According to the latest information obtained by Worldway Immigration, a recent report by Nevita International states that foreigners purchased $3 billion worth of real estate in Turkey in the first half of 2019! Notably, data previously released by the Turkish Statistical Institute (TURKSTAT) showed that foreigners purchased $4.6 billion worth of Turkish property in all of 2018. In 2019, this figure surged to $3 billion in just half a year, clearly demonstrating the high level of interest in the Turkish real estate market among international investors.
According to reports from the Turkish statistical agency TUIK and the Central Bank: Between January and June 2019, a total of 19,952 properties were sold to foreigners in Turkey, compared to 11,816 in the same period last year, a year-on-year increase of 67%. Among these, Istanbul saw the highest volume of property sales to foreigners, reaching 8,900 units, accounting for 45% of the total. The agency predicts that the volume of property purchases by foreigners in Turkey will reach a record-breaking 50,000 units this year!
So, why is the Turkish real estate market so hot? Worldway Immigration experts state that as an emerging market with rapid economic development, various factors indicate that Turkey is a prime opportunity for investors looking to invest in Europe! As one of the key engines of Turkey's economic growth, the real estate industry is set to see tremendous investment opportunities!
Rising Demand for Housing in Turkey
Turkey has a population of approximately 80.8 million, with an average age of 31 and a population growth rate of nearly 2%. Analytical institutions predict that Turkey's demographic structure will remain in a growth phase until at least 2050, with the demographic dividend lasting for at least another 30 years. Compared with EU countries, Turkey has a larger youth population, which is mostly young, dynamic, well-educated, and multicultural. This massive demographic dividend drives strong local housing demand!
On the other hand, as a major destination for net migration, Turkey's foreign population is showing a sustained growth trend! According to the Turkish Government Gazette, the number of residence permit applications in 2019 reached as high as 992,330, which means that with nearly 1 million immigrant investors per year, significant housing demand will be generated! This net inflow of people is causing a sustained rise in rental and purchase demand in Turkey!
Turkish Government Incentive Policies for Real Estate Investors
The growth in Turkish real estate sales is benefiting from a series of favorable government policies. A key measure was the announcement on September 18, 2018, when the Turkish government lowered the threshold for citizenship by investment, reducing the required property investment amount by 75%, from $1 million to $250,000! This move caused an industry earthquake, with a large number of immigrant investors flooding into Turkey, and Istanbul specifically vaulting to become a globally popular city for real estate investment. Meanwhile, the Turkish government's stimulus policies for real estate investors have further fueled the heat of the Turkish property market, such as lower property acquisition taxes, VAT exemptions, the optimization of digital land registry and cadastral management systems, and reductions in deed transfer fees. This series of major changes has not only enhanced the attractiveness of the Turkey citizenship-by-property-investment program but also actively promoted international investment in Turkish real estate.
Favorable Opportunity for Turkish Property Investment
Recently, with both onshore and offshore RMB breaking the 7 exchange rate milestone against the US dollar, diversified asset allocation has become imperative. Including real estate in an investment portfolio can increase stability. Turkish property is a rare and valuable US dollar-denominated asset that can help investors achieve a favorable global asset allocation. At the same time, due to the exchange rate fluctuations between the Turkish Lira and the US dollar, foreign buyers can acquire properties at a lower cost, significantly reducing investment expenditure. Worldway Immigration experts state that with the current easing of Turkey's property-based immigration policy combined with currency fluctuations, this is an excellent time for immigration and investment in Turkey!
Currently, a major project resulting from a strong partnership between Worldway Immigration and a powerful Turkish developer—The Tianxi International—located in the European side of Istanbul, is one of the best investment choices on the market!
2019 Win-Win Project for Overseas Status and Property Investment
European Side of Istanbul, Turkey
Sky-High Landmark Residences Released
Invest to Quickly Obtain a Passport from a Major European Power
Experience a Dreamy Life at Tianxi International
Istanbul Tianxi International, situated between the Maslak and Levent business districts, integrates residential, office, and home creative design centers. The project includes three residential towers, combining luxury, comfort, and high technology. Its unique design style makes it a beautiful sight in Istanbul; at Tianxi International, you will begin a dream-like lifestyle.
360° Panoramic Views of Istanbul
As one of the rare high-rise residential complexes in Istanbul, the entire Tianxi International project rises into the clouds with an incredibly expansive view. Spacious balconies and bright floor-to-ceiling windows allow you not only to capture the beauty of the metropolis of Istanbul but also to become fully immersed in the city's charm.
Adjacent to Two Major CBDs, Easy Transportation at Your Fingertips
Tianxi International is located between the Maslak and Levent districts, which are the hallmarks of modern urban life and commercial centers in Istanbul. The project offers immediate access to highway entrances and subway stations, allowing for easy reach to every corner of the city. It provides quick access to the second Bosphorus Bridge, and via subway and connecting arterial roads, one can reach the new Istanbul Airport and the third Bosphorus Bridge. Its superior geographical location and accessible transportation make Tianxi International a shining star in the center of the city.
Education and an International Lifestyle Within Reach
Tianxi International—the heart of Istanbul—offers various apartment types to meet the needs of different investors. The project features complete amenities, such as lobby services, a gym and SPA center, sauna, children's playground, and a swimming pool overlooking the city skyline. It is fully equipped with smart home systems and a parking garage with a capacity for 3,500 private cars. It is adjacent to Istanbul's great "oxygen bar"—a 55-million-square-meter natural forest park—as well as gymnasiums, gourmet hubs, creative design centers, and more, allowing residents to fully enjoy an international lifestyle.
In addition, the surrounding educational resources are incredibly rich, with numerous international elite schools such as The British International School, International Small Hands Academy, Istanbul International Community School, and Bosphorus International Kindergarten, paving the way for your children's education.
Turkey is currently the only major geographical, demographic, and economic power from the Eurasian continent among countries with open, fast-track citizenship programs, and the only G20 nation with a low-threshold, fast-track passport program! For those wanting to participate in the Turkish investment market, simply investing no less than $250,000 in real estate allows the whole family to quickly obtain a Turkish passport, and the purchased property can be sold after three years! At the same time, for interested investors, depositing the equivalent of $500,000 in a bank operating in Turkey for 3 years also allows for a quick Turkish passport, an EU candidate country. The investment value is self-evident! Additionally, holding a Turkish passport not only enables quick application for the U.S. E-2 visa for rapid entry into the United States, but also allows for the application for permanent residency in the UK and other benefits!
A win-win project for 2019: overseas status + real estate investment. Opportunities wait for no one. Scarce properties are available on a first-come, first-served basis! For details, please consult: 400-138-2929
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