in the fact that Turkey, which has become a center of power for commerce and dwellings, becomes a center of attraction in property trade. Mega projects, expected to be completed by 2028, and construction companies’ projects that will create mini cities inside the city are well underway so the percentage of preference for Turkey in the property trade continues to increase, which provides great advantages to investors in a short time.
Global Power Center Valued by Tourism and Business Centers
Turkey is referred to as an invaluable center of tourism with its historical riches and natural beauties. Through means of mass marketing, tourism is developing and the economy is also developing rapidly. In addition, being a global center of power for business, finance and economy, Turkey is preferred for property trade, which increases Turkey’s strength and creates attraction for investment. The support provided by the state provides advantages to both Turkish citizens and foreign nationals. In conclusion, Istanbul International Financial Center project, which will enable Istanbul to be equal to Wall Street, the world’s popular financial center, proves to be one of the primary reasons why Turkey is preferred in the property trade. With the construction of mega projects in Turkey, particularly in Istanbul, which will enable Turkey to be distinguished in the property trade, as well as Turkey’s historical value and natural beauties, which make Turkey a paradise of tourism, Turkey is increasingly becoming a global center of power for foreign investors.
