The advantages of Istanbul real estate are many, and it can easily be seen that the city attracts millions of tourists and investors annually in addition to students coming from all over the world in search of education in Istanbul’s distinguished universities.
Owning real estate in Istanbul gives its owner many advantages, including permanent residency or Turkish citizenship, in addition to the appropriate living environment, as well as the development that Turkey and Istanbul in particular are experiencing.
In our article, we will review for you some of the advantages of obtaining a property in Istanbul, so follow along with us.
The most prominent features of Istanbul real estate
The city of Istanbul enjoys a distinctive strategic location, as it attracts real estate investments thanks to its cultural, economic and historical diversity, and real estate ownership there gives those wishing to invest or even settle many advantages, the most prominent of which are:
Get a lot of investment opportunities
Investment opportunities in Turkey have varied in a wide range of fields, including the opportunities available in Istanbul, where you can benefit from advanced infrastructure and diverse commercial facilities and you can invest your money in real estate such as warehouses, commercial offices, and factories, which may provide you with opportunities to increase profits and achieve growth and in addition, investing in Istanbul can provide you with opportunities to obtain additional benefits such as residency or citizenship, as investment opportunities in Istanbul include business investments in import and export, as well as investment in various companies and shops and in addition, you can invest your money in the industrial sector, such as investing in industrial areas
Read also: Real estate investment opportunities in Turkey
Advantages of Istanbul real estate: Obtaining Turkish citizenship
By investing in real estate in Turkey, you can now have the opportunity to obtain Turkish citizenship and under recent legislation, individuals who purchase a property worth US$400,000 or more in Turkey can obtain Turkish citizenship and this measure provides an attractive investment opportunity for people who want to benefit from the benefits of residence and travel freely in Turkey and other countries that can be entered with a Turkish visa.
Read also: Real Estate investment in Turkey Ranks First Worldwide
The distinctive infrastructure of Istanbul real estate
There are modern and diverse means of transportation available in Istanbul, which facilitate transportation around the clock and help students and residents reach their schools and universities easily and in addition, it provides the possibility of staying in quiet places far from the hustle and bustle for those who wish to do so
There is also an advanced metro network that includes several lines, in addition to other means of transportation such as the metrobus, trams, and buses, facilitating access to all parts of the city with ease.
Istanbul is considered an attractive destination for students and those seeking higher education, as it includes world-class universities and offers distinguished academic programs that keep pace with modern developments in various scientific fields.
Istanbul's tourist attractions are among the most prominent features of the city, as it is famous for its ancient history and rich culture and thanks to its diversity, natural beauty and rich cultural heritage, Istanbul is considered one of the most important tourist cities in the world, providing multiple opportunities to explore diverse tourist attractions and cultural attractions.
Advantages of Istanbul real estate: Obtaining real estate residency
With the Turkish government's facilities for investment in Istanbul, you can obtain a real estate residence permit for one year, renewable if you own real estate in one of the properties in Istanbul or even other cities.
Excellent profit return
Real estate investment in Turkey provides a guaranteed and stable investment return, as stable income can be achieved by renting properties in a group of prestigious real estate projects and in addition, the real estate market in Turkey is witnessing a continuous growth in real estate values, which makes real estate investment in it an excellent opportunity for long-term capital development.
Istanbul real estate features: wonderful architectural design
One of the most prominent features of Istanbul real estate is the advanced infrastructure and modern designs that combine elegance and modern functionality, providing spacious interior spaces and integrated facilities such as swimming pools and fitness gyms, as these homes also provide prime locations in prestigious neighborhoods in Istanbul, making them an ideal choice for investors and residents. Both, as real estate investment in Istanbul is considered an excellent opportunity to achieve stable financial returns and long-term capital development.
Possibility of inheritance of Istanbul real estate
One of the advantages of Istanbul real estate is the possibility of complete inheritance of the property, as the real estate ownership law in Turkey allows foreigners to be granted the right to fully own and freely dispose of the property without the need for the presence of a Turkish partner or sponsor, as a foreigner can own all types of Turkish real estate and register it in his name, provided that he is among the nationalities covered by the right to ownership and he also has the right to legitimately inherit his property, whether through a will or legally.
When can Turkish citizenship be obtained by owning a property in Istanbul?
As we talked about, one of the advantages of Istanbul real estate is the possibility of obtaining Turkish citizenship, but this is done under certain conditions, which are:
Submitting a real estate evaluation report showing the real value of the property
Provides any type of real estate title deed
Accepting all types of properties except for agricultural lands and properties under construction that have been stalled for more than 5 years.
The buyer pledged not to sell the property for 3 years.
The seller must be of Turkish origin.
Transferring the value of the property in Turkish Lira, equivalent to $400,000, after selling the foreign currency to the Central Bank of Turkey.
The property must have a conformity document from the Ministry of Environment, Urbanization and Climate Change.
By investing in Istanbul real estate, you open the doors of wide opportunities to enjoy many features and benefits and through its advanced infrastructure, diverse urban environment, ease of transportation, and diversity of services, Istanbul makes it an ideal investment destination for real estate investors and thanks to these features, you can enjoy an excellent return on investment and achieve stable and sustainable financial success in the future, so, feel free to explore and take advantage of the advantages of Istanbul real estate.
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