Recently, according to reports from CCTV Finance, Turkey's housing prices surged in February, increasing by 96.4% compared to the same period last year, with Istanbul experiencing a rise of 106.3%, reaching a new high.
In addition, the real estate price index rose by 77.5% in January, compared to 59.7% in December of last year. The Central Bank of Turkey stated that prices increased by 13.5% in February compared to January. The Turkish Statistical Institute reported that housing sales in Turkey grew by 20.6% in March, reaching the highest level since December of last year.
Meanwhile, rents in Turkey are also rising rapidly. According to data from the Turkish Statistical Institute, the annual growth rate in March was 19.7%. Data from Bahçeşehir University’s real estate analysis website Sahibinden shows that rents increased by 84.2% during the same period.
According to news websites, the head of the Housing Developers and Investors Association stated that the Turkish real estate market is experiencing a "demand shock." Several local real estate agencies predict that due to rising construction costs and a decrease in housing supply, housing prices in Turkey will continue to rise in the future.
The outbreak of the pandemic has had a significant impact on the economy, but Turkey's real estate market has seen counter-cyclical growth, which is an important reason why Turkey can attract numerous overseas investors. Of course, in addition to Turkey's booming real estate market itself, the immigration program that allows families to apply for Turkish citizenship by purchasing properties starting from $250,000 is also a significant factor.
However, for immigration investors, some seize the opportunity while others miss it. As we have always said, time waits for no one; immigration should be pursued early. Recently, the Turkish Cabinet decided to increase the property value required for applying for Turkish citizenship from $250,000 to $400,000 (details are being formulated, and the implementation date is not yet clear). This again illustrates that the two key factors in immigration are timing and choice. Those who seize the policy benefits have already realized their immigration dreams, and the value of their properties will also appreciate with the rise in housing prices and rents.
With rising housing prices in Turkey and the gradual recovery of its tourism industry, Turkey's future economy looks promising, and the investment prospects are considerable. For those looking to immigrate to Turkey, it is even more important to seize the moment and get on board. Currently, deposit immigration in Turkey is highly favored. The procedures for Turkish deposit immigration are simple and convenient, with fast approval times, no language, education, or residency requirements, no proof of source of funds, and no need to provide a certificate of no criminal record, all of which can be handled domestically. Several banks in Turkey allow remote account opening without the need to visit in person! For investors, moving their savings to another location can yield both wealth and identity benefits, making it a win-win situation. After three years, the deposit can be withdrawn at any time, and a certain return can also be obtained. More importantly, investors have freedom with their funds and minimal requirements; they only need to meet the deposit requirement.
At the same time, holders of Turkish passports can ensure that their children receive quality education in Turkey, as well as international education without leaving the country, aligning with European and American educational standards, and having a high probability of entering world-renowned universities. Furthermore, if children choose to return to their home country for development, they can easily enroll in prestigious domestic universities such as Tsinghua University and Peking University as international students without taking entrance exams. A Turkish identity provides children with more choices for the future, easily achieving an educational plan that balances both domestic and international opportunities!
As a proactive promoter of European investment immigration projects, the immigration agency that introduced the Turkish investment citizenship project to China earlier, in April 2019, Worldway Group, in collaboration with the Turkish Embassy in China, the Consulate General in Shanghai, and the Consulate General in Guangzhou, held the official launch conference and China launch ceremony for the Turkish investment citizenship project, officially introducing this highly anticipated project to global investors in China. This groundbreaking event will be recorded in history!
Worldway Group executives and senior officials from the Turkish government jointly launched the "Official Launch Conference and China Launch Ceremony for the Turkish Investment Citizenship Project."
As one of Asia's top 500 brands, focusing on investment immigration for over 20 years, Worldway Group has maintained good interaction with the Turkish government, making it your ideal choice for obtaining a Turkish passport!
For more details, please send us a private message in the comments section or call the Worldway service hotline: Mainland China: 400-138-2929, Hong Kong: (852) 2802 8798.
*Investment involves risks; the above information is for reference only.*