Turkey: Europe and Asia united
Turkey is an atypical country as it is located on two continents: Eastern Europe and Asia Minor. The European surface area is only 3% of the whole but comprises 14% of the total population, i.e. about 10 million people. It is an important geostrategic link between East and West.
This position and its various neighbours make the country a crossroads of multicultural exchange. The culture is influenced by the ancient Greek, Persian, Roman, Byzantine and Ottoman empires.
Istanbul, contrary to popular belief, is not the capital. It is a cosmopolitan and commercially very active city on the Bosphorus strait, which is the perfect representation of this multiculturality of Turkey.
Ankara is the capital of modern Turkey and the second largest city in Turkey, after Istanbul.
But Turkey is also a narghile smoked nonchalantly while looking at the blue sea, bazaars full of carpets and smells, still wild creeks bathed by a crystal clear water.
The kindness and ancestral hospitality of Ottoman origin will be reserved for you by the locals, do not hesitate to go and meet them.
Tourism in Turkey, a source of real estate investment
Tourism in Turkey, which accounted for 10% of GDP and over 43 million tourists before the pandemic, is beginning to recover, with good prospects for the 2022 season.
Turkey’s Minister of Culture and Tourism, Mehmet Nuri Ersoy, has said that his country aims to welcome more than 42 million tourists by the end of this year 2022. This is almost the same level as in 2019, before the pandemic!
He added, in statements he made on Monday during his appearance on a local television programme, that the ministry has continued since 2019 to develop various strategies related to the tourism sector.
In 2022, the sector’s contribution to GDP is expected to increase by 15.5 per cent to nearly TRY 607 billion (US$68.5 billion), or 8.3 per cent of the national economy, while employment in the sector is expected to increase by 4 per cent to more than 2.5 million jobs.
This number of tourists generates a significant need for real estate that will guarantee an excellent rental yield.
10 reasons to buy a property in Turkey
- Excellent Price to Quality Ratio per Square Meter
- Diversified Portfolio
- Easy Buying Process
- Payment Terms Options
- Low Cost of Living
- The cost of living in Turkey is on average 59.36% lower than in the US.
- Rent in Turkey is on average 87.04% lower than in the US.
- Restaurant prices in the UK are 300.59% higher than in Turkey.
- Supermarket prices in Germany are 120.64% higher than in Turkey.
- Consumer goods prices in Finland are 171.09% higher than in Turkey
- Easy access
- Mass Interest and Activities
- High Investment Profile
- Health Care System in Turkey
- Turkish Citizenship by Investment
The advantages of investing in Turkey.
1. Real Estate at Affordable Prices:More than 40,000 properties were acquired in 2018 by foreign investors. A lower price per square meter than classic investment locations such as Spain.
2. Capital Growth and Liquidity:Istanbul, for example, is reinventing its housing market with new developments. This leads to abundant supply which maintains attractive conditions that attract international investors to Turkish real estate, seeing potential for long-term capital growth. . High liquidity and a global audience are safety factors for potential sellers.
3. Low Costs and Ease of Purchase:If all the finances are in place, it only takes a week to complete the purchase. It’s easy to see why Turkey is doing a good trade in house sales.
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