The incentives by Turkish government for attracting foreign investors to real estate market play an important role for foreigners to buy real estate in Turkey.
Official data also confirms that the number of foreign real estate investors in Turkey increases every year.
Some of the factors that support foreign investors to buy housing units are as follows;
● Turkish citizenship is granted if you buy a real estate worth to USD 250.000.
● Pursuant to the Convention on the Prevention of Double Taxation signed by Turkey with approximately 80 countries; the income or commercial benefits gained in Turkey are deducted from the tax that foreigners are required to pay in their own countries.
● Since the validity period of residential permit for foreigners is extended from 3 months to 1 years, now foreigners can stay at their real estate for an extended duration.
● Foreigners who invest in Turkish property market are exempt from value added tax.
● State investments İN education, tourism and health provides living conveniences both for Turkish citizens and also for foreign investors.
According to statistics, Istanbul is a city where foreign investors increase their housing unit purchases every year in addition to hosting many cultural and historical beauties Istanbul is a metropolis with many different features that will attract the attention of foreign real estate investors who are after housing units both for residence and investment purposes.
Since Istanbul hosts the major part of employees in Turkey, this allows it to offer business opportunities for future foreign habitants in Istanbul. With the increase of the population in Istanbul, the need for housing units, especially the rental demands increase as well. 57% of its population is under 40 years old. In addition, the number of working people, university students and recently married population in Istanbul ensure a potential customer base for the real estate investors.
For foreigners who have constant commercial relations in Istanbul, it is more comfortable and economical to stay at home rather than stay in hotels each during their visits.
The privilege of living in Istanbul, which is a unique city with a Bosphorus Strait connecting Asia and Europe continents, attracts the attention of foreign housing unit investors.
Istanbul is one of the rare cities to experience four seasons, which is not commonly offered by other cities in the world.
Due to the presence of large-scale shopping malls and, accordingly, availability of many well-known domestic and international brands, the variety of shopping facilities is another important element that prompts foreigners to live in Istanbul.
Recently constructed Istanbul Airport, Istanbul Finance Center, completed Eurasia Tunnel, Marmaray, Yavuz Sultan Selim Bridge and Kanal Istanbul, which is planned to be constructed and mega projects such as the 3-storey Big Istanbul Project add value to the value of Istanbul each passing day.
MELARES TURKEY PROPERTIES is a professional marketing and sales organization which has managed the project development, marketing and sales processes of residential projects in different regions of Istanbul since 2003.
Thank you for visiting MELARES TURKEY PROPERTIES.
Regarding all kinds of questions related to buying property in Turkey, you can send an email address to firstname.lastname@example.org We would glad to answer your questions you may have.
Fill in the form to get free information about our Services and Portfolios.
Bahçeşehir 2. Kısım Mh.
Mercedes Bulvarı, Cadde
Flora Outlet B3 Blok, No:30 BAD
Başakşehir / İstanbul
Working Hours: 09:00 - 19:00 (Everyday)
For current real estate portfolios, campaigns and information, please subscribe by mail.