Since Turkey pressed the 'restart button,' announced the resumption of work and production, gradually opened some international routes, and the government issued loose monetary policies, a new wave of investment from international buyers has been set off, and the real estate market has entered the 'fast lane'!
Recently, new data released by the Turkish Statistical Institute (TurkStat) shows that in July 2020, total real estate sales in Turkey reached 229,000 units, an increase of 124.3% compared to the same period last year! Among these, international investors purchased a total of 2,747 properties in Turkey, a 65% year-on-year increase compared to June, indicating that demand for property continues to rise! It is worth noting that from January to July 2020, a total of 885,000 properties were sold in Turkey, an increase of 65% compared to the same period last year, and the continued popularity of its real estate market is impressive!
Data Source: Turkish Statistical Institute (TurkStat)
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From the perspective of big data and investment,
is Turkish real estate worth buying now?
In recent years, Turkey has risen rapidly by virtue of its stable political environment, rich tourism resources, rapid population growth, and emerging industrial construction, becoming one of the fastest-growing economies in the world and enjoying the reputation of a 'New Diamond Country' in the international community. Data released by the Turkish Statistical Institute shows that between 2002 and 2018, Turkey achieved an average annual real GDP growth rate of 5.5%. According to newly released data from Eurostat, Turkey's GDP grew by 4.5% in the first quarter of 2020, ranking in the top 3 among 38 European economies! During the global pandemic, Turkey's economic performance remained impressive!
As an important driver of the Turkish economy, the real estate industry continues to welcome new development opportunities and may usher in a new round of capital frenzy. According to data released by the Turkish Statistical Institute, Turkey's population will have a net increase of 5.1 million by 2023, and the urban population will increase by 7.6 million. This population surge will bring about a housing demand for approximately 4.8 million households. With demand exceeding supply, property values and rental prices will continue to rise, showing significant development potential!
'Look at policy in the short term, location in the medium term, and population in the long term.' This logic applies to the judgment of the global real estate market. Looking at the trend of Turkish housing prices from 2011 to 2019, current Turkish property prices are in a favorable zone! Istanbul has reproduced the investment opportunities seen in other major cities like Athens, Lisbon, and Barcelona after 2008, and may see a significant surge in housing prices in the next few years!
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Two additional values of the Turkish investment citizenship program:
Overseas Property + Stepping Stone to the UK and US
Turkey is currently the major country in Eurasia in terms of geography, population, and economy among countries with investment citizenship programs, and it is also a major G20 country that offers an open, low-threshold investment citizenship program! The launch of the Turkish Investment Citizenship Program provides global investors with an excellent opportunity for immigration investment and creating an overseas home! The Turkish investment citizenship program has countless highlights, including fast approval speed, visa-free access to many countries, the ability to sell property after 3 years, and serving as a stepping stone to the UK and US. With property purchases starting from $250,000, the whole family can apply for a passport from the major European country of Turkey. This project has become a popular choice for high-net-worth individuals for second identity planning and health planning!
Currently, by handling the Turkish property purchase project, investors not only gain property but also have another potential value—Turkey is an EU candidate country. Once it successfully joins the EU, Turkish real estate will be upgraded to real estate in an EU country! Relying on the strong momentum of Turkey's economic growth, buying into the Turkish real estate market now means that future gains can be expected! At the same time, after obtaining a Turkish passport, investors can also settle in the UK through the 'UK Turkish Businessperson Visa' and use the 'US E-2 Visa' as a stepping stone to the United States, achieving multiple goals at once!
As a top 500 Asian brand, WorldWay Group, as one of the earliest immigration agencies to promote European property investment immigration projects, uses its forward-looking vision to join hands with powerful Turkish developers to grandly introduce many high-quality Turkish real estate projects to investors, such as Pasha Apartments, Nord Gardens, Shangdu Mansions, Yidu Mansions, Four Seasons Court, Royal Sea Residence, and Sea View Cloud Court, which are currently the most popular projects on the market! 7 popular properties, thousands of high-quality listings, with prices as low as $1,400 per square meter, large ready-to-move-in properties in the European district, suitable for both investment and self-occupation... a variety of needs, yours to choose from!
2020 is the Year of Health Planning. For health planning, identity comes first! To apply for the Turkish investment citizenship program, please consult the WorldWay service hotline: Mainland China: 400-138-2929 Hong Kong, China: (852)2802 8798
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*The above information is for reference only and does not serve as a basis for investment. Property pictures are for reference, and the actual delivery shall prevail. Investment involves risks, and choices should be made with caution.*