Real estate investment in Turkey, particularly in Istanbul and along the coastline, has become a globally significant economic activity, attracting a vast number of investors in recent years.
Buying property in a foreign country to obtain the right to live, work, and study is nothing new. However, Turkey's high standard of services and programs combined with relatively lower real estate prices make it a preferred destination. In this blog, our aim is to explain whether housing investment in Turkey makes sense and answer all your questions.
What Kind of Investments can be Made in Turkey?
Turkey's strategic location, local market breadth, favorable investment climate, ease of access to neighboring countries and investment location increase its value.
In fact, there are different investment areas in Turkey such as real estate, tourism, industry, agriculture, food, general, pharmaceuticals, finance and others.However, the most popular recent investment options are buying real estate, depositing money in Turkish banks, or establishing companies.
The Turkish government attaches great importance to encouraging foreign investors to enter the Turkish market easily and conveniently. While foreign investors and Turkish investors are treated similarly in real estate investment, there are certain restrictions, conditions, and investment laws to consider.
Investing in Real Estate in Turkey
Turkey is one of the best countries in the world to invest in the real estate sector. When buying property, the investor has the right to choose the type of object. This can be either residential or commercial or industrial real estate. Also, the choice of the region where the real estate is located, its age and the number of objects are not limited. The main thing is to invest the minimum amount.
This type of investment involves establishing a commercial company to engage in economic activity or launch an investment project in Turkey.
Depositing in Turkish Banks
A cash deposit of USD 500,000 in a Turkish bank is another investment option. You can also deposit the same value in Turkish Lira or Euro in any Turkish bank. The minimum deposit period is 3 years.
Since the conditions for investing in real estate are critical, Mornvest consultants provide you with all the legal conditions in the most accurate way. If you require expert support for investing in Turkey, we will guide you through the process and advise you on the documents required in your specific case.
Where to Get Support for Investment in Turkey
Any investment process worldwide comes with risks, and in this context, the risks of investing in Turkey are no different from those in other countries.
If you are interested in a successful investment, regardless of the desired investment, it is important to question the reliability and transparency of the advisory company you will proceed with.
With our in-depth knowledge of the market, extensive network and customized investment solutions, Mornvest is your most reliable partner on the investment path. Trust Mornvest to guide you to profitable opportunities and ensure you maximize your returns in the dynamic Turkish real estate market.
Is it Possible to Become a Turkish Citizen through Investment?
The Turkey Citizenship by Investment program, which launched in 2017, is one of the fastest and easiest ways to acquire a second passport. The application procedure is simple, and you can have a Turkish passport in just six months.
By investing in real estate in Turkey, you can reap financial benefits while also gaining your flexibility to travel around the world as a citizen of this lovely country. Get in touch with our experts and get informed about the privileges offered to you to benefit from Turkish citizenship by investment process.
How to Buy an Affordable Apartment in Istanbul
Istanbul is a fascinating city with a mix of old and new. Property ownership in Istanbul offers the opportunity to enjoy the unique view of the Bosphorus, natural beauty, and metropolitan life.
You can buy an affordable apartment in Istanbul, a rising global city with a rich historical past and a promising future. Buying a property in Istanbul, a city brimming with immense investment potential, is a process that requires careful planning and consideration. To maximize your opportunities and find a property that matches your budget and investment goals, you can explore the offers on the properties page of Mornvest.