Turkey is a significant member of the G20 group and a country with both local and global influence, as it is characterized by a number of economic features and a strategic geopolitical position that make it one of the best nations to invest in, especially real estate, today and in the future. Last year, more than 50,000 foreigners bought property in Turkey, the bulk of them in Istanbul, which is a significant economic hub both locally and internationally. Despite this, many foreigners contemplating investing in Istanbul real estate wonder, why should you invest in Istanbul real estate?
Purchasing real estate is a simple process. Within two to three days, the purchasers engaged in the acquisition complete their payment and deed transfers. The first day is dedicated to the exploration trip and selling contract, with the money transfer and deed application procedure taking place on the second and third days.
Turkey’s Low-Cost Housing
Most individuals who wish to invest in real estate outside of their own countries stick to the most famous tourist locations, including Turkey, Spain, and France. Most of these people end up investing in Turkey since, in contrast to Western Europe, England, and America, it offers a wide range of affordable real estate investment options. Furthermore, Turkey is a relatively affordable country to live in, so many international investors find the idea of buying a property in Turkey with the aim of investing and vacationing there quite attractive.
Istanbul’s Gross Domestic Product (GDP)
Istanbul’s gross domestic product is $449 billion dollars. More over half of Turkey’s population lives in this region. As a consequence, Istanbul may be regarded as Turkey’s economic hub. Istanbul, Turkey’s capital, is where the bulk of the country’s trade takes place. Because of its continuous inflow of money and dynamic economy, Istanbul is an excellent location to invest in real estate. In Istanbul’s stock market, 513 may be discovered, showing a dynamic money ecosystem. The value of stock market trade is estimated to be about 1.9 trillion dollars.
You will also be able to visit numerous beautiful historical places and landmarks if you buy property in Istanbul. The value of your investment will be safeguarded by historic and well-known structures like as Hagia Sophia and Dolmabahce. In Istanbul, you may purchase a house on the beaches of the Bosphorus and live near to the lovely sea throughout the summer!
How to Buy House in Istanbul
After you’ve found a reputable real estate firm or consultant, the next step is to locate a house that meets your needs. How many bedrooms and bathrooms do you think you’ll need? What is the best way to find it? Is it new or used, and how many square feet or other criteria are you searching for in a home? These and other considerations should be made before purchasing the house in which you will reside.
You should contact a real estate firm if you want to purchase a home as a foreigner since the procedure is complicated for an individual. Make sure the procedure runs well by taking care of everything ahead of time, maybe a few months before moving in. You will fall in love with Istanbul, the city of history and culture, after you have settled here. You will be pleased with the people and culture in your new flat, whether it is in Kadikoy, Beyoglu, or elsewhere. It’s much better if your home offers a view of the Bosphorus!