Foreign nationals and foreigners who want to live in Turkey can obtain real estate investment. If you are interested in Buying Property in Turkey. We have created this final guide to learn more about investing in Turkish real estate.
It has a wonderful climate, nature, culture and history. Turkey has always been a good destination for foreigners. So it can be called a second home. As a result, the country offers endless opportunities for businessmen, professionals, students and retirees to invest in real estate with the promise of second citizenship.
Why Buying Property in Turkey?
Buying Property in Turkey is a major player on the world stage. We welcome more and more foreigners. Turkey, located between east and west, does the best of both worlds.
Turkey is not one of the most popular countries for obtaining Buying Property in Turkey. However, there are also some very attractive real estate markets that can offer great return on investment. For example, Istanbul is an attractive place to invest in real estate, with lots of new suburban land and penthouses in some areas of interest.
Foreigners are interested in a country’s “Asian” ability to work in a “Western” economy and quality of life.In Turkey, there have been many changes in the legal system and the process of housing and construction of new buildings. The advantages of Buying Property in Turkey are:
Housing is cheaper than in other countries
The Turkish real estate market is delaying its entry into the international arena, thus attracting the housing prices of immigrants and immigrants from many countries. There is also luxury property. But a furnished two-bedroom apartment in the seaside town is available for only $ 60,000.
Suitable for long-term investment
If you are looking for a long term investment, you can trust the Turkish real estate market. Buyers of Turkish real estate have an advantage over buyers of Cyprus and Spain because these prices can provide a profitable return. Where real estate prices are skyrocketing, there is little annual maintenance. Well-maintained Buying Property in Turkey can yield big returns on long-term investments.
Different housing options
One of the biggest reasons foreigners are interested in Real estate investment is luxury and budget, renovation, unplanned, renovation and resale of apartments, from luxury homes to sea-view apartments. Wide selection of villas. There are many options. Buyers do not have to compromise on their dream of buying a property in Turkey.
The cost of living is cheap
Living in Turkey is relatively cheap compared to European or North American countries. Retirees use the exchange rate of their home currency to the Turkish lira. It turned out that this is higher than the average cost of living in Turkey. Essential ingredients such as fruits and vegetables are also cheap.
Easier buying process
The government has taken steps to facilitate this process to attract investment in the real estate market. This is one of the reasons why foreigners choose Buying Property in Turkey.
Obtaining Turkish citizenship
One of the most important benefits of buying property in Turkey is getting a Turkish passport. As a result, many foreigners looking for a second home see Turkey as an ideal option. Turkish citizenship through the investment program allows foreigners to invest at least $ 250,000 and receive Turkish Citizenship by Investment within 60 days.