Recently, the international exchange rate market has attracted significant attention from investors, and the importance of diversified asset allocation has once again become a hot topic! Among various overseas investment products, real estate is highly favored by the market due to its strong resilience and risk diversification advantages! In the current overseas property market, Turkish real estate investment is particularly sought after! Why is the Turkish real estate market so booming? Visatopia is here to analyze for all investors the 6 major reasons driving the rapid development of the Turkish real estate market!
1、A "Credible Country" in the Global Real Estate Market
Turkey is the world's 17th largest economy and the 7th largest in Europe. As one of the fastest-growing economies globally, Turkey saw an average annual GDP growth of 5.6% from 2003 to 2016, and in 2017, its GDP growth rate reached as high as 7.9%, ranking first among the G20. Bloomberg, the world's largest financial news company, predicts that by 2020, Turkey's total economic volume will join the trillion-dollar club, ranking among the top ten alongside other economies such as the United States, China, Russia, and India! As one of Europe's most promising real estate markets, Turkey has been named a "Credible Country" by MIPIM (the world's leading property market event) for two consecutive years!
2、Unique Geographical Advantages
Turkey is located at the center of three continents: Asia, Europe, and Africa. It is surrounded on three sides by the Aegean Sea, the Black Sea, and the Sea of Marmara. It is precisely because of this unique geographical location that it has been a WorldWay center and a vital transit route since ancient times, and it remains so today! Turkey is surrounded by either energy-rich Caspian and Middle Eastern countries or European countries with huge energy demands. Turkey's economy has undergone significant changes over the past decade; today, it has become a major energy corridor for Asia and Europe, an economic hinterland connecting 1.6 billion people and a GDP of 24 trillion US dollars, and a crucial hub connecting Europe, Asia, and the Middle East.
3、Government's 2023 Vision Goals
Turkey has set specific goals to be achieved by 2023, clearly aiming to join the European Union within the next 5 years and actively aligning with EU standards in areas including the economy, healthcare, and education! These goals include becoming one of the world's top ten economies, reaching a GDP of 2 trillion US dollars, increasing annual exports by 500 billion US dollars, and upgrading the country's energy, transportation, healthcare, and infrastructure. Through the construction of "hospital cities," the country aims to more than double its power generation capacity and build new bridges across the Bosphorus and the Dardanelles. Among Turkey's national goals is also the transformation of its largest city, Istanbul, into an international financial center.
4、Historic Engineering Advancements
Turkey's current economic environment and the implementation of its national strategic plans will bring enormous investment potential to the Turkish real estate market! According to the Knight Frank Global House Price Index, Turkish real estate is growing at an annual rate of 18.5%, surpassing Iceland, Luxembourg, Estonia, and others, jumping to become the best real estate market in Europe. Previously, the 2019 "Global Living Report" released by CBRE showed that housing prices in Istanbul, Turkey's largest city, ranked in the top 10 globally for growth last year, with average monthly rents higher than those in major cities such as Beijing, Shanghai, and Shenzhen in China, as well as Kuala Lumpur, Bangkok, and Ho Chi Minh City in Southeast Asia. This shows that Turkey is one of the most promising real estate markets in Europe! Crucially, with major urban transformation projects—especially the new Istanbul Canal, the Marmara Tunnel, the Third Bosphorus Bridge, and the new Istanbul International Airport—there will be a positive ripple effect on the rapid development of the Turkish real estate market!
5、Continued Booming Tourism Industry
As a world-renowned tourist destination, romantic Turkey is one of the countries with the most visitors globally and is among the top ten most popular tourist destinations in the world. Over the past decade, Turkey's tourism economy has grown rapidly! This is mainly due to Turkey's diverse culture, geography, climate, and government investment subsidies! Currently, Turkey's tourism industry is growing at a double-digit rate, with the number of international tourists visiting each year exceeding the local population by five times. For example, in 2018, the total number of foreign tourists in Turkey was 46.11 million, and tourism revenue was 29.5 billion US dollars! The rise of the tourism industry has driven demand in the Turkish real estate market and fueled the Turkish investment boom!
