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May 29, 2023 | Viewed: 682

Foreigners started buying apartments in Istanbul after the elections

The wave of foreign investment in Istanbul real estate and in general the real estate market in Istanbul began to grow after the 2023 elections and is an interesting phenomenon that deserves special attention.

The 2023 presidential election in Turkey was marked by the victory of Recep Tayyip Erdogan. The continuation of political reforms and the improvement of the economic situation in the country by the current president restored the growth of interest of foreign investors in the Turkish real estate market, which stagnated strongly in March 2023.

We also note the strengthening of relations between Turkey and Russia, which also plays an important role in increasing Turkey’s investment attractiveness.

Istanbul, an important commercial and cultural center with centuries-old traditions, attracts investors from all over the world. Apartments in Istanbul, especially in its historical part, are in high demand.

Real estate prices in Istanbul are rising, but remain affordable compared to other major cities in the world. Turkey’s policy of granting citizenship when buying real estate from $400,000 attracts foreign buyers.

Due to its unique cultural and historical heritage, Istanbul is also an attractive city for tourism. This is an additional bonus for investors who buy apartments for subsequent rental.

But despite all these advantages, buying a property in Turkey requires careful research and understanding of the local market. It is important to take into account various factors, including legal issues, economic stability and potential risks.

The growth of foreign investment in Istanbul after the 2023 elections is a vivid example of how political and economic changes can affect the dynamics of the real estate market. Istanbul remains an important hub for investors seeking to expand their portfolio and take advantage of the opportunities that this city offers.

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