Amid the trend of global asset allocation, overseas property investment continues to play a vital role, especially with high-value, inflation-resistant overseas real estate being highly sought after! For investors looking to tap into overseas markets, having access to diverse investment channels and independent decision-making judgment is essential! Experts at WorldWay state that history has proven that the demographic dividend is one of the most important factors affecting real estate investment; for property investment, one should choose regions with net population inflow!
The Impact of Demographic Changes on the Real Estate Market
The most direct impact of demographic change is driving changes in local housing market demand and property prices! When investors engage in overseas real estate investment, they need to pay attention to local demographic changes. Focusing on demographic changes mainly involves observing two sets of data: natural population and migrant population. Since natural population changes are relatively slow and less obvious, the most important thing is to observe the faster-changing migrant population. At the same time, the housing demand brought by the population is the fundamental requirement for real estate development; as the population increases, housing demand rises, and property prices follow suit. If the population decreases, housing demand will decline, and property prices will fall. From the experience of other developed countries in the world, another huge change brought about by demographic structural changes to a country's real estate market is that while the growth of the home-buying population drives the growth of the real estate market, markets with good demographic structures and economic foundations possess better development resilience. Regions or countries that can retain and attract more high-quality young people, or those that have a sufficiently young demographic structure with a large reserve population, will undoubtedly gain an advantage in future economic development and investment.
Turkey—A Preferred Destination for Overseas Property Investment
Turkey is precisely such a place with immense potential for demographic development. The net inflow of population has led to a continuous rise in demand for renting and buying homes in Turkey, highlighting the value of real estate investment!
Turkey currently has a population of approximately 80.8 million, with an average age of 31 and a population growth rate of nearly 2%. Some institutions predict that Turkey's demographic structure will remain in a growth phase until 2050, and the demographic dividend will be released for at least 30 more years. Compared with EU countries, Turkey has a larger youth population, most of whom are young, vibrant, well-educated, and multicultural, offering a huge demographic dividend! Data shows that Turkey's migrant population has a continuous growth trend!
Taking Istanbul, Turkey's largest city, as an example: as one of the fastest-growing cities in the world, Istanbul has a low population base, and based on the advantage of high GDP, it has attracted a large number of foreign immigrants. The government's multiple favorable immigration policies, especially after the amendment of the real estate investment immigration bill last September, have attracted high attention from global investors. A large number of international immigrant investors have poured in rapidly, property prices are rising, and Istanbul has directly jumped into the first tier of global real estate investment! Data shows that 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. At the same time, between 2010 and 2017, the average national property price in Turkey rose 2.5 times, while Istanbul's rose 3 times! The 2019 Global Living Report previously released by CBRE showed that Istanbul, Turkey's largest city, ranked in the top 10 globally for property price growth last year, with average monthly rents higher than those in Beijing, Shanghai, and Shenzhen in China, as well as major cities in Southeast Asia such as Kuala Lumpur, Bangkok, and Ho Chi Minh City! It can be said that the Turkish real estate market has huge investment opportunities.
The Turkish government gazette reported that as of now, the number of residence permit applications in Turkey in 2019 has reached as high as 992,330, of which 504,465 applications were in Istanbul. In 2018, there were 856,470 applicants for residence permits in Turkey, an increase of 40% over the previous year, with more than 50% of the applications submitted in the world-famous city of Istanbul. According to the latest data from the official Turkish government gazette, as of June 30, 2019, since the implementation of the new Turkish investment citizenship policy last September, there have been 2,700 immigrant investors! The above data indicates that Turkey is a major country for net immigration inflow.
WorldWay experts state that with nearly 1 million immigrant investors annually and a large number of incoming residents, it means that Turkey will generate a massive demand for housing. Whether for vacation, tourism, or business, the demand for housing in Turkey, especially in Istanbul, will grow steadily, and this is a market with constantly increasing supply. If investors make the right choice, coupled with favorable factors such as Turkey's continuously growing population demand, limited prime locations, and the steady development of the real estate market, investing in Turkish property will be a very good choice for value preservation and appreciation.
Currently, another blockbuster project from the strong partnership between WorldWay Group and a powerful Turkish developer—the Edim Mansion project—is located in the business core area radiated by the new Istanbul International Airport and is currently one of the best investment choices on the market!
Turkish Edim Mansion
High-end residential property within the radiation circle of the Istanbul Canal, nearly 200㎡ of finished, move-in ready apartments, only $1,500/㎡ with a complimentary private parking space. Rich educational resources with international/public/private schools available. Subway-adjacent property, located in a high-growth population planning area, adjacent to shopping centers, city squares, and large parks.
The location of the Edim Mansion currently on sale, the Basaksehir district, is within the radiation circle of the Istanbul Canal project proposed by the Turkish government. The Istanbul Canal project will divide the European side of Istanbul into two, and by then, the location of Edim Mansion will be surrounded by the Black Sea, the Istanbul Canal, the Sea of Marmara, and the Bosphorus Strait, forming a new island. The Turkish government plans to spend huge sums of money to build this island into a Turkish "Manhattan" island that integrates economy, finance, commerce, culture, tourism, education, and medical care. It will be comparable to Manhattan in the United States, the City of London, and Central in Hong Kong, ranking among the real estate markets with the greatest appreciation potential in the world. It can be seen that the location of Edim Mansion will be the new business district of Istanbul in the future, with huge room for appreciation.
Turkey is currently the only major geographical, demographic, and economic power from the Eurasian continent among countries with open fast-track citizenship programs, and it is also the only major G20 country that has opened a low-cost fast-track passport program through investment!
For those who want to participate in the Turkish investment market, you only need to invest no less than $250,000 in real estate to quickly obtain a Turkish passport for the whole family. The purchased property can be sold after three years. You get both the property and the passport of Turkey, a major G20 country—killing two birds with one stone! At the same time, for investors with needs, depositing the equivalent of $500,000 in a bank operating in Turkey for 3 years can also quickly obtain a passport for Turkey, an EU candidate country! Furthermore, holding a Turkish passport allows for the rapid processing of a US E2 visa, realizing multiple benefits such as fast immigration to the United States!
The 2019 win-win project for overseas status + real estate, opportunities wait for no one; scarce properties, first come, first served! For details, please consult: 400-138-2929 or click to read the original article for consultation.
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