Owning a house is a dream for all. Turkey provides a number of reasons to consider buying homes in Turkey isn’t difficult. Turkey is always a nation that draws the attention of investors from around the world due to its rich cultural and natural resources and a well-developed transportation system and geopolitical positioning, a developed transportation system and trade, tourism entertainment, and transportation. Turkey has a robust stable, stable and expanding economy, has always presented new opportunities for investors and are still working on growing the value of investment and maintaining their value.
Let’s look at the benefits that foreigners can enjoy who purchased homes in Turkey
1. Obtaining Turkish citizenship
Foreigners who own real property that is immovable in Turkey can apply for residence in Turkey. Foreigners who have purchased at least 250,000 dollars worth of property, are eligible to become Turkish citizens. The foreigner as well as his/her family members will be granted the privilege to Turkish citizenship within six months. The purchase of a home in Turkey gives you the chance of making a profit from investment as well as gaining the right to apply for Turkish citizenship.
2. Residence permit
The residence permit can be obtained readily to foreigners who have purchased a property in Turkey. You can obtain a 3 year residence permits for yourself and your family members by purchasing the property for 650 million Turkish Liras. This residence permit is issued to every family member (wife/husband and children below that age). Foreigners who have settled in Turkey who have the residence permit have the right to join educational institutions in Turkey.
You can apply for a three-year residence permit for you and your family members by buying the property for 650 million Turkish Liras.
3. Cheapest real estate in Europe
The real estate industry and construction sector in Turkey has grown extremely well in recent years. It providing its clients with extravagant and modern options for property. While the majority of new homes are equipped with smart technology for homes, the majority of them are equipped with lavish social amenities like a spa, pool, and fitness center.
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4. High-quality return on investment
Turkey has solid financial institutions, and finding the perfect financing solution that will allow you to purchase the perfect property is simple to find and quick to conclude. Real Estate Investment is the most secure and risk-free investment you can make in residential real estate as well as commercial property.
5. Cost of life low
Living costs within Turkey is also less expensive that EU states or US. Turkey is an agriculture-based nation. You can get fresh vegetables and fruits in Turkey during all four seasons. Because of this, the cost of food is very affordable for our citizens. Foreigners from other countries have a pleasant life in our country thanks to an exchange rate.
6. The geographical location and the time
Turkey is vast! It covers 780 000 square kilometers, Ankara is the capital, Istanbul is the largest city. Turkey is a nation with four seas: the Black Sea the Marmara Sea and the Aegean Sea, the Aegean Sea, and the Mediterranean. All of these elements contributed to making Turkey an appealing and intriguing country from a travel standpoint not just because of its geography, but in addition due to the biodiversity and flora and fauna, the vast sandy beaches, idyllic climate, and the depth of its past. In the initial 2 months of 2018, Turkey was home to 3.2 million visitors. Tourism revenues generated in Turkey last year were around $30 billion in 2018.
In the initial two months of 2018, Turkey welcomed 3.2 million visitors. The revenue generated by tourism in Turkey in 2018 amounted to around $30 billion in 2018.
7. Full Ownership
Freehold ownership is an additional advantage, which is applicable to all properties. When you buy a house you’re not purchasing shares in the property. You can transfer the lease over to it, or rent it out to the government. If you purchase property or a home, as the owner, you own the entire property. This gives property owners more flexibility, and they are able to make whatever they want of their property , whether they are selling it or upgrading it.