• At the same time , encouraging real estate and investment laws have been approved , reflecting positively on the prices of apartments and achieving the common and sustainable development interest of both sides . Turkey is the promising country and the incoming investor is looking for a new opportunity in a prosperous and stable country .
• The Turkish government , along with real estate companies in the private sector , is taking a leading role in encouraging real estate investment by making special offers and facilities to own apartments in Turkey and encouraging new real estate projects that will positively reflect the prices of apartments in Turkey and meet the needs of investors through Various payment methods , including a wide range of convenient installment options , are designed to make apartment prices in Turkey accessible to all budgets for all social and investment segments .
• The political , economic and social stability enjoyed by the country ensures the maintenance of apartments and real estate purchased in Turkey at their prices , and escalated in stable rates over time . This was reflected in the smooth transition to the presidential system following the early June presidential and parliamentary elections in June 2018 , which resulted in greater government empowerment and stability in Turkey .
Turkish Citizenship of the Foreign Investor
• The Turkish Citizenship Law was issued to real estate investors in 2017 . Under this law , the real estate investor can obtain Turkish citizenship through a real estate investment of $ 1 million for the campaign of most foreign nationalities .
How much is the Price of Apartments in Turkey Compared with their European Counterparts ?
1 . The law prices of apartments In Turkey is what attracting the Arab investors in the first place , when it ’ s compared with its European counterparts . In Istanbul which is Turkey ' s economic capital and the world ' s largest city by population , you can buy a small apartment on the map for $ 100,000 , with a good tourist site , and value Promising investment could rise to 140 thousand dollars when it is ready .
2 . The average price of real estate in Turkey is still 50-60 % lower than in Eastern Europe and 80- 90 % in Western Europe , according to The Times .
3 . Turkey offers its foreign investors better real estate opportunities in terms of prices than other Mediterranean countries , as well as rental income of about 5.4 % and is among the highest in the region .
What Factors Determine the Price of Apartments in Turkey ? First : the Type and Importance of the City
• The tourism , commercial and industrial advantages of each city and its proximity to the sea , is very important in the prices of apartments in Turkey .
• Tourism cities are so vary around Turkey , but the best is Istanbul , which is the largest , most important and most beautiful of the beaches , monuments and entertainment . It is perhaps the most expensive city in Turkey . Here is a list of the prices and the cost of living in Istanbul .