The advantages of Istanbul: Real estate investments in Istanbul offer a number of advantages.
This information will help you understand the advantages of Istanbul.
You don’t have to worry about the procedures surrounding the purchase of real estate and the transfer of ownership since you can get the title deed within a few days. In Turkey, the title deed of a property, also known as the Tapu, is the official document that proves ownership. This document provides information about the property, such as the owner’s name, the type of property, the location, and other information. Title deeds are signed and stamped by the title deed administration, which is part of the Ministry of Environment and Cities in Turkey.
Compared to other European countries, Turkey offers a low cost of living. When moving to a new country, people think about how much it’ll cost to live. As a matter of fact, we are discussing all aspects of life in Turkey, including education, health, transportation, food, clothing, housing, rent, employment, and average salaries.
For public schools and universities, their fees are symbolic and straightforward, and they are also free of charge. Depending on the specialty, private schools range in price from $5000 to $20.000.
Depending on your insurance coverage, you can choose to go to a government hospital or a private hospital.
Istanbul has a great transportation system that covers the whole city and connects the European and Asian sides. Public buses, metros, tramways, sea ferries, and metro buses are the main forms of transportation. In public transportation, students are entitled to a half-off discount on the fare.
Investing in real estate in Turkey is advantageous due to the high demand for apartments in residential communities. Various apartment sizes, views, and service levels are available in these projects. You can find real estate projects all over Istanbul with developed infrastructure for annual and tourist rental income.
Turkish real estate is safe to invest in. One of the 20 biggest economies in the world, Turkey has a stable and steady growth rate. Turkey’s real estate prices are also rising fast, so people who bought it a few years ago can now sell it for a lot more money.
In Turkey, there are always new residential and investment projects going up, including luxury projects associated with high-end hotels with high-end services.
There are a number of facilities available to foreign investors in Turkey, as well as a positive attitude toward foreign investors. Throughout the year, the Turkish government works hard to make purchasing properties in Turkey easier and create a favorable environment for foreign investors. By buying a property worth $400.000 and keeping it for three years, investors can become Turkish citizens and obtain Turkish passports. This is a simple and quick process that does not take more than 60 days to complete.
A number of tax exemptions and reductions are available for foreign investments, which serves as an additional incentive to invest in Turkey.
It is possible to invest in under-construction projects, where you can purchase under-construction properties at a low price and then resell them for a profit.
In Istanbul, construction properties are a good investment due to their high potential value in the future. As the cost of Istanbul real estate and apartments has increased by an average of 30 percent from the time construction begins until they are delivered, many investors seeking to invest in Istanbul are purchasing apartments under construction and reselling them later. It is a long-term investment with a high return on investment that is a good investment.
In the event that you resell real estate, you can make money since the value of the property will increase. As a result of rising rental prices, all real estate investments generate more cash flow over time.
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