Is Buying Real Estate in Turkey a Good Investment?

Turkey has grown from a destination purely for tourists and adventure seekers into a rapidly growing economy. It has effectively recovered from the negative impact of the COVID-19 lockdown as various large-scale projects were launched.

This economic growth has attracted the interest of many foreigners and global investors.

Foreign buyers from Europe, the Middle East and Asia began investing in commercial and residential real estate, leading to a subsequent surge in property sales.

According to FDI Markets, Turkey is the 9th most popular FDI destination in Europe in 2020.

Read on to find out if buying property in Turkey is a good investment and what benefits it can bring you.

Affordable Price

The attractive housing prices here are the main reason why many people choose to invest in real estate in Turkey.

The Turkish lira has weakened against the dollar and euro, so real estate here has become much cheaper, giving foreign buyers a huge advantage by investing in local real estate.

Not only is buying property here much cheaper than in other countries, but you also have plenty of options.

With such an extensive and inexpensive real estate catalog, it is worth investing in Turkey.

Get an Excellent ROI

Many people think that investing in Turkey is very reliable because the risk is almost zero. With its stable economy and superior geographical location, Turkey is the first choice for foreigners to spend their holidays.

Year after year, we only see an increasing number of foreign tourists. Therefore, there will always be demand for apartments and accommodation.

You then have the opportunity to use your property to earn a reliable income and get the most value from your investment.

Low Maintenance Cost

After purchasing a property, maintenance costs can become very high and add significantly to your overall expenses. However, this is not the case with real estate in Turkey.

The monthly maintenance fee here is not high and covers many services such as maintenance of elevators, stairwells, gymnasium, etc. and cleaning facilities.

Seamless Purchase

When you buy property in Turkey, you don't have to wait forever for the purchase to be completed. In fact, buying a property here is very easy. This is why foreign buyers choose to invest in Turkey.

Buyers don't have to endure long wait times, and the court process can be completed within days.

Get Higher Value

Foreign buyers can spend a lot of money buying quality villas and luxury properties at competitive prices. Real estate in Turkey has luxurious amenities to support a high standard of living.

Whether you invest in commercial or residential real estate, you are sure to get what you want.

Additionally, you can take advantage of the myriad of facilities available. The healthcare and transportation industries are pretty advanced for you as an investor.

Hence, foreigners can get the best facilities here at an affordable price.

What You Can Get by Investing in Real Estate in Turkey

Business Opportunity

Turkey's location provides easy access to Europe, making the country a hub for major corporations. Investing in Eurasian countries gives foreign buyers access to trade and business opportunities in the construction, tourism and textile industries.

This is an excellent opportunity for investors to expand their contacts and form lasting connections with global companies.

Additionally, rising real estate values ​​should result in high profits for investors.

Qualified Worker

Unlike many other European countries, Turkey has a large young population.

You can be sure that any project you initiate will achieve excellent results, as the country's young and well-educated population means there is ample skilled labor to work with.

Chances of Becoming a Turkish Citizen

Turkey is in the spotlight for its citizenship by investment program. The Turkish government allows foreigners to become Turkish citizens.

The scheme was established in 2017 to encourage foreign investment in the country. According to this, foreign investors who purchase real estate worth at least USD 400,000 have the opportunity to obtain Turkish citizenship together with their legal spouse and minor children.

Furthermore, real estate investment in Turkey can also open doors for investors to obtain long-term residency in this beautiful country.

Those wishing to obtain a real estate residence permit must purchase real estate worth US$75,000 or more in major cities in Turkey and at least US$50,000 in smaller cities in Turkey.

The great advantage of obtaining a residence permit for real estate is that you can stay in the country and enjoy the facilities of the country without a visa.

Let Our Professionals Help You

If you are interested in the advantages of the real estate industry in Turkey, please contact us so that our professional consultants can help you. We can ensure you buy real estate risk-free and get great returns.

Conclusion

All in all, buying property in Turkey is the best decision an investor can make, as each region offers different real estate potential. Your real estate investment here will allow you to unlock unlimited opportunities for business and financial growth.

Property Superiors is ready to help you break into the market and make sure you get the best price!