Investing in property in Turkey has become a trend in recent years and it has unimaginable benefits that are making the country attractive for many investors around the world. Turkey is known for its hospitality, stunning landscapes, historical legacy, and amazing property. Through the years, the Turkish government has been taking strategies to make the investment environment more attractive for investors which has been instrumental in enhancing the investments in Turkey. To begin with, Turkey has a low entry cost for real estate investments. The low cost is attractive to many foreign investors since investors do not have to pay for high-value deposits when starting the investment process. Additionally, the lower property prices don’t only decrease the risk associated with the real estate purchase but also enable investors to buy bigger properties in popular areas. Moreover, compared to the European real estate markets, Turkish real estate has great potential increases in value. Turkish real estate prices have been increasing as they are not associated with the same factors that drive up real estate values in Europe. Instead, factors such as government support, strategic tourism plans, and economic growth have helped to spur the growth of real estate prices in the country. Lastly, the tax advantages are among other advantages that investors get when they purchase property in Turkey. The tax rate is low, and the different ways of investment enable investors to make their investments even more profitable. |