Why is Istanbul ideal for new investors?
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Why is Istanbul ideal for new investors?

Created: 2024-10-23 Modified: 2024-10-24 Views: 322 Luxury Signature Admin
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Istanbul is one of the most attractive cities for foreign investors in the real estate sector, making it an ideal choice for first-time investors. Several factors drive many to invest in this culturally and historically rich city that is experiencing flourishing economic growth.

 

What attracts new investors to choose Istanbul for real estate investment?

Strategic Location Connecting East and West:

Istanbul serves as a gateway between Europe and Asia, making it an important commercial and tourist hub. Its prime location enhances its real estate value and opens new horizons for investors seeking long-term profitable opportunities.

 

Increasing Population Growth:

Istanbul is known for its continually growing population, which increases the demand for residential properties. According to 2024 statistics, the city's population exceeded 16 million, and with this growth, the demand for housing continues to rise, enhancing the appeal of investing in housing.

 

Reasonable Property Prices Compared to Major Cities:

Compared to other European cities like London or Paris, Istanbul offers competitively priced properties. This allows first-time investors to enter the market without the need for substantial capital.

 

Lucrative Rental Yields in Istanbul:

Real estate investment in rental properties in Istanbul can be very profitable. The city experiences high rental demand from students, tourists, and business professionals, providing investors with a steady income stream.

 

Continuous Infrastructure Improvements:

The Turkish government invests heavily in infrastructure projects in Istanbul, from new airports to modern public transport, which increases the value of real estate in areas surrounding these projects.

 

Supportive Government Measures:

Government incentives, such as facilitating citizenship acquisition through real estate investment and improvements in ownership laws for foreigners, have increased Istanbul's attractiveness to foreign investors.

 

How does the Turkish government assist new investors in the real estate market to achieve profits and feel secure?

Facilitated Turkish Citizenship Acquisition:

The Turkish government provides foreign investors the opportunity to obtain Turkish citizenship by investing $400.000 in real estate. This policy has attracted many investors seeking a strong passport that opens doors to many countries without a visa.

 

Tax Incentives for Foreigners:

The government has introduced tax exemptions for foreigners purchasing property in Turkey, such as exemption from VAT, which enhances the attractiveness of the real estate market and reduces investment costs.

 

Real Estate Market Transparency:

The government has updated registration rules and ensured the legal integrity of all real estate transactions, providing more confidence to investors that their funds will be invested in clear and secure transactions, thereby increasing the sense of security.

 

Infrastructure Support:

Government investment in large infrastructure projects, such as the new Istanbul Airport and metro lines, significantly contributes to the increased value of surrounding real estate, benefitting investors greatly.

 

Development of New Areas:

Government incentives to develop emerging cities and areas, such as Başakşehir and Beylikdüzü, offer great opportunities for investors to enter the market at competitive price levels and benefit from the rapid growth in these areas.

 

What are the suitable real estate investment options for new investors in Istanbul?

Istanbul offers diverse real estate investment opportunities that attract investors from around the world. These opportunities allow new investors to enter the real estate market with confidence and a well-studied strategy. Let's explore some suitable options in this context.

  1. Residential Properties in Rapid Growth Areas Like Basaksehir: Basaksehir is a modern area undergoing rapid development with promising infrastructure plans. Property prices in Basaksehir have increased by 10-15% in recent years due to luxurious residential projects and modern shopping centers. Also, Beylikduzu is an ideal choice for families due to the availability of schools, parks, and public transportation. Prices are moderate compared to other areas, and investment here is characterized by the potential for lucrative rental yields.
  2. Commercial Properties in Strategic Areas Like Levent: Levent is located in the heart of the financial city and is referred to as the "Manhattan of Istanbul." This area offers great investment opportunities in commercial properties such as offices and shops, making it attractive to investors seeking long-term returns.
  3. Investment in Serviced Apartments in Istanbul: Serviced apartments in Istanbul are experiencing increasing demand due to intense tourism activity. This option can provide higher rental yields than traditional residential properties due to diverse rental strategies.
  4. Properties on the Bosphorus: If you seek diversity and distinction in your investment, properties on the Bosphorus offer breathtaking sea views and absolute luxury. These areas are more expensive but provide high investment returns and increasing value over time.
  5. New Real Estate Projects Before Completion: Investing in under-construction projects provides investors the opportunity to purchase property at discounted prices with the possibility of selling or renting them at higher prices once construction is completed. Areas like Maslak and Kagithane serve as ideal sites for these investments.

Frequently asked questions

Why is Istanbul a good idea for real estate investment?

Istanbul offers a strategic location, developed infrastructure, and reasonable property prices.

What makes Istanbul commercially important?

Its position as a bridge between Europe and Asia.

What policy does the Turkish government offer foreign investors?

Facilitated acquisition of Turkish citizenship through a $400.000 real estate investment.

How do tax exemptions help investors in Turkey?

They reduce investment costs and attract more investors.

What are the promising areas for residential investment in Istanbul?

Areas like Basaksehir and Beylikduzu.

Why are serviced apartments a good investment in Istanbul?

Due to high tourist demand and high rental yields.

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