Turkey is a stable and promising oasis for foreign investors. The country's strategic location, developing economy and real estate market give property owners the opportunity to diversify their portfolios and maximize profits. Let us tell you what advantages of living in Turkey are available to foreign investors

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The Turkish real estate market has many benefits for those who are willing to make a forward-thinking move. Turkey's growing economy and the combination of high demand and affordable prices makes the Turkish real estate market unique in its kind and opens up new opportunities for investors from all over the world.

Why foreign investors choose Turkey and what opportunities await them in this country - read further in the article.

The advantages of investing and living in Turkey

Turkey has always attracted foreigners with its tourism, nightlife and low cost of living. 

This country boasts not only a developed economy, but also a rapidly developing real estate market. 

Due to its unique location, which provides access to a wide range of markets - Turkey attracts foreign investors from all over the world. 

Subsequently supported by the government, with incentives and tax breaks for foreign investment, more and more international investors are exploring investment opportunities in Turkey.

Strategic Location  

Turkey's geographical location at the junction of Europe, Asia and Africa gives the country access to a global market of 1.3 billion consumers. 

Turkish Airlines connects 323 destinations in 127 countries.

This strategic location of the country contributes to a huge potential for economic growth by attracting foreign investment.

Developed economy  

The Turkish economy has grown rapidly over the past 10 years. The country's diversified economy offers various opportunities in the manufacturing, energy, agriculture, tourism and real estate sectors.  

International investors are taking advantage of these sectors to contribute investments. 

The Turkish market is most attractive to investors due to its high yields and large selection of luxury and affordable apartments.  

Government support  

Today, Turkey is ranked 33rd in terms of ease of doing business among 190 countries in the World Bank's ranking.  The country has about 33.3 million working age population and the highest labor force growth among European countries.

The government's supportive stance further increases Turkey's attractiveness to international investors. Income earned in Turkey is taxed at a maximum of 35%, which is very favorable for foreign investors. 

Developed real estate sector

The construction and real estate sector in Turkey offers investors luxurious and modern options. 

Most of the new residences are equipped with smart home technologies and also have luxurious swimming pools, spas and gyms. 

High tourism

Turkey is visited by 45 million people annually, and the country itself is the 6th most popular tourist destination, ranking 9th in terms of tourist income.

Most foreigners invest in Turkey to have their own vacation home, as well as to receive a stable income on rental properties. 

Why do investors choose Turkey?

Affordable cost of living 

On average, a family of four can expect a comfortable lifestyle for about $1,800-$2,000 per month without rent. 

The affordable cost of living in Turkey provides savings for investors, thereby contributing to the profitability of their own business.  

Tax incentives for business

The government of Turkey stimulates the development of industry and trade in the country. 

For this purpose, 18 free zones have been established with special tax treatment for companies engaged in trading, storage and packaging of goods, banking, insurance and other authorized activities. 

Companies operating in Turkey's free zones do not pay property and real estate taxes, corporate taxes, and VAT on logistics services supplied to third countries.

Simple visa procedures 

Turkey has an online visa application system. 

Electronic visas make it easy to enter Turkey for tourism, trade or humanitarian purposes.

Developed domestic and foreign markets

Turkey has the 10th highest GDP per capita among countries with more than 50 million people. 

The customs union with the European Union provides direct access to its market, which is 448 million consumers. Turkey has also signed a free trade agreement with 48 countries.

High returns  

Turkey's real estate market offers high returns on investment. As real estate prices are rising, investors can double their capital.

There are many ways to earn money from your real estate in Turkey, such as rental income from the subsequent sale of apartments. 

Portfolio diversification  

Investors can confidently reduce the risk of loss due to market volatility by diversifying their portfolios across different asset classes and locations.

In addition, investing in real estate in Turkey provides access to a market with opportunities for growth and profitability. 

Residence permit for real estate owners

Turkey entitles investors who buy real estate in Turkey worth $200,000 or more to a residence permit.

The residence permit covers all family members, and children can receive education. 

Passive income potential  

In addition to the country's natural and cultural beauty, affordable real estate is another reason why most investors choose Turkey.

The country's thriving tourism industry and growing demand for housing create a steady source of income for property owners.

For example, foreign investors can earn passive income by renting out their apartments. 

Citizenship through investment 

One of the most attractive ways of acquiring Turkish citizenship has become its registration through investment. 

This way not only provides convenience and speed of the process of obtaining a passport, but also provides a wide range of options for investment. 

Buying real estate remains the most popular choice for 90% of applicants to the Turkish citizenship program.

Turkish citizens enjoy visa-free entry or visa on arrival to many countries, as well as access to quality healthcare and education.

Where to invest in Turkey?

Low housing prices and lucrative investment prospects are also attracting the attention of investors in 2024. More than 40% of foreign direct investment coming into Turkey is in real estate, making it one of the most promising markets in Europe.