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Reasons for Foreigners to Own Real Estate in Türkiye

2024-09-05
Property Investment in Turkey
1491
Reasons for Foreigners to Own Real Estate in Türkiye
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In your opinion, what are the reasons that push foreigners to buy real estate in Turkey, rather than in other developed countries around the world? Is their desire to purchase real estate in it as an investment or stability, or is it to obtain Turkish citizenship based on the many facilities provided by the Turkish government in this regard?

 

What encourages foreigners to buy real estate in Turkey:

Many reasons encourage foreigners to buy real estate in Turkey. Certainly, their choice was not in vain or purely by chance. There are good and encouraging reasons, the most prominent of which are

The first reason is the fact that the Turkish economy has occupied a very good position in recent years and is expected to continue to grow in the future and this makes investing in Turkish real estate a very safe and profitable investment.

- Another reason is that the Turkish government offers many incentives to foreign investors, such as tax exemptions and residence permits. Moreover, the process of buying real estate in Turkey is relatively simple, and one of the advantages offered is citizenship for those who invest more than $400,000 in Turkish real estate.

- Finally, Turkey is a beautiful country with a rich culture and history, which makes it an ideal place to live or retire as the climate is very pleasant, with warm summers and mild winters.

- The cost of living in Turkey is relatively low, especially when compared to other Western countries.

- There is no language barrier - English is widely spoken throughout Turkey.


 

Steps to owning real estate in Turkey in detail:

Reasons for Foreigners to Own Real Estate in Türkiye
 

There are many steps that you must follow when buying real estate in Turkey. It is not possible to find what you are looking for easily, and the most important of them are:

- The first step to buying a property in Turkey is to organize your money and get a mortgage from a Turkish bank. You will need a down payment of at least 30% of the purchase price, and the mortgage will cover the remaining 70%.

- The next step is to choose the right location for your property. If you are looking for an investment property, you will need to choose an up-and-coming area with good potential to ensure that property prices will continue to rise. If you are looking for a vacation home, you will need to choose an area with good amenities and easy access to the beach.

- Once you have chosen the location of your property, it is time to find a reliable real estate company that can help you find the right property and negotiate the best price.

- Be sure to ask and get recommendations from friends or family before choosing the company to buy from as they must have experience working with foreign buyers and be familiar with the Turkish real estate market.

 

Where are you looking for apartments for sale in Turkey?

One of the important questions that everyone about to buy real estate in Turkey asks is (which cities are the best options to search in? And why is the demand for Istanbul especially high?)

 

Istanbul:

Reasons for Foreigners to Own Real Estate in Türkiye
 

- Istanbul is Turkey's most populous city and its financial and cultural capital and is also the largest city in the country, with a population of over 15 million people.

- Istanbul lies on both sides of the Bosphorus, the strait that connects the Black Sea to the Sea of ​​Marmara and also divides the city into the Golden Horn, a natural port that forms the historical peninsula of Istanbul.

- Istanbul is a major tourist destination and home to some of Turkey's most famous landmarks, such as the Blue Mosque, Hagia Sophia, and Topkapi Palace.

- The city also has a thriving real estate market, where luxury apartments and villas often command high prices.

 

Ankara:

- Ankara is the second most populous city in Turkey after Istanbul. It is located in the center of the country. It is the capital of Turkey and the seat of the Turkish government.

- As a result, Ankara is home to many government agencies and diplomatic missions and the city is also an important center of the Turkish economy, with a large number of banks and companies headquartered in it.

- Ankara has a large youth population, with almost half of its residents under 30 years old and the city enjoys a variety of housing options, from high-rise apartments to large spacious homes.

 

Antalya:

Located on the Mediterranean coast of Turkey, Antalya is one of the most popular tourist destinations in the country and the city is also a major transportation hub, with an international airport and a seaport.

Antalya has a population of over one million people and has a growing economy. The real estate market in Antalya is strong, with the prices of apartments and villas rising significantly and there is a wide range of properties available, from small apartments to large villas.

 

Bursa:

Reasons for Foreigners to Own Real Estate in Türkiye
 

Bursa is one of the most beautiful provinces in Turkey and its history. The city has a lot to offer its residents, including beautiful scenery, a rich culture, and a great economy.

If you are thinking of buying a property in Bursa, here are some things you should know.

- The city's population is more than two million.

- Bursa is located in northwestern Turkey, about 100 kilometers from Istanbul.

- The climate in Bursa is more temperate than other parts of Turkey, with warm summers and cold winters.

- The economy of Bursa is based on industry and agriculture. The city is home to many large companies.

- Bursa is well connected to other parts of Turkey and the world, with an international airport and two major highways running through the city.

 

Is now the right time to buy real estate in Turkey?

The answer depends on your investment strategy. If you are looking for a short-term investment, Turkey may not be the best option at the moment. However, if you are willing to wait for the market to recover, there may be some good opportunities in the next few years.

Turkey has always been popular with foreign buyers, and there are still many people interested in buying real estate there, the main reason is that Turkey offers good privileges for the money paid for the property or apartment. Prices are still relatively low compared to other countries in Europe, and there is a lot of growth potential. capital.

If you are thinking of buying a property in Turkey, you should talk to a Turkish real estate agent to get an idea of ​​what is available and how much it will cost.

 

To obtain the most important and best investment opportunities in the real estate market in Turkey, do not hesitate to contact our real estate consultant to provide you with a list of the most important offers and options available and suitable for you and your goals.

 

Advantages of buying a property in Turkey with Number One Real Estate:

Number One is one of the leading real estate investment companies in Turkey, providing all kinds of real estate services within the Turkish real estate market

We offer our clients all types of real estate from
Villas for sale in Istanbul by the sea, cheap real estate for sale in Istanbul, office apartments and shops in various regions of Istanbul, apartments within the most luxurious residential complexes in Turkey, we take care of the procedures for obtaining Turkish citizenship and real estate residence

Reasons for Foreigners to Own Real Estate in Türkiye
 

 

Read Also:

Motives for Foreign Companies to Invest in Türkiye

Own Real Estate in Türkiye

How to Obtain Turkish Citizenship Through Real Estate Investment?

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