Istanbul is a unique destination for tourists. Istanbul and the growth that it is experiencing in terms of infrastructure and massive real estate developments made it the center of world’s attention , both from Arabs and foreigners who want to visit to invest and buy real estate, regardless of whether it’s to profit from the return on investment of the property or simply to live in the city of Istanbul.
Here we will highlight the top benefits you can get when you purchase a property in Istanbul.
Suitable real estate prices:
In comparison to the prices of real estate in other developed European countries like Britain, France and Spain The real estate market in Istanbul is regarded as the most affordable in terms of value, and has advantages that are comparable to those of other countries. The variety of real estate options and its prices ranging from inexpensive to costly offered an excellent level of comfort and a variety of options. for the buyer.
Exemption from inheritance tax:
The Turkish state exempted children of foreign deceased from taxation on inheritances of the inheritance property, in contrast to other European countries that charge taxes on the inheritance of property owned by foreigners that can be as high as 20 percent of the value of the property owned by a foreign country like Britain.
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Diverse real estate investment strategies:
The property located in Istanbul is located, Istanbul offers a certain opportunity to earn a profit, either through renting it out during tourist season or by making changes to it and then reselling it at a greater price or relying on it to be a place to conduct your job, commercial or office activities.
Living costs are low in Istanbul:
Despite the beauty and charm of Istanbul that is comparable with the other European cities, and its robust infrastructure and accessibility to numerous services, the cost of living there is more expensive than other cities in regards to food, drinks, gas, water and fuel, as well as other essentials of life .
The bright future of the real property marketplace in Istanbul:
Recent studies have revealed that the Turkish real estate market was in an upper position in the third largest real estate market in the globe, behind China as well as the United States of America, which suggests the enthralling future of this market of Turkey generally and Istanbul specifically.
The property is fully owned by the owner:
No matter what kind of property and regardless of the number of properties you have you are able to dispose of them and sell them at any time you wish, completely free of charge.
Obtaining real estate residency:
If you own a home in Istanbul it is possible to obtain an official residence permit for real estate and renew it for so long as the property remains under your control.
The process of obtaining Turkish citizenship through investing in real estate:
This is in accordance with special conditions which require that the value of the property must be greater than $250 000 US dollars. If you are granted Turkish citizenship, then you are able to get the Turkish passport too.
Access to Istanbul:
Istanbul has three airports international (Ataturk International Airport, Sabiha Gokcen International Airport, New Istanbul Airport) which offer international flights round all hours of the day, without a break.
The network of transportation that is advanced:
The neighborhoods and areas of Istanbul are connected to one with other areas and cities in Turkey through an organized transportation system that makes travel between them a breeze via metro or buses that travel within the city. …..
The unique climate of Istanbul:
The city of Istanbul has a beautiful weather in winter and summer free of cold, heat and storms, it’s additionally characterized by beautiful landscape and picturesque views that provide peace and relaxation far from the bustle and noise in the bustle of Istanbul.
Ancient Civilization:
The history of Istanbul isn’t the result of the last few decades it is actually a relic dating back centuries of time, when various civilizations merged among the Roman civilization, and later the Ottoman civilization that then led to the creation in the present Turkish state. This brought about Istanbul the city of Istanbul an impressive cultural diversity , which reflected positively on the nature that is the structure of Turkish society.
Facilities for service:
Istanbul is a city that Istanbul has a wide array of service facilities. Universities and schools were constructed which provided the latest technology as well as made them accessible to all as well as churches were built like mosques and churches as well as public parks inaugurated along with a variety of other services were provided.