The devastating Izmir earthquake that claimed 116 lives has started a conversation. We were approached by many of our clients following this event, all asking the same question: how much risk am I from an earthquake in Turkey? Property Turkey director Cameron Deggin answers some of your questions.
Many people have written 2020 off as a year to forget. But for Property Turkey, it's been one to remember. Enquiries have never been greater, and the market has seldom been as buoyant. Senior investment consultant at the company explains why the time is right to buy - and why waiting could see you priced out of the market.
Summer’s here and buying season has begun. Now’s the time to start doing your homework ahead of heading off on a property inspection trip to buy your dream home in Turkey. If you’re a prospective first-time Turkish property buyer you’ll love these tips, which cover everything from deciding what you want to buy to avoiding property scams, giving you peace of mind to enjoy your new life abroad in the sun.
If you are researching the easiest countries to buy property abroad, put Turkey on your list, of places to invest in. This vast country covering more than 783,000 square kilometres is the world’s 37th biggest and now, is attracting real estate investors and holiday homes buyers for many reasons, of which the simplicity is one.
Customers often ask us if Turkey is the cheapest place to buy property? So, in an endeavour to find out the answer, we went on a search of official housing prices across the world. But before, we reveal what we found; it is crucial that if you want to buy a home overseas, consider other factors rather than just price.
Many people, when researching the cost of property in Turkey vs Spain, struggle to find a definite answer. Both are vast countries, and the old-fashioned saying that location matters is real. For example, the price of a new, two-bedroom apartment with on-site communal swimming pool in Mahmutlar, Alanya, Turkey will not even get you a studio in Istanbul city centre.
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?
Spain and Turkey have many similarities. They’re both large countries with diverse landscapes and temperatures and an eclectic cultural mix. They’re both holiday favourites - thanks to the favourable summer heat and the many miles of beautiful coastline. But after that, the similarities grind to a halt. We outline some of the key differences - and why we believe Turkey is still the best bet.
For international property investment, the Turkish real estate market is awash with opportunities. Nationalities of buyers included Iraqis, Iranians, Russians, Brits, Germans, and other European and Asian people. So, as you can see, Turkey delivers the goods, whether this is the Turkish Citizenship by investment scheme or capital appreciation potential.
Capital gains are the all-important measure of your property investment success. But what are they? And is obtaining capital gains as simple as buying a property in Istanbul and hoping for the best? The short answer, explains Cameron Deggin, is no. Find out how to ensure your investment is a success by exploring a few dos and don'ts of investing in Istanbul.
The shift from the high street to online retail has been swift, with many casualties. One of these is commercial real estate. One an attractive proposition for investors, earning money from the commercial property sector is vanishingly rare, thanks to the decline of high street shopping, explains Cameron Deggin.
If something appears 'too good to be true', a general rule of thumb suggests that it just might be too good to be true - this has been the case over the years with some frightening stories of people thinking they have found their dream property in Turkey, only later finding out they have been the victim of a scam by trying to cut corners or trusting in people who they shouldn't have. If you delve a little deeper, you will see that most of the scams could have been avoided if a few simple steps had been adhered to - we give you our top advice on how to avoid being scammed in Turkey.
With its growing economy, stable political landscape and strategic location at the crossroads of Asia and Europe, Turkey's favourable investment landscape is attracting more and more foreign investors.
When deciding the best place to buy a holiday home abroad, you have plenty of choices. From sunny resorts of Spain to Portugal's cities, or French villages in among scenic landscapes. Over the last ten years, though, increasingly people have turned to Turkey for that summer home near the beach. In specific the Mediterranean and Aegean coasts in places like Bodrum, Fethiye and Antalya.
Istanbul’s iconic status makes it a high rolling global metropolis. Ranking alongside the likes of Rome, Milan, Paris and New York, its title as Turkey’s most significant and busiest city sees millions of tourists descend on it every year. Its vibrant history has a notorious reputation, and while these days are more peaceful, it is still a bustling hub of tourism business, educations, arts, culture, fashion and food.
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.