At some point, "overseas property investment & immigration" has become a popular topic among investors during casual conversations. Some decide to travel the world, enjoying the sunshine and air of foreign countries; others become international landlords, reliably earning rental income; some purchase overseas properties for security in their old age; and others buy homes for their children to enjoy an international education...
In summary, overseas asset allocation is attracting more attention and becoming younger. Investors' purposes for property investment are often linked to earning rental returns, education for children, retirement, vacations, or asset appreciation. Regardless of the reason, the timing of entering the overseas property investment market is crucial, and only when you grasp the appreciation wave can it be considered an opportunity!
According to the WorldWay Group, there is a sentiment among investors interested in overseas property that previously unheard-of information about real estate in Turkey is continually coming into view, and the demand for Turkish immigration remains strong. Various signs indicate that Turkey presents a new investment opportunity for investors.
The Turkish Real Estate Market: Unmeasurable Potential
Real estate in Turkey is not only favored by local residents but also attracts foreign investors. Turkey has a population of 80.8 million, with a youthful demographic and high housing demand. Additionally, the final annual results released by the Turkish Statistical Institute (TURK STAT) show that in 2018, foreigners purchased properties worth over 4.6 billion USD, totaling more than 22,000 residences! It is worth mentioning that since 2013, the number of properties sold to international buyers in Turkey has doubled!
In the first four months of 2019, foreigners purchased a total of 13,400 properties in Turkey, an increase of 82% compared to the same period last year. It can be said that Turkey is one of the hottest real estate markets in Europe and among the most promising real estate markets. Over the past five years, property prices in Turkey have shown a significant upward trend.
Excellent Investment Timing: Policy Relaxation & Currency Fluctuations
The increase in real estate sales in Turkey is attributed to a series of favorable government policies. A key measure was announced by the Turkish government on September 18, 2018, which reduced the threshold for Turkish citizenship by investment by 75%, lowering the required investment from 1 million USD to 250,000 USD!
Additionally, the exchange rate of the Turkish lira against other currencies allows foreign buyers to acquire Turkish properties at lower costs, thereby reducing investment expenditures. Furthermore, the property transfer fee for investors purchasing real estate in Turkey has been reduced from 2% to 1.5%, and this preferential policy is valid until December 31, 2019. In other words, investors purchasing Turkish real estate will save 0.5% in costs.
It can be said that under the current conditions of relaxed Turkish property immigration policies and currency fluctuations, this is the best time for immigration and investment in Turkey!
Popular Property Purchase Location: Istanbul
The Turkish real estate market is thriving, with Istanbul, as the economic, commercial, cultural, financial, and transportation center of Turkey, becoming the most favored investment hotspot for investors. Data shows that in the first four months of this year, foreigners purchased 6,160 properties in Istanbul, an increase of 158.7% year-on-year. In April alone, overseas buyers acquired 1,839 properties in Istanbul, a dramatic rise of 172% compared to the same period last year!
Currently, with lower investment costs, obtaining high-value properties in a globally recognized tourist city with strong economic resilience, and also acquiring citizenship of an EU candidate country, is undoubtedly attracting more and more investors.
As a pioneer of investment immigration to Europe, the WorldWay Group, in collaboration with the Turkish Embassy in China, the Shanghai Consulate, and the Guangzhou Consulate, hosted the official launch conference and ceremony for the Turkish investment citizenship program, officially introducing this program, which has garnered global investors' attention and expectations, to China. At the same time, the WorldWay Group always prioritizes investors' interests and, with a forward-looking perspective, collaborates with strong Turkish developers to select quality Turkish properties for investors. Currently, the Turkish properties highly sought after by the WorldWay Group are all located in the core areas of Istanbul, favored by investors.
The Edim Mansion in Turkey
High-end properties within the Istanbul canal radiation circle
Nearly 200㎡ finished properties, only 1,500 USD/㎡, with private parking space included
Rich educational resources, various international/public/private schools available
Subway-accessible properties located in high-growth population planning areas
Adjacent to shopping centers, city squares, and large parks
Luxury apartments in the core area of Istanbul, Turkey
Managed by independent third-party multinational professional rental companies
High-quality finished properties at reasonable prices, immediate ownership transfer
Three-year rental guarantee with substantial returns
Professional management company takes care of tenant turnover, rent collection, and maintenance issues
Steady rental income with potential capital appreciation gains
2019 is already halfway over; will you be able to seize the opportunities missed in the first half in the second half? Many people prefer to wait longer when buying property, not realizing that waiting could lead to significant additional costs. When it comes to buying property, act quickly; do not let it turn into the unbearable cost of "waiting." Of course, apart from real estate investment opportunities, when you genuinely choose to invest in Turkey, you will find that its charm goes far beyond this. Seize investment timing, grasp investment opportunities, and achieve mutual benefits.
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