Foreigners looking for the best place to buy property in Turkey are entering a healthy market with many destinations offering a full portfolio of off-plan, new build and resale apartments and villas for sale. Mass availability is driving Turkey’s real estate market, and buyers have many advantages to tap into and use. You have much potential for a profitable investment and here are the best places to buy in Turkey today.
Invest in Turkey
Since 2002, Turkey’s real estate market has grown in popularity with foreigners who either seek a life in the sun or want an alternative method to build their investment portfolio. At the moment, while other industries struggle through current economic woes, the foreign housing market is at an all-time high. In September 2018, foreign property sales increased by a staggering 151 year on year.
The Turkish government has announced it's opening a series of offices aimed at helping people invest in Turkey to gain citizenship, obtain residence visas and more. It's the latest in a line of measures aimed at increasing foreign direct investment and boosting the lira, which has lost almost half its value against the dollar this year.
Certain business sectors in Turkey are firing on all cylinders. Attracting attention from global investors, entrepreneurs and savvy business executives, the supercharged industries matter for one reason. They are all contributing towards Turkey’s 2023 vision plan to be a top ten economy of the world. So, which Turkish industries are significantly contributing towards changing the face of the country?
Bitcoin is taking over the world. Since its 2009 inception, the cryptocurrency has grown in value and popularity so that now it can be used to purchase anything from food to flights. Always eager to embrace new technologies, Property Turkey now offers a selection of properties available for purchase with Bitcoin. Director Cameron Deggin explains why the company is embracing Bitcoin.
A year or so of poor performance for the Turkish Lira saw the currency become one of the most talked about on the planet - for all the wrong reasons. But in a remarkable reversal of fortunes, the rebounding lira is now opening up a world of opportunity for investors with a 15% gain against the Dollar this year. With analysts saying the only way is up, the lira potentially offers some of the highest returns of any currency in the world.
Investment in Turkey's hotel industry is on the up - despite two less-than-stellar years of tourism. We explore Turkey's different tourist sectors and discover how hoteliers are diversifying their chances of gaining tourist income, as well as letting you in on the most favourable places to invest in a Turkish hotel.
Citizenship is on offer for foreign first-time buyers investing in Turkish property. But how do you actually obtain citizenship? Which properties are eligible? Should you opt for commercial over residential property? We explain the ins and outs of what we know of the new law and explain the best options for anyone seeking the investment route to Turkish citizenship.
Off-plan property in Turkey offers some of the most lucrative investment opportunities in the country - especially in Istanbul, where buyers can make up to 35% in gains between pre-launch and completion. But is it safe to buy off-plan property in Turkey? What are the pitfalls, and do they outweigh the advantages?
In a bid to increase numbers of property sales to foreigners, the Turkish government is set to pass a law that will grant overseas buyers citizenship when they purchase a property valued at more than 250,000 USD. The offer will appeal to buyers from the Middle East and Europe seeking not only excellent return on their investment, but access to a large regional hub with favourable tax laws.
Property investment in Turkey is up by 70% since 2013, a testament to the country's strong economy and the relaxing of property-buying laws. With the rise in investment there's been a corresponding uptick in the number of buy-to-let investors, keen to capitalise on the country's, dynamic young population of renters and the steadily rising tourist numbers.
As a tourist destination, Antalya has it all: beaches, historical sites, culture, world-class restaurants and a charming city centre. But did you know it's also second only to Istanbul in terms of investment? Capital gains in Antalya are extremely favourable. Add steady rental income to the mix and you'll understand why investors are flocking to Turkey's largest Mediterranean city. Discover a few other reasons Antalya is such a good investment destination.