American Investments in Turkey
A promising future is waiting for the foreign investment in Turkey: The US specially.
Turkey has always been a destination for those who want to enjoy civilization, culture, and nature. Also, because of its growing economy, Turkey has become a destination for foreign investors, and the United States is one of the ten most investing countries in it.
Why are Americans investing in Turkey?
The real estate investment in Turkey by foreigners reached 189 thousand properties between 2015 and 2020. Over the last three years, the United States has been among the twenty most nationalities seeking real estate investment in Turkey.
According to the Turkish Statistical Institute, the number of apartments bought by foreign investors from the United States was 658 apartments in 2019, and 623 apartments in 2020. Plus, it reached 1014 apartments between January to September 2021. Then, why are Americans seeking investment in Turkey?
One of the reasons to invest in Turkey is the facilities provided by the Turkish government to encourage real estate investment in its lands, like the Turkish real estate law. According to Turkish real estate law number 2644 article 35, foreign individuals and companies are allowed to buy and own properties in Turkey. Another facility could be the VAT exemption for those who have their first investment in Turkey.
Indicators about promising future for foreign investment in Turkey
Turkey is always offering new chances to attract foreign investors, as it is one of the most welcoming countries to new investments in its lands. This could be shown in the positive impact on its economy. Since 2003, Turkey has attracted 165 billion dollar foreign direct investments.
Meanwhile, the real estate investment market in Turkey is growing rapidly and full of promises. Last year (2020), the real estate market in Turkey attracted a 4.4 billion dollar investment equivalent to 57% of the total inflow of foreign direct investment in Turkey which was 7.8 billion dollars. This could be because of the facilities Turkey put to encourage foreign investors like:
Getting Turkish nationality: when you own and invest in real property in Turkey, you will not only get good profits ( more than 20% after 3 years of buying the property), but also you will be able to get Turkish nationality if your property's price was 250,000 dollar at least.
You can get resident permission easily: The Turkish government gives resident permission easily to those who own property on its lands, and their families also ( wife and children under 18 years old). The resident permission will allow the investors, besides living in Turkey, to export furniture and vehicles and establish companies in Turkey.
These indicators promise a good and safe real estate investment future.
Related Articles
Dubai 2040 Urban Master Plan: A Vision That Will Reshape Real Estate Markets
Dubai has long been synonymous with bold urban planning, iconic architecture, and aggressive growth. The unveiling of Dubai’s 2040 Urban Master Plan marks its latest leap into long-term thinking, combining sustainability, smart infrastructure, and population management into a two-decade roadmap. As real estate stakeholders—investors, developers, homebuyers—seek to align with future trends, the 2040 plan offers both opportunity and risk.
In this article, we’ll explore:
- What the Dubai 2040 plan broadly entails
- Key mechanisms by which it can influence real estate supply, demand, and pricing
- Projected effects on ROI across residential, commercial, and mixed-use sectors
- Strategic considerations and warnings for investors
- How to position yourself now to benefit
Why Al Marjan Island Is the Middle East’s Most Promising Real Estate Investment Opportunity
Al Marjan Island, located in the Emirate of Ras Al Khaimah, is rapidly becoming one of the UAE’s most talked-about investment hotspots. With the launch of Wynn Al Marjan Island — the first legal casino resort in the Middle East — and limited remaining land for future development, investors are eyeing this prime location as a once-in-a-generation opportunity.
Dubai’s First-Time Home Buyer Programme: A Game-Changer for Emiratis and Expats Alike
Dubai has just launched a groundbreaking initiative — the First-Time Home Buyer Programme — aimed at helping both Emiratis and expatriates step onto the property ladder. Launched by the Dubai Land Department (DLD) and the Dubai Department of Economy and Tourism (DET), this initiative is a key part of the Dubai Real Estate Strategy 2033 and the D33 Economic Agenda, setting the stage for a more inclusive and thriving property market.
Comments (0)
You need to be logged in to comment