Compared to Europe, property prices are much lower in Turkey as it is relatively new in terms of selling to foreign buyers. And in general you have to consider that Turkey is a huge country with a lot of land to develop in the property sector. As the cost of living in Turkey is lower than in Europe, the average real estate price is also lower. As a result, many foreigners are interested in buying property in Turkey.
In order to be able to buy property in Turkey you need to translate your passport into Turkish by a public notary, obtain a free national taxpayer identification number from the State Tax Department, and open a bank account.
This is how the specific layout of apartments in Turkey is indicated, where the first number indicates the number of bedrooms in the flat and the second number indicates the number of living rooms. When these numbers are added together, we get the number of rooms.
It depends on the purpose of buying real estate in Turkey. If you want to invest by renting out an apartment, the best places to buy it are the popular tourist centers such as Antalya, Alanya, Istanbul, and Kemer. If you want to move in order to live near the Mediterranean Sea, Alanya is best suited. Contact us and we will help you to choose the most suitable apartments for you.
This is a good opportunity to buy an inexpensive property on the Mediterranean coast for seasonal holidays or permanent residence. You get a property in a rapidly developing region, which implies an increase in prices in the future, especially in the case of Turkey's accession to the European Union. You get the right to obtain a residence permit and subsequently citizenship, if you wish. Good climate, beautiful nature, sea, low property taxes, low cost of living, and low crime are reasons to buy real estate in Turkey.
There is central gas heating in the northern regions, where it is really cold in winter. A large number of apartments are equipped with individual boilers. If you buy apartments in the southern regions of the country, you will use conditioner or electric heaters in winter. Some people are helped by the so-called local soba, which is heated with wood or coal. The winters here are not long in Turkey and the temperature rarely drops below 8 degrees Celsius.
Turkey is a very popular country among foreign investors. Its market is developing really fast. Moreover, the annual price increase can reach 50%. It’s high income that is available in the European country. So, let’s check some reasons to buy apartments in Turkey.
Reasons to Buy Property in Turkey
There are several reasons why Europeans might consider buying real estate in Turkey:
- Turkey offers a diverse range of landscapes, from stunning coastal areas along the Aegean and Mediterranean to vibrant cities like Istanbul, providing a wide array of choices for potential real estate buyers.
- Many parts of Turkey enjoy a Mediterranean climate with long, hot summers and mild winters, making it an attractive destination for those seeking a warm and sunny environment.
- Compared to many European countries, the cost of real estate in Turkey can be relatively lower, offering opportunities for affordable property ownership or investment.
- Turkey offers citizenship and residency programs through real estate investment, providing an opportunity for Europeans to gain residency or citizenship in Turkey.
- Really high investment income. It is possible to increase it while buying real estate under construction. When the house is done, its price is increasing.
It's important for Europeans considering real estate in Turkey to conduct thorough research, understand legal requirements, and seek professional advice before making any property purchase.
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