If you have landed on this page, you must be interested to know the reasons why foreign investors choose Turkey!
Surrounded by seas on three sides, Turkey consists of two peninsulas separated by the Bosphorus and the Dardanelles Strait. It is a transcontinental country with lands in both Asia and Europe.
Turkey’s most populated city, Istanbul is a bridge between Asia and Europe. With its exclusive geopolitical location, it is a centre of trade, tourism, finance, health, technology, culture and art. It hosts international events, attracts visitors and foreign investors all year round. Foreign property buyers and investors from all over the world can buy real estate in Turkey.
With a strong economy, government incentives, sectoral opportunities and a cost-effective workforce, Turkey is a country of exciting possibilities for investors. It is one of the most investor-friendly states in Europe, ranked 11th among 36 countries in the OECD 2020 Tax Report “International Tax Competition Index”.
Why Do Foreign Investors Choose Turkey:
- UNIQUE LOCATION & EASY TRANSPORTATION – Turkey’s unique location makes it a centre of tourism and trade. With modern & easy travel options, flights to any country are only a few hours away.
- FAST & EASY BUYING PROCESS – Turkey offers a fast & easy buying process for foreign investors. Buying real estate in Turkey follows a practical, well-stated process that can be completed in less than a week.
- HIGH INVESTMENT POTENTIAL – Turkey is a global investment centre. A real estate sector that continues to grow and provide access to a qualified workforce for a low-cost. Profitable in the short term.
- EASY PAYMENT OPTIONS – Payment plans of up to 120 months are available. In addition to many other payment options on uncompleted projects.
- STRONG HEALTHCARE SYSTEM – In Turkey, there are more budget-friendly healthcare options than there are in most European countries. It offers access to state of the art hospitals with world-class competency, technology and speed. Offering comprehensive health insurance packages.
- STRONG ECONOMY – Turkey is the 19th largest economy in the world. It’s very self-sufficient and manufactures & produces many products for itself in addition to being the main provider for others.
- SUPPORT FOR FOREIGN INVESTORS – Exceptional support and incentive options are available for investors. VAT exemption for foreign buyers. (Provided that the property you buy is not sold for at least one year)
- LOW EXPENSES – Low annual property tax; VAT deduction incentives up to 18%, low water, electricity, and related utility expenses.
- AFFORDABLE PRICES – Turkey offers diverse Real Estate options suitable for every budget.
- CITIZENSHIP – The ability to acquire citizenship by Real estate investment options, either by acquiring a property worth at least $250,000 or by purchasing a $500,000 real estate investment fund or depositing $500,000 into a Turkish bank account or by employing at least 50 Turkish citizens.
Countries with the highest number of purchases in Turkey
Iraq, Iran, Russia, Saudi Arabia, Afghanistan, Kuwait, Germany, Jordan, Yemen, England, Azerbaijan, Palestine, Libya, Egypt, Kazakhstan, Sweden, Qatar, Ukraine, USA and Lebanon.
Final Thoughts
This concludes our top main reasons of why foreign investors choose Turkey. If you know of any more reasons please let us know in the comments section below.
All in all, to summarize the above, we can say Turkey’s unique geographical location on two continents connect to everywhere around the world with modern transportation capabilities. And as a well-connected home to different cultures and civilisations through time, their rich and deep history has evolved it into a treasure of its own with natural beauties and heritage. The affordability, variety, quality and ease has attracted many people from all over the world to choose Turkey to start a new life, work, retire or invest for these reasons and much more.
Source: Istanbul Chamber Of Commerce
