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Life in Turkey: What advantages are available to foreign investors?

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Life in Turkey: What advantages are available to foreign investors?

Turkey is a stable and promising oasis for foreign investors. The country's strategic location, developing economy and real estate market give property owners the opportunity to diversify their portfolios and maximize profits. Let us tell you what advantages of living in Turkey are available to foreign investors

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The Turkish real estate market has many benefits for those who are willing to make a forward-thinking move. Turkey's growing economy and the combination of high demand and affordable prices makes the Turkish real estate market unique in its kind and opens up new opportunities for investors from all over the world.


Why foreign investors choose Turkey and what opportunities await them in this country - read further in the article.


The advantages of investing and living in Turkey


Turkey has always attracted foreigners with its tourism, nightlife and low cost of living. 


This country boasts not only a developed economy, but also a rapidly developing real estate market. 


Due to its unique location, which provides access to a wide range of markets - Turkey attracts foreign investors from all over the world. 


Subsequently supported by the government, with incentives and tax breaks for foreign investment, more and more international investors are exploring investment opportunities in Turkey.

  

Strategic Location  


Turkey's geographical location at the junction of Europe, Asia and Africa gives the country access to a global market of 1.3 billion consumers. 


Turkish Airlines connects 323 destinations in 127 countries.


This strategic location of the country contributes to a huge potential for economic growth by attracting foreign investment.


Developed economy  


The Turkish economy has grown rapidly over the past 10 years. The country's diversified economy offers various opportunities in the manufacturing, energy, agriculture, tourism and real estate sectors.  


International investors are taking advantage of these sectors to contribute investments. 


The Turkish market is most attractive to investors due to its high yields and large selection of luxury and affordable apartments.  

 

Government support  


Today, Turkey is ranked 33rd in terms of ease of doing business among 190 countries in the World Bank's ranking.  The country has about 33.3 million working age population and the highest labor force growth among European countries.


The government's supportive stance further increases Turkey's attractiveness to international investors. Income earned in Turkey is taxed at a maximum of 35%, which is very favorable for foreign investors. 



Developed real estate sector


The construction and real estate sector in Turkey offers investors luxurious and modern options. 


Most of the new residences are equipped with smart home technologies and also have luxurious swimming pools, spas and gyms. 


High tourism


Turkey is visited by 45 million people annually, and the country itself is the 6th most popular tourist destination, ranking 9th in terms of tourist income.


Most foreigners invest in Turkey to have their own vacation home, as well as to receive a stable income on rental properties. 



Why do investors choose Turkey?



Affordable cost of living 


On average, a family of four can expect a comfortable lifestyle for about $1,800-$2,000 per month without rent. 


The affordable cost of living in Turkey provides savings for investors, thereby contributing to the profitability of their own business.  


Tax incentives for business


The government of Turkey stimulates the development of industry and trade in the country. 

For this purpose, 18 free zones have been established with special tax treatment for companies engaged in trading, storage and packaging of goods, banking, insurance and other authorized activities. 


Companies operating in Turkey's free zones do not pay property and real estate taxes, corporate taxes, and VAT on logistics services supplied to third countries.


Simple visa procedures 


Turkey has an online visa application system. 

Electronic visas make it easy to enter Turkey for tourism, trade or humanitarian purposes.


Developed domestic and foreign markets


Turkey has the 10th highest GDP per capita among countries with more than 50 million people. 


The customs union with the European Union provides direct access to its market, which is 448 million consumers. Turkey has also signed a free trade agreement with 48 countries.


High returns  


Turkey's real estate market offers high returns on investment. As real estate prices are rising, investors can double their capital.


There are many ways to earn money from your real estate in Turkey, such as rental income from the subsequent sale of apartments. 

 

Portfolio diversification  


Investors can confidently reduce the risk of loss due to market volatility by diversifying their portfolios across different asset classes and locations.


In addition, investing in real estate in Turkey provides access to a market with opportunities for growth and profitability. 


Residence permit for real estate owners


Turkey entitles investors who buy real estate in Turkey worth $200,000 or more to a residence permit.


The residence permit covers all family members, and children can receive education. 


Passive income potential  


In addition to the country's natural and cultural beauty, affordable real estate is another reason why most investors choose Turkey.


The country's thriving tourism industry and growing demand for housing create a steady source of income for property owners.


For example, foreign investors can earn passive income by renting out their apartments. 


Citizenship through investment 


One of the most attractive ways of acquiring Turkish citizenship has become its registration through investment. 


This way not only provides convenience and speed of the process of obtaining a passport, but also provides a wide range of options for investment. 


Buying real estate remains the most popular choice for 90% of applicants to the Turkish citizenship program.


Turkish citizens enjoy visa-free entry or visa on arrival to many countries, as well as access to quality healthcare and education.


Where to invest in Turkey?


Low housing prices and lucrative investment prospects are also attracting the attention of investors in 2024. More than 40% of foreign direct investment coming into Turkey is in real estate, making it one of the most promising markets in Europe. 


However, it is important to choose proven developers to minimize risks. Most investors prefer to buy business class apartments in Turkey


Favorable offers of apartments in the heart of Antalya:


HASAN BEY RESIDENCE:

- Business class apartments with an area from 53 m².

- Modern design: 1 bedroom, living room with kitchen, bathroom with toilet.

- Duplex 3+1 from 130 m².

- Investment from €145 000.

- Located in proximity to the Mediterranean Sea and major attractions

- Estimated return on investment for daily rentals - 9.8% per annum.


HMG GOLD RESIDENCE:

- Comfort class apartments in the historical center of Antalya.

- The layout is 2+1 with balconies, 20 apartments in total.

- The area of 72 m², price from €175 000.

- Unique location: just 3 minutes from the Mediterranean Sea.

- Estimated return on investment for daily rentals - 9.8% per annum.


These projects have been developed by a reliable international developer AntaGroup, guaranteeing high quality construction. By investing in these offers, you not only provide yourself with reliable housing, but also open the door to profitable investments in Turkish real estate. Please note that these prices are valid as of March 2024.  


You can find more offers, current prices and competent advice on purchasing real estate from the developer AntaGroup by clicking here




Daria Rogova - Head of Insurance at Visit World


To move, travel or work safely in a new country, you will need travel insurance. You can apply for an extended policy on our website here.




Products from Visit World for a comfortable trip:


Checklist for obtaining a visa and necessary documents in Turkey;

Legal advice on immigration in Turkey;

Insurance for residence permit in Turkey.




More articles on the topic: 

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Tourist real estate: prospects and opportunities for investors.

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