Worldway Group has learned that recently, the title transfer fee required for foreign investors purchasing property in Turkey has been reduced from 2% to 1.5%. This favorable policy is valid until December 31, 2019. In other words, investors purchasing property in Turkey will save 0.5% of their costs. This undoubtedly provides more convenience and attractiveness for home buyers.
It is well known that Turkey attracts many investors due to its unique geographical location, developed economy, and rich tourism resources. The real estate market in Turkey is one of the most promising real estate markets in Europe. Data shows that in the first four months of this year, foreign buyers purchased a total of 13,300 properties in Turkey, an increase of 82% compared to the same period last year. Istanbul, the largest city in Turkey, is particularly favored by foreign buyers. In the first four months of this year, foreigners purchased 6,160 properties in Istanbul, up 158.7% year-on-year, with March alone accounting for 1,520 units, marking a significant increase of 173.4%.
Turkey's real estate has enormous investment potential. Strategically, Turkey serves as an important transit point and transportation hub among Europe, Asia, and Africa, boasting a population of approximately 81 million. By integrating a large construction industry with a continuously growing commercial and industrial output, Turkey provides significant opportunities for real estate developers and investors. Furthermore, a new regulation introduced by the Turkish government in September 2018 lowered the threshold for foreign individuals to apply for citizenship through real estate purchases in Turkey, which is another key factor attracting overseas buyers.
Turkey is currently the only major country from the Eurasian continent that offers a fast citizenship program. It is also the only country among the G20 that has a low-cost investment passport program. For individuals looking to enter the Turkish investment market, an investment of at least $250,000 in real estate will grant them and their family expedited Turkish citizenship. The purchased property can be resold three years later, providing considerable investment returns along with the Turkish passport of a G20 nation, achieving two goals with one investment! Meanwhile, holding a Turkish passport allows for quick processing of the U.S. E2 visa, facilitating rapid relocation to the United States and enjoying multiple benefits!
Worldway Group collaborates with strong Turkish developers to launch another significant project, Edim Mansion, presenting an excellent investment choice in the market!
High-end properties within the radius of the Istanbul Canal
Emerging new business district with high cost-performance ratio
Over 100 square meters of large ready-to-move-in units, suitable for both investment and residence
Prime location with comprehensive facilities, enjoy a quality lifestyle
Rich educational resources with international, public, and private schools available
A wealth of educational resources surrounds the project, with international schools, public schools, and private schools available from kindergarten to university, fully meeting your children’s educational needs.
Private Schools:
Ugur Schools from kindergarten to high school (6-minute drive)