6、"Infrastructure Maniac" Style Urban Transformation
Turkey is known as an "infrastructure maniac," having invested hundreds of billions of dollars in infrastructure over the past few years. In addition, the rapid population growth in Turkey's major cities and the advancement of urbanization have greatly increased the volume of urban transformation and housing renovation projects. It is estimated that over the next 20 years, Turkey will demolish and rebuild 334,000 houses annually, totaling approximately 6.7 million units. Urban transformation requires approximately 44 billion Turkish Lira (15 billion US dollars) in financing annually. It is reported that the Turkish government has already allocated a total budget of 400 billion US dollars, and some projects have been contracted by international investment companies.
Visatopia experts state that in September 2018, the Turkish government announced a reduction in the threshold for Turkish citizenship, slashing the real estate investment amount by 75%, from 1 million US dollars to 250,000 US dollars. This move triggered a rapid influx of immigrant investors into Turkey! According to the latest data from the Turkish Statistical Institute (Turkstat), driven by the investment immigration program, housing transactions by overseas buyers rose by 92.1%. Thanks to the implementation of a series of favorable policies by the Turkish government, Turkey has leaped to become a premier investment destination in Europe, with unlimited business opportunities!
Currently, another blockbuster project resulting from the strong partnership between Visatopia Group and a powerful Turkish developer—The Tianxi International, located in the European side of Istanbul, Turkey—is the best investment choice on the market today!
2019 Win-Win Project for Overseas Status + Real Estate Investment
European Side of Istanbul, Turkey
Large-scale business community with a construction area of over 2 million square meters
Skyscraper landmark property launched with a bang
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Start a Dreamy Life at Tianxi International
Istanbul Tianxi International is located between the Maslak and Levent business districts, integrating residential, office, and home creative design centers. The project consists of three towers, combining high-end, comfort, and high technology. Its unique design style makes it a beautiful landscape in Istanbul. At Tianxi International, you will start a dreamy life.
360° Panoramic View of Istanbul
As one of the few high-rise residential buildings in Istanbul, the entire Tianxi International project towers into the clouds, offering a very broad view. Spacious balconies and bright floor-to-ceiling windows allow you to not only take in the beautiful scenery of the metropolis of Istanbul but also immerse yourself in the charm of Istanbul wholeheartedly.
Adjacent to Two Major CBDs, Convenient Transportation Within Reach
Tianxi International is located between the Maslak and Levent districts, which are the calling cards of Istanbul's modern urban life and commercial center. The project is located right next to highway entrances and subway stations, making every corner of the city easily accessible. You can quickly reach the second Bosphorus Bridge, and take the subway and connecting highways to the new Istanbul Airport and the third Bosphorus Bridge. The superior geographical location, combined with accessible transportation, makes Tianxi International a shining star in Istanbul, sparkling in the center of the city.
Education and International Lifestyle Within Reach
Tianxi International—the heart of Istanbul—offers a variety of unit types to meet the needs of different investors. The project has perfect supporting facilities, such as lobby services, a gym and SPA center, a sauna, a children's playground, a swimming pool overlooking the city panorama; the whole house is equipped with a smart home system; a parking lot that can accommodate 3,500 private cars; it is adjacent to Istanbul's "big oxygen bar"—a 55 million square meter natural protected forest park; a gymnasium; a new world of gourmet food; a creative design center, etc., allowing residents to fully enjoy an international lifestyle.
In addition, the educational resources around the project are also very rich, such as The British International School, International Small Hands Academy, Istanbul International Community School, Bosphorus International Kindergarten, and many other famous international schools, paving the way for children's education.
Turkey is the only major geographical, demographic, and economic power from the Eurasian continent among countries currently offering rapid citizenship programs, and it is also the only major G20 country offering a low-cost investment rapid passport program! For those who want to participate in the Turkish investment market, you only need to invest no less than 250,000 US dollars in real estate to quickly obtain a Turkish passport for the whole family, and the purchased property can be sold after three years! At the same time, for investors with needs, depositing the equivalent of 500,000 US dollars in a bank operating in Turkey for 3 years can also quickly obtain a Turkish passport, a candidate country for the EU. Its investment value is self-evident! At the same time, holding a Turkish passport not only allows for quick processing of the US E2 visa to achieve rapid travel to the United States, but also allows for applying for Turkish business visas and Turkish work visas to achieve rapid travel to the UK. If relevant conditions are met, one can also apply for benefits such as UK permanent residency!
A good project for a win-win of overseas status + real estate investment in 2019. Opportunities wait for no one. Scarce properties, first come, first served! Consultation Hotline: 400-138-2929
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