There are many reasons to buy a property in Turkey that attract foreigners from all over the world.
Buying a property in Turkey was significantly different from other countries in terms of modernization and innovation.
The fault was in the local market because mortgages were not available in the past.
Turkey has changed and developed now, the banks have made the mortgage a prominent factor in their work, and the construction sector has embarked on a huge campaign to modernize the housings.
The real estate market has witnessed many changes and updates in legal regulations since 2003, in order to establish great facilities for the long-term investment in Turkey and Istanbul.
With these developments in the real estate market in Turkey, there are many encouraging reasons to buy a property in Turkey.
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Best Reasons to Buy a Property in Turkey
The following are the most important reasons related to buying a property in Turkey for the purpose of:
1- Housing is More Affordable
Low house price is one of the best reasons to buy a property in Turkey that attract foreigners all over the world. Also, luxury properties are available in Turkey.
For example, on the Aegean coast, it is very easy to find a furnished two-bedroom apartment with a suitable budget.
The low prices have enabled many foreigners and investors to buy the property directly without mortgages or bank credit.
2- Great Benefits and Safe Investment
There are also luxury homes overlooking the sea that contain all the latest modern designs, and this type is one of the encouraging reasons to buy a property in Turkey for specific business reasons or to establish a company.
3- Long-term Investment in Turkey
For those who are looking for a long-term investment, real estate investment in Turkey and in Istanbul in particular encourage buyers to get a profitable return.
Experts often recommend investors to invest in Turkey, as real estate sector is very vital and encouraging in Turkey.
Property prices have reached an average that suits everyone, and through the annual maintenance, the property that is well taken care of in Turkey, has huge potential to achieve a great return on long-term investment, and perhaps this is one of the main reasons to buy a property in Turkey.
4- You Can Enjoy The Lifestyle in Turkey
The comfortable lifestyle attracts people and investors undoubtedly to find reasons to buy a property in Turkey, most of them prefer the coastal cities of the Aegean and the Mediterranean to enjoy the sea views and the peaceful life there.
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5- Living Costs are Lower
For buyers who love Turkey, one of the reasons to buy a property in Turkey was the lower cost of living.
Although red meat and gasoline are expensive, a weekly shop can be cheap if you visit local markets to buy items such as fruits, vegetables, cheese, and olives.
About household bills, there’s no TV license, and utilities like water can cost £7 (or about $1) a month, depending on the usage.
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6- Turkey Strategic Location
Turkey is ranked thirty-seventh among the world’s largest countries, and attracts foreign buyers and investors to buy properties in its cities, especially in Istanbul.
The famous places in Turkey include the Bodrum peninsula, which is often visited by wealthy celebrities, and has stunning views.
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7- Food and Culture in Turkey
Apart from the convenient lifestyle and low cost of living, foreigners also prefer the Turkish food, culture and hospitality as the main reasons to buy a property in Turkey.
The kitchen still places on fresh ingredients to create delicious home-cooked meals, and is similar to the Mediterranean diet, which is known as the healthiest in the world.
Turkish culture and hospitality are also encouraging reasons to buy a property in Turkey for foreigners.
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8- A Quick and Easy Ownership Process
Foreigners were able to buy properties in Turkey for the first time in 2001, and since that time, the authorities have been reviewing and simplifying the process of investment and housing for Arabs and foreigners in Turkey.
9- Easy Process to Buy a Property in Turkey
You can buy a property in Turkey easily by contacting a real estate company, and a lawyer to ensure that all of your legal rights are preserved. It is very important to choose a trustworthy real estate company to advise you and help you from the first step of buying a property in Turkey.
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10- Obtaining Residency or Citizenship is a Good Reason to Buy a Property in Turkey
Foreigners can now obtain Turkish citizenship and passport easily by investing in real estate in Turkey, and buying a property or more for $400.000 or above, and it is essential to get the title deed “Tapu” from the property you bought in order to get the Turkish citizenship.
Of course, when buying a property in Turkey, you will get the Turkish residence permit from the government to enjoy all the rights as Turkish citizens.
Frequently Asked Questions about The Best Reasons to Buy a Property in Turkey
What are the most important reasons for buying a property in Turkey?
Living in Turkey is considered affordable, the low cost of living, the strategical location, the low taxes compared to other European countries, and the possibility to get residency and citizenship after buying a property in Turkey.
Are there reasons to buy a property in Turkey?
There are many encouraging reasons to buy a property in Turkey, such as the low cost of living, the strategical location, the low taxes compared to other European countries, and the possibility to get residency and citizenship after buying a property in Turkey.
Can a foreigner buy a property in Turkey?
Yes, foreigners are allowed to buy any type of properties in Turkey.
Can I buy a property in Turkey and obtain residency?
Yes, you can buy a property in Turkey and obtain residency.
Can I buy a property in Turkey and obtain citizenship?
Yes, you must buy a property in Turkey worth $400,000 in order to obtain citizenship.
Is buying a property in Turkey a good investment?
Absolutely, buying a property in Turkey is one of the excellent investments ever. It enables you to gain profits from the high investment value for your property, as well as the rental income.
Where is the comfortable place to buy a property in Turkey?
Istanbul is considered the main educational, health, cultural, touristic, and financial hub in Turkey. So, buying a property in Istanbul may be the most comfortable choice.
Is buying a property in Turkey a safe investment?
Buying a property in Turkey and other countries as well, is considered the safest and best investment ever.
What is the benefit of buying a property in Turkey for a long-term investment?
Turkey properties offer profits on both long-term and short-term investments. So, if you are looking to start a profitable investment, real estate investment will be your best choice.
How easy is the process of buying a property in Turkey?
You can buy a property in Turkey easily by contacting a trustworthy real estate company to help you from the first step to the delivery of your home key.
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