Why is it worth buying real estate in Turkey?
Turkey is located at the junction of Europe and Asia and at the intersection of important trade routes, the country is washed by seas on three sides. Turkey is a mountainous country, so the climate in different regions can be diametrically different. The Aegean and Mediterranean coasts are especially popular with tourists, where the subtropical and Mediterranean climate with warm winters and hot summers reigns.
Real estate in Turkey is a popular choice among foreign investors, thanks to the warm sea, well-kept beaches, unique Turkish flavor and hospitality.
Reasons for Turkey's popularity among foreigners
In recent years, more and more people have chosen Turkey as a place of permanent residence, and they also come here for the winter. Such popularity among foreigners is explained by several reasons:
- comfortable climate;
- high-quality health care;
- low prices for food and essential goods;
- large selection of housing for purchase and rent;
- current legislation simplifies obtaining a residence permit for foreigners renting housing;
- buying real estate in Turkey for an amount of 400 thousand dollars or more gives the opportunity to obtain Turkish citizenship;
- no visas for some foreign citizens.
Every year, housing prices in Turkey continue to rise, which is associated with an increase in the flow of immigrants from neighboring countries. Due to the constant rise in prices, even despite the high pace of construction, real estate in Turkey has become a profitable investment. Buying housing at the foundation stage, selling a finished apartment in a couple of years without additional investment, you can get a good profit.
Daily rental services are also in demand at Turkish resorts: owning one or more apartments, you can have a stable passive income. The advantage of Turkish real estate is the relatively low cost of maintenance and utility bills.
What determines the price of real estate in Turkey?
The price of housing in Turkey depends on the city, region, distance from the sea, age of the house, availability of infrastructure, quality of repairs and a number of other factors. For those who want to buy a house as cheaply as possible and are not bound by the timing of the move, the ideal solution is real estate from a developer at the foundation stage. This option is suitable for investors, as well as for those who buy housing for themselves with an eye to the future. In this case, you can buy real estate in Turkey in a new building at the lowest price. To choose a decent property for purchase at the foundation stage, you should contact a reliable real estate agency. This will help to avoid trouble with unreliable developers.
Real estate prices in Turkey are constantly rising, such trends have been observed over the past few years, although in 2023 this growth slowed down somewhat. This is due to legislative initiatives of the Turkish government designed to protect Turkish citizens from the rapid rise in real estate prices.
Where is it worth buying real estate in Turkey?
Before buying a home in Turkey, you should decide on the location where you want to have a home.
- Istanbul is the largest ancient city with a rich history, a modern metropolis, a tourist center. Real estate in this city is suitable for both investment and permanent residence.
- Antalya is a famous resort city on the Mediterranean coast, rich in resorts, luxury hotels, and has several interesting attractions. The infrastructure is well developed. New residential complexes are being actively built in Antalya, there is a large selection of housing for sale.
- Alanya will appeal to those who are looking for a calm, measured life on the shores of the warm sea. Alanya is a small town with an ancient fortress, surrounded by satellite villages, where most of the hotels and residential complexes are located.
- Izmir is a large city on the Aegean coast, with a mild comfortable climate and a large number of beaches. Real estate is available for any budget and for any purpose.
- Bodrum is a luxurious expensive resort on the Aegean Sea, famous for its old town, beautiful nature, excellent beaches and turquoise sea. Bodrum is chosen by lovers of luxury real estate.
- Marmaris is a resort on the Aegean Sea, considered more youthful and entertaining, the level of real estate prices is lower than in Bodrum and Fethiye.
- Fethiye is located on the Aegean coast, an hour's drive from Dalaman Airport. A comfortable city for foreigners, real estate is available for every taste.
Real estate in Turkey can be bought quite inexpensively, if you pay attention to areas remote from the sea. Prices are lower outside the popular resorts, you should pay attention to Mersin, Kas and other cities that are not so popular with our fellow citizens.
Why do you need a real estate agency in Turkey?
To make the purchase of real estate a pleasant event, it is better to take care of reliable partners in advance. The real estate agency in Turkey Deniz Estate will help you select suitable properties from reputable developers and will support the transaction from the beginning until the moment of signing the purchase and sale agreement and receiving the keys.