Land Investment in Turkey: Advantages, Profitability, and Much MoreSat, Nov 20, 2021 12:00 AM
Land investment in Turkey is one of the popular trends in many countries. Rapidly increasing real estate and land prices in Turkey attracts the attention of many investors. This is why we wanted to compile a detailed guide and provide answers to some of the most wondered questions here.
We would like to start by saying that real estate and land prices in Turkey increased by thirty percent only in the last year. This means that you could make a profit of thirty percent on average if you would buy real estate or land in Turkey a year ago.
This increasing trend has been continuing for almost five years and analysts believe that it will continue for a decade too. It is mainly because the Turkish government shifted to a different economic plan, and it has become very fruitful for many investors.
The government plans to decrease the labor cost to attract more direct foreign investment to the country. Some of the popular examples of this economic strategy are successfully implemented in Russia and China. These two countries have one of the most powerful economies in the world.
If you have missed your opportunity in Russia or China, then you may not want to miss your chance this time! Below, you can find detailed information about investing in Turkey.
Is Turkey Good for Property Investment?
Despite the Turkish Lira losing value every passing day, the Turkish economy is nourishing. This offers a great opportunity for foreign investors. In fact, this is the sole purpose of the Turkish government. Although investing in the country, especially in land or real estate, was more profitable in the previous years, you are still not late.
This trend will continue for about a decade, and you can easily multiply your investment in a few years. Besides the profit you can enjoy directly from the trading lands or real estate, you can also start a business on your land without additional taxes.
Without a doubt, it is a profitable business model for entrepreneurs who are looking for ways to create a side income. Considering that the Turkish Lira is losing value, but the real estate and land prices are indexed to the dollar, investing in a property is the best alternative for small and medium-sized investors.
What Is the Best Investment in Turkey?
There are a bunch of profitable investment alternatives in Turkey. However, land and real estate attract the most attention. It is mainly because they do not require any expertise and you literally have no chance to lose your capital.
The real estate and land prices are constantly increasing in Turkey. The country ranks number one in real estate or land price increases in the European Union for three years in a row. If you are not interested in running a business or economy, you can simply make money by buying and holding assets in the country.
Apart from the real estate or land opportunities, you can also make money from Borsa Istanbul, i.e., Istanbul Stock Exchange, IT and Technology field, agriculture, textile and clothing sector, and healthcare services.
What Is the Most Profitable Business in Turkey?
If you would like to benefit from the exchange difference and start a business in Turkey to export goods or services, this is the perfect time for it. This is especially true if you are interested in agriculture or willing to create a business in this sector.
Turkey has fertile lands, where you can grow literally everything. The country offers four seasons and agriculture is one of the most preferred industries in the country. Considering the value of the Turkish Lira, you can make plenty of investments, benefit from the cheap labor force and export your products to foreign countries.
In addition to this, the Turkish government offers plenty of incentives for foreign investors who invest in land. Besides amazing infrastructure, you can enjoy plenty of grants and support from the government. Moreover, if you purchase land worth $250,000, you can also apply for Turkish citizenship.
The country allows dual citizenship, which means that you do not have to give up your main citizenship but also enjoy all the benefits such as free healthcare and education in Turkey.
Is It Safe to Start a Business in Turkey?
The Turkish economy is constantly growing, and it is completely safe to start a business in Turkey. The crime rates are quite low, and the Turkish government offers plenty of incentives and grants to foreign investors.
Besides making money from your business, you can also make plenty of money as the price of your land increases throughout the years. So, when you decide to quit your operations in Turkey, you can sell all your assets and make plenty of money.
Thus, Turkey is one of the best countries to invest in in recent years. You can simply buy and sell real estate or lands or prefer to start a business on the lands you are going to buy. It is worth noting that there is a limitation in terms of the size of the land you can buy. However, current limitations allow you to build a few factories on your land.
What Are the Benefits of Investing in Land in Turkey?
Besides constantly increasing land and real estate prices, you can make money by operating a business in Turkey. However, this is only true if you are going to export your products. You can benefit from one of the cheapest yet quality workforce in Europe.
In addition to this, you can also be a Turkish citizen when you buy real estate or land worth $250,000 and promise to hold it for at least three years. Considering the value of the Turkish Lira and the strategic location of the country, you can make more money by starting a business and exporting goods to Europe or other continents.
In short, these years are the best years to invest in Turkey and make money in a short time. We do not talk about five or ten percent revenues but figures between thirty and fifty percent.