“10 Reasons to Buy Real Estate in Turkey”
1. Strong Economy and Reasonable Real Estate Prices
Is it an extremely expensive business to buy a property in London from Istanbul? The farther you get from the busiest in Turkey, the cheaper it is today. Property prices in Antalya start at 30,000 Euros, which are potential offers to secure long-term profits. Converted currency to earn money from buying Turkish Lira can be bought from an ideal budget to buy more.
2: Wide Portfolio Range
In the last 10 years, the Turkish real estate market has greatly expanded its portfolio of studios, apartments and villas. Unlimited options are available for those looking for a second-hand, project or new construction home.
3. Easy Purchasing Processes
10 years ago, buying a property in Turkey was a long process of waiting for title deeds. However, the process can be completed in less than a week, as the Turkish Government has made the process much easier. However, if you are not familiar with the real estate buying process in Turkey, we recommend that you work with a professional and reliable company.
4: Advantageous Payment Terms
The Turkish real estate sector is investor-friendly as it offers a wide range of real estate suitable for all budgets with easy payment terms. You can consider buying a property in Turkey for a profitable investment with affordable prices.
If you are in the project phase or want to buy a newly built house, you can also take advantage of the installment payment plans ranging from 6 to 60 months. In some cases, this means you have about 5 years to pay for your house, but you can move out and sign the deed earlier. For first-time real estate buyers, this option is a great opportunity with a zero interest rate.
5. Low Cost of Living
Wherever you are considering buying property in the world, cost of living is an important factor in helping you decide. Considering the living conditions in Turkey, those who see that it is possible to reach high living standards at affordable prices may be surprised. We sampled the comparative data to give you an idea;
• The cost of living in Turkey is 59.36% lower than the United States average.
• Rent in Turkey is 87.04% lower than the United States average.
• UK Restaurant Prices are 300.59% higher than in Turkey.
• Market prices in Germany are 120.64% higher than in Turkey.
• Finnish Consumer Prices are 171.09% higher than in Turkey (excluding rent).
6: Easy Access
8 Reasons to Buy Real Estate from Turkey
Turkey, with its unique geographical location in Asia and Europe, attracts the attention of foreign investors, especially since it offers easy access to their own countries. In addition, Turkey has a wide transportation network that offers various ways of comfortable and low-cost travel such as airlines and ships.
The Government of Turkey has invested in airports in the country, enabling airlines such as Turkish Airlines to offer frequent flyer programs all year round. There are ferry services to all Greek Islands during the summer months. Turkey has also invested in the improvement of its highways to make road transport faster than ever before.
These regulations are very important for investors who want to buy property in another country. It facilitates the purchase of property for investors by providing great comfort both in domestic and international travels. If you have a problem with your property, you can easily reach your property and take a quick trip to Turkey without wasting too much time on the road.
7: Intensity of Interests and Activities
One of the relatively less mentioned but still important reasons to buy a property in Turkey is interests and activities to do. While all residents in major cities have access to culture and arts scenes, living by the sea in seaside resorts in the Aegean and Mediterranean has great benefits, as much of daily life takes place outdoors.
Ski resorts scattered all over the country and some regions such as Belek in Antalya have earned a reputation as a hot golf destination. Finally, it is necessary to consider the favorable climate of the country for summer evenings for outdoor dining and for days spent by the pool.
8 Reasons to Buy Real Estate from Turkey
8: High Investment Potential
Turkey, surpassing countries such as Spain, Portugal and Greece, ranked 14th in the research that revealed the 25 most suitable real estate investment markets in 2020. In addition, the 2020 Ease of Doing Business Report prepared by the World Bank has placed Turkey in the 33rd place among 190 countries. The main reasons for this increased interest are affordable prices, growing projects and a stable tourism market.
9. Health System in Turkey
The most important feature that makes Turkey stand out is its health system. With the principle of “Everyone has social rights”, public or private health services in Turkey are easily accessible and have affordable prices. Especially when private hospitals in Turkey are compared to Europe and North America, they are preferred by foreigners with their prices and high service quality. Health tourism in Turkey has developed thanks to this intense interest. For more information, you can visit our Health System in Turkey page.
10. Becoming a Turkish Citizen by Investing in Real Estate
10 Reasons to Buy Real Estate in Turkey According to the legal regulation published in the Official Gazette on 19.09.2018 and 07.12.2018, those who buy real estate in Turkey that are ready to move in or under construction worth at least 250.000 dollars and commit to purchase a real estate worth 250,000 dollars from a notary public. Turkish citizenship will be given directly to foreigners. If the conditions are met, it takes about 1 week to approve the citizenship approval. For more detailed information, you can visit our Turkish citizenship page.