Following Turkey's announcement to resume work and production in early June, the opening of certain international flight routes, and the government's introduction of low-interest loan policies, a new wave of investment enthusiasm from international buyers and local residents has emerged!
Recently, data from the Turkish Statistical Institute (Turk Stat) revealed that in June 2020, property sales reached 190,000 units, marking a significant 209.7% increase compared to the same period last year! From January to June 2020, Turkey sold a total of 624,000 properties, a year-on-year growth of 23.5%!
Notably, in June 2020, the demand for housing from international investors continued to rise, with a total of 1,664 properties purchased in Turkey, reflecting a 93.5% increase compared to May of the same year! Additionally, compared to June 2019, the number of Chinese investors applying for citizenship through property purchases in Turkey significantly increased, placing Chinese investors in the top three among overseas buyers in Turkey for June 2020, reaching a new high!
Source: Turkish Statistical Institute (Turk Stat)
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2020 marks an explosive year for the Turkish property market
A sight to behold
As one of the rapidly growing economies in Europe, Turkey enjoys a reputation as the "New Jewel of the Country" in the international community! According to data newly released by Eurostat in June, Turkey's GDP grew by 4.5% in the first quarter of 2020, ranking third among 38 European economies! Despite the ongoing global pandemic, Turkey's economy has remained robust! The real estate industry continues to thrive and is one of the key drivers of Turkey's economy!
With the continued popularity of Turkey's property investment immigration program, Turkey has become a dark horse in the global investment immigration market in 2020! Boosted by the investment citizenship program, the booming demand in Turkey's property market has surged! Numerous indicators suggest that Turkey now presents one of the most promising real estate markets in Europe, showing signs of vigorous development and representing the next opportunity for international investors!
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Data reveals favorable conditions for purchasing property in Turkey
Visionary investors have started taking action
During the pandemic, Turkey launched a comprehensive loan program, encouraging many local residents to purchase homes through loans. In a short span of six months, Turkey’s housing loans shattered annual records. According to data from the Banking Regulation and Supervision Agency (BDDK), the total balance of property loans in Turkey reached $33.63 billion in the first half of this year, an increase of $4.69 billion compared to the same period last year!
At the beginning of June, Ziraat Bank, Vakıf Bank, and Halk Bank introduced mortgage plans with historically low interest rates, with mortgage terms for new homes extending up to 15 years and interest rates as low as 0.64%, along with a grace period of up to 12 months, providing significant convenience for prospective investors in Turkey! This program not only stimulates local enthusiasm for home buying but may also lead to an increase in Turkey’s real estate prices! Currently, with a solid economy and a relatively mature investment environment, along with favorable factors such as government interest rate cuts, it is indeed a good time to enter the Turkish market!
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Numerous advantages of Turkey's investment citizenship program
Two major added-value attractions significantly increased
Turkey is currently one of the geographical, demographic, and economic giants in Eurasia among countries offering investment-based citizenship programs, and it is a major player in G20 countries with affordable investment citizenship offerings! The launch of Turkey's investment citizenship program has provided global investors with a prime opportunity for immigration investment and building overseas homes, making it a popular choice for high-net-worth individuals looking for a "second identity"! The highlights of Turkey's investment citizenship program are numerous, including rapid approval processes, visa-free access to many countries, properties that can be sold after three years, a minimum investment of $250,000 for real estate purchases, and the ability for the entire family to apply for Turkish citizenship, along with advantageous access to major European countries like the UK and the USA, making it highly sought after by investors!
Currently, investors who participate in Turkey's property purchase program not only acquire real estate but also gain additional potential value — Turkey is a candidate country for EU membership; once successful in joining the EU, properties in Turkey will upgrade to being classified as EU real estate! With strong momentum in Turkey's economic growth, now is an excellent time to enter the Turkish real estate market, signifying promising returns in the future! Additionally, after obtaining a Turkish passport, investors can also settle in the UK through the "UK Turkish Businessman Visa" and apply for the "US E-2 Visa" as a stepping stone to the USA, creating multiple advantages!
WorldWay Group, ranked among Asia's Top 500 Brands, as one of the early promoters of European real estate immigration programs, collaborates with reputable developers in Turkey to introduce various high-quality Turkish property projects, such as Shangdu Mansion, Art Mansion, Gold City Mansion, Mansion Plaza, Four Seasons Garden, European Breeze Garden, Ocean Royal Residence, Ocean View Royal Garden, which are among the most popular on the market! With 8 popular developments and over a thousand quality housing options, prices start at just $1,400 per square meter, featuring ready-to-move-in properties in European districts, suitable for both investment and residential needs... a variety of choices for all requirements!
2020 is the year of health planning; planning for health comes before identity! Choose Turkey's investment citizenship program to obtain the citizenship of a major European country and realize your British dream — starting with the "UK Turkish Businessman Visa"! For more details, please contact: Mainland China: 400-138-2929 Hong Kong, China: (852)2802 8798
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*The above information is for reference only and should not be considered as the basis for investment. Property images are for reference; actual delivery of the property will prevail. Investment carries risks; please choose wisely.*