A rising number of people from various countries from around the world have decided to move to Turkey for starting their new lives, working or even in order to find peace of mind for their retirements.
From flats in urban centres to villas in suburbs, there are several options to choose from when looking for housing in Turkey. Major metropolitan areas have the most modern and complete environment for an extravagant life in the city, where luxurious residence complexes offer all the daily comforts such as private security, kindergartens, sports centres, social facilities, parking lots and shopping malls for their residents.
In addition, for recent years new legal arrangements have been made to remove the restriction on foreign investment. The introduction of the Mortgage Law in 2007 enabled easier financing and took the Turkish realty sector to new levels. Also Land Registry Law in 2012 removed the reciprocity principle and has allowed many nationalities the opportunity to get real estate for the first time in Turkey.
Turkey has a rising importance on the world finance centre. Istanbul where the financial capital of the country with its rich and active economy has become a ‘World Finance Centre’ with the mega projects like Istanbul Finance Centre and the 3rd bridge and airport projects.
The country’s banking industry showed remarkable strength to the effects of the global financial crisis without any government backing, and Turkish banks are now regarded as the soundest in Europe. With service quality matching and exceeding international standards, Turkish banks are widely acclaimed as being fast integrators of technology into their services.
In addition, a wide range of insurance services and products are available for both individuals and corporations with very competitive premium rates.
The rising real estate sector in Istanbul with the state’s transportation investments, urban transformation and branded projects, will also continue to be attraction centre for foreign investors.