Real Estate Preferences – Foreign nationals who make a real estate investment of 250 thousand dollars can become Turkish citizens within 60 to 90 days if they meet the necessary conditions. This new citizenship law is particularly popular with Middle Eastern countries. Foreign nationals can acquire all kinds of immovable properties (residence, workplace, land, and field) in our country, provided that legal restrictions are observed. Of course, there is a legal restriction in this regard. For example, companies established abroad, foundations, and associations cannot acquire property in our country if there is no special law regulation.
Foreign investors, who are the buyers of branded housing projects in Istanbul, prefer mainly Istanbul, Antalya, Manisa, Bursa, Yalova, Ankara, and Izmir. There is no requirement for a foreigner to obtain a residence permit to acquire immovable property in Turkey. Turkey’s geographical location, natural, touristic and historical features, and low real estate prices compared to Europe draw attention. Also, reducing the lower limit on citizenship to 250 thousand dollars draws attention. Changes in exchange rates attract foreign investors to Istanbul.
Real Estate Investment in Turkey
At this point, the most important place for investors is Istanbul. Esenyurt, Beylikdüzü, Başakşehir, Küçükçekmece, Büyükçekmece, Silivri districts, and urban transformation areas are in the first place in real estate demands in Istanbul for both investment and citizenship acquisition. During the 1st quarter of 2020, a total residential sale in Turkey is Iran’s first custom made to foreigners in general. Iran is followed by Iraq, Russian Federation, Afghanistan, Palestine, Yemen, Azerbaijan, Germany, Libya, and China.
European elderly and retirees also prefer Antalya and hot regions to live especially in winter. Especially its success in the COVID process, free health services, and the power it has gained in health tourism shouldn’t be forgotten. Providing virtual and augmented reality technologies, automation, CRM services, increase the confidence of investors heard that digital targeted advertising services to Turkey. Of course, it should be progressed with reliable and professional real estate consultancy
Real Estate Preferences – Realista Turkey is by your side with real estate & citizenship solutions and legal consultancy services! You can reach us through our contact page and e-mail address for any questions you have in mind.