Assessing the Turkish Real Estate Market—Is There Still Opportunity?

Posted on May 28, 2024December 15, 2024 by mabasian

Assessing the Turkish Real Estate Market—Is There Still Opportunity?

May 28, 2024

Delve into the current state of the Turkish real estate market with Altay Atasay. Despite economic challenges, there remain lucrative opportunities for savvy investors. Understand the dynamics at play, from rising housing costs and construction expenses to fluctuating rental markets, and how these factors can be navigated to capitalize on potential investment returns.

Current Challenges in the Turkish Real Estate Market

The Turkish property market faces significant challenges, including high housing prices and rental rates, spurred by increased interest rates and inflation, which have diminished real household incomes. Although nominal housing prices are rising, the real cost of property is effectively falling behind inflation rates, suggesting a decrease in real housing prices.

Opportunities Amid Economic Fluctuations

Recent months have seen rising construction costs due to the depreciation of the Turkish Lira against the US dollar, potentially leading to supply constraints. However, if demand for housing increases and interest rates are lowered to stimulate economic growth, it could alleviate the current market stagnation.

Economically, many are unable to afford home purchases, thus boosting demand for rentals and dramatically increasing rental costs. This scenario presents an opportunity for cash investors to acquire properties to rent out at profitable rates.

Market Insights and Investment Potential

Market experts note that previously, the ratio between the selling price and rental income in Istanbul and other parts of Turkey averaged around 300 times the monthly rent. Now, due to the sharp increase in rental rates, this ratio has shifted to between 200 and 250, suggesting that the payback period on investment through rental income has decreased from about 25 years to approximately 19-20 years. This indicates that the Turkish real estate market still holds appeal for foreign buyers.

With Altay Atasay, investors can navigate these complexities, leveraging deep market insights and strategic advice to make informed decisions that capitalize on the evolving Turkish real estate landscape.

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Altay Atasay: The Evolution of Turkish Citizenship Through Real Estate Investment

Posted on May 13, 2024May 13, 2024 by mabasian

Altay Atasay: The Evolution of Turkish Citizenship Through Real Estate Investment

May 13, 2024

Explore the transformative journey of Turkish citizenship policies through real estate investment, from their inception to the present day. With Altay Atasay’s expertise, navigate the lucrative opportunities that Turkey’s evolving real estate market offers to foreign investors seeking both valuable assets and a pathway to citizenship.

Historical Shifts in Turkish Real Estate and Citizenship Laws

The Turkish real estate market opened to foreign buyers in 2002 under Prime Minister Erdogan, initially with certain restrictions that evolved significantly over the years. Initially, property purchases were limited to citizens from countries with reciprocal rights and confined to specific regions. By 2012, the reciprocity requirement was abolished, dramatically broadening the potential investor base, including citizens from China, Russia, India, and the Persian Gulf countries.

2017: A Milestone Year for Citizenship by Investment

In January 2017, as Erdogan prepared for a referendum to shift from a parliamentary to a presidential system, Turkey introduced citizenship by investment (CBI) with a minimum property investment of one million dollars. This initiative included several incentives, such as reduced property transfer costs and VAT exemptions for non-resident buyers, to attract foreign capital.

The Rise of Accessible Citizenship Options

September 2018 marked another significant liberalization, with the required investment threshold lowered from one million to $250,000. This policy adjustment made Turkish citizenship far more accessible to a broader array of investors and was complemented by options such as a fixed capital investment of $500,000 or depositing the same amount in a Turkish bank for three years.

2022 Onwards: Adjusting to Market Dynamics

By June 2022, the threshold for obtaining citizenship through property investment was raised to $400,000 in response to heightened foreign interest in the Turkish real estate market. This adjustment reflects the country’s strategic approach to balancing investor influx with economic stability.

With Altay Atasay, investors are well-equipped to leverage these opportunities, ensuring compliance with legal standards and maximizing the benefits of their investment in Turkish real estate.

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Altay Atasay: Accessing Turkish Healthcare as a Foreign Investor

Posted on April 28, 2024April 28, 2024 by mabasian

Altay Atasay: Accessing Turkish Healthcare as a Foreign Investor

April 28, 2024

Discover how to leverage Turkey’s robust healthcare system as a foreign investor, not only for personal health benefits but also as a strategic component of real estate investment. With Altay Atasay’s expert guidance, navigate the health services landscape and real estate opportunities seamlessly, enhancing both your well-being and investment portfolio in Turkey.

Integrating Healthcare into Your Investment Strategy

Turkey offers exceptional healthcare services to all residents, underpinned by the General Health Insurance (GSS) system. As a foreigner, accessing these services involves certain prerequisites such as residing in Turkey for more than a year without prior health insurance abroad. Altay Atasay assists clients in meeting these requirements efficiently, ensuring they can enjoy the full benefits of Turkey’s healthcare services shortly after settling in.

