In the constant endeavor of the Turkish government to rebuild new cities and achieve a huge urban development, in which construction companies have been obligated to take into account accurate standards in order to reach real estate projects with the advantages of modern technology, which is the smart home.
And incentive benefits that have been credited with accelerating the pace of real estate investment.
In plans that sought to rebuild more than 7.5 million homes in Turkey as an initial stage until 2023, then about 18 million homes in Turkey will be rehabilitated during subsequent periods.
The goal of this huge urban development is summarized in the following points:
▪️ Building millions of new housing units within modern complexes, serviced with the finest services, and transforming them into modern and upscale neighborhoods.
▪️ Increasing the attraction of foreign investments to the real estate market in Turkey through a group of government facilities and exemptions provided by Turkey to foreign investors who wish to own real estate.
▪️ Benefit from infrastructure development plans such as highways, bridges, airports, modern transportation lines and stations, “metro lines”.
▪️ Securing a strong and remarkable presence of Turkish real estate at international real estate exhibitions.
▪️ Contribute to supporting the Turkish economy
Contribute to supporting Vision 2023, especially with regard to urban development and real estate development in Turkey
▪️ Contribute to improving the designs and numbers of shops and companies in Turkey.
▪️ Keeping pace with the country’s tourism development plans
⭕ The real estate sector in Turkey has benefited greatly from the urban development plans, with profitable returns expected to total up to 500 billion US dollars. Thanks to the new projects in Turkey and the remarkable urban development in it, Turkey was classified in 2017 as one of the top ten countries preferred by foreigners to buy Real estate in Turkey, and this bodes well for more profits for the real estate sector in Turkey.