Many foreign investors are interested in apartments in Turkey. They are focused on the tourist cities like Alanya, Antalya, Istanbul, and so on. There are many options for the economy and premium class. Moreover, it’s possible to save money while working with a developer. Apartments in buildings under construction cost less. For instance, Stay Property developer is a reliable developer that offers different apartments in many cities in Turkey.
Tips To Choose Apartments In Turkey
There are several tips that will help you find real estate in compliance with your needs and financial features. When it comes to choosing an apartment in Turkey, there are several factors to consider. Here are some tips to help you make the right choice:
- Location. Identify whether you prefer a seaside property or one in a bustling city center. Consider proximity to amenities such as shops, restaurants, and public transportation.
- Budget. This will help to understand which property is acceptable in the current case.
- Property type. According to the data, the most popular are furnished apartment 2+1, 1+1, 3+1, and 3+2. There are apartments with terraces occur. All modern real estate includes balconies.
- Additional services. There are options with different infrastructure for owners like swimming pools, SPA, hammam, fitness, and so on.
- Future rental potential. If you are going to rent out your property you should focus on the area, social infrastructure, and furniture quality.
- Take your time to visit Turkey and look at real estate by yourself.
It is necessary to cooperate with the real estate agency so that the lawyer checks the contract and ensures that the transaction is carried out in accordance with current legislation.
Best Cities To Buy Real Estate In Turkey
There are just several cities that are popular among foreign investors. These are tourist cities:
- Alanya;
- Antalya;
- Kemer;
- Istanbul;
- Marmaris;
- Mersin;
- Belek.
There is a developed infrastructure in these cities. They are growing, there are many new residential complexes that meet the construction requirements. The apartments in the complexes have a high investment potential, and if necessary, housing can be sold and earn money from rising prices.
The cost of real estate in Turkey is constantly growing. The annual price increase reaches 50% due to the high inflation rate in the country. Investors are actively buying real estate to make money on it. Moreover, they can increase income while renting their objects. Investors also receive a residence permit in Turkey if the cadastral value of the property exceeds 400,000 USD.
Turkish banks are ready to issue a mortgage, so you should not give up your favorite apartments.
