A Pocket Guide To Real Estate Investment In Sanliurfa
Sanliurfa is the eighth biggest city in Turkey. Sanliurfa was previously known by the names of Edessa and Urfa. Known as the capital of the Sanliurfa province, it can be found in the southeastern part of Turkey. It can be found very close to the Euphrates river. Urfa is the Turkish main centre for the production of footwear. The city has about 5,000 employees in various shoe-making companies. Popular Istanbul-based shoe retail company, FLO, have a factory in this region. By 2023, the company plans to employ about 20,000 people. It also plans to meet a yearly shoe production volume of 30 million pairs.
Buying real estate property in Sanliurfa
Sanliurfa is not your average real estate location when it comes to desirable investments in the region. In this part of Turkey, you will easily find hundreds of newly built luxury properties with upgraded and premium amenities. Sanliurfa is also a suitable location for lifestyle property buyers looking for budget options. In this part of Turkey, the average price of a square metre is about $535. You can also buy a house at an average cost of $67,736.
Invest in the Sanliurfa real estate market and instantly become a citizen.
One of the benefits of investing in the real estate market of Sanliurfa as a foreigner is that you are abler to get a second citizenship. Your entire family will become citizens of Turkey. The country usually gives its citizenship to foreigners that have invested in the country’s real estate market. To be eligible for this, you will have to spend a minimum of $450,000 on property in the country. When buying property in Sanliurfa, there are various available types of properties. This eastern city in Turkey is home to some of the best properties that are suitable for investment. You can easily shop for various plots of land, private villas, luxury apartments, budget apartments, student housing, hotels, industrial facilities, commercial spaces, off-plan developments, and so on.
Make your entire family Turkish citizens.
When you decide to invest in one of the various proprieties that are present in Sanliurfa, your entire family can become Turkish citizens. This means that as an investor, your entire family can take part in the citizenship program of Turkey. This means that your spouse and any children under 18 years old can become citizens of the country. In addition, the investor can also add any adult children or their parents if the investor is financially responsible for them.
Getting real estate income after investing in Sanliurfa
When you buy one of the hot properties on sale in Sanliurfa, you are liable to get additional income. The real estate rental business in Turkey is one of the most lucrative in Europe. Turkey is a very popular destination when it comes to tourism and holidays. In the first 6 months of 2022, there were about 30 million visitors to the country alone. These visitors usually have nowhere to stay. This means that they will have to look for apartments and houses to rent. Apartments, hotels, and houses are some of the best money-spinners in the Turkish rental business. You can make as much as %15 per annum as rental income.
The hottest locations to buy real estate in Sanliurfa
Sanliurfa is home to many hot real estate locations, but a select few areas trump the others. The hottest locations in Sanliurfa are:
The Karsiyaka neighbourhood with property prices beginning from $400 for each square metre.
The Esentepe neighbourhood with property prices starting at $520 per square metre.
The Cankaya neighbourhood with property prices starting at $330 per square metre.
The Akpiyar neighbourhood with property prices beginning at $320 per square
Some of the major attractions of Sanliurfa include: