Following the interest rate cuts by the Turkish government, major news has emerged from the Turkish investment market: the USD/TRY exchange rate has recently surged by 50% from its historical low, once again becoming a focal point of the global financial market! For investors interested in entering the Turkish real estate market, as the prospects for USD-denominated Turkish properties soar, a prime opportunity may have arrived!
Specifically, at the beginning of last year, a Turkish property priced at 600,000 Lira required foreign investors to pay nearly 120,000 USD, whereas now it only requires about 90,000 USD to purchase—a savings of nearly 30,000 USD! Relevant experts state that based on the USD/TRY exchange rate alone, investors have already sensed a promising new opportunity!
In fact, since the Turkish government announced the lowering of the threshold for Turkish citizenship in September 2018, reducing the real estate investment amount from 1 million USD to 250,000 USD, it has received significant attention from global investors! With a lower investment, one can obtain a Turkish passport—a candidate country for the EU—while investing in real estate. This has led to a continuous influx of investors looking to capitalize on Europe and achieve overseas asset planning, further fueling the Turkish real estate market!
Looking at the Turkish Real Estate Market Through Big Data
As one of the world's fastest-growing economies, Turkey's economy has developed rapidly in recent years with significant potential! According to data from the Turkish Statistical Institute (Turk Stat), Turkey achieved an average annual real GDP growth rate of 5.5% between 2002 and 2018! Bloomberg, a major global financial news company, stated in 2018 that Turkey is an emerging market worth watching. By 2020, Turkey's total economic volume may join the trillion-dollar club, ranking among the top ten alongside other economies such as the United States, China, Russia, and India! All these factors indicate that Turkey is a land of opportunity for European investment, and the real estate industry, as one of the key drivers of Turkey's economic growth, will see significant opportunities!
Since 2012, property sales to foreigners in Turkey have shown an upward trend. According to data from the Turkish Statistical Institute (Turk Stat), approximately 39,663 properties were sold to foreign investors in 2018, reaching a historical high. The Turkish statistical agency TUIK and the Central Bank predict that foreign property purchases in Turkey will reach a record 50,000 units in 2019!
According to the Knight Frank Global House Price Index, Turkish real estate is growing at a rate of 18.5% per year, surpassing Iceland, Luxembourg, Estonia, and others, to become the best real estate market in Europe. Between 2010 and 2017, the average national property price in Turkey rose 2.5 times, while Istanbul saw a 3-fold increase! It is evident that Turkey is one of the most promising real estate markets in Europe!
Turkey's Economy is Improving, Offering Many Market Opportunities
As an important part of overseas asset allocation, real estate investment is a preferred choice for many individual investors! With Turkey's current economic environment, the implementation of national strategic plans, combined with its excellent geographical advantages, broad reach, sound legal system, relatively complete infrastructure, relatively mature investment environment, and the support of new policies for buying property to obtain immigration status, many investors are laying out their plans in Turkey, making the Turkish real estate investment market increasingly popular!
Currently, Turkey's relaxed immigration policy for property buyers combined with monetary easing makes this the best time to enter the Turkish investment market! Purchasing Turkish property worth 250,000 USD or more allows the whole family to obtain a passport from Turkey, a major European country. It can be said to be the most cost-effective "entry ticket" for European immigration, highly sought after by many immigrant investors!
As one of the earliest immigration agencies to promote European property investment immigration projects, WorldWay Group, with its forward-looking vision, has partnered with powerful Turkish developers to introduce numerous Turkish real estate projects to investors, such as Edim Mansion and the Istanbul Core Area Garden Apartments. All are located in the European side of Istanbul, Turkey, and feature prime locations, suitability for both self-occupation and rental, friendly prices, and the benefit of obtaining a passport from a major European country through property purchase. These are currently the most popular projects on the market!
2019 Win-Win Projects: Overseas Identity + Overseas Property
European Side of Istanbul, Turkey
Purchase Property Starting from 250,000 USD
Obtain a Passport from a Major European Country, Turkey
1
Edim Mansion
Properties within the radiation circle of the Istanbul Canal
Large ready-to-move-in properties on the European side of Turkey, suitable for both investment and self-occupation
Rich educational resources, with international, public, and private schools available
Subway-adjacent property, located in a high-growth population planning area
Adjacent to shopping centers, city squares, and large parks
Friendly prices, starting from 1,500 USD per square meter
2
Istanbul Core Area Garden Apartments
Meets the leasing standards of independent third-party multinational large-scale professional leasing companies
Reasonable price, fast transfer of ownership
Professional company management, saving the trouble of rental gaps, rent collection, and maintenance
Turkey is currently a major geographical, demographic, and economic power in Eurasia among countries with open investment citizenship programs, and it is also a major G20 country that offers a low-cost investment passport program! For those who want to participate in the Turkish investment market, purchasing property of no less than 250,000 USD allows the whole family to obtain a passport from Turkey, a major European country, and the purchased property can be sold after three years! At the same time, for investors with needs, depositing the equivalent of 500,000 USD in a bank operating in Turkey for 3 years can also lead to obtaining a Turkish passport as an EU candidate country! Furthermore, holding a Turkish passport not only allows for applying for a US E2 visa to go to the United States, but also allows for applying for UK business and work visas to go to the UK, and upon meeting relevant conditions, one can also apply for UK permanent residency and other benefits!
Emigrate to Turkey, choose WorldWay, the company that officially introduced the Turkish investment citizenship program to China, for peace of mind and reliability! Currently, WorldWay's October promotion for 18 immigration programs is in full swing! There are many activities, many discounts, and many surprises. We welcome new and old customers to actively participate and seize the opportunity! Service Hotline: 400-138-2929
The copyright of this article belongs to WorldWay Group. If you need to reproduce or publish this article by means of reprinting, linking, posting, or any other way, please be sure to indicate that the copyright of the article comes from WorldWay Group. Violators will be held legally responsible. The information or views in this article are for reference only.
*The above information is for reference only and does not serve as a basis for investment. Investment involves risks, and choices should be made with caution.*