The unique touristic character of Istanbul as well as the progress it is witnessing in the form of infrastructure as well as huge real estate developments made it the focus of the worldwide attention of Arabs as well as foreigners wanting to visit as investors in the real estate market whether the intention is to reap from the return on investment of the property or to reside in a city Istanbul.
We will list here the best benefits you will get and benefit from when purchasing property in Istanbul.
Suitable real estate prices:
Comparatively to prices for real estate in other European countries like Britain, France and Spain the real estate market in Istanbul is considered the cheapest in terms of price and comes with benefits that compete with those in other countries, and the diversity of real estate and its price range from very affordable to high-end provided an excellent level of comfort and a variety of options. to the buyer.
Exemption from inheritance taxes:
The Turkish state exempted children of foreign deceased from taxation on inheritances of the inherited property, unlike other European countries that impose taxes on the inheriting of property by foreigners that can be as high as 20% of the value of the property in a nation like Britain.
The variety of investment techniques:
In the case of Istanbul, The city of Istanbul provides a guaranteed opportunity to earn money, be it by renting it out during tourism season, or making adjustments to it, and then selling it at a greater price or using it to be a place to conduct your job and commercial or office activities.
The cost of living is low in Istanbul:
Despite the beauty and charm of Istanbul and its proximity to similar European cities, its strong infrastructure and the availability of many services, the price of living in the city is more expensive than the other countries in terms of food, drink 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 largest real estate market in the globe, trailing only China as well as the United States of America, which indicates the bright future for in the market for real estate of Turkey in general and Istanbul in particular.
Full ownership of the property:
Whatever type of property you own and regardless of the number of properties you own you are able to dispose of and sell them anytime you’d like at any time.
Obtaining real estate residency:
As by owning a property in Istanbul you are able to get a residence permit in real estate and renew it for until the property is still in your name.
Obtaining Turkish citizenship by real estate investment:
This is according to special conditions that require that value of the property is greater than $250 000 US dollars, and when you are granted Turkish citizenship, you may obtain the Turkish passport as well.
The ease of getting to Istanbul:
Istanbul is home to three international airports (Ataturk International Airport, Sabiha Gokcen International Airport, New Istanbul Airport) that offer international flights around all hours of the day, without a break.
The network of transportation that is advanced:
The neighborhoods and areas of Istanbul are linked to each another and with other cities in Turkey through an organized transportation network that makes transportation between them extremely easy using internal buses or metro …..
The distinctive climate in Istanbul:
In Istanbul, Istanbul has a beautiful weather in winter and summer free from heat waves, cold and storms, it is also distinguished by its beautiful landscape and picturesque views that provide peace and calm far from the hustle and bustle of the city.
The history of Istanbul is not the product of the recent past it is actually a relic dating from the past many centuries ago, as various civilizations merged with the Roman civilization, and later the Ottoman civilization, which was followed by the creation of the modern Turkish state, and this created Istanbul the city of Istanbul a great variety of cultures that reflect positively on the nature in Turkish society.
Facilities for service:
Istanbul is a city that Istanbul contains a large number of various service facilities. Universities and schools were established that offered the latest in science which was made accessible to all as well as places of worship were established such as mosques and churches, and public parks were established, as were a number of other services.
Get in touch with our team if you are considering properties for sale Istanbul.