Real Estate Near Healthcare Facilities: A Wise Choice

For investors, purchasing property near major healthcare facilities can be a prudent decision, enhancing the property’s appeal to a broader range of tenants and buyers, including local residents, expatriates, and medical tourists. Properties in proximity to hospitals and clinics often command higher rental yields and appreciate faster in value due to the constant demand.

Why Choose Turkey for Health and Investment?

Turkey’s strategic geographic location, with its moderate climate and high-quality, affordable healthcare services, makes it an attractive destination for living and investing. The country’s healthcare system is comparable to many Western countries but at a fraction of the cost, offering sophisticated treatments and state-of-the-art facilities.

With Altay Atasay, ensure your move to Turkey is fruitful, utilizing the healthcare benefits as a pivotal aspect of your real estate investment strategy.

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Altay Atasay: Integrating Healthcare and Real Estate Investments in Turkey

Posted on April 28, 2024April 28, 2024 by mabasian

Altay Atasay: Integrating Healthcare and Real Estate Investments in Turkey

April 28, 2024

Explore the thriving healthcare system in Turkey, renowned for its high-quality services and accessibility, through the lens of real estate investment opportunities. With Altay Atasay’s expertise, investors can leverage Turkey’s healthcare excellence to enhance their real estate ventures, particularly in Istanbul, where modern healthcare facilities contribute to the city’s appeal as a top destination for both medical tourism and residential living.

Turkey's Healthcare Excellence: A Magnet for Real Estate Investment

Turkey’s healthcare system is characterized by a blend of public and private services that are accessible and efficient, attracting not only locals but also international visitors for medical treatments. The country has made significant advancements in fields like cardiology, ophthalmology, and cosmetic surgery, increasing its appeal as a medical tourism hub.

Altay Atasay assists clients in understanding how Turkey’s healthcare infrastructure can be a critical factor in making informed real estate investment decisions. Properties near major hospitals and clinics offer increased rental and capital appreciation potential due to the constant demand from healthcare professionals and patients seeking convenient accommodations.

Real Estate Opportunities in the Heart of Healthcare Innovation

Istanbul, a city at the crossroads of the world, boasts an array of real estate opportunities near state-of-the-art medical facilities. This proximity to top-tier healthcare adds a premium to property values and attracts a steady stream of medical professionals and patients, ensuring robust rental yields and high occupancy rates.

With Altay Atasay, investors can find properties that not only meet their lifestyle needs but also position them strategically within walking distance or a short commute to leading hospitals and medical centers, enhancing the attractiveness and profitability of their investments.

The Synergy Between Healthcare and Real Estate Growth

The synergy between Turkey’s healthcare advancements and real estate development creates a compelling case for investment. Altay Atasay provides expert guidance on navigating this niche market, helping clients capitalize on the intersections of health services accessibility and real estate development.

Whether it’s for personal use or as a savvy investment strategy, understanding the dynamics between healthcare facilities and real estate offers a dual benefit—improved well-being and significant financial returns.

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Altay Atasay: Navigating Long-Term Residency and Real Estate in Istanbul

Posted on April 6, 2024April 6, 2024 by mabasian

Altay Atasay: Navigating Long-Term Residency and Real Estate in Istanbul

April 6, 2024

Embark on a journey towards securing a long-term residency in Istanbul, where the historic charm meets modern-day investment opportunities. With Altay Atasay’s expertise, navigating the path to long-term residency becomes seamless, opening doors to the bustling real estate market of Istanbul, a city that seamlessly blends its rich heritage with contemporary living.

Long-Term Residency: A Gateway to Istanbul's Opportunities

Qualifying for a long-term residency in Turkey involves a continuous stay of at least eight years, along with financial independence and a clean criminal record. This status grants rights similar to Turkish citizens, excluding voting, military service, and certain public sector jobs, providing a stable foundation for both living and investing in Turkey.

Altay Atasay guides clients through the intricate process, ensuring all requirements are met, from document preparation to application submission. The firm’s comprehensive approach ensures that clients not only achieve long-term residency but also explore the real estate market with confidence.

Real Estate Investment with a Long-Term Perspective

Istanbul’s real estate market offers a diverse range of opportunities, from historical properties to modern developments. Long-term residency holders have the advantage of exploring these options without the time constraints faced by short-term residents, making strategic investments that align with their long-term goals in Turkey.

Istanbul: A Blend of Tradition and Investment Potential

Istanbul stands as a testament to Turkey’s rich history and its future as an investment hub. With Altay Atasay, individuals looking to secure long-term residency are positioned to take full advantage of the real estate opportunities this unique city has to offer, enriching their lives and investment portfolios.

Whether it’s for the serene views of the Bosphorus or the vibrant life of the city’s cosmopolitan districts, Altay Atasay ensures your transition into long-term residency and real estate investment in Istanbul is as rewarding as the city itself.

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