What real estate can you buy with $400.000?
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What real estate can you buy with $400.000?

Created: 2022-05-23 Modified: 2024-06-03 Views: 8346 Luxury Signature Admin
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According to the latest amendment issued by the Turkish government in 2022 regarding the Turkish citizenship law by purchasing a property, the minimum value of the property that grants the owner the right to obtain Turkish citizenship has been raised from $250.000 to $400.000 with the condition that the property be kept and not sold for at least 3 years.

This law represents a golden opportunity for investors. As the saying goes, “hitting two birds with a stone” or achieving two advantages at the same time, the investor will benefit from the investment returns and profits from operating this property, in addition to enjoying all the advantages of a Turkish citizen and holding a Turkish passport.

 

The question is:

Is $400.000 a big amount to buy an investment property in Turkey?

When you apply to buy a property in Turkey and receive various offers from the real estate consultant, you will notice that real estate prices have jumped a big leap and have risen significantly recently, especially if you are constantly on the lookout for the Turkish real estate market, this rise in prices comes as a result of several factors, the most important of which are:

- Excessive demand for Turkish real estate.

- The high turnout by investors to obtain Turkish citizenship.

- High quality in construction and materials used in the apartments.

- Luxurious finishes that live up to the level of investors and meet their expectations.

- An increase in the prices of building materials because of the fluctuation in the price of the Turkish lira against the dollar.

- The mega projects and infrastructure projects undertaken by the Turkish government for the development and renaissance of the country, such as medical cities, transportation lines, Istanbul Canal, bridges and tunnels, have also led to an increase in real estate prices.

- The continuous and remarkable growth of housing projects in Istanbul.

- Tourism in Turkey, where Turkey records annually the visit of millions of tourists from all over the world to various cities, which increases the activity and movement of the Turkish real estate market.

 

We conclude from the above that the amount of $ 400.000 is not considered a huge sum in the current Turkish real estate market, but rather it is the average for obtaining an apartment in a prime location in Istanbul within a full-service residential project, and it is also the minimum for obtaining an investment property promising huge profits in the near future. Below are examples.

 

What real estate can you buy with $400.000?

- You can buy an investment apartment under construction, of the type 1+1, in the luxurious Bomonti project in the central area of Sisli, with a view of the Bosphorus, close to Taksim Square, Nisantasi, public transportation and the highway.

- You can also buy a larger apartment, of the type 2+1, in Kagithane, which is an urban development area and the closest area to the center of Istanbul, and it is the ideal choice for investors looking for investment properties that promise future profits at prices lower than the prices of the center of Istanbul

- You can buy a ready apartment in Sisli, in the heart of Istanbul, of the type 2+1, in a boutique project in the prestigious Bomonti district, close to business centers.

- You can buy a spacious apartment of up to 200 square meters, ready to move in, of the type 2+1, in Buyukcekmece area, with a sea view of the lake and the Marmara Sea, far from the center of Istanbul, but in a full-service area suitable for housing and holidays.

- Also, you can buy an apartment of the type 2+1, in the Asian side of Istanbul in Kadikoy, within luxurious towers designed for your luxury in a central location.

 

For more information, you can contact us, and our team of real estate consultants will provide you with all the details.

Frequently asked questions

Is $400.000 a lot for buying an investment property in Türkiye?

The amount of $400.000 is not considered a huge number in the current Turkish real estate market. Rather, it is the average for obtaining a residential apartment in a prime location in Istanbul within a full-service residential project. It is also the minimum amount for obtaining an investment property that promises huge profits in the near future.

Can I get an apartment in Sisli or Maslak at a price of $100.000?

No, Sisli and Maslak are among the most expensive areas in Istanbul, because they are central areas and are considered one of the best residential areas in Istanbul, and the price per square meter in these areas starts from $5.500.

Why are real estate prices so high in Istanbul?

Real estate prices are high in Istanbul compared to the rest of the Turkish cities because it is considered the economic capital of Turkey, and because of the great urban boom that it is witnessing, and its strategic location on the map, in addition to the great interest of the Turkish government in the city of Istanbul, and the development of infrastructure through many projects it has undertaken.
Also, Istanbul is considered the first destination for Turkish and foreign investors, as it is considered the best by achieving the largest profit margins in recent years for investors.
The prices of apartments in Istanbul are usually very high compared to other cities, due to its historical and commercial importance, as well as the most important commercial and archaeological centers.

Is Turkey a good place to invest in real estate?

Turkey is a top performer in the Eurostat House Price Index, indicating strong price growth. The Turkish government also provides mortgage rates as low as 1%, making property purchases more affordable. Additionally, investing in Turkish real estate worth at least $400,000 can provide an opportunity to obtain Turkish citizenship.

Where is the best place to invest in Turkey?

For real estate investment in Turkey, Istanbul stands out as an excellent choice for purchasing property. If you're interested in setting up a business or seeking industrial and commercial opportunities, Ankara is a top region to consider.

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