Investment Properties in Turkey 2024

Investment Properties in Turkey 2024

The ancient land of Anatolia, Turkey, where cultures intersect and civilizations intertwine, extends between the East and the West as a bridge connecting the two worlds. It shines with its modern and ancient cities, and glows with its nighttime lights that reflect on the blue waters of the Bosphorus in a vibrant artistic tableau. Turkey, where towering mountains embrace the sky, and three seas hug its shores. Here, in this beautiful country, in this topic, we will dive into the world of investment properties in Turkey, to discover its charm and attractiveness, and to explore the golden opportunities it offers.

What are the Main Reasons Encouraging Real Estate Investment in Turkey?

Turkey owns a distinctive strategic location that encouraged many foreign investors to invest in it and made it an ideal gateway for companies wishing to reach new markets as it is located at the crossroads of Europe, Asia, and the Middle East, and is bordered by eight countries. It is one of the fastest-growing economies in the world where the Turkish economy today ranks 19th in the world in terms of its gross domestic product. Turkey grants company owners facilities in the procedures of opening their companies and allows them to start their business activities within days.

Turkey boasts a strong infrastructure that supports development and growth. With the abundance of its service and social facilities such as hospitals, medical centers, schools, universities, cultural centers, and others with the highest quality standards and the latest, in addition to the plans of the huge projects that the Turkish government implements in all its cities and states to raise the standard of living for its residents to include all types of transport, highways, suspension bridges, and tunnels with a modern appearance that pours into the crucible of global competition.

Turkey’s diverse economy offers abundant opportunities with competitive features at the level of many sectors, which attracts many foreigners wishing to enter the world of business in addition to attracting many labor forces to come and settle in Turkey due to the abundant job opportunities that the government creates to revive the economy in Turkey where the labor force in Turkey reached 35,206,000 in December 2022.

All this, in addition to the incentive programs offered by the Turkish government to encourage foreign direct investment such as tax cuts or even total tax exemptions for some types of taxes, and a lot of facilities and speed in the procedures and perhaps the most important of these facilities is the real estate residence for owners of residential units in addition to its reasonable real estate prices compared to other European countries.

Best Real Estate Investment Areas in Turkey

Turkey offers growing investment opportunities from its east to its west and from its north to its south, and options vary at competitive prices, and we will review in this article some of the best areas for investment in Turkey:

Istanbul comes at the top of the list of the best areas for investment in Turkey. It is the first city that comes to mind when talking about Turkey. It enjoys a population density, high-quality labor force, and natural beauty compared to other cities. Most real estate investments are made in Istanbul. And the most famous areas especially for real estate investment are areas such as Beşiktaş, Sarıyer, Bakırköy, Levent, and Akaretler.

Antalya, the city dubbed the capital of tourism because of the beauty of its beaches and the purity of its waters in addition to the fame of its historical places and luxurious tourist resorts, which made it the first tourist destination in Turkey.

Bursa is the fourth most populous city in Turkey and one of the most important industrial cities in Turkey and attracts many foreigners annually in search of job opportunities and is visited annually by many investors. Bursa city includes Mount Uludağ, which is the most attractive destination for tourists to experience skiing in winter and enjoy its resorts and temperate climate in summer.

Trabzon is one of the most famous Turkish cities on the Black Sea coast, many investors flock to it, and it forms a tourist destination during the summer and winter seasons annually to enjoy the temperate summer atmosphere on its beaches and resorts in summer and to experience the lifestyle amidst the rural mountainous atmosphere covered with snow inside its resorts and hotels in winter, which are prepared to receive tourists with a lot of recreational activities for each season as appropriate.

Sakarya: Sakarya is also listed among the best locations for real estate investment in Turkey. It is one of the cities directly overlooking the Black Sea and enjoys its stunning natural beauty and is one of the most important tourist areas near the city of Istanbul.