Turkish current real estate market trends:

In the current Turkish real estate market, there are distinct trends that cater to both local and international buyers. For local buyers, there is an increasing focus on newly developed residential projects in urban centers, offering modern amenities and lifestyle amenities, especially in major cities like Istanbul, where residential complexes Modern and mixed-use developments are on the rise. Government incentives, such as reduced VAT on property purchases, aim to stimulate local demand, especially among first-time buyers. International buyers, on the other hand, are increasingly drawn to Turkey due to its favorable citizenship-by-investment program and affordable property prices. Coastal regions like Antalya and Bodrum remain attractive for foreigners seeking second homes and holiday properties, while Istanbul continues to be a hub for real estate investment. Eco-friendly and energy-efficient developments are also gaining momentum, appealing to both local and international buyers who prioritize sustainable living. The Turkish real estate market offers a range of opportunities to meet the unique preferences and goals of both local and international investors. Turkey offers an enticing international buyer program known as the Turkish Citizenship by Investment Program, which has gained popularity among foreign investors seeking a second home or citizenship in a vibrant and culturally rich country. To qualify for Turkish citizenship through real estate investment, international buyers must make a minimum property investment of $250,000 in Turkey. This investment can be in the form of residential or commercial properties, providing flexibility for investors.