If you are considering reasons to buy property in Turkey, you have come to the right place. With inside knowledge of real estate markets in Turkey and property prices, we have helped many foreign buyers become proud owners. Before we start, though, we would like to put one myth to rest. You do not have to buy property in Turkey to get a residence permit. Many expats live in Turkey and rent.
Many people want to know how to obtain Turkish Citizenship, and the lure is easy to understand. In the last 20 years, Turkey implemented many chances via investment to boost its international reputation. These all stemmed from the country’s 2023 vision program, implemented to transform the economy, the housing market, investment business sectors, healthcare, and general standard of living.
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.
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.
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.
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.
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.
Continue with Google
