Turkey is one of the most attractive real estate destinations in the world, with increasing interest in investing in Turkish properties among foreign investors. However, Turkey has undergone significant legal and economic transformations in recent years, raising questions about their impact on foreign investment in Turkey. In this article, we will explore the key legal and economic transformations in Turkey and analyze how they affect the real estate sector and foreign investment in it.
Foreign Investment in Turkish Real Estate
Foreign investment in Turkish real estate presents an important opportunity for investors seeking good
returns and portfolio diversification. There are several reasons that make Turkey an attractive destination for foreign real estate investment:
Strategic geographical location: Turkey occupies a significant geographical position between the
European and Asian continents, making it a crossroads for trade and investment. Additionally, Turkey has
a developed transportation network and diverse economic sectors, enhancing growth opportunities and investment returns.
Market growth: Turkey has experienced noticeable growth in its real estate market over the past decades.
Facilitative property ownership laws: Turkey has updated its property ownership laws to facilitate the
buying and owning process for foreign investors.
Golden residency and financial facilitations: Turkey’s golden residency programs allow foreign investors to
obtain permanent or temporary residency upon property purchases.
Wide range of property choices: Turkey provides a wide range of properties suitable for various investor
needs, ranging from residential apartments and luxury villas to commercial properties and hotels.
Market stability and currency strength: Despite occasional economic challenges, Turkey maintains relative
economic strength and market stability.
How do legal transformations affect foreign investment in Turkish real estate?
Turkey has implemented several legal transformations aimed at improving the business environment and
encouraging foreign investment in real estate. Among these transformations are:
Property Ownership Laws: Turkey has made amendments to property ownership laws to facilitate and
expedite the process of property acquisition by foreign investors. Restrictions on property purchases by
foreigners in certain areas have been lifted, and legal procedures have been simplified.
Golden Residency: Turkey offers a program for golden residency, allowing foreign investors to obtain
permanent or temporary residency by purchasing properties of a specific value. This program promotes
foreign investment in real estate and makes Turkey an attractive destination for global investors.
Financial Facilities: The Turkish government has introduced financial facilities for real estate investment by
foreign investors, such as providing favorable loans and flexible payment options. These facilities help
stimulate foreign investment and enhance investors’ ability to take advantage of real estate opportunities in Turkey.
How do economic transformations affect foreign investment in Turkish real estate?
In addition to legal transformations, Turkey also experiences significant economic transformations that
impact the real estate sector and foreign investment in it. Here are some key transformations:
Economic Growth: Turkey has been experiencing continuous economic growth in recent years, reflecting
its stability and economic strength. This growth enhances confidence in the Turkish real estate market and makes it an attractive investment destination.
Economic Diversity: The real estate sector is an important part of Turkey’s economic diversity. Alongside
tourism, manufacturing, and services, the real estate sector plays a vital role in promoting economic growth and attracting foreign investments.
Political and Economic Stability: Compared to the Middle East region and many other countries, Turkey
enjoys relative political and economic stability. This stability increases the confidence of foreign investors
and makes them prefer to invest in Turkish real estate.
The role of Hana Real Estate Company in foreign investment in Turkish real estate
Hana Real Estate Company plays a crucial role in attracting foreign investment in Turkish real estate. It
provides significant opportunities for real estate investment and is known for its active and advanced real
estate sector. Here are some key roles played by Hana Real Estate Company in attracting foreign investment in Turkish real estate:
Marketing and Promotion: Hana Real Estate Company promotes Turkish real estate in international
markets and markets it to foreign investors. This is done through advertising campaigns, participation in
international real estate exhibitions and conferences, and the use of social media and websites to promote available investment opportunities.
Consulting Services: Hana Real Estate Company offers consultancy and advice to foreign investors
regarding Turkish real estate. It helps investors understand the laws and regulations of real estate in
Turkey. It also provides advice on desirable residential neighborhoods, investment areas, and the expected return on investment.
Facilitating Real Estate Transactions: Hana Real Estate Company facilitates the buying and selling process
for foreign investors.
Property Management Services: Hana Real Estate Company provides property management services to
Market Information: Hana Real Estate Company gathers data and information about the Turkish real
estate market and provides it to foreign investors.
In conclusion, legal and economic transformations in Turkey have a positive impact on foreign investment
in Turkish real estate. Thanks to property ownership regulations, golden residency programs, and
financial facilities, Turkey provides a favorable investment environment and attracts foreign investors.
Continuous economic growth and political and economic stability enhance investors’ confidence and
reflect the attractiveness of the Turkish real estate market. Therefore, investing in Turkish real estate can
be seen as a promising opportunity for foreign investors seeking to diversify their investment portfolios and achieve good returns on investment