The advantages of buying a real estate in Turkey
The real estate sector in Turkey has gained unprecedented attention in recent years. The number of properties sold to foreigners increased in late 2017 and in the first month of 2018 compared with the same period last year. This interest in the Turkish real estate market is due to the fact that Turkey or Istanbul as a global capital Of major development projects such as the new Istanbul Canal project and the surrounding industrial islands, Istanbul’s third airport, which will be one of the largest airports in the world and other projects which will make Istanbul the best place to live.
The Turkish real estate sector has become very stimulating for those interested in buying outside their country. If you are one of them, here are the most important features of buying a property in Turkey in 2018:
Very competitive prices
One of the advantages of purchasing a property in Turkey in the last year is the increase in supply in the Turkish market, where the number of projects that have been recently built has increased, so competitors are offering their properties at very reasonable prices.
You may be able to save a significant amount when you buy a property in Istanbul this year. Construction companies presenting the best options with low prices.
Government support for some housing projects
Many construction companies in Istanbul have launched residential and commercial projects in partnership with the municipalities of Istanbul. The principle of partnership with the government has begun to spread in the real estate sector, due to the increasing demand for property secured by the Turkish government.
The municipality secured the browsers of many projects and the purchase with the guarantee of receipt of the property at the specified time of delivery in the contract. It ensures the return of investment in the case of agreement. You can contact the sales department of property Real Estate to show you the projects supported by the Turkish government in Istanbul and other Turkish cities.
Istanbul’s main infrastructure and the rest of the city are the most important features of buying a property in Turkey. Istanbul Airport, the new Istanbul Canal, and the new bridge are the most important projects that support the infrastructure of the city.
The proximity of these facilities is an investment advantage for real estate owners in Turkey. The value of the properties in these facilities increased after the start of work on them in a formidable manner. The demand for properties near these areas is still high due to the high investment returns.
Turkish Turquoise Card
The Turquoise Card System designed to attract highly skilled foreigners and investors with the right to work and live in Turkey indefinitely. Many experts launched in the Official paper in March 2017 ”this system similar to the Green Card System in America”.
This system is one of the most important features of buying a property in Turkey for housing. The Turkish government will grant the cardholders of Turquoise card the same rights of Turkish citizens.
Mortgage loans in Turkey
Last year, Many banks in Turkey facilitated the process of obtaining a mortgage loan in Turkey for foreigners with international partnerships with banks from countries of origin to investors. This includes Guaranty Bank, Kuwait Turk, and Deniz Bank.
You can now finance your property through a mortgage from a Turkish banking institution if you meet the conditions set by these banks.