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13 Reasons To Buy Istanbul Property

The unique touristic character of Istanbul and the rapid growth that it is experiencing in terms of infrastructure as well as huge real estate projects has made it the center of world’s attention from Arabs and foreigners looking to move to Istanbul to invest and buy real estate whether you are looking to benefit from the return on investment of the property or simply to live in the city of Istanbul.

We will discuss here the main benefits you can avail and enjoy when buying property in Istanbul.

Suitable real estate prices:

In comparison to the prices of real estate in other European countries such as Britain, France and Spain Real estate in Istanbul is regarded as the most affordable in value and with advantages that are comparable to those of other countries, and the variety of real estate options and its price range that spans from affordable to high-end provided an excellent level of comfort and a variety of options. to investors.

Exemption from taxation on inheritances:

In this case, the Turkish state exempted the children of foreign deceased from inheritance taxes on the inheriting property, which is different from other European countries which impose taxes on the inheriting of property by foreigners, which may reach 20 percent of the property within a country like Britain.

Diversity of real estate investment strategies:

Where the property in The city of Istanbul offers a certain opportunity to earn a profit, either by taking advantage of renting it during the popular tourist season or by making improvements to it and selling it for a higher price or relying on it as a center for your job, commercial or office business.

The cost of living is low in Istanbul:

Despite the beauty and beauty of Istanbul, which is comparable to the other European cities, its strong infrastructure and access to different services, the cost of living in it remains higher than other countries in regards to food, drinks, electricity, water, gas and fuel, as well as other essentials of life .

The bright future of the real estate market Istanbul:

In recent studies, the Turkish real estate market occupied an impressive position as the third-strongest real estate market in the globe, trailing only China and United States of America, which indicates the bright prospects for the future of an booming real estate industry in Turkey generally and Istanbul specifically.

Ownership of the property in full:

Whatever the type of property and regardless of the number of properties you have, you can dispose of them and sell them when you’d like, at your own discretion.

Visit Prime Property Turkey when searching for properties for sale Istanbul.

Obtaining real estate residency:

If you own a home in Istanbul, you can obtain a real estate residence permit and renew it for until the property remains registered in your name.

How to get Turkish citizenship by the investment in real estate

This is in accordance with special conditions which require that the worth of the property should be more than $250 000 US dollars. If you acquire Turkish citizenship, then you may be granted the Turkish passport in addition.

Access to Istanbul:

Istanbul has three international airports (Ataturk International Airport Sabiha Gokcen International Airport, New Istanbul Airport) which offer international flights round the clock without stopping.

The advanced transportation network:

The neighborhoods and zones of Istanbul are connected to one other and to other cities in Turkey by an organized transportation network that makes transportation between them a breeze via subways or internal buses. …..

The distinctive climate in Istanbul:

In Istanbul, Istanbul has a beautiful climate in summer and winter free of cold, heat and storms, it is also distinguished by its beautiful nature and charming views that provide peace and relaxation away from the bustle and noise and bustle.

Ancient Civilization:

The history of Istanbul is not the result of the last few decades however, it dates in the hundreds of yearsago, as different civilizations alternated between the Roman civilization, and later the Ottoman civilization and then led to the establishment that of today’s Turkish state. This made the city of Istanbul an enormous cultural diversity , which reflected positively on the nature of Turkish society.

Facilities for service:

The city of Istanbul includes a number of service facilities. Schools and universities were built that offered the latest in science which was made accessible to all, and churches were built like churches and mosques and parks for the public were established, as were a number of other services.