Investment opportunities in Turkish real estate for foreigners

Real estate market development in Turkey: new opportunities for foreign investors

Sherafettin Yilmaz, the CEO of "Home Real Estate & Investment," shares his views on the rapidly evolving real estate market in Turkey. According to the latest statistical data, there is a significant increase in demand and a rapid rise in prices. However, the question remains: will foreigners be able to become active participants in this process, moving beyond ordinary investments and becoming developers?

The real estate sector in Turkey has always attracted investors, both local and foreign. There are no restrictions for foreign investors wishing to invest in this country. Foreigners can purchase properties at the initial construction stage and successfully sell them for a profit. This is a popular strategy chosen by many.

There is also the possibility to open a company in Turkey, either independently or with local partners, purchase a plot of land, develop a project, and build a residential complex.

Legal aspects of foreign investments

What restrictions exist for foreign legal entities in this area?

Despite the fact that many foreigners prefer to have Turkish partners, this is not a mandatory requirement. As a potential investor, I am also considering this option. Entering an unfamiliar market alone, without knowing the local laws and regulations, is extremely difficult.

To implement the project, collaboration with a Turkish contractor is essential to meet government requirements. Turkey has strict construction regulations, and only licensed organizations are allowed to build housing. Therefore, a foreign company can act as the developer, but the construction must be entrusted to a local contractor.

Implementation of investment plans: tips from an expert

Let's assume I have a plan to purchase a plot of land by the sea and build a residential complex or villas for subsequent sale. How can I implement this project?

In Turkey, each plot of land has its own building permits and building ratios. Therefore, before buying land, it is necessary to determine the type of future object: villas, apartment building or something else. Otherwise, it may turn out that only private villas are allowed to be built on the plot, and your idea of an apartment complex cannot be realized.

Key aspects of choosing a land plot

When choosing a land plot in Turkey, you should pay attention to three main aspects:

• Building permit:It is necessary to ensure that the site allows for the planned project to be implemented.
• Location:assess the prospects of the area for the sale of ready-made housing and the ratio of the price of the plot to its market value.
• Quality of the site:consider whether the area is mountainous or flat.

The article "How to Choose a Luxury Villa in Alanya" outlines the quality standards that are important to consider when investing in real estate in Turkey.

Important aspects when calculating project costs

Location plays a key role. In the city of Alanya, mountainous areas prevail, which makes building in the mountains 50% more expensive than on flat areas. Sometimes the construction of a multi-storey building is cheaper than the construction of villas, so all cost calculations should be done in advance.

Example of a successful project

The company Home Real Estate & Investment is constructing a villa for a foreign investor.

Our successful projects for European investors

We are proud to announce the completion of projects for nine European investors who have invested in Turkish real estate. Each investor was offered a unique investment program that includes villas, duplexes, and apartments. These projects yield significant financial returns. For example, our client from Jordan successfully completed his first villa project, Kiwi, and decided to invest in Kiwi-2, having seen its effectiveness. Kiwi-2 is the second project implemented in collaboration with Home Real Estate & Investment. The first phase of the Kiwi project has already been completed, and all properties have been sold, confirming its popularity among investors.

Three types of foreign investors

• Investors at the construction and sales stage:They prefer to purchase real estate at the early stages of the project.
• Investors focused on rental income:They strive to achieve a stable rental income.
• Sleeping investors:They invest in land plots, anticipating an increase in their value in the future.

For successful investing, each of these types requires patience and a long-term perspective.

The "citizenship by investment" program in Turkey

The program allows foreign investors investing in construction to obtain a Turkish passport. When purchasing real estate worth $400,000 or more, the investor becomes eligible for citizenship. Other investment options are also available, such as investing in the fixed capital of Turkish companies or placing a deposit in local banks. This is an attractive opportunity for those seeking Turkish citizenship.

Our latest development project

We present a collection of premium villas and apartments from Home Real Estate & Investment and Özdence Inşaat with the possibility of obtaining citizenship. The project presentation will take place on May 19-20 in Moscow at the United Property Expo. We invite interested investors to explore unique investment opportunities in Turkish real estate and discuss all the details in person.

In conclusion to my article about the prospects for foreign investors in the Turkish real estate market, I want to emphasize that Turkey continues to be an attractive destination for investments in the real estate sector.