Why should you Invest in Turkey?
Turkey with its geopolitical position, natural and cultural richness, transportation facilities and newly constructed bridges, airports and developed tourism, retail, entertainment, event and congress tourism is quite an attractive country for the foreign investors and at the same time a powerful country with its stable economy. With its growing economy, mega projects in the real estate sector and sectoral dynamics, Turkey will continue to harbor new opportunities, provide its investor with added value and increase its value in the future.
Turkish real estate sector has been one of the sectors managing to sustain its growth despite all the economic, political and social issues we have been through as a country. According to the statistics of Turkish Statistic Institute (TÜİK), the housing sales increased by 5,6 percent and 1 million 409 thousand 314 houses were exchanged in overall Turkey in 2017. Accomplishment of such a performance in spite of all experiences that our country encountered in 2017 is the re ection of the trust in the real estate sector and the stability of the Turkish economy.
Also granting citizenship to the foreign investors buying real estate in our country is a pleasing development in order to attract the foreign investors to our country. It became possible for a foreigner to acquire Turkish citizenship by purchasing a property worth at least USD 250,000. is regulation also for the investors investing minimum USD 500,000, for people depositing USD 500,000 or for investors providing employment to a minimum of 50 Turkish citizens as well. Moreover, with the new legal regulation of our government, VAT exemption granted to the foreign investors. According to the new VAT regulation, the foreign investors will have the right of buying real estate without VAT but will not be able to sell these estates for a year.
Neither during the application nor after earning the citizenship right, you aren’t obliged to live in Turkey. Most of the other countries expect the person to spend specified periods of the year in that country, even after the purchase of an estate. In Turkey that is not the case. Furthermore, with Turkish citizenship you can travel to 102 countries all around the world without a visa. In addition to that, Turkey is a country in the process of Visa Liberation Dialogue with The European Union so there’s also the chance to travel to European countries without a visa in the years to come.