Iranian real estate investment in Turkey has been on the rise in recent years. This trend is driven by a variety of factors, including Turkey’s stable political and economic environment, the government’s incentives for foreign investors in the real estate market, the low cost of living in Turkey, and the cultural similarities between Iran and Turkey.
One of the main reasons for the increase in Iranian real estate investment in Turkey is the country’s stable political and economic environment. Turkey has a relatively stable government and a growing economy, which makes it an attractive destination for foreign investors. Additionally, the Turkish government has implemented various incentives for foreign investors in the real estate market, such as relaxed visa regulations and tax exemptions. These incentives have made it easier for Iranians to invest in Turkish real estate.
Another factor that has contributed to the increase in Iranian real estate investment in Turkey is the low cost of living in the country. The average price per square meter for an apartment in Istanbul is around $1,500, which is significantly lower than the average price in major cities such as London or New York. This makes Turkey an affordable destination for Iranians.
The cultural similarities between Iran and Turkey also make it an easy transition for Iranians to move to Turkey. The two countries share a common language, as well as cultural and historical ties. This cultural familiarity has made it more appealing for Iranians to invest in Turkish real estate.
One of the most popular destinations for Iranian real estate investment in Turkey is the Istanbul neighborhood of Beylikduzu. The district is well-connected by public transportation and has a variety of shopping centers, schools, and hospitals. Additionally, Beylikduzu’s proximity to Istanbul’s city center and its many amenities have made it an attractive destination for Iranians.
Finally, Turkey’s property market is currently experiencing a period of growth, making it an ideal time for Iranians to invest in Turkish real estate. This growth in the market has attracted more Iranians to invest in Turkish real estate.
In conclusion, Iranian real estate investment in Turkey has been on the rise in recent years due to the country’s stable political and economic environment, government incentives for foreign investors, low cost of living, cultural similarities and proximity to city center, amenities and growth in property market. The trend is expected to continue to grow in the coming years.