In recent years, with Turkey’s economic takeoff, improving investment environment, and new immigration policies, Turkey real estate has become increasingly popular among foreign investors for its high investment returns and function of global asset allocation. Driven by multiple positive factors, Turkey property prices keep hitting new highs, with an annual increase rate far exceeding other countries. Purchasing real estate in Turkey can help high net worth individuals realize wealth preservation and appreciation, obtain Turkish citizenship, and facilitate moving to the UK and US in the future.
Property price in Turkey rose for four consecutive quarters, ranking first globally
According to official data, property prices in Turkey have risen for four consecutive quarters, with a 5.5% increase in Q4 2021, ranking first globally. The annual increase even reached an astonishing 30.3%, far higher than other countries. This shows Turkey real estate is one of the hottest markets that should not be overlooked.
Owning property in Turkey has multi-fold advantages
The Turkish citizenship program is globally recognized for its low requirements yet multiple benefits. Investors can obtain lifelong Turkish citizenship for the whole family by investing $250,000 in Turkish properties. Besides wealth growth, the citizenship also grants visa-free access to 117 countries, enables smoother entry to the UK/US market, and facilitates global asset allocation.
Turkey properties have huge growth potential
Young demographics and close trade ties with the EU make Turkey properties uniquely promising. Turkey has one of the youngest populations in Europe, with half under 31 years old. It also established EU Customs Union and FTAs with 21 countries/regions. So property investment in Turkey is an optimal outlet to allocate assets globally.
To sum up, investing in Turkish properties can realize high returns, global asset allocation, obtain citizenship, and facilitate moving to UK and US. It is an emerging hot spot favored by high net worth individuals worldwide.