Turkey is one of the most promising real estate markets in Europe, and the mantra “location, location, location” rings especially true for this country. Strategically situated at the crossroads of Europe, the Middle East, and Central Asia, and home to almost 81 million people, Turkey offers great opportunities for real estate developers and investors by combining a large construction sector with growing commercial and industrial output.

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Turkish citizenship

You may become a Turkish citizen if you purchase one or more properties in Turkey for a minimum total amount of US$250,000. You must maintain ownership for at least 3 years.

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Stable economy and dynamic population

Dynamic demographic factors and good economic figures have enabled Turkey to increasingly become the choice for foreign investors interested in setting up businesses and purchasing real estate. There has been an increase in demand for homes and offices in the recent years as more global companies and foreigners demand commercial and residential real estate.

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With a stable economy, investor confidence in the real estate sector has tremendously increased. Turkey has internationalized and institutionalized the sector while it has also put in place transparency and high quality standards in property transactions in anticipation of joining the EU.

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With a GDP of USD 851 billion in 2017, and 60% of the population under 40 years old,Turkey has become a major target for foreign direct investment.

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Banks and mortgage firms have also increased lending, with over 100 billion being disbursed in 2018. Turkey also attracted one of the highest numbers of tourists in 2018, with almost 46 million tourists visiting, making the country the sixth most popular destination on the planet. The high number of tourists indicates the high potential that Turkey has in the holiday home purchase and rentals segments. This is attributed to the fact all these tourists will need somewhere to stay whether homes or hotels.

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Turkey is an economic regional hub providing ultra modern shopping centres, and easy access to over 1.5 billion people who come for trade and other services in the country. This has increased the demand for infrastructure and facilities in the country.