In recent years, against the backdrop of global asset allocation, a large number of Chinese investors have chosen to invest in overseas real estate. Among these, Turkey—a historic nation spanning both Europe and Asia—has attracted a significant number of investors due to its unique geographical location, abundant tourism resources, and the advantage of obtaining Turkish citizenship for the whole family by purchasing property starting from just $250,000. So, what is the investment value of real estate in this romantic country of Turkey? Let’s find out with Worldway Group.
How is the Turkish real estate market performing?
Turkey is one of the hottest real estate markets in Europe. According to the Knight Frank 2017 Global House Price Index, Turkey ranked 6th out of 56 countries, with an average annual real estate price growth of 11.1%, far exceeding the global average real estate price increase of 4.6%.
At the same time, Turkish real estate sales are also continuing to grow. It is understood that in 2017, foreigners purchased a total of 22,234 homes in Turkey, a year-on-year increase of 22.2%. Among these, Istanbul, Turkey's largest city, was the best-performing city for foreign home sales.
With both rising property prices and trading volumes, Turkey offers tremendous opportunities for investors.
Lira exchange rate fluctuations make real estate a bargain for overseas investors
Since August of last year, the exchange rate of the Turkish Lira has fluctuated significantly, with the U.S. Dollar appreciating sharply against the Lira. At the beginning of last year, for a Turkish property worth 600,000 Lira, a foreign investor would have needed to pay nearly $160,000. However, after the U.S. Dollar surged more than 50% against the Lira in August 2018, the same property worth 600,000 Lira could be purchased by a foreign investor for only about $100,000.
Currently, the U.S. Dollar continues to show an upward trend against the Lira, creating a golden opportunity for foreign investors to purchase Turkish property. Purchasing property priced in Lira with U.S. Dollars may yield higher returns, prompting many overseas investors to accelerate their pace of buying at the bottom of the Turkish market.
The golden window to buy at the bottom of the Turkish real estate market has arrived. Through the Turkish Citizenship by Investment Program, you only need to invest no less than $250,000 in real estate to participate in the Turkish property market, and you can also quickly obtain Turkish citizenship for the whole family. It is a double benefit: substantial investment returns and a passport from Turkey, a G20 country.
Garden Apartments in the core area of Istanbul, an excellent choice for investment
As a pioneer in European investment immigration, Worldway Group has used its forward-looking vision to partner with powerful Turkish developers to launch a Garden Apartment project in the core area of Istanbul, Turkey, helping you get a head start in mining for gold in Turkey.
Project Highlights
Superior geographical location and developed transportation;
Very complete surrounding supporting facilities;
High cost-performance ratio, a quality investment choice;
Purchase a property and the whole family can apply for and quickly obtain a Turkish passport.
This project is located in the Beyoğlu European Embassy District, the super core area of Europe's largest city, Istanbul. It sits along the coast of the Bosphorus Strait, the only maritime artery guarding the Mediterranean and Black Seas, and is located on the other side of the Golden Horn, Istanbul's most prosperous tourist attraction! It is currently a primary radiation potential investment zone for the Galataport project, a key construction project in Turkey. Its superior geographical location makes it an excellent choice for investment!
The project location has highly developed transportation
The project area is densely packed with bus and metro stations, allowing convenient access to all parts of Istanbul. The area around the project has diverse transportation routes, including the metro, tram, trans-oceanic rail, undersea tunnels, cable cars, Metrobus, passenger ferries, double-decker sightseeing buses, and taxis, making commuting very diverse.
Surrounding facilities are all-inclusive, and the environment is safe and comfortable
The project is surrounded by schools, embassies, museums, and palaces, with a stable residential population, making it very safe. Many historic European buildings have been preserved along the streets, and a variety of restaurants, cafes, and art galleries are within walking distance, offering an elegant living environment and a rich artistic atmosphere.
Recently, Worldway Group, in cooperation with the Turkish Embassy in China, the Consulate General in Shanghai, and the Consulate General in Guangzhou, held the launch ceremony for the Turkish Citizenship by Investment Program in five cities across China. It attracted significant attention, and the vast land of China is bound to welcome a tidal wave of capital investing in Turkey! Good projects won't wait! How can you get a head start and seize the opportunity to invest in Turkey? For details, please consult: 400-138-2929.
