A property purchase in Istanbul is among the most appealing options for any investor looking to begin investing in Turkish land due to the numerous advantages that the city is famous for.
Why should you buy a house in Istanbul?
What do you think are the most significant factors that can lead investors or foreigners regardless of his nationality to invest in and purchase property within Istanbul and not other provinces or states of Turkey?
What’s been observed has been noted is Istanbul is the place that is which is agreed upon by investors and foreigners across the globe, and not just due to a variety of incentives and reasons.
In the next paragraph, you’ll be able to understand all the factors that encourage foreigners to purchase property in Istanbul.
First: Real Estate Investment:
One of the primary reasons for foreigners to purchase a home to purchase a property in Istanbul is the desire to get into the world of real estate investing to earn huge returns. There is no doubt that Istanbul is the ideal location to begin such a venture. The end result will surely be distinct and provide the owner with a great deal of profits and will be a huge the chance to succeed.
Second: Stability and housing:
Another of the main motives for foreigners to purchase a home in Istanbul is that they discovered in the city the perfect place to live permanently, and where all the essentials of a perfect life are accessible like schools and hospitals, health centers malls, etc.
3. Obtaining citizenship
One of the primary reasons that a foreigner has in mind when deciding to buy property within Istanbul is the desire to acquire Turkish citizenship. According to statistics compiled in the year 2000, more than 40% of the people who bought property in the city were aiming for citizenship.
The advantages of purchasing real property in Istanbul:
If you decide to buy property for sale Istanbul there are a lot of benefits you can enjoy by doing so, and this is precisely what entices investors and foreigners to invest in Istanbul and not any other Turkish cities.
Below, you will be able to view it in its entirety, as you can see it highlighted in depth.
Successful real estate investment:
If you decide to join the real estate sector in Istanbul then you’ve made the right choice to make a profit and enjoy large and plentiful earnings. The evidence is overwhelming that Istanbul is a great place to get into this business and the personal experiences of businessmen, investors, and other investors prove this.
If you purchase a property in Istanbul that is worth $400 thousand US dollar or greater, you’ll be eligible to apply for Turkish citizenship as one of the most powerful and important nations in the world. Additionally, you have to maintain the property for a minimum of three years. During the time you are unable to sell the property. However and you’ll have the option of renting it out to earn enormous and huge profits throughout the year particularly during the peak tourist season which is when the demand for real estate grows significantly, which means you won’t have a property that is empty of tenants.
Second: Numerous and significant facilities:
The Turkish government was quick to provide all facilities and incentives to help foreigners decide to go to Turkey in general , and Istanbul specifically, in contrast to the scenario in European countries that impose numerous obstacles that force the investors rethink their decision to purchase their property.
One of the main advantages provided to Turkey visitors from abroad is the option of getting the real estate residence permit. This is considered to be among the most essential and most desirable kinds of residency in Turkey for any reason, thanks to the simplicity of getting it, on one hand, and the possibility renewal every year in the opposite direction.
What you are not aware of is that this permit permits you to move between Turkish states with ease without needing an entry permit. It it is also available to the entire family, i.e. the wife and children that are not yet at the age of 18.
It is not difficult to see it is one of the primary and primary advantages an investor can see before him (the simpleness of processes required to own real property in Turkey) and also in the process of transfer, as well as other basic details.
Third: The expansion of the transportation system:
It is possible that you think the idea of having a home and living in Istanbul is not a good idea due to the of the massive crowds are a part of it and its high population density. One thing you aren’t aware of is Istanbul is among the largest cities with the most people living around the globe and not just in Turkey.
However, this isn’t considered as a major issue since the transportation system and public transport has been extensively developed, which has means that it is no less important than some of the biggest cities around the globe and particularly European ones.
Transportation lines were linked to all regions and regions were nourished from inside by buses, as well as other forms of transportation. Highways were constructed, which contributed to the easy movement between regions and places easily without the necessity of spending much energy, time and money.
The expansion of the transport network thus linked the various areas of Istanbul with one another, and eventually became one block. the interconnection took place between it’s Asian as well as European sections too.
Fourth: It encompasses international universities:
Have you ever heard that Istanbul is a city? of Istanbul is home to the world’s most prestigious and well-known private and public institutions, that have earned an important and high-ranking around the globe, and not just in the context of Turkey and due to the hard work of those responsible for them they were capable of entering the world competition.
Students are accepted into these universities from all over from around the world, particularly the Arabs since they offer their students certifications that are internationally recognized and, specifically, by European Union countries.
In addition, students studying at these universities does not need a lot of expenses, and they are superior to universities in Europe which can be challenging for students to learn in due to the cost-intensive tuition they require on one hand and on contrary, because of the harsh conditions they impose.
Five: Major tourist attraction:
Istanbul is among the top cities worldwide for tourism because it draws thousands of visitors from all nations to its historical, tourist and natural attractions which are spread across the city.
The tourism industry in Istanbul isn’t restricted to historic and ancient cities, but it is also home to many modern-day attractions like huge and luxurious malls that draw both Turkish and foreign visitors.
Sixth: A large real estate diversification:
You’ve probably been informed about the vast real estate range that’s found in Istanbul and where you have to discover options that are suitable with regards to specifications and costs and also.
One of the top alternatives that are in high demand in this city are the homes of residential complexes that are distinguished by the utmost sophistication, luxury and contemporary styles, and are supplied with numerous important services and leisure facilities that allow you to live a more luxurious way of life from the normal.
Seventh: Moderate real estate prices:
Despite the many advantages the city has however, the prices are to be very low and a good choice when we compare with prices are found comparable European cities, both in terms of the status and importance.
According to a study published by The Times, an American The Times, a newspaper in the United States The Times, prices in Turkey generally are less expensive than prices for real estate in eastern Europe and have a significant proportion of as high as sixty percent. It is also less expensive than properties in the western region of Europe in an imaginary amount of up to 90 percent.
Alongside the right costs Real property in Istanbul is distinguished by excellent quality and international standards Construction companies construct their properties in accordance with international standards for quality.
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