Commercial real estate in Turkey 2020
Recently , many businessmen and investors are heading to Turkey , as it has become a business center in Europe and the Middle East , as it represents one of the strongest economies in the world , and it promises profits for the facilities provided by the Turkish government to encourage investment .
Real estate investment was and still is one of the most profitable types of investments , due to the basic human need for housing , but anyone who wants to invest in this real estate field in Turkey must be fully aware of all its aspects , or buy real estate through one of the reliable real estate companies in case that he does not have experience in real estate or in the country , this will ensure that he invest his money in a profitable environment , and patience and not to rush to achieve the best profit must be known , as well as the great diversity in this area and determine the type of real estate investment that he desires , after doing a balance with the financial amount that he would like invest .
We at Right Home Real Estate Consulting in Istanbul provide you with the opportunity to purchase the home of your dreams in Turkey and invest your money in the real estate field by submitting the appropriate offers to you , and under the supervision of a legal team on all procedures to ensure your rights .
Commercial property in Turkey 2020
Commercial real estate is one of the most important types of real estate of interest to investors , and it includes offices and shops for sale , residential buildings , industrial real estate and retail real estate .
There are many reasons that drive investors to go to commercial real estate and work in them . The most important of these reasons is that they are often sold or rented for a long period , which encourages the investor to choose those properties , as the contract period can extend to 10 years depending on the goal that was renting it for its sake , in addition to the continuity of investment profits for several years , such as renting apartments and shops that contribute to the recovery of capital in a short time and the rest time to obtain a fixed income at the specified time .
Commercial real estate in Turkey is considered to be simple in costs , even at the time when there is no tenant , the expenses are very simple , and in the same context the tenant can modify and decorate inside the commercial real estate , which increases the aesthetic of the decoration or redistributes the office in proportion to his work , all these expenses are on the tenant and not the investor .
Real estate prices vary according to the conditions surrounding the property , which fully affect the rise or fall in real estate prices for that investment , the most important of these factors is the area that overlooks it or the location of the property within the city , as the age of the commercial property , its external appearance and its ongoing updates affect the property price .
The incentives offered by the Turkish government to foreign investors :
As the Turkish government provides facilities and incentives for foreign investors who want to invest in Turkey , and through this it gives them the right to obtain Turkish citizenship according to several conditions :
- When buying a property in Turkey with a value of two hundred and fifty thousand dollars at least $ 250.000 , provided that the property is preserved and not sold for three years .
- When investing in fixed capital with no less than five hundred thousand dollars , $ 500.000 .
- Turkish citizenship is granted to foreigners who show a document proving that they have deposits in the bank with a value of no less than five hundred thousand dollars , $ 500.000 , and that the deposits remain in the bank for a period of three years .
- Turkish citizenship is granted to foreigners who prove that they have purchased borrowing bonds from the state , provided that these bonds are not sold for a period of three years .
And those who obtain Turkish citizenship enjoy many advantages , including :
- The strength of the Turkish passport , as the Turkish passport ranks 39th globally , giving its holder the right to enter 72 countries without a visa .
- Turkish passport and Turkish nationality are processed and delivered in a relatively short period of up to 30 days .
- Turkey's relationship with the European Union , where negotiations and agreements are still ongoing between the Turkish government and the European Union countries regarding Turkey's accession to the European Union . Turkish citizens have the right to enter Europe without a visa in the future .
- The ability of Turkish passport holders and Turkish citizenship to benefit from retirement programs as a Turkish citizen .
- The Turkish government provides free education and payment plans to the university for holders of Turkish passport and Turkish citizenship .
- The Turkish passport gives its holder all voting rights for all types of elections in Turkey .
- The Turkish government allows dual citizenship for those who hold Turkish passports , as they can also have dual citizenship .
- The Turkish passport has a validity of 10 years upon receipt and can be renewed for life .
- The economic importance of Turkey , including the ongoing reforms undertaken by the Turkish government with the aim of always reviving its economy .