In our business as real estate agents, we are often asked about the cost of buying property in Turkey. It varies depending on what you want to buy and where. For all our clients, when they choose the home they want to buy, we provide a full payment plan of what costs are due, when to pay them and how much they are. The general rule is to budget around 8% of the purchase price to cover all one-off costs of buying Turkish real estate.
With the Turkish government lowering the minimum investment threshold for investors, it is now easier than ever before to get Turkish citizenship by investment. In this article, we will answer the question: how can I get Turkish citizenship? And what are the benefits of obtaining it through purchasing real estate in the country?
Citizens of just about every country in the world can buy property in Turkey. That includes buyers from the United Kingdom, Europe, the US and the Middle East. In fact, buying property in Turkey is out of bounds for the citizens of just five countries: Syria, Armenia, North Korea, Nigeria and Cuba. Everyone else, can buy a home with relative ease. Find out more in this blog.
With its fast-growing economy, young, educated and increasingly wealthy population, and its position at the crossroads of Europe and Asia, Turkey’s investment potential has long attracted foreign investment. Turkey’s investment landscape has changed a great deal over the last decade or so. The government has made investing attractive to foreign investors.
Anyone looking to buy property in Bursa is investing in one of Turkey’s hotspots. Ranking in the top five destinations of foreign house sales in Turkey, to get an idea of its popularity, in the first seven months of 2019, foreigners bought 1217 houses there. As each year goes by, and with increased interest in Turkey’s affordable prices, this figure looks set to grow.
If you want to buy property in Izmir, be assured you are on the right track to investing in one of Turkey’s most prominent cities. Sitting on the Aegean coast, Izmir has always been a leader, whether it is business, tourism, education, or the real estate market.
Istanbul's fortunes have always been closely tied to the waters that wrap around the two sides of the city. Today, it's no different. Seafront property in Istanbul will always exert a pull over buyers, both domestic and foreign. Explore some of the options on the market today, from the affordable to the opulent.
Seafront property in Istanbul. Rare as hen's teeth, and expensive, right? The first is correct, but the second isn't always the case. Property Turkey director Cameron Deggin walks us through some the last remaining seafront complexes in Istanbul. Ideal for investors and lifestyle buyers, these homes will offer a superb lifestyle while accumulating tidy capital gains.
Istanbul's shoreline is dotted with historic mansions. Yali, built during the Ottoman era, are sumptuous, imposing homes - with price tags to match. However, you don't need to spend millions to obtain seafront property in Istanbul. But your chances to do so are diminishing. Cameron Deggin takes us a tour to the last chance saloon.
The Turkish Lira has been on a turbulent ride the last few years, gripping Turks and emerging economies with a financial interest in the country, falling by 42% since the beginning of 2018 alone. What's happening to the Turkish Lira in 2019? We explore the reasons for the Lira crisis and what it means for investors 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.
Bomonti, Bostanci, Kadikoy and Eyup: to outsiders these Istanbul suburbs don't mean much. To us, however, they represent fortunes made - or lost - in Istanbul's fast-moving property market. Learn the kind of insider information that sets us apart from our competitors, and creates wealth and opportunity for our investors.
Investing in property will always be a head-over-heart purchase. However, that doesn't mean to say that buying a Turkey home as an investment is all about business: Cameron Deggin tells us the ins and outs of investing in a home on Turkey's south coast, versus opting to invest in Turkey's biggest city, Istanbul.
Knowing the basics of Turkish property law is essential for anyone thinking of buying a home in the country. This will help safeguard your interests, but also ensure that after you’ve chosen your new home, you can stay involved with the legal process of applying and signing for your title deeds. This blog answers all the questions you need to know before buying real estate in Turkey.
In Istanbul, there's sea views at every turn. The gleaming Bosphorus, the bustling Golden Horn waterway, the Marmara Shore and the Black Sea have long been a focus for day trippers, as have Istanbul sea view properties, which are highly sought after by investors and lifestyle buyers alike. Join us for a tour of Istanbul's best sea view properties.
Whether it is real estate or business, anyone looking to invest in Turkey will be pleasantly surprised with the massive range of opportunities available. Gone are the days when real estate purchases were haphazard and shrouded in confusion and legal loopholes. The days when foreign investors were second class to Turkish professionals have also been laid to rest. Turkey has revolutionised its foreign investor sector to become one of the most competitive markets in the world.
We get a lot of questions at Property Turkey, and perhaps the most common query is: how can I get everything I want in a lifestyle property, as well as ensuring a nest egg for the future? Our Istanbul expert Murad fields a question from Roberto, a potential buyer from Italy, looking for an investment property that's also ideal for a young family.
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.
As defined in their 2023 vision plan, Turkey has a goal to be one of the top performing economies in the world. Given that just 20 years ago, it was drastically underperforming, it is a big target to set. However, the Turkish government has a strategic game plan and they are the mega projects of Turkey, an impressive portfolio consisting of roughly 100 transport, energy and infrastructure endeavours, exceeding a construction cost of 100 billion USD.
Basin Ekspres property is no longer Istanbul’s best kept secret. The region on Istanbul’s European side has well and truly come into its own, with quality housing developments and improved infrastructure. We explain why real estate investors should look to Basin Ekspres in 2018 - which will mark the last year of incredible bargains to be found in the area.