Turkish Property Market Grows 819% Due To Migration/
Turkey has become quite a popular destination for HNW, especially its citizenship by investment program. Such a jump in real estate has led to the fact that prices have risen sharply (in some areas, the value jumps by 57% on an annual basis).
“In June of last year, cumulative naturalization under Turkey’s citizenship by investment program totalled just 981 main applicants and 2,766 dependents. As of June 2020, this total has increased by 819% to 9,011 main applicants and 25,411 dependents,” ceoworld writes.
What attracts foreign investors?
Extensive visa-free travel to 111 countries
Quick processing 3-6 months
Inclusion of spouse and dependent children under 18 years
No residence requirements
Turkey support dual citizenship
Citizenship is valid for life and can be passed on to the future generations
It is not required to declare your wealth
You can purchase any property you want in Turkey - no government restriction
If you purchase your property in US Dollars by wire then there is 0% VAT applicable
You will be issued with Turkish ID
Full medical assistance at no cost for life for you and your family members
Free education and university reimbursement plans
Turkey offers various investment options. For example, in addition to buying real estate, a foreign investor can invest his money in stocks, government bonds, or open a company.
MORE ABOUT ALL INVESTMENT OPTIONS IN TURKEY HERE
As for the real estate market, over the past year, housing prices have increased by 36% and averaged 15% over the past three years.
“Antalya has seen the largest growth, with real estate up 57% on an annual basis, while Izmir, Gaziantep and Diyarbakir have also seen a notable jump of 39%. Although Bursa has seen the lowest annual increase, real estate values have still climbed 24% annually,” says ceoworld.
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