The real estate market in Turkey witnessed a huge boom during the previous years, starting from 2012 to the current year 2023, to compete with many global markets with incomparable prices, unique advantages, and benefits, which in turn encouraged Arabs and foreigners to buy a property in Turkey, whether for stability, investment, or obtaining Turkish citizenship, bringing the number of units sold (to foreign citizens) to 67,490 units in 2022, with an increase of 15.2% over 2021.
Turkey has many advantages and factors that contributed to encouraging the purchase of property in Turkey. Such as the geographical location, infrastructure, low cost of living, investment returns, offering business-friendly policies, and many other features, the most important of which we will explain in this article. So if you are looking for reasons to buy a property in Turkey, but you are looking for more valid reasons and information about the country and its features, continue reading the article to get the maximum benefit.
1. The special location of Turkey
Turkey is located in a strategic location within the Anatolian Peninsula surrounded by 3 seas: the Black Sea, the Mediterranean Sea, and the Aegean Sea.
Turkey’s location represents a link and a meeting point for 3 continents: Europe, Asia, and Africa; Which contributed to the formation of Turkish culture and civilization of a unique character open to the rest of the world.
It also represents a bridge for the transfer and export of energy materials across the Bosphorus Strait from the producing countries in the Middle East to the consuming countries in Europe, in addition to exporting other materials and products through short and safe ways which leads to playing an important role in global trade.
So Turkey’s privileged location has made it one of the most important reasons for buying a property in Turkey and encouraged investors to come to it.
2. The healthcare system in turkey
Turkey is at the forefront of the major countries that foreigners come to for treatment, as health care in Turkey has proven its efficiency in recent years, and it is world-famous for medical and hospital tourism, Such as hair and dental implants, plastic surgery, obesity treatment, and physical therapy.
Through public or private hospitals and clinics, Turkey offers a unique medical care system that is characterized by: the latest therapeutic technologies, high quality, skilled and experienced medical personnel, and competitive prices that are lower than European countries, suitable for both the local and international population.
3. The study in Turkey
One of the reasons for buying a property in Turkey is the quality of education, in order to guarantee your children and yourself an internationally recognized advanced education.
The number of international students exceeded 250,000 students during the year 2022, and the number of students continues to increase year after year.
This increase is due to the tendency of Arab and foreign students to study in Turkey; Because of the availability of various educational systems and curricula through more than 70 international schools and 207 accredited universities and academic institutions, and the provision of educational services in multiple languages, at low prices compared to the level of outstanding education it provides and compared to European countries.
In addition to the above, educational institutions are characterized by recreational facilities, students from multiple nationalities, and discounts for students on means of transportation, food, insurance, and many other services.
4. Means of transportation in Turkey
Turkey is characterized by an integrated and diverse transportation network that allows you to reach anywhere in Turkey quickly, and at a low cost, by paying by Istanbul Card or cash.
Transportation is one of the factors that matter to any foreigner who wants to buy a property in Turkey, as it is a vast country, so it is necessary to make sure that it is easy to move within it to any place, whether for work, study, or even entertainment.
Means of transportation in Turkey:
- “Metrobus”: one of the most important means of transportation in Turkey. It is not affected by traffic congestion, has only two lines back and forth, and reaches most areas of Istanbul.
- “Metro”: a train for underground transportation, distinguished by its punctuality and speed and reaches the main neighborhoods, and work is being done to increase the lines every year to cover all neighborhoods.
- “Tram Vay”: an electric train that operates on railways that intersect with the places where citizens walk. It has 4 lines, the most important characteristic of which is reaching the most important tourist and historical areas.
- “Public Buses”: Public buses reach all main, historical, and internal areas. Each bus has its number and the areas it passes through.
- “Water ferries”: The most popular means of transport linking European and Asian Istanbul. Ferries are found in a few areas and are a means of transportation and entertainment at the same time.
- “Dolmus”: It is smaller than buses and usually passes within specific routes, and payment is in cash in a specific amount according to point of arrival.
- “Taxi”: It is available in all regions, and you can access it through many popular applications.
5. The low cost of living in Turkey
One of the reasons to buy a property in Turkey or in any other country is the cost of living there.
The cost of living in Turkey varies based on the individual’s lifestyle and the state in which he resides, but in general, the costs of any citizen in Turkey are commensurate with his income. Overall, the cost of living in Turkey is lower than the rest of European countries, as it is 59.1% lower than in the United States.
As for the necessities of life, such as the cost of housing, rent, bills, transportation, and food, they are very inexpensive and commensurate with the minimum wage that any employee in Turkey receives, which is 8,500 Turkish liras, and taxes are almost non-existent, and most of the cultural, tourist and historical places have a symbolic entry cost.
6. Good value per square meter in Turkey
According to the “Endeksa” index, the average price per square meter of residential units is 13,000 Turkish liras, and the price per square meter rises or falls at a monthly rate based on many factors, such as the state, the location of the property, its area, the view, whether it is ready for delivery or under construction, and other factors.
If you want to buy a property in Turkey for investment, this is an irreplaceable opportunity due to the increase in the value of the square meter day after day, and the increasing demand for real estate in Turkey.
But suppose you are thinking of buying a property in Turkey for housing, stability, and securing the future of your family.
In that case, this means buying in an advanced European country with Arab character and customs, and you can also obtain Turkish citizenship by buying a property in Turkey worth $400,000 or more.
For example, if you decide to move with your wife to Turkey, you may need an average of $1,000 to cover all your costs and live at a good standard.
And if you do not prefer to rent an apartment, you can buy your own property in Turkey, at prices starting from $80,000, and with the specifications you prefer, whether for housing, investment in it, or obtaining Turkish citizenship Which is one of the most important reasons for buying a property in Turkey at all.
7. Turkish citizenship by buying a property in Turkey
Turkey not only provides the possibility of buying a property in its territory but also the possibility of obtaining Turkish citizenship and a Turkish passport and benefiting from their advantages; Such as traveling to more than 112 countries, enjoying free education and health services, the possibility of dual nationality, ease of applying for an investor visa and many other advantages, all by buying a property or several properties in Turkey at a value of $400,000 and not selling them within 3 years.
You can fulfill your goal of owning your dream home with very beautiful details, a unique view, and indoor entertainment services.
And you can own another property for investment and obtain high investment returns (ROI) by renting it or selling it after years after its value has increased.
For more information, you can read about how to obtain Turkish citizenship.
8. The easy Purchase Process in Turkey
One of the most important features of the process of buying a property in Turkey is that it is simple and its procedures do not require time, and all of this is completed in several days through one of our real estate agents at VAAL Real Estate:
2nd: You are presented with many offers and real estate projects that are suitable for you, according to your budget and the specifications that you are looking for. After that, you visit the property to inspect it, and make sure that it conforms to the specifications and the integrity of its legal status.
3rd: Issuing the real estate appraisal document; Which is issued by the Financial Markets Corporation including the real value of the property in the market.
In addition to obtaining a tax number, and opening a bank account in order to transfer money through it.
Fourth: Prepare the necessary documents, sign the purchase contract, then obtain the title deed (Tapu).
Turkey has many advantages and factors that contributed to its real estate boom, including its strategic location, healthcare system, education system, transportation system, and low cost of living.
Day after day, Turkey tops the list of the best countries to buy property and invest in.
So if you are thinking of buying a property in Turkey, do not hesitate to contact us to get your home in one of the most beautiful and developed countries in the world.