3 Main Motives Behind Property Ownership in Turkey
Updated: Aug 2, 2022
Turkey’s real estate market has been witnessing tremendous appeal from foreign investors in the past decade ever since the Turkish Parliament has allowed property ownership in 2013. The decision and its accommodated advantages stemming in 2019 have motivated foreign investors to own and invest in the aesthetically charming country, doubling their gains by earning financial profit and touring the magnificent country.
3 Main Motives Behind Property Ownership in Turkey
1- Residency
Being a main tourist destination for many, Turkey’s climate, beautiful nature, urban development, and captivating charm allure a large category of tourists who regularly visit Turkey to own holiday homes for their seasonal getaways instead of renting accommodations or staying in hotels. The high-quality residential units available in the most outstanding parts of Turkey serve as a perfect option for holiday homes for families intending on spending their vacations in a beautiful, economic, and developed atmosphere. Not to mention the extremely simplified process of acquiring residential permits in Turkey.
2- Real Estate Investment
Turkey’s economy, industry, population, manufacturing, and geographical location manifest great investment opportunities for commercial and residential objectives. Whether by investing in resale or rent, real estate investment in Turkey is considered one of the most profitable types of investments in the Republic, generating a profit rate starting at 35% through resale. Long-term investments in Turkey, especially those of under-construction properties tend to bring satisfactory outcomes. Renting furnished holiday accommodations is also a favorable option for sustainable income.
3- Turkish Citizenship
Turkey launched the Turkish Citizenship by Investment program in 2017 which broadly states that owning property worth $250,000 for 3 years grants the foreign investor a right to Turkish citizenship. For foreigners, this relatively affordable deal is much more tempting than other countries’ "citizenships for investments" programs. Investors can own a high-quality residence at a much lower price and benefit from the citizenship, especially foreigners of politically unstable nations wanting to acquire strong citizenship. The Turkish citizenship by investment program has received incredible appeal with a total of 17,968 investors ever since it was launched in 2017.
TDA Turkey Dreams Apartment | KAMIRAN
TDA specializes in Turkey’s real estate market.
Our motto: “A safe investment for life” is a reflection of our determination for providing the best services within Istanbul’s real estate markets.
The following lines will give you an abstract of our principles, our journey, and why TDA stands out in this domain.
TDA’s YouTube Channel:
TDA started in 2013, our channel was the first of its kind specializing in Turkey’s Real Estate Market. With passion and insistence, our humble beginnings, and equipment developed over the years, we now have a 4K technology for our videos allowing us to display our vision as vividly as possible for our subscribers of 103k.
TDA’s Creativity:
TDA broke Real Estate Market’s boundaries, instead of keeping the project’s information discrete, we provide all data of the real estate project, inspect all details, advantages, and disadvantages to be as transparent as possible with our clients.
Based on our long experience and vast knowledge; we set 5 main standards to evaluate each project, and not one project has yet to meet them by 100%.
TDA’s Aerial View:
Our drones fly all over Istanbul’s sky to capture the best, most inclusive scope of the property’s project and surroundings in 4K technology.
Our Principles:
Creativity
Providing Quality Services
Exposing Property Scams
Build a diverse family of various backgrounds and goals within our employees and clients.
Contact Us:
On our Email: info@tdapartment.com
Our number: 00905367779629
Or we are honoured to welcome you in our office at
gökevler mah. 2312 sok No: 16 ginza corner iş merkezi c-blok dük 65, 34520 Esenyurt