What makes Turkish properties irresistible to international investors? The answer is clear. Overseas buyers and entrepreneurs seek capital preservation and asset diversification. Turkish real estate has a history of consistent price growth, offering a secure investment environment. Additionally, prices for properties in Turkey are attractive due to the country’s late entry into the global real estate market.
At International Wealth, we recommend safeguarding your savings by investing in the De Luxe Mersin peninsula. This investment grants you the right to develop residential and commercial real estate on your property, with a price tag starting at EUR 20,000,000.
Advantages of Investing in Turkish Lands: Unique Asset Dynamics
Land plots, especially those for construction, enjoy stable demand in Turkey. Tourism, a key contributor to the country’s GDP, fuels this demand. In 2019, the tourist industry generated USD 34 billion, with foreign tourist numbers reaching 51.7 million. The scarcity of hotel rooms in popular tourist areas makes real estate investments profitable, prompting the reclassification of agricultural land into construction zones, accessible to foreign buyers with the required documentation.
Interestingly, owning land in Turkey does not entail ongoing expenses. While villas, apartments, and commercial properties demand upkeep, land ownership requires no additional investment.
Here are the advantages of owning land plots in Turkey:
- According to the World Bank, Turkey ranks 33rd globally in ease of doing business, a significant improvement from its 2020 position of 46.
- With a focus on tourism, Turkey continually develops new infrastructure and maintains existing facilities.
- The country’s pro-reform environment prioritizes citizens’ safety, social security, and foreign direct investment (FDI) protection.
- Turkey, home to numerous high-level educational institutions, boasts a skilled and qualified labor force.
- Ongoing efforts to combat bureaucracy have streamlined company incorporation and business processes, allowing to set up a remote company in 2-5 working days.
Foreign Investment in the Exclusive Mersin Land Plot: A Gateway to Profitable Ventures
The Mersin peninsula offers 125,000 square meters of vacant land with building permits, available for EUR 20,000,000. Investors daring enough to build a 5-star hotel or apartment complex can reap profits or resell the land when its value increases.
Key Characteristics of Mersin Peninsula:
- Status: Ready for sale
- Area: 125,000 sq. meters
- Market: Primary
- Type: De Luxe land plots
- Distance to the sea: 0 meters
- Sea view: Available
- Distance to Adana International Airport: 130 km
- Distance to Tarsus International Airport (under construction): 100 km
Investing in Mersin provides numerous benefits. Unlike Antalya, it lacks spacious 5-star hotels, making a new all-inclusive hotel a year-round profitable venture. The spa town’s popularity among foreign tourists adds to the appeal.
Factors Enhancing Turkey’s Appeal for Investors
Several factors contribute to Turkey’s attractiveness to investors:
- Rapid construction pace, driven by the industry’s development, creates a significant demand for vacant lands.
- High liquidity ensures a smooth sale process, particularly when capitalizing on rising land prices.
- Ideal for personal construction projects, investors can initiate unique tourist facilities, apartment complexes, or hotel constructions.
- A high-yielding investment area offering foreign investors an effective tool for capital preservation and growth.
- Developed properties provide stable rental income or income from servicing tourists in hotels.
Investors can unleash their creativity in Turkey. The Mersin peninsula, priced at EUR 20,000,000, offers an expansive landscape with sea access and a large beach. The land plot may become a canvas for establishing a unique venue: a yacht club, a private recreation area, a swimming pool, or an adventure tourism area.
Turkish Regulatory Framework for Real Estate Investments
Foreign investors aiming to purchase land plots in Turkey should familiarize themselves with the country’s legal framework:
- Non-resident legal and natural persons can purchase land plots up to 30 hectares.
- Land plots can be registered under corporate, severalty, or joint ownership.
- All real estate in Turkey can be inherited, regardless of the heir’s citizenship.
- Land sale and purchase transactions can be conducted remotely in 2 or 3 days, facilitated by a Power of Attorney issued to an attorney or agent in Turkey.
- No additional obligations are imposed post-purchase, provided there is no intention to develop the land plot.
Turkish real estate is one of the profitable options for long-term asset protection. Many international entrepreneurs have safeguarded their capital from depreciation by purchasing land plots in Turkey.
Investing in Turkish Real Estate: Acquiring the Exclusive Mersin Peninsula
Non-resident investors should seek guidance from experienced lawyers before venturing into Turkish real estate. International Wealth’s experts, reachable at info@internationalwealth.info or through online chat, offer professional legal assistance.
For those eyeing the comfortably located Mersin peninsula, essential details include:
- Payment Process: Transactions are facilitated by transferring funds from a Turkish bank account. Opening a Turkish bank account and depositing the necessary amount is a prerequisite.
- Turkish Identification Number (TIN): Obtaining a TIN in Turkey is essential for purchasing land, a service provided by International Wealth.
- Document Requirements: For a peninsula exceeding EUR 20,000,000, necessary documents include corporate buyer details, a certificate of incorporation, ownership information, a letter of intent, the TIN, and a bank letter confirming solvency.
- Land Title Acquisition: The process takes 2 or 3 days, with online procedures eliminating the need for a personal visit.
Foreign investors can become property owners in Turkey without additional expenses or management hiring. Building a unique project or hotel by Mersin becomes seamless with a land plot offering panoramic views, direct sea access, and multiple beach attractions. International Wealth ensures continuous legal support throughout the cooperation stages, with the peninsula priced at EUR 20,000,000.
Conclusion: A Gateway to Investment Success
To sum up, real estate investment in Turkey, especially through exclusive ownership of the Mersin peninsula, offers lucrative financial prospects for global investors. With meticulous planning, strategic investments, and legal guidance from experts, foreign investors can secure a piece of paradise, safeguard their capital, and reap the rewards of a resilient and high-yielding asset. The International Wealth expert team stands ready to facilitate this journey, providing unmatched legal support and guidance at every step.