Real estate in Türkiye 2023

In this article, we will talk about Real estate in Türkiye 2023.

Real estate flourishing in Türkiye and rising price

With the renaissance that Turkey has witnessed in recent years, the growth of the Turkish economy, the availability of excellent infrastructure in all aspects of economic and urban life, the increasing activity of major Turkish construction companies, the growth of the tourism market, and the opening of doors to foreign capital, and The guarantees provided by the law for investment.

While giving advantages and guarantees to foreign investors in the real estate market, whether in terms of obtaining residency or citizenship, facilitating administrative transactions, or ensuring the fairness of contracts and protecting property.

And Turkish real estate prices are generally moderate compared to prices in European or parallel countries.

All of this helped the real estate market in Turkey to flourish and increase demand, thus increasing its prices.

It has contributed to the rise in real estate prices in Türkiye, especially:

1 – Increased purchasing power among Turkish citizens as a result of the general economic renaissance.

2- The demand of foreign investors to buy real estate.

3- The escalation in the prices of local and imported building materials.

All of this made real estate prices witness a continuous rise, and made real estate investment in Turkey rewarding and attractive, until it was observed that real estate sales numbers increased year after year, in an unprecedented manner.

Finally, we point out that obtaining Turkish citizenship can be done by purchasing a property worth four hundred thousand US dollars. Citizenship is obtained by the buyer of the property, his wife, and his children who are under 18 years of age.

As for real estate residency, it is obtained by anyone who buys a property worth $75,000 in the larger states, or $50,000 in the smaller states.

Al-Hayat Company is at your service to provide all the necessary additional information and details about real estate prices in Türkiye  2023, and about various investment activities.

You can contact us by Email or by phone.

Email address: [email protected]

Phone: 00905383726510