Overseas property investment, with property prices doubling and strong appreciation, is the ideal state that every investor aspires to achieve. Experts from WorldWay Immigration indicate that in addition to property appreciation, another issue worth paying attention to is whether market transactions are active. If market transactions are not active enough, the liquidity of real estate will be slow, and inadvertently, property speculation can turn one into a landlord. Therefore, investing in properties with active market transactions is a fundamental rule of overseas real estate investment, without exception.
So how can one determine whether the local market transactions are active when investing overseas? What are the criteria for judgment?
Senior experts from WorldWay Immigration state: First, assess whether the country's economy is strong and choose countries with steady economic growth.
Turkey, as a currently popular country for overseas property investment, attracts thousands of investors. As one of the fastest-growing economies in the world, Turkey's average GDP growth from 2003 to 2016 reached 5.6%, and in 2017, the GDP growth rate soared to 7.9%, ranking first among the G20. Bloomberg, the world's largest financial information company, predicts that by 2020, Turkey's economy will join the trillion-dollar club, ranking among the top ten economies alongside the United States, China, Russia, and India!
Second, assess the overall market trend of the country's real estate and choose properties in markets with strong trends.
According to a report by the Daily News, a research report by the globally renowned company Ernst & Young shows that Turkey ranks second in the list of the most attractive real estate markets in Europe! The report indicates that Turkish property investors unanimously believe that the Turkish real estate market has strong appeal and are optimistic about future development trends, with 75% of respondents predicting that transaction volumes and scales will continue to rise!
Data from the Turkish Statistical Institute shows that in 2018, foreigners purchased properties worth over 4.6 billion USD, totaling more than 22,000 homes, while in the first four months of this year, foreigners purchased 13,400 properties in Turkey, a year-on-year increase of 82%. Over the past five years, Turkey's property prices have shown a significant upward trend.
From 2010 to 2017, the average property price in Turkey increased by 2.5 times, while in Istanbul, it increased by 3 times! A previous report by CBRE in 2019 indicated that Istanbul, Turkey's largest city, ranked among the top ten globally for property price increases last year, with average monthly rents surpassing those in major cities such as Beijing, Shanghai, Shenzhen, as well as Kuala Lumpur, Bangkok, and Ho Chi Minh City in Southeast Asia!
Global Property Price Increases: Top Ten Cities
The above data indicates that the overall trend of the Turkish real estate market is positive. With the continuous influx of overseas investors, the potential value of Turkish passports and real estate in the future is self-evident!
Third, assess whether the city has development potential, and try to choose key central cities in the country.
Istanbul is Turkey's largest city and serves as the political, economic, cultural, financial, trade, and transportation center of Turkey. One of the largest plans by the Turkish government is the proposed Istanbul Canal project, which will divide the European part of Istanbul into two. The area near the canal will be surrounded by the Black Sea, the Istanbul Canal, the Sea of Marmara, and the Bosphorus Strait, creating a new island. The Turkish government plans to invest heavily to develop this island into a comprehensive hub for economy, finance, commerce, culture, tourism, education, and healthcare, akin to Turkey's "Manhattan," which will stand alongside the United States' Manhattan, London's financial district, and Hong Kong's Central, becoming one of the most valuable real estate markets in the world.
Fourth, assess the vitality of the entire city, choosing areas with significant net population inflow and strong demand.
To determine whether a city is vibrant, one must look at whether there is a sustained inflow of population, focusing on one data point—the mechanical population growth value. The larger this value, the greater the net population inflow. The more people there are, the greater the demand for properties; the greater the demand, the more active the transactions, and the more active the transactions, the faster the property appreciation, which also facilitates better liquidity.
The Basaksehir district is a high-growth area in Istanbul, currently with a total population of about 380,000, expected to double by 2019 to reach 800,000. Among them, 40% are young people under 20 years old, and 43% are highly educated elites aged 20-44, known as the "Smart City."
The currently hot-selling Edirne Mansion project by WorldWay Immigration is located in the Basaksehir district, within the radiation zone of the proposed Istanbul Canal project by the Turkish government. This project is a rare high-cost-performance property in Istanbul and represents a new business district, making it one of the best investment choices currently available in the market!
Nearly 200㎡ of furnished ready-to-move-in properties
Only 1500 USD/㎡, with private parking space included
Quality properties within the radiation zone of the Istanbul Canal
Rich educational resources
International/public/private schools available
Properties near subway stations, located in high-growth population planning areas
Adjacent to shopping centers, city squares, and large parks
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