Turkey has proven several years ago that its real estate market is distinguished and differs from what it is in the countries of the world, and this was shown by one of the official reports of the British agency Knight Frank, which stated: Real estate investment in Turkey ranks first worldwide.
What is the average return on investment then? And what are the characteristics that led to that? In today’s article by Rumeli Real Estate, will talk to you about this classification and its details, with the advantages and data that led to real estate investment in Turkey reaching the first rank globally.
Real estate investment in Turkey is among the first worldwide
The year 2021 in Turkey was the year of earning profitable investment returns from residential apartments, and this was confirmed by Knight Frank in its annual report, which includes the following details:
First: The average annual return for residential apartments 2021
We mean by this the increase in the value of the apartments from the beginning of the year 2021 until its end, and this is based on the data and criteria that affect the increase or decrease of this value, or even real estate prices in Turkey in general Turkey and other international countries.
On the other hand, the average rate of increase in the investment value of Turkey’s apartments was 59.6%, which is far ahead of other countries with major global real estate markets.
Second: Turkey ranked first globally, followed by New Zealand
Turkey ranked first globally with the increase in the value of real estate investment in residential apartments, followed in order by New Zealand, the Czech Republic, Slovakia, then the Netherlands, and the difference in the increase in value between Turkey and its closest competitor is double or more.
Let’s talk about major important attractive factors for real estate investment in Turkey.
Major important advantages of real estate investment in Turkey that made it in the top ranks
Real estate investment in Turkey has a special flavor that distinguishes it from other real estate investments in all countries of the world; It has a material, moral and even spiritual value.
Therefore, real estate investment in Turkey has been classified as the strongest investment in the world, during the past five years, and its most important advantages are:
Turkey’s economy position among the countries of the world
Over the past ten years, Turkey has proven to the whole world that it is one of the strongest economies in the world, despite its decline in two ranks after the Corona pandemic.
In 2018, Turkey ranked sixteenth among the twenty most powerful economies in the world, and today it is ranked nineteenth.
Turkey’s geographical location and temperate climate
It is known that Turkey connects the two continents of Europe and Asia, through the city of Istanbul through the Bosphorus Strait.
This great country is in a strategic geographic location, which is a transit station for most flights heading to Asia and coming from Europe and vice versa.
Real estate investment in Turkey
The mega projects of the Turkish government, especially in Istanbul
During the past few years, the Turkish government established very large projects that the world talked about, such as:
- Istanbul New Airport
- Cam and Sakura Medical City
- Botanical Garden
- Avrasia Undersea Tunnel
- Çanakkale Bridge
- Sultan Yavuz Selim Bridge
- Marmaray Metro
Distinguished construction companies in the Turkish real estate market
Turkish construction companies have become famous in many countries, some of which have established several huge projects outside the borders of Turkey, and most construction companies rely on elegant modern designs, while also adding historical touches.
Incentives offered by the Turkish government, the most important of which are Turkish citizenship
The Turkish government offers many incentives to encourage real estate investment in Turkey, the most important of which is obtaining Turkish citizenship in return for buying a property worth $400,000.
Competitive prices for real estate compared to international markets
Real estate prices in Turkey are cheap and reasonable compared to European markets, at a rate of no less than 25%, in addition to the fact that the data in Turkey may also increase.
The kind of factors in Istanbul, for example, do not exist in European countries, and if they exist, their prices would be very high.
The environment and culture are similar to the regional countries by virtue of the common history
One of the important points that the regional investor needs is the environment that is close to his native environment, and this is what Turkey is most unique about, and is considered rare in other countries of the world.
In addition to the conservative environment in Turkey in general; because of the spread of the oriental culture in it, and that is evident through the Islamic manifestations, and the ancient historical mosques in it.
If you are really interested in investing in real estate in Turkey or want to buy real estate in Turkey and obtain Turkish citizenship, be confident that Rumeli Real Estate is your best choice.
We will help you to get the best opportunities, real estate offers and distinguished services, contact us to meet a team that is eager to serve you.
Edited by: Rumeli Real Estate©
Source: Knight Frank, Presidential Investment Office
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