Is this the right time to invest in Turkey? – What are the best cities for real estate investment in Turkey?
The right time to invest in Turkey.. Turkey is one of the favorite countries for foreign real estate investors. Many investors wonder if this is the right time to invest in Turkey. In this article from Ebla Real Estate, we will talk about the importance of real estate investment in Turkey and how to know the right time to invest in Turkey.
An introduction about the right time to invest in Turkey:
Turkey is an attractive country for a big number of foreigners. This leads to high demand for property rent and purchase. Thus, that creates a fertile ground for investments. In addition, real estate in Turkey during the current circumstances is the best investment; If the investor takes into account the following aspects and points.
Is this the right time to invest in Turkey?
The right time to invest in Turkey. Turkey is a perfect country for investment due to a young, dynamic and skilled workforce in a country of almost 80 Million people. Moreover, the Governmental Incentives, Tax Exemptions and Free land allocations are making Turkey even more appealing to Investors. If you’re thinking about investing in property in Turkey, you need to know the right time to invest in Turkey to start your successful investment project. However, you should take into consideration some points.
How to make a successful investment in Turkey during the current circumstances?
Taking advantage of the inflation factor and the decline of the Turkish lira:
Inflation affects the real estate price index in Turkey for foreign and domestic investors who depend on the Turkish currency and the Turkish domestic market. However, to take advantage of the inflation, investors should take into account the following considerations:
The value of real estate has increased by more than 40% to 100% since 2021.
Moreover, real estate investment is the best investment, which preserves the value of your money.
Furthermore, investors can take advantage of the exchange rate, if they deal in foreign currencies such as dollars and euros.
Prices of real estate are constantly increasing unlike gold and currencies.
Despite the inflation in Turkey, its economy is still one of the strongest economies in the world.
Choosing the right destination in Turkey to start your real estate investment:
While investors think about real estate investment, the first question that pops up in mind starts with “Where?” because the importance of the location and the city plays a big role in determining the value of the property.
Among the best real estate investment areas in Turkey are:
Istanbul: It has a great investment importance in all fields, especially in the field of real estate. Moreover, Istanbul is quickly evolving and many of its neighborhoods are undergoing renovation right now. Experienced investors use this opportunity to buy premises that will soon grow in price.
Bursa: Real estate investments are flourishing in Bursa on a large scale. It attracts Arab and eastern investors in particular as it is a tourist and industrial city. It is worth noting that investors in Bursa have achieved high returns that exceeded expectations during the past years.
Antalya: It is a great place for buying property in Turkey for foreigners. As it is a tourist city, located on the coast of the Mediterranean Sea. In addition, it is a favorite destination for Europeans and Russians.
Ankara: it has a great importance and high investment value as it is the capital of Turkey. Additionally, Ankara ranks second after Istanbul in terms of the boom in the real estate market.
Choose an approved real estate company in Turkey and take advantage of the offers:
Choosing an approved real estate company in Turkey is the essential point to start your investment project. Thus, investors should contact an accredited real estate company in Turkey that has offices with real estate consultants who have experience, professionalism and flexibility, in addition to legal and administrative skills.
Moreover, the real estate company should have various options of real estates that meet all needs of the customers. Furthermore, it should have many offers and discounts to offer.
Additionally, A real estate company should be familiar with the area, local market, and purchasing procedures to run things smoothly.
Thus, you need an approved real estate company to achieve a successful investment.
Why should you invest in Turkey?
- The Turkish government supports foreign investors and provides them with facilities.
- Moreover, Turkey has a strategic location in Western Asia, it links the Asian continent with the European continent.
- Furthermore, Turkey is one of the most important ten countries in terms of tourist attractions in the world.
- Additionally, it is a significant hub for drawing local and global investors in a variety of sectors.
- Thus, investments in Turkey lead to great financial returns and profitability.
Thus, we talked about the right time to invest in Turkey.
Edited by: Ebla Group Real Estate
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