In recent years, Istanbul has become a popular destination for real estate investors. With its booming economy, low taxes, and thriving culture, it’s no surprise that the city is quickly becoming one of the most sought-after places to invest in property. From high rental yields to increased capital appreciation, there are many benefits to investing in Istanbul real estate. Let’s take a closer look at what makes investing in turkey homes.
One of the major benefits of investing in Istanbul real estate is the fact that Turkey has some of the lowest taxes on property investment in Europe. There is no capital gains tax on residential properties and the transfer tax – which is paid when you buy and sell a property– is only 3%. This makes it an attractive option for those looking to make a profit from their investments.
High Rental Yields
Another benefit of investing in Istanbul real estate is that rental yields are very high compared to other cities in Europe. For example, rental yields in central locations such as Beyoglu or Kadikoy can reach up to 7% per annum, making it an ideal place for investors looking for consistent returns on their investments over time. Additionally, there are no restrictions on foreign ownership or renting out your property – meaning you can rent it out to anyone regardless of nationality.
Finally, investing in Istanbul real estate offers great potential for capital appreciation over time. Since 2012 the value of property prices have been steadily increasing each year – making it a safe bet for those looking to increase their wealth through long-term investments. Additionally, there are several government incentives available to investors who purchase properties with certain features such as energy efficiency or green spaces – making it even more attractive as an investment option.
Conclusion: Investing in Istanbul real estate offers plenty of benefits for those looking for reliable returns and potential capital appreciation over time. With low taxes and high rental yields combined with several government incentives available for certain types of properties – now is a great time to consider investing in this vibrant city! Whether you’re an experienced investor looking for long-term growth or someone just starting out – Istanbul has something to offer everyone! It’s definitely worth exploring further if you’re considering investing abroad!
investing in property in Istanbul can be an excellent opportunity for those looking for a secure financial move with potential long-term rewards. Not only does Turkey have a strong economy but it also offers high rental yields compared to other countries around the world. Plus, there are numerous opportunities for growth as population increases and tourism continues booming throughout Turkey and surrounding countries like Greece and Egypt. If you’re looking at putting your money into real estate investments, then consider exploring options available through properties located within this amazing city!